Smart Factory Market is Expected to Register a Considerable Growth by 2026


Stratview Research has recently published a report on the Smart Factory Market. This strategically evaluated report provides a detailed overview that presents today’s market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2026.


Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Smart Factory Market is projected to grow from USD 78.2 billion in 2020 to USD 147.0 billion by 2026 at a CAGR of over 11.3% during the forecast period.

Key Players

The market for Smart Factory is highly consolidated with the strong presence of key players such as-

  • ABB Ltd (Switzerland)
  • Cognex Corporation (US)
  • Siemens AG (Germany)
  • Schneider Electric (France)
  • Rockwell Automation Inc. (US)
  • Honeywell International Inc. (US)
  • Robert Bosch GmbH (Germany)
  • Yokogawa Electric Corporation (Japan)
  • Kuka AG (Germany)
  • Mitsubishi Electric Corporation (Japan)

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As per the report, the market is segmented by:

  • By Product (Machine Vision Systems, Industrial Robotics, Control Devices, Sensors, Communication Technologies, Others.
  • By Technology (Product Lifecycle Management (PLM), Human Machine Interface (HMI), Enterprise Resource and Planning (ERP), Manufacturing Execution System (MES), Distributed Control System (DCS), Supervisory Controller and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Others)
  • By End-Use (Automotive, Semiconductors, Oil and Gas, Chemical and Petrochemical, Pharmaceutical, Aerospace and Defense, Food and Beverage, Mining, Others)
  • By Region – COVID-19 Impact Analysis and Forecast to 2026.


COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the Smart Factory Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.


Sneak peek into the Report:

This report serves as a comprehensive source of market analysis. The report’s layout has been kept simple in order to have the most business value possible. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions.

The following are the report’s key features:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market forecast analysis
  • Competitive landscape and dynamics: Market share, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends & Key success factors

Customization of Reports 

Stratview research also offers custom research for market evaluation, competitive benchmarking, sourcing and procurement, target screening, and other services across sectors, in addition to this thorough review.

Research Methodology

Stratview Research’s reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.

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