Summary
Global Smart Factory Market to Reach $294.9 Billion by 2030
The global market for Smart Factory estimated at US$152.2 Billion in the year 2022, is projected to reach a revised size of US$294.9 Billion by 2030, growing at a CAGR of 8.6% over the period 2022-2030. Control Equipment & Software, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$127.5 Billion by the end of the analysis period. Growth in the Reporting & Analysis Software segment is estimated at 10% CAGR for the next 8-year period.
The U.S. Market is Estimated at $30.1 Billion, While China is Forecast to Grow at 9.9% CAGR
The Smart Factory market in the U.S. is estimated at US$30.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$62.1 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
Select Competitors (Total 209 Featured)
- Daimler AG
- Fortinet, Inc.
- Advantech Co., Ltd.
- Festo Belgium NV
- AT&T Enterprise Business
- Arburg GmbH + Co. KG
- Critical Manufacturing S.A.
- ebm-papst Mulfingen GmbH & Co. KG
- Exor International SpA
- Flocktons TVP
- Comau SpA
- EOS GmbH
- CyberX
- Altizon Systems Pvt., Ltd.
- BinMaster
