5 key trends in the global smart factory market

Abhishek Budholiya for Embedded Computing Design:  Smart factories are being touted as the future of manufacturing. Continuous advancement in machine intelligence is expected to bring about a fourth industrial revolution, expected to offer a wide range of benefits, including greater efficiency, flexibility, and safety.

The global smart factory market was valued at nearly $52 billion in 2014 and is expected to expand at over 13 percent compound annual growth rate (CAGR) in the next ten tears. Let’s take a look at some key insights on the global smart factory market.

First, smart factories are gaining traction in the automotive and transportation sector. Tightening profit margins and stringent guidelines have made automotive manufacturing a highly competitive market.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Next Generation of Precision Motion Controllers - V3.0

Next Generation of Precision Motion Controllers - V3.0

MICROMO launches the new MC3/MCS motion control family. The new high performance, intelligent controllers are optimized for use with FAULHABER motors, offer electronics for simple operation with state-of-the-art interfaces for multi-axis applications, and provide a motion control system solution with the most compact integration into industrial grade housing.