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

Dynatect Automated Machine Safety Door

Dynatect Automated Machine Safety Door

Dynatect's Gortite VF (Vertical Fabric) Automated Machine Safety Door is intended for automation and safe machine access to minimize cycle time and maximize production time. The automated roll-up door separates machines with hazardous operations from other processes, material handling equipment, and people. The Gortite VF Door contains typical machine/process generated hazards including light debris, fluid splatter/mist, and weld smoke/sparks/flash.