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...

Featured Product

Model TR1 Tru-Trac

Model TR1 Tru-Trac

The Model TR1 Tru-Trac® linear measurement solution is a versatile option for tracking velocity, position, or distance over a wide variety of surfaces. An integrated encoder, measuring wheel, and spring-loaded torsion arm in one, compact unit, the Model TR1 is easy to install. The spring-loaded torsion arm offers adjustable torsion load, allowing the Model TR1 to be mounted in almost any orientation - even upside-down. The threaded shaft on the pivot axis is field reversible, providing mounting access from either side. With operating speeds up to 3000 feet per minute, a wide variety of configuration options - including multiple wheel material options - and a housing made from a durable, conductive composite material that minimizes static buildup, the Model TR1 Tru-Trac® is the ideal solution for countless applications.