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

CGI Motion - Advanced Products for Robotics and Automation

CGI Motion - Advanced Products for Robotics and Automation

From Prototype to Production CGI Motion enables design excellence across a wide range of industrial applications. We thrive on customer driven innovation in precision gearbox, precision machined components and electro-mechanical assembly solutions ranging from aerospace systems to semiconductor applications. We are your design and manufacturing partner helping to differentiate your product, machine or innovation. Our team of problem solving engineers and product managers can bring your application to market on time and under budget. Whether it's an improvement on a current design or groundbreaking new designs, CGI has the know-how and team to enable design excellence. Connect with us today to explore what CGI Motion can do for you.