Smart Factory Market worth $134.9 billion by 2026
iCrowd Newswire
According to the new market research report on the
Smart Factory Market With COVID-19 Impact by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, PAM, MES, Industrial Safety), Industry, and Region - Global Forecast to 2026 , published by MarketsandMarkets™, the Smart Factory Market size is expected to grow from USD 80.1 billion in 2021 to USD 134.9 billion by 2026; it is expected to grow at a CAGR of 11.0% from 2021 to 2026. The key factors driving the growth of the market are fiscal policies to keep manufacturing facilities afloat amidst COVID-19 crisis, resource optimization, and cost reduction in production operations, increasing demand for industrial robots, rising demand for technologies such as IoT and artificial intelligence in industrial environments, and growing emphasis on energy efficiency.
CHICAGO, May 28, 2021 /PRNewswire/ According to the new market research report "Manufacturing Execution System Market with COVID-19 Impact by Offering (Software, Services), Deployment, Organization
Manufacturing Execution System Market with COVID-19 Impact by Offering (Software, Services), Deployment, Organization Size, Process Industry (Food & Beverages, Pharmaceuticals & Life Sciences), Discrete Industry, Geography - Global Forecast to 2026 , published by MarketsandMarkets™
, the Manufacturing Execution System Market is expected to grow from USD 11.5 billion in 2021 to USD 17.1 billion by 2026 at a CAGR of 8.3% from 2021 to 2026. A few key factors driving the growth of this market include the need for mass production and connected supply chain to cater to the growing population, increasing use of industrial automation in process and discrete industries, the growing importance of regulatory compliance and fiscal policies formulated by regional financial institutions to keep manufacturing facilities floating amidst COVID-19 crisis, and increasing IT and OT convergence in manufacturing industries.
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Koch Industries Collaborates with Mobile Industrial Robots to Deploy Autonomous Mobile Robots Worldwide
May 26, 2021
Summary
Mobile Industrial Robots, the global market leader in autonomous mobile robots (AMRs), today announced a worldwide strategic collaboration with one of the world’s largest private companies, Koch Industries. Koch Industries Collaborates with Mobile Industrial Robots to Deploy Autonomous Mobile Robots Worldwide