#3d Machine Vision Market size

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3d Machine Vision Market - Forecast(2024 - 2030)

3D Machine Vision System Market Overview

3D Machine Vision System Market Size is forecast to reach $5.9 billion by 2027, at a CAGR of 11.9% during forecast period 2022-2027. The need for inspection of flaws and controlling a specific task of industrial operations is motivating the utilization of 3D Machine Vision Systems in process control and quality control applications. Additionally, the growing penetration of automation and robotics across various industries and rapid advancements in industrial technologies along with the need for higher productivity are boosting the deployment of 3D Machine Vision Systems. These systems encounter wide range of applications in various industry verticals including oil& gas, aerospace, transportation, automotive among others and are able to serve their inspection needs with the available types such as PC-based and smart camera based 3D Machine Vision Systems. 3D Machine vision systems have been utilized for a number of growing applications including object recognition, automatic inspection, Optical sorting as a real time information for robot controllers. This will drive the market significantly.

Report Coverage

The report: “3D Machine Vision System Market Report– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Brushless DC Motor market

By Product Type: PC Based, Smart Camera Based By Component: Hardware (Camera, Frame Grabber, Lighting, Processor, Optics), Software (Application Specific, Deep Learning) By Application: Quality Assurance and Inspection, Position Guidance, Measurement, Identification, Pattern Recognition and Others By End Users: Automotive, Electrical and Electronics, Healthcare, Consumer Electronics, Aerospace and Defense, Logistics, Security and Surveillance, Printing, ITS, Machinery, Packaging, Food and Beverage and Others By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and Others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), and RoW (Middle East and Africa)

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Key Takeaways

The rising need for advanced manufacturing in the U.S have increasingly demanded the use of 3D Machine Vision Systems.

The market players are majorly opting for various strategies such as product launch, partnership and agreements and collaborations to gain market traction and further penetration to explore the hidden opportunities in upcoming trends including Industry4.0

Recognizing trends and irregularities in production processes early on machine vision paves the way for realizing the smart factory of the future. Machine vision ensures safety in production process as well as quality in the end product.

3D Machine Vision System Market Segment Analysis - By Component

3D Machine Vision System and components market is led by cameras which are estimated to surpass $3.2 billion by 2027 majorly driven by the advancements in imaging technology. The 3D Machine Vision System industry is expected to grow during the forecast period due to continued evolution of CMOS image sensors, rise in demand for automation in industrial applications and increased investments in R&D of smart camera and software by key players, such as Cognex Corporation, Teledyne Technologies, Inc., Keyence Corporation, and others. The global 3D Machine Vision Systems and components market has increased due to the rapid penetration of automation across several industry verticals. Moreover, the development of advanced sensors and software algorithms capable of offering precise and microscopic inspection in high speed production lines is escalating the growth rate of the market. Machine Vision market is estimated to witness significant growth in the coming years, on account of increased adoption in various industries for automatic inspection and control of machines or processes by capturing and interpreting and analyzing an image.

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3D Machine Vision System Market Segment Analysis - By End Use Industry

Automotive industry is expected to witness a highest CAGR of 14.1% the forecast period, owing to increasing investments, and funds for semiconductors has been providing opportunities for adoption of automation technology which further set to drive the demand of connectors in semiconductor industry. These systems encounter wide range of applications in various industry verticals including oil& gas, aerospace, transportation, automotive among others and are able to serve their inspection needs with the available types such as PC-based and smart camera based 3D Machine Vision Systems. Investments by the U.S automakers for strengthening of the manufacturing of automobiles with increasing integration of recent robotic vision technologies in vehicles is accompanying the growth of the robotic vision market in the U.S. Industry revenue is projected to continue grow due to this development.

3D Machine Vision System Market Segment Analysis - By Geography

3D Machine Vision System market in Europe region held significant market share of 38% in 2021. The investments are rising for electric, connected and autonomous vehicles and this in turn The U.S. accounted a huge market base for Machine Vision due to the growing adoption of 3D Machine Vision System technology by vision companies continues to witness exploration for new applications in a variety of industries. which are driving the machine vision market driven by a push from companies such as Google and Verizon. The rising initiatives in Middle East and Africa for the increasing need of automation is set to propel the machine vision market. The growth of manufacturing industry in Africa and Middle East (AME) is expected to grow at a rate of 14.2% between 2021 and 2025 thereby significantly driving the market

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3D Machine Vision System Market Drivers

Growing Demand for Smart Cameras

Smart cameras often support a 3D Machine Vision System by digitizing and transferring frames for computer analysis. A smart camera has a single embedded image sensor. They are usually tailored-built for specialized applications where space constraints require a compact footprint. Smart cameras are employed for a number of automated functions, whether complementing a multipart 3D Machine Vision System, or as standalone image-processing units. Smart cameras are considered to be an effective option for streamlining automation methods or integrating vision systems into manufacturing operations as they are cost-efficient and relatively easy to use. There is a huge demand for smart cameras in industrial production as manufacturers often use them for inspection and quality assurance purposes. Smart cameras are growing at a 9.7% CAGR with Machine vision being a premier use case. Thus, increasing demand for smart cameras will drive the 3D Machine Vision Systems market growth in various industrial applications.

Increasing need for quality products, high manufacturing capacity

3D Machine Vision Systems perform quality tests, guide machines, control processes, identify components, read codes and deliver valuable data for optimizing production. Modern production line are advanced and automated. Machine vision enables manufacturing companies to remain competitive and prevent an exodus of key technologies. Recognizing trends and irregularities in production processes early on machine vision paves the way for realizing the smart factory of the future. Machine vision ensures safety in production process as well as quality in the end product. As a result of this, according to an IDG survey by Insight, 96% of Companies surveyed think computer vision has the capability to boost revenue, with 97% saying this technology will save their organization time and money across the board.

3D Machine Vision System Market Challenges

Lack of awareness among users and inadequate expertise

The robotic vision technology is rapidly changing, with new technologies emerging constantly, and new tools coming to market incredibly fast to make tackling automation problems easier. In the past decade alone, the robotic vision market has seen the introduction of more advanced sensors in terms of both smaller pixels and larger sensors, software platforms that continues to be more accurate, and lighting which is growing brighter and becoming more efficient. The high cost of the research and development in robotic vision and the lack of awareness among users about the rapidly advancing robotic vision technology are key factors likely to hinder the market to an extent.

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3D Machine Vision System Industry Outlook

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the market. 3D Machine Vision System top companies include

Cognex

Omron Corp

Sony Corp.

Panasonic Corp.

Microscan

Basler AG

Keyence Corp.

National Instruments

Sick AG

Teledyne Technologies

FLIR

Recent Developments

In July, 2021 Cognex launched its new series of vision software “VisionPro” for industrial machine vision enabling customers to combine deep learning and traditional vision tools in the same application.

In March 2021, Omron launched FH-SMD Series 3D Vision sensors for robotic arms enabling space-saving assembly, inspection, and pick & place and other applications.

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Machine Vision System and Components Market

Machine Vision System and Component Market Size, Share, Trends: Cognex Corporation Leads

Rapid adoption of automation and Industry 4.0 technologies drives market growth

Market Overview:

The global machine vision system and component market is expected to develop at a 9.2% CAGR between 2024 and 2031. Starting with a base value in 2024, the market is predicted to grow significantly by 2031. North America currently dominates the market, owing to the presence of significant technological companies and the extensive adoption of automation across many industries. The market has significant development potential due to rising demand for quality control, process optimization, and advanced industrial automation across a wide range of end-user categories.

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The rising emphasis on improving industrial efficiency and product quality has resulted in a considerable growth in the use of machine vision systems. More than 60% of manufacturers have integrated machine vision systems into their production processes, especially in regions with high labor costs and demanding quality standards such as North America and Europe. Industry 4.0 ambitions and the growing use of smart manufacturing technologies have fueled the demand for improved machine vision systems.

Market Trends:

Technological advancements in 3D vision technologies, such as stereo vision, structured light, and time-of-flight sensors, have created new opportunities for machine vision systems. These advanced technologies can enhance depth perception, object detection, and measurement capabilities, allowing for more precise quality control and process monitoring. Additionally, the incorporation of machine vision capabilities into embedded systems has resulted in the creation of tiny, cost-effective, and highly adaptable vision solutions catering to a broader range of end users.

Market Segmentation:

In the machine vision system and components market, the cameras segment dominates with nearly 35% of the overall revenue. Cameras play a crucial role as the principal sensing element in machine vision systems. Technological advancements, such as the development of high-resolution, high-speed, and specialized cameras, have led to widespread adoption across various applications. Over the last two years, the demand for industrial-grade cameras has surged by 25%, particularly in sectors like manufacturing, automotive, and healthcare.

The camera segment's continued growth is driven by economies of scale and improved manufacturing techniques, resulting in a 15% reduction in camera pricing. Analysts predict that the cameras segment will maintain its dominance due to ongoing integration of advanced imaging technologies and the growing demand for high-performance vision solutions.

Market Key Players:

Leading the machine vision system and component market are key players such as:

Cognex Corporation

Basler AG

Teledyne Technologies Incorporated

Omron Corporation

National Instruments

FLIR Systems, Inc.

These industry leaders are driving innovation and setting standards for quality and performance, ensuring the market's dynamic growth.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: Aurora Wave Intellects

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From Vision to Reality: The Fast-Growing 3D Printing Market in Action

3D Printing Industry Overview

The global 3D printing market size is expected to reach USD 88,281.2 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 23.5% from 2024 to 2030.  3D Printing (3DP) is also referred to as Additive Manufacturing (AM) as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of material and the unnecessary material is ground out to obtain the desired object.

3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The industrial vertical happens to be the most significant adopter of the 3D printing technology, eventually leading to the largest market share of 3D printers for industrial applications over the forecast period. Additive manufacturing is anticipated to evolve over the forecast period.

3D printing continues to gain popularity among hobbyists and innovators. While individuals are using 3D printing for domestic and personal purposes, universities and educational institutes are using 3D printing for conducting technical training. The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, machining shops have managed to adopt alternative business models by installing 3D printers and offering related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.

Gather more insights about the market drivers, restrains and growth of the 3d Printing Market

Apart from the industrial vertical, the automotive, healthcare, and aerospace & defense verticals are among the leading adopters of 3D printing technology. Incumbents of these verticals have an emphasis on accuracy, enhanced product designing, reliability, shorter time to market, and economical production processes. Given that additive manufacturing can offer all these benefits, the adoption of three-dimensional printers by the automotive, healthcare, and aerospace & defense verticals is expected to gain traction over the forecast period.

3D printing and related technologies are evolving continuously in line with the intensive R&D activities being undertaken, and the aggressive investments being made by the private and the public sectors. Government funding and encouraging initiatives being undertaken in developed economies are prompting manufacturers to pursue improvements in technology and the adoption of new technologies.

North America accounted for the largest revenue share of more than 34.0% in 2023, as a result of the extensive adoption of 3D printers for 3D designing, 3D modeling, and 3D manufacturing in several industries. The Asia Pacific region has emerged as a manufacturing hub owing to an expanding consumer base as well as the continued foreign investments happening in the region. The Asia Pacific market is expected to witness remarkable growth over the forecast period.

3D printing technology happens to be a capital-intensive technology. At the same time, manufacturers are holding on to their misconception about prototyping, rather than realizing the advantages associated with 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for 3D printing. These are some of the factors that are expected to restrain the market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting 3D printers are expected to help in countering the market restraints.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global next generation computing market size was valued at USD 152.13 billion in 2024 and is expected to grow at a CAGR of 16.6% from 2025 to 2030.

The global artificial intelligence in marketing market size was estimated USD 20,447.1 million in 2024 and projected to grow at a CAGR of 25.0% from 2025 to 2030.

3D Printing Market Segmentation

Grand View Research has segmented the global 3D printing market based on component, printer type, technology, software, application, vertical, material, and region: 

3D Printing Component Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Software

Services

3D Printing Printer Type Outlook (Revenue, USD Million, 2017 - 2030)

Desktop 3D Printer

Industrial 3D Printer

3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)

Stereolithography

Fuse Deposition Modelling

Selective Laser Sintering

Direct Metal Laser Sintering

Polyjet Printing

Inkjet printing

Electron Beam Melting

Laser Metal Deposition

Digital Light Processing

Laminated Object Manufacturing

Others

3D Printing Software Outlook (Revenue, USD Million, 2017 - 2030)

Design Software

Inspection Software

Printer Software

Scanning Software

3D Printing Application Outlook (Revenue, USD Million, 2017 - 2030)

Prototyping

Tooling

Functional Parts

3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2030)

Industrial 3D Printing

Automotive

Aerospace & Defense

Healthcare

Consumer Electronics

Power & Energy

Others

Desktop 3D Printing

Educational Purpose

Fashion & Jewelry

Objects

Dental

Food

Others

3D Printing Material Outlook (Revenue, USD Million, 2017 - 2030)

Polymer

Metal

Ceramic

3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Asia Pacific

China

Japan

India

South Korea

Australia

Singapore

South America

Brazil

Middle East and Africa (MEA)

KSA

UAE

South Africa

Key Companies profiled:

3D Systems, Inc.

3DCeram

Arcam AB

Autodesk, Inc.

Canon, Inc.

Dassault Systemes

EnvisionTec, Inc.

EOS (Electro Optical Systems) GmbH

ExOne

GE Additive

HP Inc.

us

Materialise NV

Optomec, Inc.

Organovo Holdings Inc.

Proto Labs, Inc.

Shapeways, Inc.

Stratasys Ltd.

Tiertime

Voxeljet AG

Key Companies & Market Share Insights

Some of the key players operating in the market include 3D Systems, Inc. and Materialise among others.

3D Systems, Inc. is the U.S.-based technology company. The company is involved in the development of Desktop 3D printing products and services such as 3D printers, materials, software, 3D scanners and virtual surgical simulators and haptic design tools. Additionally, the company serves its customers with 3D solutions to manufacture and design complex and unique parts, produce parts locally to reduce the lead time, and eliminate expensive tooling, among others. The company caters to numerous industries and verticals such as aerospace & defense, automotive, healthcare, educational, durable goods, and entertainment.

Materialise is a Belgium-based technology company operating in the additive manufacturing industry. The company is actively involved in the field of Desktop 3D printing to develop a broad range of software solutions, Desktop 3D printing services, and engineering. The company primarily caters to the industries such as healthcare, aerospace, automotive, consumer goods, and art & design.

Recent Developments

In March 2023, 3D Systems, Inc. announced the launch of NextDent Cast and NextDent Base, two new printing materials, and NextDent LCD1, a printing platform. The materials are designed to enhance material properties, and the printing platform is an easy-to-use small-format printer. With these launches, the company aimed to aid its customers in accelerating additive manufacturing adoption.

In November 2023, Autodesk Inc. announced the launch of Autodesk AI. This new technology is available in Autodesk products and is designed to provide customers with generative capabilities and intelligent assistance. With the launch of this new technology in Autodesk products, the company aimed to minimize errors by automating repetitive tasks and the needs of its customers.

In February 2022, Dassault Systèmes has announced a strategic partnership with Cadence Design Systems, Inc. to provide integrated solutions for the development of high-performance electronic systems to enterprise customers in a variety of vertical markets, such as high tech, industrial equipment, and transportation and mobility, aerospace and defense, and healthcare.

Order a free sample PDF of the 3d Printing Market Intelligence Study, published by Grand View Research.

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Industry 4.0 Market Size, Share & Industry Growth Analysis Report by Technology (Industrial Robots, Blockchain, Industrial Sensors, Industrial 3D Printing, Machine Vision, HMI, AI in Manufacturing, Digital Twin, AGV's, Machine Condition Monitoring) and Geography - Global Growth Driver and Industry Forecast to 2028

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Smart Factory Market Key Companies, Growth and Forecast Report, 2030

The global smart factory market size was valued at USD 130.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.

The market for smart factory is expected to expand due to several key factors, including increasing emphasis on energy efficiency, improved manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally, there are promising prospects for the adoption of collaborative robots and ongoing advancements in 3D printing technology, which are set to create lucrative opportunities for the market during the forecast period.

Artificial intelligence (AI) and machine learning (ML) are playing a pivotal role in smart factories. These technologies enable predictive maintenance, quality control, and process optimization. AI-driven analytics can uncover valuable insights from vast datasets, helping manufacturers make data-driven decisions. As AI capabilities continue to evolve, their integration into smart factories is expected to grow.

Gather more insights about the market drivers, restrains and growth of the Smart Factory Market

Smart Factory Market Report Highlights

• Based on technology, the Distributed Control Systems (DCS) segment accounted for the largest market share in 2022. This is attributed to the growing investments from the industrial sector, such as food & beverage, mining & metal, metallurgy, and electronics, in developing economies

• Based on field devices, the sensors segment is expected to expand at the highest CAGR by 2030, owing to their increasing self-sufficiency with low power consumption and integrated computing abilities

• Based on application, the automotive segment accounted for the largest revenue share in 2022 and is expected to continue the same trend over the forecast period. Automotive manufacturers are investing heavily in the development of smart manufacturing and automation to optimize production and reduce operating costs

• The Asia Pacific regional market accounted for the largest revenue share in 2022. This is attributed to the heavy investments of developing countries in smart technologies to keep abreast of international manufacturing standards and trends

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global small drone market size was estimated at USD 12.03 billion in 2023 and is expected to grow at a CAGR of 14.5% from 2024 to 2030.

• The global IoT platform market size was estimated at USD 11.10 billion in 2023 and is projected to grow at a CAGR of 12.7% from 2024 to 2030. 

Smart Factory Market Segmentation

Grand View Research has segmented the global smart factory market based on technology, field devices, application, and region:

Smart Factory Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Distributed Control Systems (DCS)

• Enterprise Resource Planning (ERP)

• Human Machine Interface (HMI)

• Manufacturing Execution System (MES)

• Product Life Cycle Management (PLM)

• Program Logic Controller (PLC)

• Supervisory Controller and Data Acquisition (SCADA)

• Others

Smart Factory Field Devices Outlook (Revenue, USD Billion, 2018 - 2030)

• Sensors

• Industrial Robotics

• Machine Vision Systems

• Others

Smart Factory Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Aerospace & Defense

• Automotive

• Energy & Power

• Food and Beverages

• Healthcare

• Semiconductor & Electronics

• Oil & Gas

• Others

Smart Factory Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

o Rest of Europe

• Asia Pacific

o China

o India

o Japan

o South Korea

o Rest of Asia Pacific

• Latin America

o Brazil

o Mexico

o Rest of Latin America

• Middle East & Africa (MEA)

o UAE

o Saudi Arabia

o Rest of Middle East & Africa

Order a free sample PDF of the Smart Factory Market Intelligence Study, published by Grand View Research.

[govindhtech]

AdLink I-Pi SMARC 1200 Plus DevKit With MediaTek Genio 1200

I-Pi SMARC 1200

AdLink I-Pi SMARC 1200 Plus DevKit, an octa-core MediaTek Genio 1200 processor-powered AI and graphics-focused solution. The octa-core Arm Cortex-A78 and Cortex-A55 CPUs in the Genio 1200 are paired with a 5-core Arm Mali-G57 GPU for cutting-edge 3D graphics and an embedded NPU that can handle up to 5 TOPS of edge AI data.

The on-device AI processing capabilities of the I-Pi SMARC 1200 include computer vision and deep learning neural network acceleration. Moreover, up to three MIPI camera inputs and several 4K displays are supported by the SMARC. For a variety of next-generation AI focused developments, including smart homes, industrial IoT, 3K multimedia apps, and human-machine interfaces, this is the go-to option. Product developers can explore new avenues and expedite proof of concept creation before production with the dev kit, which lowers costs and shortens time to market.

Pi SMARC 1200

MediaTek Genio 1200 platform

The Octa-core MediaTek MT8395 powering the LEC-MTK-I1200 module (Cortex-A78 x4 + A55 x4 in the arm)

The Smart Mobility Architecture, or SMARC Form Factor

SMARC 2.1 specification: a very small and power-efficient design appropriate for edge computing and embedded applications.

Due to its small size (82 x 80 mm), it is perfect for designs that need to save space, like industrial IoT systems, robotics, smart home appliances, and AI cameras.

All-encompassing Connectivity

Support for Bluetooth 5.2 and Wi-Fi 6 allows for fast wireless data transfer.

Support for optional 5G: Enables cellular high-speed connectivity for Internet of Things applications that need dependable network access.

Gigabit Ethernet: Quick connectivity for edge devices via wired networks.

Display and Graphics

Equipped with a Mali-G57 GPU, capable of encoding and decoding 4K60 HDR video.

There are several display interfaces available for connecting high-definition monitors and displays, including as HDMI, eDP, and MIPI DSI.

A Variety of I/O Interfaces

Peripheral connectivity via PCIe, USB 3.1, and I2C enables expansion with extra parts including cameras, sensors, and storage devices.

AI cameras can be connected via the MIPI CSI camera interface, which is helpful for robotics and smart surveillance applications.

AI & Machine Learning on the Edge

For real-time decision-making, the AI Processing Unit reduces dependency on cloud computing by enabling effective AI inferencing at the edge.

Perfect for jobs involving natural language processing, computer vision, and machine learning.

Stored Information and Memory

Supports high-speed memory operations with LPDDR4x RAM.

Sffers external SD card ports, UFS, and eMMC as storage options.

Low Power Need

It is appropriate for battery-powered IoT devices such as smart cameras, portable robotics, and IoT sensors because it was designed with energy efficiency in mind.

Uses in Industry

Suitable for industries where AI and IoT solutions are essential, such as smart manufacturing, smart cities, healthcare, and retail.

Creation and Personalization

Offers compatibility for Linux, Android, and other embedded operating systems together with a thriving software ecosystem.

Gives developers the ability to design unique apps and solutions for AI-powered Internet of Things gadgets.

Read more on Govindhtech.com

[tamanna31]

Smart Factory Market Intelligence Report Offers Growth Prospects

Smart Factory Industry Overview

The global smart factory market size was valued at USD 130.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.

The market for smart factory is expected to expand due to several key factors, including increasing emphasis on energy efficiency, improved manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally, there are promising prospects for the adoption of collaborative robots and ongoing advancements in 3D printing technology, which are set to create lucrative opportunities for the market during the forecast period.

Gather more insights about the market drivers, restrains and growth of the Smart Factory Market

Artificial intelligence (AI) and machine learning (ML) are playing a pivotal role in smart factories. These technologies enable predictive maintenance, quality control, and process optimization. AI-driven analytics can uncover valuable insights from vast datasets, helping manufacturers make data-driven decisions. As AI capabilities continue to evolve, their integration into smart factories is expected to grow.

For instance, in September 2022, Datametrex AI Ltd. announced the launch of Smart Factory AI technology based on big data, Artificial Intelligence (AI), and server automation operating system technologies. Additionally, the company claimed to receive purchase orders totaling CAD 200,000 from various multinational corporations, including Woongjin, Co. Ltd., Kolon Benit, and Lotte Data Communication Co., Ltd.

The adoption of Industry 4.0 principles is a prominent trend in smart factories. Industry 4.0 emphasizes the integration of digital technologies such as IoT, big data analytics, and automation into manufacturing processes. Smart factories are leveraging these technologies to optimize production, improve quality, and enhance overall efficiency. This trend is expected to continue as manufacturers seek to remain competitive in a globalized market.

Furthermore, the Internet of Things (IoT) is the backbone of smart factories, facilitating real-time monitoring and control of machines and processes. The growing number of connected devices, sensors, and actuators is enhancing visibility and automation within factories. The increasing deployment of 5G networks and the advancement of edge computing will further strengthen the significance of IoT in the market.

The COVID-19 pandemic had a profound impact on the smart factory industry. While it initially disrupted supply chains and manufacturing operations, it also accelerated the adoption of digital technologies in factories. The need for remote monitoring, predictive maintenance, and agile production processes became apparent during the pandemic, driving increased investment in smart factory solutions. Additionally, the emphasis on worker safety and social distancing led to a greater interest in automation and robotics. The market is anticipated to sustain its growth momentum as the global economy recovers from the pandemic. This is attributed to manufacturers placing greater emphasis on enhancing resilience, efficiency, and operational flexibility in their processes.

Smart Factory Market Segmentation

Grand View Research has segmented the global smart factory market report on the basis of technology, field devices, application, and region:

Technology Outlook (Revenue, USD Billion, 2018 - 2030)

Distributed Control Systems (DCS)

Enterprise Resource Planning (ERP)

Human Machine Interface (HMI)

Manufacturing Execution System (MES)

Product Life Cycle Management (PLM)

Program Logic Controller (PLC)

Supervisory Controller and Data Acquisition (SCADA)

Others

Field Devices Outlook (Revenue, USD Billion, 2018 - 2030)

Sensors

Industrial Robotics

Machine Vision Systems

Others

Application Outlook (Revenue, USD Billion, 2018 - 2030)

Aerospace & Defense

Automotive

Energy & Power

Food and Beverages

Healthcare

Semiconductor & Electronics

Oil & Gas

Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa (MEA)

UAE

Saudi Arabia

Rest of Middle East & Africa

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global generative AI smartphone market shipments was estimated at 52.1 million units in 2023 and is projected to grow at a CAGR of 40.9% from 2024 to 2030. 

The global aviation software market size was estimated at USD 10.68 billion in 2023 and is expected to grow at a CAGR of 7.2% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is classified as highly competitive, with the presence of several smart factory players. The key players operating in the industry are focusing on strategic alliances, product developments, expansions, and mergers & acquisitions to remain competitive. For instance, in March 2023, Schneider Electric SE, a digital transformation provider of energy management and industrial automation, initiated the construction of its upcoming smart factory in Dunavesce, Hungary. This state-of-the-art facility, backed by an investment of USD 42.67 million (€40 million), would cover an area of 25,000 sq. m. and will accommodate a workforce of 500 employees. Such strategies by key players are anticipated to augment market growth over the forecast period. Following are some of the major players in the global smart factory market:

ABB Ltd.

Dassault Systemes S.E.

FANUC Corporation

General Electric Company

Honeywell International, Inc.

Johnson Controls, Inc.

KUKA AG

Mitsubishi Electric Corporation

Rockwell Automation, Inc.

Schneider Electric SE

Canon Inc.

Cisco System Inc.

Emerson Electric Co. 

Order a free sample PDF of the Smart Factory Market Intelligence Study, published by Grand View Research.

[credenceresearchdotblog]

Time of Flight (ToF) Sensors is projected to grow from USD 5750 million in 2024 to USD 1758.9 million by 2032, expanding at a CAGR of 15.00%.Time-of-Flight (ToF) sensors have rapidly emerged as a critical technology in various industries, enabling applications ranging from 3D imaging to gesture recognition and autonomous navigation. These sensors measure the time taken by a light signal to travel to an object and back, allowing precise distance calculations. With the increasing demand for accurate depth sensing and 3D mapping, the global ToF sensors market is poised for significant growth. This article explores the key drivers, market trends, opportunities, and challenges associated with the ToF sensors market.

Browse the full report at https://www.credenceresearch.com/report/time-of-flight-tof-sensors-market

Market Overview

The global Time-of-Flight sensors market has been experiencing robust growth, driven by advancements in consumer electronics, automotive, healthcare, and industrial automation. According to industry reports, the market is expected to grow at a compound annual growth rate (CAGR) of over 15% from 2023 to 2030, reaching a market value of several billion dollars by the end of the forecast period.

Key Drivers of Market Growth

1. Rising Demand in Consumer Electronics: The integration of ToF sensors in smartphones, tablets, and gaming devices has been a significant driver of market growth. These sensors enable features like facial recognition, augmented reality (AR), and enhanced photography, which have become standard in high-end devices. The ongoing trend of miniaturization and the increasing adoption of 3D imaging in consumer electronics are expected to further fuel the demand for ToF sensors.

2. Advancements in Automotive Industry: The automotive sector is another major contributor to the growth of the ToF sensors market. These sensors play a crucial role in advanced driver assistance systems (ADAS), enabling functions like collision avoidance, pedestrian detection, and autonomous parking. As the industry moves towards fully autonomous vehicles, the demand for high-performance ToF sensors is anticipated to surge.

3. Healthcare and Medical Applications: In the healthcare sector, ToF sensors are being increasingly used in medical imaging, patient monitoring, and telemedicine. Their ability to provide accurate depth sensing and real-time data is invaluable in applications like remote surgery and diagnostic imaging, driving their adoption in the medical field.

4. Industrial Automation and Robotics: The industrial automation sector is leveraging ToF sensors for applications such as robotics, machine vision, and industrial safety. The sensors' capability to create detailed 3D maps and measure distances with high precision makes them ideal for automating complex manufacturing processes and ensuring worker safety.

Opportunities and Challenges

Opportunities: - Technological Advancements: Continuous innovations in sensor technology, such as the development of hybrid ToF sensors and the integration of AI for enhanced accuracy, present significant growth opportunities. - Expansion in Emerging Markets: The increasing adoption of advanced technologies in emerging economies offers untapped growth potential for ToF sensor manufacturers.

Challenges: - High Costs: The high cost of ToF sensors, especially in the automotive and healthcare sectors, poses a significant challenge to market growth. Manufacturers are focused on reducing costs through economies of scale and technological advancements. - Technical Limitations: Issues related to accuracy, range, and environmental interference (e.g., lighting conditions) remain technical challenges that need to be addressed for broader adoption.

Key Players

Texas Instruments Incorporated (TI)

STMicroelectronics (ST)

Infineon Technologies AG

Panasonic Corporation

Sony Corporation

Broadcom Inc.

OMRON Corporation

Renesas Electronics Corporation

Analog Devices, Inc.

Vanguard International Semiconductor Corporation

Segmentation

By Type

RF-modulated Light Sources with Phase Detectors

Range-gated Imagers

Direct Time-of-Flight Imagers

Based on Applications

Augmented Reality and Virtual Reality

LiDAR

Machine Vision

3D Imaging and Scanning

Robotics and Drone

Based on End-User

Consumer Electronics

Automotive

Entertainment and Gaming

Industrial

Healthcare

Based on Geography

North America

The U.S.

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

Browse the full report at https://www.credenceresearch.com/report/time-of-flight-tof-sensors-market

About Us:

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Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com 

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C-arm machines have become an essential tool in modern healthcare, providing real-time imaging during various surgical procedures. These versatile devices, with their C-shaped frames, offer numerous advantages such as low radiation exposure, reduced infection risk, compact size, and exceptional mobility. As a result, C-arm machines are widely used in orthopedics, general surgery, gynecology, and other medical specialties.

The primary applications of C-arms include:

- Orthopedic procedures like nailing, osteopathy, and repositioning

- Surgical implantation of pacemakers

- Removal of foreign objects from the body

- Interventional procedures

- Incorporation with ozone machines for pain treatment

- Gynecologic tube guiding procedures

Technological Advancements in C-Arm Machines

Over the years, C-arm technology has undergone significant advancements. The introduction of flat panel detector (FPD) technology has revolutionized the industry, gradually replacing image intensifiers. This upgrade has led to several benefits, including:

- Lower radiation doses for patients and healthcare professionals

- Larger effective imaging areas

- Higher image quality

- Smaller, more compact designs for improved clinical usability

Top C-Arm Machine Manufacturers

Several leading companies have emerged as pioneers in the C-arm machine market, each offering innovative solutions tailored to the evolving needs of healthcare providers. Here are some of the top manufacturers:

1. Siemens Healthiness: Founded in 1896, Siemens Healthiness is a global leader in C-arm machine manufacturing. Their broad lineup of mobile C-arms combines excellent image quality with unique features designed for easy operability, versatility, and efficiency.

2. GE Healthcare: Established in 1892, GE Healthcare is committed to providing innovative medical technologies and services worldwide. Their OEC 3D C-arm offers both 3D and 2D imaging capabilities, seamlessly integrating into existing surgical procedures to improve accuracy and efficiency.

3. Philips Healthcare: Founded in 1891 in the Netherlands, Philips Healthcare is a global medical device giant. Their mobile C-arm systems enable healthcare professionals to quickly and easily obtain clear, detailed images to support informed decisions during various surgical procedures.

4. Ziehm Imaging: Headquartered in Germany, Ziehm Imaging was the first C-arm machine supplier to offer integrated systems for subtraction angiography. Their ZIEHM VISION RFD 3D is designed to balance cost and efficiency, improve the patient experience, and reduce surgical trauma.

5. Perlove Medical: Founded in 2003, Perlove Medical is a leading manufacturer of medical X-ray imaging equipment in China. Their C-arm machines, including mobile digital C-arm systems, interventional FPD C-arms, and 3D digital FPD C-arm systems, offer advantages such as high-resolution flat panel detectors and intelligent digital pulse dose control technology to minimize radiation exposure.

Conclusion

C-arm machine manufacturers play a crucial role in advancing surgical imaging technology. By continuously innovating and improving their products, these companies help healthcare providers deliver better patient care, reduce radiation exposure, and streamline clinical workflows. As the demand for minimally invasive procedures continues to grow, the importance of reliable and high-quality C-arm machines will only increase in the years to come.

[businessindustry]

Automated Optical Inspection System Market News 2024-2032 | Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Automated Optical Inspection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Automated Optical Inspection System Market Growth share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Automated Optical Inspection System Market?

The global automated optical inspection system market size reached US$ 956.7 million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 4,275.9 million in 2032, exhibiting a growth rate (CAGR) of 18.1% during 2024-2032.

What are Automated Optical Inspection System?

An Automated Optical Inspection (AOI) System is a technology employed in manufacturing to examine printed circuit boards (PCBs) and other electronic elements for defects or quality problems. This system utilizes cameras and lighting to capture detailed images of the PCB, which are subsequently analyzed by specialized software to identify issues like missing components, misaligned parts, or soldering defects. By swiftly detecting and addressing these problems, AOI systems enhance production efficiency and ensure the quality of electronic devices.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2039

What are the growth prospects and trends in the Automated Optical Inspection System industry?

The automated optical inspection (AOI) market growth is driven by various factors. The automated optical inspection (AOI) systems market is on the rise, driven by increasing requirements for top-notch electronic components across industries like electronics manufacturing and automotive. These systems are pivotal in guaranteeing the quality and dependability of printed circuit boards (PCBs) by spotting defects such as soldering problems, absent components, and misalignments. Market expansion is also steered by technological progress in AOI systems, resulting in enhanced inspection precision and effectiveness. Furthermore, stringent quality criteria and regulations in diverse industries are boosting the uptake of AOI systems for quality assurance needs. Hence, all these factors contribute to automated optical inspection (AOI) market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type

2D AOI Systems

3D AOI Systems

By Component

Software

System

By Technology

Inline AOI

Offline AOI

By Application

Fabrication Phase

Assembly Phase

By End User

Automotive

Aerospace Defense

Others

By Region

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Koh Young Technology

Omron

Viscom

Saki Corporation

Nordson

Kla

Camtek

Cyberoptics

Goepel Electronic

Irtec

Marantz Electronics

Machine Vision Products

Mycronic Ab (Vi Technology)

Dcb Automation

Pemtron

View Full Report: https://www.reportsandinsights.com/report/Automated Optical Inspection System-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: sales@reportsandinsights.com Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1

[globalgrowthinsights]

Tire Machinery Market Size, Share, Growth, Trends [2032]

Tire Machinery Market provides in-depth analysis of the market state of Tire Machinery manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Tire Machinery in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Tire Machinery Market Report:

The report offers a comprehensive and broad perspective on the global Tire Machinery Market.

The market statistics represented in different Tire Machinery segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Tire Machinery are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Tire Machinery.

Major stakeholders, key companies Tire Machinery, investment feasibility and new market entrants study is offered.

Development scope of Tire Machinery in each market segment is covered in this report. The macro and micro-economic factors affecting the Tire Machinery Market

Advancement is elaborated in this report. The upstream and downstream components of Tire Machinery and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/tire-machinery-market-100006

 Global Growth Insights

Web: https://www.globalgrowthinsights.com

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[shalin-designs]

Transforming Product Design with 3D CAD Services

In today’s competitive market, product designers must innovate quickly and efficiently to bring exceptional products to life. Achieving this requires creativity, vision, and powerful tools to turn ideas into reality. 3D computer-aided design (CAD) services have become vital for product designers, offering unparalleled efficiency and precision in creating, iterating, and refining designs.

Shalin Designs, a leader in 3D CAD design services, understands the unique challenges faced by product designers. Our comprehensive suite of services can revolutionize your design approach, from conceptualization to manufacturing. Here's how 3D CAD services empower product designers:

1. Enhanced Visualization and Communication

Gone are the days of relying on 2D sketches and hand-built prototypes to convey design intent. 3D CAD software enables designers to create realistic 3D models that accurately represent a product’s form, function, and assembly. This allows designers to:

Visualize Concepts in Detail: 3D models provide a clear understanding of a product’s size, shape, and spatial relationships between components. Designers can explore different iterations virtually, identify potential issues early on, and refine their ideas before investing in physical prototypes.

Improve Communication: 3D models are powerful tools for communicating ideas. Designers can effectively share their concepts with stakeholders, including engineers, manufacturers, and investors. Realistic renderings and animations showcase the product’s functionality and user experience, fostering better collaboration and reducing misunderstandings.

By leveraging these services, companies can accelerate product development cycles and achieve higher precision and innovation in their designs. For more information, read our detailed article on the industries benefiting from 3D product design services and their advantages.

2. Increased Design Efficiency and Iteration

The traditional design process often involves a lengthy cycle of creating physical prototypes, testing, and making modifications. 3D CAD streamlines this process significantly, allowing designers to:

Rapidly Iterate on Designs: Changes to the 3D model can be made quickly and easily, enabling designers to explore various options and find optimal solutions faster, reducing design cycles and time-to-market.

Identify and Address Design Flaws Early: 3D CAD software includes design rule checking and collision detection features. These tools help identify potential assembly, fit, and functionality issues before a physical prototype is built, saving time and resources.

3. Advanced Design Capabilities and Optimization

3D CAD software offers advanced capabilities that empower designers to create complex and innovative products:

Parametric Modeling: This feature allows designers to define relationships and rules within the model. Changes to one aspect of the design automatically update other relevant features, ensuring consistency and reducing the risk of errors.

Engineering Analysis: Advanced 3D CAD software integrates with engineering analysis tools, allowing designers to perform simulations to assess stress, heat transfer, and fluid flow. These insights can optimize product designs for performance, durability, and manufacturability.

4. Streamlined Collaboration and Manufacturing

3D CAD models are the foundation for a collaborative design and manufacturing process, enabling:

Seamless Integration with Manufacturing: 3D models can be directly exported to computer-aided manufacturing (CAM) software, generating toolpaths for CNC machines and other equipment. This reduces errors and streamlines the transition from design to production.

Improved Stakeholder Communication: 3D models serve as a universal language, facilitating clear communication between designers, engineers, and manufacturers. This ensures everyone works from the same data set, minimizing errors and rework.

Conclusion

By leveraging 3D CAD services, product designers can unlock new levels of creativity, efficiency, and innovation. Shalin Designs experienced professionals can help you harness the power of 3D CAD to bring your product ideas to life. We offer a customized approach tailored to your specific needs and project requirements.

Call to Action

Ready to transform your product design process? Contact Shalin Designs today for a free consultation and learn how our 3D CAD design services can empower you to create exceptional products. Let’s turn your vision into reality, together.

[industrynewsupdates]

Smart Factory Market Size, Trends, and Business Outlook, 2030

The global smart factory market size was valued at USD 130.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.

The market for smart factory is expected to expand due to several key factors, including increasing emphasis on energy efficiency, improved manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally, there are promising prospects for the adoption of collaborative robots and ongoing advancements in 3D printing technology, which are set to create lucrative opportunities for the market during the forecast period.

Gather more insights about the market drivers, restrains and growth of the Smart Factory Market

Artificial intelligence (AI) and machine learning (ML) are playing a pivotal role in smart factories. These technologies enable predictive maintenance, quality control, and process optimization. AI-driven analytics can uncover valuable insights from vast datasets, helping manufacturers make data-driven decisions. As AI capabilities continue to evolve, their integration into smart factories is expected to grow.

For instance, in September 2022, Datametrex AI Ltd. announced the launch of Smart Factory AI technology based on big data, Artificial Intelligence (AI), and server automation operating system technologies. Additionally, the company claimed to receive purchase orders totaling CAD 200,000 from various multinational corporations, including Woongjin, Co. Ltd., Kolon Benit, and Lotte Data Communication Co., Ltd.

The adoption of Industry 4.0 principles is a prominent trend in smart factories. Industry 4.0 emphasizes the integration of digital technologies such as IoT, big data analytics, and automation into manufacturing processes. Smart factories are leveraging these technologies to optimize production, improve quality, and enhance overall efficiency. This trend is expected to continue as manufacturers seek to remain competitive in a globalized market.

Furthermore, the Internet of Things (IoT) is the backbone of smart factories, facilitating real-time monitoring and control of machines and processes. The growing number of connected devices, sensors, and actuators is enhancing visibility and automation within factories. The increasing deployment of 5G networks and the advancement of edge computing will further strengthen the significance of IoT in the market.

The COVID-19 pandemic had a profound impact on the smart factory industry. While it initially disrupted supply chains and manufacturing operations, it also accelerated the adoption of digital technologies in factories. The need for remote monitoring, predictive maintenance, and agile production processes became apparent during the pandemic, driving increased investment in smart factory solutions. Additionally, the emphasis on worker safety and social distancing led to a greater interest in automation and robotics. The market is anticipated to sustain its growth momentum as the global economy recovers from the pandemic. This is attributed to manufacturers placing greater emphasis on enhancing resilience, efficiency, and operational flexibility in their processes.

Smart Factory Market Segmentation

Grand View Research has segmented the global smart factory market report on the basis of technology, field devices, application, and region:

Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Distributed Control Systems (DCS)

• Enterprise Resource Planning (ERP)

• Human Machine Interface (HMI)

• Manufacturing Execution System (MES)

• Product Life Cycle Management (PLM)

• Program Logic Controller (PLC)

• Supervisory Controller and Data Acquisition (SCADA)

• Others

Field Devices Outlook (Revenue, USD Billion, 2018 - 2030)

• Sensors

• Industrial Robotics

• Machine Vision Systems

• Others

Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Aerospace & Defense

• Automotive

• Energy & Power

• Food and Beverages

• Healthcare

• Semiconductor & Electronics

• Oil & Gas

• Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

o Rest of Europe

• Asia Pacific

o China

o India

o Japan

o South Korea

o Rest of Asia Pacific

• Latin America

o Brazil

o Mexico

o Rest of Latin America

• Middle East & Africa (MEA)

o UAE

o Saudi Arabia

o Rest of Middle East & Africa

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global generative AI smartphone market shipments was estimated at 52.1 million units in 2023 and is projected to grow at a CAGR of 40.9% from 2024 to 2030. 

• The global aviation software market size was estimated at USD 10.68 billion in 2023 and is expected to grow at a CAGR of 7.2% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is classified as highly competitive, with the presence of several smart factory players. The key players operating in the industry are focusing on strategic alliances, product developments, expansions, and mergers & acquisitions to remain competitive. For instance, in March 2023, Schneider Electric SE, a digital transformation provider of energy management and industrial automation, initiated the construction of its upcoming smart factory in Dunavesce, Hungary. This state-of-the-art facility, backed by an investment of USD 42.67 million (€40 million), would cover an area of 25,000 sq. m. and will accommodate a workforce of 500 employees. Such strategies by key players are anticipated to augment market growth over the forecast period. Following are some of the major players in the global smart factory market:

• ABB, Ltd.

• Dassault Systemes S.E.

• FANUC Corporation

• General Electric Company

• Honeywell International, Inc.

• Johnson Controls, Inc.

• KUKA AG

• Mitsubishi Electric Corporation

• Rockwell Automation, Inc.

• Schneider Electric SE

• Canon Inc.

• Cisco System Inc.

• Emerson Electric Co. 

Order a free sample PDF of the Smart Factory Market Intelligence Study, published by Grand View Research.