Comprehensive Report on Global Smart Factory Market by Knowledge Sourcing Intelligence
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INTRODUCTION A smart factory is an advanced and automated manufacturing facility with cyber-physical systems ensuring efficient movement of materials across the factory floor Smart Factories basically help in the Automation of the manufacturing process. Stringent industrial regulations regarding worker’s safety in hazardous working conditions have further augmented the need for these solutions across industries. The implementation of these solutions eliminates the involvement of the workforce at the production floor which reduces the risk of industrial accidents. However, factors like high maintenance and initial cost and lack of skilled workforce hamper the market growth. Geographically, the Asia Pacific region is expected to dominate the Smart Factory Market over the forecasted period on account of high growth being observed in the manufacturing sector in emerging economies of China, and India. Market Research...