Smart Factory Market Growth Potential, Trends, Company Profiles, Global Expansion and Forecasts
The Smart Factory Market is experiencing significant growth, with the industry valued at USD 139,420.7 million in 2023. Projections indicate the market will continue its upward trajectory, reaching an impressive USD 161,343.4 million in 2024 and expanding to USD 510,017.9 million by 2032, driven by an exceptional CAGR of 15.47% from 2024 to 2032. This growth reflects the increasing adoption of advanced technologies like Industrial Internet of Things (IIoT), artificial intelligence (AI).