- A smart factory is a highly digitized and connected production facility that uses advanced technologies such as AI, IoT, robotics, and data analytics to autonomously optimize manufacturing processes and improve operational efficiency
- Market growth is fueled by increasing demand for industrial automation, real-time data analytics, improved productivity, and cost-efficiency across manufacturing operations
- The market is advancing through innovations in AI-driven predictive maintenance, robotics, digital twins, and seamless integration of cyber-physical systems
- For instance, companies such as Siemens and Rockwell Automation are developing intelligent automation platforms that combine edge computing and AI to optimize factory performance and reduce downtime
- The smart factory market is expected to grow significantly, driven by Industry 4.0 adoption, sustainability goals, and the rising need for flexible, high-efficiency production systems
