The Global Smart Factory market size was valued at USD 152.20 Billion in 2022 and is projected to reach USD 269.43 Billion by 2030, growing at a CAGR of 7.4% from 2023 to 2030.
A smart factory is a highly flexible and autonomous manufacturing system that leverages Industry 4.0 technologies to optimize performance, adapt to changing conditions, and learn from real-time experiences.