Delray Beach, FL, April 09, 2025 (GLOBE NEWSWIRE) — The report “Smart Factory Market by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, Manufacturing Execution System, Industrial Safety, PAM), Industry and Region – Global Forecast to 2029”, The Smart factory market in the US is projected to grow from USD 18.8 billion in 2024 to USD 30.1 billion by 2029; it is expected to grow at a CAGR of 9.8% from 2024 to 2029.
The growth of the US smart factory market can be attributed to the large industrial base and high production capacities of companies in the country. To meet the demand for increased operational efficiency and improved product quality with the optimal use of resources, manufacturers are implementing automation technologies in their manufacturing processes. The US government has provided an ideal environment for research and innovation, which has facilitated massive advancements in various science and technology fields. The government is focused on enhancing the quality of life of its citizens, for which it has invested significantly in the implementation of smart factory solutions across various sectors.
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List of Players in the Smart Factory Industry:
- Emerson Electric Co. (US),
- General Electric (US),
- Rockwell Automation, Inc. (US),
- Honeywell International Inc. (US),
- Dwyer Instruments, LLC. (US),
- Stratasys (US),
- 3D Systems Corporation (US) and others.
US Smart Factory Market Segmentation:
Industrial sensors market captured a significant share of the U.S. smart factory market in 2023
The industrial sensor market in the US is expanding rapidly, fueled by the push for automation and the adoption of Industry 4.0 technologies. These sensors play a crucial role in monitoring operations, improving efficiency, reducing downtime, and optimizing workflows across industries like manufacturing, energy, and transportation. With the rise of IoT and advanced data analytics, sensors are becoming smarter, enabling real-time decision-making and predictive maintenance. This shift is helping businesses streamline …