Smart Factory Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The smart factory market was estimated at USD 101.1 billion in 2023 and is likely to grow at a CAGR of 10.2% during 2024-2029 to reach USD 181.55 billion in 2029. Growing practice for a modern base for manufacturing, better efficiency of manufacturing, and a strong high focus on energy consumption.