Increasing Demand for Industrial Robots Driving the Growth of the Smart Factory Market
The smart factory market size is projected to reach USD 134.9 billion by 2026 from an estimated USD 80.1 billion in 2021, at a CAGR of 11.0% from 2021 to 2026. Rising demand for technologies such as IoT and artificial intelligence in industrial environments, growing emphasis on energy efficiency, resource optimization, and cost reduction in production operations, increasing demand for industrial robots, and fiscal policies to keep manufacturing facilities afloat amidst COVID-19 crisis are among the factors driving the growth...
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