The ASEAN smart factory market is rapidly expanding and is expected to reach 28.85 billion USD by 2031.
The ASEAN smart factory market is poised for a transformative decade, with revenues expected to surge from $9.76 billion in 2022 to an estimated $28.85 billion by 2031. This remarkable growth trajectory is supported by a robust compound annual growth rate (CAGR) of 12.80% during the forecast period from 2023 to 2031. The ASEAN smart factory market is anticipated to revolutionize manufacturing processes across various industries, including automotive, electronics, food and beverage, and pharmaceuticals. As more companies recognize the benefits of smart manufacturing, investments in automation and digitalization are expected to rise sharply. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The smart factory market in ASEAN and India is classified by solutions, components, deployment, and vertical industries. By Solutions SCADA Product Lifecycle Management (PLM) Human-Machine Interface Industrial Safety Manufacturing Execution Systems (MES) Others By Components Industrial Sensors Industrial 3D Printing Industrial Robots Machine Vision Systems Others By Deployment Cloud On-Premises By Vertical Industries Automotive Semiconductors and Electronics Machinery Manufacturing Medical Devices Pharmaceuticals Chemicals Energy and Power Food and Beverage Others Key Companies: ABB Siemens AG Schneider Electric Emerson Electric Co Honeywell International Inc Rockwell Automation Inc Johnson Controls SAP SE Oracle IBM Cisco Systems Inc Microsoft
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