Lucintel Forecasts The Smart Factory Market In Australia To Reach $216 Billion By 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the smart factory market in Australia looks promising with opportunities in the automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace and defense, food and beverage, and mining markets. The smart factory market in Australia is expected to reach an estimated $216 billion by 2031 with a CAGR of 9.5% from 2025 to 2031. The major drivers for this market are rising demand for industrial robots and the growing adoption of IoT and artificial intelligence in the industrial market.
A more than 150-page report to understand trends, opportunity and forecast in smart factory market in Australia to 2031 by type (machine vision systems, industrial robotics, control devices, sensors, communication technologies, and others), technology (product lifecycle management, human machine interface, enterprise resource planning, manufacturing execution systems, distributed control systems, supervisory controller and data acquisition, and programmable logic controller), and end use industry (automotive, semiconductors, oil and gas, chemical, pharmaceutical, aerospace ...
... and defense, food and beverage, mining, and others).
Lucintel forecasts that, within the technology category, programmable logic controllers are expected to witness the highest growth over the forecast period due to their increasing demand from the semiconductor, automotive, and food and beverage industries.
Download sample by clicking on smart factory market in Australia.
Within the end use industry category, automotive will remain the largest segment due to the growing demand for complex and demanding manufacturing processes in this industry.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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