Smart Factory Market Outlook:
Smart Factory Market size was valued at USD 130.75 billion in 2025 and is expected to reach USD 378 billion by 2035, expanding at around 11.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of smart factory is assessed at USD 143.93 billion.
Increasing Adoption of the Industrial Internet of things will fuel the industry growth. In the context of industry, the IIoT is a network of connected machines, sensors, and devices that allows for real-time data gathering, processing, and sharing. Traditional manufacturing processes are revolutionized by this connectivity and data interchange, which also advances the creation of smart factories. As per our analysis, the Industrial Internet of things evaluates an industry figure of USD 544 billion in 2023.
Another significant user of smart factory methods is the semiconductor industry. Rising energy costs, several environmental restrictions, and the general trend toward sustainable manufacturing are anticipated to accelerate the use of items like machine vision systems, robotics, and other technologies, driving up market demand for smart factories.
