Smart Factories Drive Factory Automation Market Growth by 2031

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2025-07-01 13:22:47

Market Size & Forecast Estimates for the global factory automation market project strong growth ahead: Forecasts range from USD 181.5 billion in 2023 to USD 340.8 billion by 2031, at a CAGR of 8.2%. While estimates vary, the consensus is clear: the factory automation market is poised for robust double-digit growth, driven by Industry 4.0 adoption. Introduction & Definition Factory...

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