Delray Beach, FL, April 09, 2025 (GLOBE NEWSWIRE) — The report “Smart Factory Market by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, Manufacturing Execution System, Industrial Safety, PAM), Industry and Region – Global Forecast to 2029”, The Smart factory market in the US is projected to grow from USD 18.8 billion in 2024 to USD 30.1 billion by 2029; it is expected to grow at a CAGR of 9.8% from 2024 to 2029.
The growth of the US smart factory market can be attributed to the large industrial base and high production capacities of companies in the country. To meet the demand for increased operational efficiency and improved product quality with the optimal use of resources, manufacturers are implementing automation technologies in their manufacturing processes. The US government has provided an ideal environment for research and innovation, which has facilitated massive advancements in various science and technology fields. The government is focused on enhancing the quality of life of its citizens, for which it has invested significantly in the implementation of smart factory solutions across various sectors.
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List of Players in the Smart Factory Industry:
- Emerson Electric Co. (US),
- General Electric (US),
- Rockwell Automation, Inc. (US),
- Honeywell International Inc. (US),
- Dwyer Instruments, LLC. (US),
- Stratasys (US),
- 3D Systems Corporation (US) and others.
US Smart Factory Market Segmentation:
Industrial sensors market captured a significant share of the U.S. smart factory market in 2023
The industrial sensor market in the US is expanding rapidly, fueled by the push for automation and the adoption of Industry 4.0 technologies. These sensors play a crucial role in monitoring operations, improving efficiency, reducing downtime, and optimizing workflows across industries like manufacturing, energy, and transportation. With the rise of IoT and advanced data analytics, sensors are becoming smarter, enabling real-time decision-making and predictive maintenance. This shift is helping businesses streamline processes, cut costs, and enhance productivity. As industries embrace digital transformation, the demand for high-tech sensors continues to grow, making them essential for creating intelligent, connected systems. These innovations position the US as a leader in industrial efficiency and technological advancement. By integrating smart sensors, businesses can achieve greater accuracy, reduce waste, and stay competitive in an increasingly automated world.
The U.S. industrial 3D printing market is expected to register the highest CAGR during the forecast period.
The US industrial 3D printing market is experiencing rapid growth in the US smart factory market. The rapid adoption of Industry 4.0 technologies, such as IoT and advanced analytics, is transforming US manufacturing into a highly automated, data-driven ecosystem, with 3D printing at its core. This shift enables faster prototyping, customization, and production efficiency, particularly in industries like aerospace, automotive, and healthcare. Additionally, substantial investments from both government initiatives, like Manufacturing USA, and private sectors are fueling innovation and infrastructure growth. The US also benefits from a robust technological base and a skilled workforce, accelerating the integration of 3D printing into smart factories. Rising demand for lightweight, complex components further drives this growth, positioning the US as a leader in the global smart manufacturing landscape.
By solution, the Manufacturing Execution System (MES) segment is projected to hold a significant share of the U.S. smart factory market
Manufacturing Execution System (MES) is expected to account for a significant market share in the US smart factory market due to their essential role in automation, real-time data management, and process optimization. As Industry 4.0 adoption grows, MES acts as a bridge between factory operations and enterprise systems, enabling seamless data integration and improving efficiency. The increasing demand for cost reduction and precision in industries like automotive, aerospace, and pharmaceuticals further drives MES adoption, as it enhances workflows, minimizes downtime, and strengthens quality control. Additionally, rising investments in smart manufacturing and the growing use of IoT, AI, and data analytics are accelerating MES implementation.
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Smart Factory Market Dynamics – Opportunities and Challenges
Opportunities:
The U.S. Smart Factory market is poised for significant growth, fueled by the rapid adoption of advanced technologies such as industrial IoT, AI, and 3D printing. These innovations enhance operational efficiency, enable real-time data analysis, and support mass customization in manufacturing. The increasing implementation of Manufacturing Execution Systems (MES) is also improving connectivity between production and enterprise systems, streamlining workflows and reducing downtime. Additionally, supportive government initiatives and investments in digital manufacturing are creating a favorable environment for innovation and expansion, positioning the U.S. as a global leader in smart factory development.
Challenges:
Despite its promising outlook, the U.S. Smart Factory market faces several key challenges. High initial costs associated with deploying advanced technologies, upgrading infrastructure, and training employees can be a significant barrier, especially for small and medium-sized enterprises. Integrating new systems with legacy equipment often presents compatibility issues, leading to delays and increased implementation costs. Moreover, the increased connectivity of smart factories raises cybersecurity concerns, making data protection a critical priority. Finally, the shortage of skilled labor capable of managing and operating these advanced systems poses an ongoing hurdle to widespread smart factory adoption.
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