Factory Automation Market to Reach USD 578.26 Billion by 2030, Growing at an 8.9% CAGR
Factory Automation Market to Reach USD 578.26 Billion by 2030, Driven by Industry 4.0 and Smart Manufacturing Trends Global Factory Automation Market Set to Grow at 8.9% CAGR, Fueled by Rising Demand for Efficiency and Productivity in Manufacturing Summary: The global Factory Automation Market , valued at USD 318.37 billion in 2023, is projected to grow at a CAGR of 8.9% from 2024 to 2030, reaching nearly USD 578.26 billion by the end of the forecast period. This growth is driven by the increasing adoption of Industry 4.0 technologies, the need for operational efficiency, and the rising demand for smart manufacturing solutions. The market’s expansion highlights the critical role of automation in transforming traditional manufacturing processes. Get Your Free Sample Here: https://www.maximizemarketresearch.com/request-sample/63386/ A) Market Size: The Factory Automation Market was valued at USD 318.37 billion in 2023 and is expected to grow at a CAGR of 8.9% dur...