The rise of Internet of Things (IoT) is ushering us into the era of smart factories or Industrial 4.0. The global smart factory market, in terms of value, is expected to grow at a CAGR of 10.4% and reach USD 74.80 billion by 2020. The next generation of factories is characterized by the use of immense computing power, sophisticated sensor technology, artificial intelligence control systems and other revolutionary technologies.

Based on our in-house research expertise, we’ve compiled the technology focus areas and the market landscape for Industrial 4.0. This infographic takes a closer look at:

• The key components of a smart factory
• An analysis of how smart factories can impact the automotive, oil and gas, aviation and energy industries
• The companies already using smart factories
• The global smart factories market potential
• The estimated sector-wise adoption by 2020
• The global smart factory adoption index
• Patent filing trends

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For a complete report of the ever changing scenarios of smart factories, including the manufacturing industry trends, landscape, analysis and market outlook, write to info@netscribes.com.