The Global Automotive Smart Factory Market was valued at USD 153.7 billion in 2021 and is estimated to grow at a CAGR of 9.76% during the forecast period 2022–2027.

Automotive Smart Factory is most commonly known as the vision of a production environment in which the production facilities and also logistics systems are organized without human intervention. Driverless transport vehicles make it possible to transport materials and tools flexibly through the Smart Factory; these are the main factors that have considerably increased the demand for the Automotive Smart Factory in the market, thereby driving the huge growth of the Automotive Smart Factory market in the upcoming years.

Market Drivers and Restraints:

The main factors that have considerably increased the demand for the Automotive Smart Factory in the market mainly the huge increase in the demand for new technologies such as artificial intelligence in industrial environments, and growing emphasis on energy efficiency, resource optimization, and cost reduction in production operations, a huge rise in the demand for industrial robots; these are the main factors that have considerably increased the demand for the Automotive Smart Factory in the market, thereby driving the huge growth of the Automotive Smart Factory market in the upcoming years.

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The report is segmented as:

Automotive Smart Factory Market is segmented on the basis of by component; on the basis of by vehicle-type; on the basis of by solutions:

* Automotive Smart Factory Market is segmented on the basis of by components into Industrial Robots, Machine Vision, Sensors, 3D Printing

* Automotive Smart Factory Market is segmented on the basis of by solutions into SCADA, PLC, DCS, MES, PLM, ERP, HMI, PAM

* Automotive Smart Factory Market is segmented on the basis of by vehicle type into Passenger Vehicles and Commercial Vehicles

Geographical Segmentation:

Automotive Smart Factory Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the rest of the world. North America has the dominant share in the Automotive Smart Factory due to the growing investments in automation are the main factors that have considerably increased the demand for the Automotive Smart Factory in the North America region, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa will register a slower increase in the Automotive Smart Factory Market.

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Impact of COVID-19 on the Market

Covid -19 pandemic has affected every industry, and the long-term consequences are projected to influence the Automotive Smart Factory boom for the duration of the forecast period. The covid-19 pandemic has impacted largely the income of the Automotive Smart Factory market. COVID-19 has adversely affected the Automotive Smart Factory market. The restrictions and lockdown imposed by means of the authorities in quite a few international locations have gradually down the market and reduced the Automotive Smart Factory. In recent days relaxation in restrictions by the government and people getting vaccinated to stop the spread of coronavirus are expected to raise the Automotive Smart Factory market growth.

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