Precedence Research recently published a report on “Smart Manufacturing Market (By Technology: PLC, Machine Execution Systems, Enterprise Resource Planning, DCS, SCADA, Human Machine Interface, 3D Printing, Machine Vision, Plant Asset Management, and PLM; By Component: Software, Hardware, and Services; By End-use: Aerospace & Defense, Automotive, Chemicals & Materials, Industrial Equipment, Healthcare, Electronics, Oil & Gas, Food & Agriculture, and Others) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, The global smart manufacturing market size is projected to reach USD 489.66 billion by 2027 from an estimated USD 1 billion in 2020, at a CAGR of 11.9% from 2020 – 2027.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates smart manufacturing market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global smart manufacturing market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2027 along with a forecast from 2020 to 2027 based on value.
Smart manufacturing refers to a fully-integrated and collaborative manufacturing system that provides response in real time to cater to the changing conditions and demands in a supply network, factory, and in customer needs. In other words, it refers to the ability to solve recent and future problems through an open infrastructure that permits solutions to drive the business and create advantaged output.
Scope of the Study
This smart manufacturing market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
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Growth Factors
Evolution of Internet of Things (IoT) and various digital technologies that include artificial intelligence and machine learning has upended the manufacturing sector in the recent past. Integration of these technologies at different levels of industry supply chain is likely to boost the demand for smart manufacturing solutions over the upcoming years. Integration of different smart manufacturing technologies enhance the productivity along with reduces the manufacturing time that overall increases the productivity of an industry.
Government is significantly supporting the adoption of smart manufacturing technologies and factory automation by offering various incentives and policies as this is expected to improve the economic growth of a country. Growth in the manufacturing and industrial sector have remarkable contribution to the economic growth of a country as it propels the trade activity as well as draws job opportunity within the country. For example, the government of India introduced the ‘Make in India’ initiative that favors the upgradation and development of factories along with manufacturing sectors in the country by stimulating the adoption of IoT and various other automation technologies.
Besides this, increasing concern for data breach and security is likely to hinder the market growth. Integration of automation technologies imparts high reliance on data integration that provides significant opportunity to the hackers or fraudsters to hack confidential data of the company or enterprise. Moreover, the lucrative benefits offered by the smart manufacturing technology such as fast production capability and effective business decision making to cater to the rising need in real time anticipated to propel the market growth over the forthcoming years.
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the smart manufacturing market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the smart manufacturing market include:
Report Highlights
Regional Snapshots
The Asia Pacific emerged as a global leader in the smart manufacturing market because of the presence of numerous players operating in the market. In addition, several manufacturers from different industries are shifting their manufacturing bases in the Asia Pacific region because of low labor and raw material cost that provides alluring opportunity for the end-use industries as well as the industry vendors to strengthen their presence in the region by offering diverse solutions.
However, North America and Europe are the other most prominent revenue contributors in the global market because of technological advancement coupled with remarkable presence of the Information Technology (IT) solutions providers in the region. In addition to this, automotive industry is likely to impart notable growth in the regions owing to a shift in consumer demand from conventional vehicles to automated vehicles and electric powered vehicles in respect to control the alarming rise in pollution level.
Segments Covered in the Report
By Technology
By Component
By End-Use
By Regional Outlook
Key Takeaways
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Smart Manufacturing Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Smart Manufacturing Market
5.1. Covid-19: Smart Manufacturing Industry Impact
5.2. Smart Manufacturing Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Smart Manufacturing Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Smart Manufacturing Vendors to deal with Covid-19 Pandemic Scenario
Chapter 6. Smart Manufacturing Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increasing Penetration of Internet of Things (IoT)
6.1.1.2. Rising Demand for Automation
6.1.2. Market Restraints
6.1.2.1. Rising Concern for Security
6.1.3. Market Opportunities
6.1.3.1. Government Support & Initiatives for Digitization in Industrial Sector
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Global Smart Manufacturing Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Smart Manufacturing Market Revenue by Vendor (2015-2020)
7.1.1.2. Smart Manufacturing Market Revenue Market Share by Vendor (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Regional Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Smart Manufacturing Market, By Technology
8.1. Smart Manufacturing Market, by Technology, 2016-2027
8.1.1. Programmable Logic Controller
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Machine Execution Systems
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Enterprise Resource Planning
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Discrete Control Systems
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. SCADA
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Human Machine Interface
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. 3D Printing
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.8. Machine Vision
8.1.8.1. Market Revenue and Forecast (2016-2027)
8.1.9. Plant Asset Management
8.1.9.1. Market Revenue and Forecast (2016-2027)
8.1.10. Product Lifecycle Management
8.1.10.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Smart Manufacturing Market, By Component
9.1. Smart Manufacturing Market, by Component, 2016-2027
9.1.1. Software
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Hardware
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Services
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Smart Manufacturing Market, By End-use
10.1. Smart Manufacturing Market, by End-use, 2016-2027
10.1.1. Aerospace & Defense
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Automotive
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Chemicals & Materials
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Industrial Equipment
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Healthcare
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Electronics
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Oil & Gas
10.1.7.1. Market Revenue and Forecast (2016-2027)
10.1.8. Food & Agriculture
10.1.8.1. Market Revenue and Forecast (2016-2027)
10.1.9. Others
10.1.9.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Smart Manufacturing Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue Forecast by Technology (2016-2027)
11.1.2. Market Revenue Forecast by Component (2016-2027)
11.1.3. Market Revenue Forecast by End-use (2016-2027)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2016-2027)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2016-2027)
11.2. Europe
11.2.1. Market Revenue Forecast by Technology (2016-2027)
11.2.2. Market Revenue Forecast by Component (2016-2027)
11.2.3. Market Revenue Forecast by End-use (2016-2027)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2016-2027)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2016-2027)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2016-2027)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2016-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Technology (2016-2027)
11.3.2. Market Revenue Forecast by Component (2016-2027)
11.3.3. Market Revenue Forecast by End-use (2016-2027)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2016-2027)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2016-2027)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2016-2027)
11.4. LATAM
11.4.1. Market Revenue Forecast by Technology (2016-2027)
11.4.2. Market Revenue Forecast by Component (2016-2027)
11.4.3. Market Revenue Forecast by End-use (2016-2027)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2016-2027)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2016-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Technology (2016-2027)
11.5.2. Market Revenue Forecast by Component (2016-2027)
11.5.3. Market Revenue Forecast by End-use (2016-2027)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2016-2027)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2016-2027)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2016-2027)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2016-2027)
Chapter 12. Company Profiles
12.1. Emerson Electric Co.
12.1.1. Company Overview, Business Information, Geographical Reach
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. ABB Ltd.
12.2.1. Company Overview, Business Information, Geographical Reach
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. Fanuc Corporation
12.3.1. Company Overview, Business Information, Geographical Reach
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. Honeywell International, Inc.
12.4.1. Company Overview, Business Information, Geographical Reach
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. General Electric Co.
12.5.1. Company Overview, Business Information, Geographical Reach
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. Mitsubishi Electric Corporation
12.6.1. Company Overview, Business Information, Geographical Reach
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Rockwell Automation, Inc.
12.7.1. Company Overview, Business Information, Geographical Reach
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. Robert Bosch GmbH
12.8.1. Company Overview, Business Information, Geographical Reach
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. Schneider Electric SE
12.9.1. Company Overview, Business Information, Geographical Reach
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. Yokogawa Electric Corporation
12.10.1. Company Overview, Business Information, Geographical Reach
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies
12.11. Siemens AG
12.11.1. Company Overview, Business Information, Geographical Reach
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Application
12.11.3. Revenue, Price and Gross Margin (2015-2020)
12.11.4. Recent Developments and Strategies
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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