Smart Manufacturing Market Analysis, Size, Share, Growth, Trends, and Forecast till 2027
Smart Manufacturing Market Analysis, Size, Share, Growth, Trends, and Forecast till 2027
Global Smart Manufacturing Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
The growth of this market can be attributed to the increasing adoption of digital technologies across all major industries, including food beverage, petrochemicals, automotive, aerospace defense, and energy power. The rising need to eliminate human machine errors, enhanced asset efficiency and production quality has increased the adoption of digitized supply chain management solutions.
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The report further explores the key business players along with their in-depth profiling, product catalog, and strategic business decisions. The key players studied in the report are IBM, ABB, General Electric, Siemens, Rockwell Automation, Honeywell International, Schneider Electric, Mitsubishi Electric, Emerson Electric, and Cisco, among others.
Some Key Highlights From the Report
- In May 2019, ABB and the Vietnamese Ministry of Science and Technology (MoST) exchanged a Letter of Intent (LOI) in Stockholm, Sweden. The LOI was exchanged to accelerate the realization of smart manufacturing in Vietnam.
- The Manufacturing Execution System segment held the largest market share of 28.7% in 2019. Increasing utilization of the advanced and cost-effective technologies, such as the cloud-based Manufacturing Execution System, in the manufacturing process by the small and medium-sized enterprises (SMEs) is expected to drive the segment's growth.
- Industrial Robotics is forecasted to grow with the fastest CAGR of 13.6% over the forecast period. Implementation of artificial intelligence and the increasing investments for automation across all major industries in the developing countries is driving the growth of the segment.
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Emergen Research has segmented the global Smart Manufacturing Market on the basis of Information Technology, Enabling Technology, Industry, and region:
Information Technology Outlook (Revenue, USD Billion; 2017-2027)
- Manufacturing Execution System
- Human-Machine Interface
- Warehouse Management System
- Plant Asset Management
- Industrial Communication
- Enterprise Manufacturing Intelligence
- Product lifecycle Management
- Others
Enabling Technology Outlook (Revenue, USD Billion; 2017-2027)
- Industrial Robotics
- Machine Vision
- Industrial 3D printing
- Industrial Internet of Things (IIoT)
- Artificial Intelligence (AI) in manufacturing
- Blockchain in manufacturing
- Augmented Reality and Virtual Reality in manufacturing
- Others
Industry Outlook (Revenue, USD Billion; 2017-2027)
- Energy Power
- Aerospace Defense
- Pharmaceuticals
- Automotive
- Food Beverage
- Semiconductor electronics
- Oil Gas
- Chemicals
- Others
Regional Bifurcation of the Smart Manufacturing Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report aims to provide a complete analysis of the global Smart Manufacturing market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Smart Manufacturing market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
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Highlights of Table of Contents (TOC):
- Overview of Global Smart Manufacturing Market
- Competitive analysis of the Smart Manufacturing market
- Regional analysis of Global Smart Manufacturing market production and revenue
- Regional analysis of Global Smart Manufacturing market supply, consumption, and export import
- Type-based market analysis of global Smart Manufacturing production, revenue, and price trends
- Application-based analysis of the global Smart Manufacturing market
- Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Smart Manufacturing market
- Global Smart Manufacturing market forecast (2020-2027)
- Conclusion of the research report
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