The New report includes a detailed study of Global Smart Manufacturing Market. It is the result of a comprehensive research carried out keeping in mind the different parameters and trends dominating the global Smart Manufacturing Market.
In 2018, the global Smart Manufacturing market size was 160 million US$ and it is expected to reach 300 million US$ by the end of 2025, with a CAGR of 9.9% during 2019-2025.
Smart manufacturing is a combination of various technologies and solutions which collectively, if implemented in a manufacturing ecosystem. These technologies and solutions are called enablers, which help in optimizing the entire manufacturing process and thus increase overall profits.
The growing emphasis on increasing production efficiency and gaining visibility across the entire value chain are the two major factors driving market growth. In addition, the availability of advanced technologies such as 3D printing, Manufacturing Execution Systems (MES), and plant asset management solutions to small and medium enterprises is further accelerating the industry growth.
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Top Key Players in the Market:
GE, ABB, Siemens, SAP, Schneider, Emerson, Oracle, IBM, Honeywell, Cisco, Rockwell, Yokogawa, Fanuc, NVIDIA, Keyence, Cognex, Stratatys, 3D Systems, Daifuku
This research report categorizes the global Smart Manufacturing market by top players/brands, region, type and end user. This report also studies the global Smart Manufacturing market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Automotive and aerospace & defense industries are the leading growth avenues for smart manufacturing solution providers with industries such as oil and gas and industrial equipment manufacturing rapidly scaling their digitalization efforts.
While cost reduction and manufacturing intelligence are the primary targets of industry players, product quality, sustainability, and compliance are gaining prominence in the industry. The return on investments in smart manufacturing is one of the key promoters of the market with numerous manufacturers having reported quantifiable benefits including energy efficiency, reduction in safety incidents, reduction in cycle times, and lower maintenance costs.
Market Segment by Type:
Automation Control System
Instrumentation & Field Devices
Market Segmentation by Application:
Aerospace & Defense
Chemicals & Materials
Oil & Gas
The report provides in-depth comprehensive analysis for regional segments that covers North America, Europe, Asia-Pacific, Middle East and Africa and Rest of World in Global Outlook Report with Market definitions, classifications, manufacturing processes, cost structures, development policies and plans.
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In this study, the years considered to estimate the market size of Smart Manufacturing are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2026
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Influence of the Smart Manufacturing market report:
- Comprehensive assessment of all opportunities and risk in the Smart Manufacturing market.
- Smart Manufacturing market recent innovations and major events.
- Detailed study of business strategies for growth of the Smart Manufacturing market-leading players.
- Conclusive study about the growth plot of Smart Manufacturing market for forthcoming years.
- In-depth understanding of Smart Manufacturing market-particular drivers, constraints and major micro markets.
- Favourable impression inside vital technological and market latest trends striking the Smart Manufacturing market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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