Smart Manufacturing Market Top Manufacturers, Size, Business Scenario, Share, Growth, Insights, Industry Analysis, Trends and Forecasts Report 2028
Smart Manufacturing Market Size – USD 200.98 billion in 2019, Market Growth – CAGR of 12.3%, Market Trends – Implementation of Industrial IoT in manufacturing
Smart Manufacturing Market Significant driving forces shaping the future of the Smart Manufacturing market for the forecast period 2020 – 2028 find a special mention in the study and are backed by a real-time statistics. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry’s growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.
Smart Manufacturing Market Knowing the trends influencing the industry performance:
Smart Manufacturing Market Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
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The device management segment accounted for a significantly high revenue share in the Smart Manufacturing market in 2019. Increased adoption of advanced digital technologies in the manufacturing sector such as digital twins, smart sensors, and Industrial Internet Of Things (IIoT) is resulting in increasing number of connected devices, which is driving the need for device management.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the rising investments of the manufacturing companies on the implementation of advanced technologies in the manufacturing process to increase operational efficiency and production.
Smart Manufacturing Market Key participants include IBM, ABB, General Electric, Siemens, Rockwell Automation, Honeywell International, Schneider Electric, Mitsubishi Electric, Emerson Electric, and Cisco, among others.
The researchers find out why sales of Smart Manufacturing are projected to surge in the coming years. The study covers the trends that will strongly favour the industry during the forecast period, 2020 to 2027. Besides this, the study uncovers important facts associated with lucrative growth and opportunities that lie ahead for the Smart Manufacturing industry.
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Smart Manufacturing Market Information Technology Outlook (Revenue, USD Billion; 2017-2027)
Manufacturing Execution System
Warehouse Management System
Plant Asset Management
Enterprise Manufacturing Intelligence
Product lifecycle Management
Smart Manufacturing Market Enabling Technology Outlook (Revenue, USD Billion; 2017-2027)
Industrial 3D printing
Industrial Internet of Things (IIoT)
Artificial Intelligence (AI) in manufacturing
Blockchain in manufacturing
Augmented Reality and Virtual Reality in manufacturing
Industry Outlook (Revenue, USD Billion; 2017-2027)
Energy & Power
Aerospace & Defense
Food & Beverage
Semiconductor & electronics
Oil & Gas
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
The report segments the Smart Manufacturing market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.
Smart Manufacturing Market Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Smart Manufacturing Market Segmentation & Impact Analysis
4.1. Smart Manufacturing Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Stringent environmental regulations
126.96.36.199. Rising need to reduce bacterial or algal contamination in water systems
188.8.131.52. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
184.108.40.206. Fluctuating prices of raw material
220.127.116.11. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Smart Manufacturing Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Smart Manufacturing Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Smart Manufacturing Market Regional Outlook
Chapter 8. Competitive Landscape