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Global Smart Manufacturing Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

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Global Smart Manufacturing Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

Global Smart Manufacturing Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

  • Published Date: 11 Apr 2020
  • Report ID: M&E 0012
  • Pages:174
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

As indicated by the National Institute of Standards and Technology (NIST), Smart Manufacturing are frameworks that are “completely coordinated, community-oriented assembling frameworks that react continuously to satisfy changing needs and conditions in the processing plant, in the graceful system, and client needs.”

The Global Smart Manufacturing market is relied upon to ascend from its underlying estimation of USD 171.48 billion of every 2018 to an expected estimation of USD 417.07 by 2028, enlisting a CAGR of 11.75% in the forecast period of time 2019 – 2028. This ascent can be credited because of the acknowledgment of the mechanized apparatus in assembling and various enterprises.

Top driver: Robust demand for digitization and web

Elements that are driving the development of the market are:

  • The rapid development of the web of things
  • Rising interest for robotization, quality, and productivity
  • The requirement of consistency and government support for digitization

Security concerns and high capital speculation are thwarting the worldwide keen assembling market. An assortment of unessential information and joblessness because of shrewd assembling can challenge the market.

The expression “brilliant” envelops associations that create and use information and data all through the item life cycle, aiming to make adaptable assembling forms that react quickly to changes popular requiring little to no effort to the firm, without influencing the proficiency and condition. The information is additionally dissected and coordinated with relevant data and is then common with approved partners and innovation, utilizing both remote and wired networks, which empowers this progression of information, giving the capacity to screen and oversee forms remotely and change creation designs rapidly continuously, when required. It profoundly upgrades the results of diminishing assembling waste, accelerating the creation, and improving the yield and the nature of merchandise delivered.

IIOT and Industrial Communication to make a crucial contribution to the growth of Global Smart Manufacturing Market

IIOT is holding a high market share and contributing to the growth of the Global Smart Manufacturing Market. These technologies consist of various control systems, Radio Frequency systems, meter, cameras, interface board, GPS, and yield monitor.

The technology which relates to Industrial Communication is growing at the largest rate and also increasing during the forecast period of time. It enables the machine to machine communication and man to machine communication in an efficient way. It provides a prominent role in oil and gas, energy, power, auto, and electronics.

Pharmaceutical and Aerospace industry is also contributing towards growth of Global Smart Manufacturing Market.

Rising Investment in Global Smart Manufacturing Market and Research to benefit North America Market

North America is driving the advancement in the brilliant assembling market, and involved roughly 27% of the worldwide market in 2019. Gigantic interests in shrewd assembling advances, charge appropriations for makers, and developments in mechanical technology have fuelled the development of the savvy fabricating market in the district. Asia-Pacific, encountering high industrialization, involved a 25% offer in 2019. Latin America and the Middle East and Africa advertise, however, still at the beginning stages, are encountering not too bad development.

Key Players to Focus on Expanding Applications in Global Smart Manufacturing Market

In the smart manufacturing market major competitors currently working are 3D Systems Inc., Daifuku Co. Ltd, ABB, Cisco, Cognex Corporation, Stratasys Ltd., Intel Corporation, Google, NVIDIA Corporation, KEYENCE CORPORATION, Samsung, PTC, Universal Robots, Sony Corporation, General Electric, Emerson Electric Co., IBM Corporation, Honeywell International Inc., Rockwell Automation Inc., Oracle, Schneider Electric, SAP SE, Yokogawa Electric Corporation , Siemens AG, Fanuc Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH and Texas Instruments Incorporated.

Emerson Electric:  Emerson Electric Co. makes and creates process controls, frameworks, valves, and investigative instruments. The organization offers mechanical, business, computerization, and private arrangements around the world. It works through 2 business sections—Automation Solutions and Commercial and Residential Solutions. It serves businesses.

ABB LTD: ABB works fundamentally in mechanical technology, power, overwhelming electrical gear, and computerization innovation. ABB primarily works through 3 business portions—Electrification Products, Robotics and Motion, and Industrial Automation.

Scope of the Report

By Technology

  • Supervisory Controller and Data Acquisition (SCADA)
  • Manufacturing Execution System (MES)
  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Enterprise Resource and Planning (ERP)
  • Product Lifecycle Management (PLM)
  • Human Machine Interface (HMI)

By Component

  • Robotics
  • Communication Segment
  • Control Device
  • Sensor
  • Machine Vision Systems

By End User

  • Oil and Gas
  • Automotive
  • Pharmaceutical
  • Chemical and Petrochemical
  • Metals and Mining
  • Food and Beverage

By Region

  • North America
  • Europe
  • Asia Pacific

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Chapter 1 Overview And Scope

1.1 Market Vision

1.1.1 Market Definition

1.1.2 Market Scope

1.2 Market Segmentation

Chapter 2 Our Research Practice

2.1 Our Research Methodology

2.2 Data Triangulation

2.3 Data Sources

2.4 Assumptions for the study

2.5 Approach Adopted

Chapter 3 Executive Summary

3.1 Market Snapshot

3.2 Regional Snapshot

3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis

4.1 Overview

4.2 Prevalence analysis

4.3 Key Factor Impact Analysis

Chapter 5 Global Smart Manufacturing Market Forces

5.1 What’s Driving the Market

5.2 Porter’s Five Forces Analysis

5.2.1 Power of Suppliers

5.2.2 Threats From New Entrants

5.2.3 Power of Buyer

5.2.4 Threat From Substitute Product

5.2.5 Degree of Competition

Chapter 6 Global Smart Manufacturing Market -Industry Snapshots

6.1 Overview

6.1.1 Global Smart Manufacturing Market Value, 2019 – 2028, (US$ Bn)

6.2 Market Overview

6.2.1 Drivers Analysis

6.2.2 Restraint/Challenges analysis

6.2.3 Opportunity Analysis

6.3 Supply Chain/Value Chain Analysis

6.4 Market SWOT Analysis

Chapter 7 Global Smart Manufacturing Market Analysis, by Technology

7.1 Overview

7.2 Key Findings for Smart Manufacturing Market- By Technology

7.2.1 Smart Manufacturing Market- Supervisory Controller and Data Acquisition (SCADA)

7.2.2 Smart Manufacturing Market- Manufacturing Execution System (MES)

7.2.3 Smart Manufacturing Market- Programmable Logic Controller (PLC)

7.2.4 Smart Manufacturing Market- Distributed Control System (DCS)

7.2.5 Smart Manufacturing Market- Enterprise Resource and Planning (ERP)

7.2.6 Smart Manufacturing Market- Product Lifecycle Management (PLM)

7.2.7 Smart Manufacturing Market- Human Machine Interface (HMI)

Chapter 8 Global Smart Manufacturing Market Analysis, by Component

8.1 Overview

8.2 Key Findings for Smart Manufacturing Market- By Component

8.2.1 Smart Manufacturing Market- Robotics

8.2.2 Smart Manufacturing Market- Communication Segment

8.2.3 Smart Manufacturing Market- Control Device

8.2.4 Smart Manufacturing Market- Sensor

8.2.5 Smart Manufacturing Market- Machine Vision Systems

Chapter 9 Global Smart Manufacturing Market Analysis, by End User

9.1 Overview

9.2 Key Findings for Smart Manufacturing Market- By End User

9.2.1 Smart Manufacturing Market- Oil and Gas

9.2.2 Smart Manufacturing Market- Automotive

9.2.3 Smart Manufacturing Market- Pharmaceutical

9.2.4 Smart Manufacturing Market- Chemical and Petrochemical

9.2.5 Smart Manufacturing Market- Metals and Mining

9.2.6 Smart Manufacturing Market- Food and Beverage

Chapter 10 Smart Manufacturing Market Analysis by Region

10.1 Key Findings for Smart Manufacturing Market- By region

10.2 Overview

10.2.1 Global Smart Manufacturing Market Analysis, By Technology, 2019 – 2028

10.2.2 Global Smart Manufacturing Market Analysis, By Component, 2019 – 2028

10.2.3 Global Smart Manufacturing Market Analysis, By End User, 2019 – 2028

10.3 Smart Manufacturing Market – North America

10.3.1 Overview

10.3.2 U.S.

10.3.3 Canada

10.3.4 Mexico

10.3.5 North America Market, By Technology

10.3.6 North America Market, By Component

10.3.7 North America Market, By End User

10.4 Smart Manufacturing Market – Europe

10.4.1 Overview

10.4.2 Germany

10.4.3 United Kingdom

10.4.4 France

10.4.5 Italy

10.4.6 Rest Of Europe

10.4.7 Europe Market, By Technology

10.4.8 Europe Market, By Component

10.4.9 Europe market by, End User

10.5 Smart Manufacturing Market – Asia Pacific

10.5.1 Overview

10.5.2 China

10.5.3 Japan

10.5.4 India

10.5.5 Rest of APAC

10.5.6 Asia Pacific Market, By Technology

10.5.7 Asia Pacific Market, By Component

10.5.8 Asia Pacific Market, By End User

10.6 Smart Manufacturing Market – LAMEA

10.6.1 Overview

10.6.2 Middle East & Africa (MEA)

10.6.3 Latin America

10.6.4 Rest Of World

10.6.5 Latin America, Middle East and Africa Market, By Technology

10.6.6 Latin America, Middle East and Africa Market, By Component

10.6.7 Latin America, Middle East and Africa Market, By End User

Chapter 11 Market Competition Analysis

11.1 Market Share/Positioning Analysis

11.1.1 Market Positioning of Key Vendors, 2019

11.1.2 Key Strategies Adopted by the Leading Players

11.1.3 Recent Developments

Chapter 12 Company Profiles- Snapshot

12.1 ABB

12.1.1 Business Fundamentals

12.1.2 Financial Snapshots

12.1.3 Product Portfolio

12.1.4 Recent Developments

12.2 Rockwell

12.3 Emerson Electric

12.4 Schneider

12.5 Siemens

12.6 IBM

12.7 General Electric

12.8 Honeywell

12.9 Texas Instruments Incorporated

12.10 Mitsubishi Electric Corporation

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13 Appendix

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