Smart Manufacturing Market Size – USD 200.98 billion in 2019, Market Growth – CAGR of 12.3%, Market Trends – Implementation of Industrial IoT in manufacturing
The latest report on the Smart Manufacturing market offers detailed information about the industry based on the total revenue generated for the forecast period, 2020 – 2027. The comprehensive study performs an in-depth analysis of the Smart Manufacturing industry and lays immense emphasis on the major driving forces and restraints expected to govern the overall business for the forecast period, 2020 – 2027. Most importantly, researchers assessing the business environment take a closer look at the past and present trends as well as the future prospect to offer business owners, stakeholders and field marketing executives an intellectual understanding of the winning strategies.
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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.
Key participants include IBM, ABB, General Electric, Siemens, Rockwell Automation, Honeywell International, Schneider Electric, Mitsubishi Electric, Emerson Electric, and Cisco, among others.
The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Smart Manufacturing market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Smart Manufacturing market.
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Information Technology Outlook (Revenue, USD Billion; 2017-2027)
Manufacturing Execution System
Warehouse Management System
Plant Asset Management
Enterprise Manufacturing Intelligence
Product lifecycle Management
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.
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
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