Smart Manufacturing Market Trends, Revenue, Share Analysis & Forecast Till 2027

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Market Size – USD 200.98 billion in 2019, Market Growth - CAGR of 12.3%, Market Trends – Implementation of Industrial IoT in manufacturing

The global Smart Manufacturing Market will be worth USD 484.97 Billion by 2027, according to a current analysis by Emergen Research. 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.

The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators.  The report delivers a deep understanding of the key aspects of the Smart Manufacturing market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.

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Competitive Outlook: The leading companies operating in the Smart Manufacturing market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Smart Manufacturing Market and Profiled in the Report are:

IBM, ABB, General Electric, Siemens, Rockwell Automation, Honeywell International, Schneider Electric, Mitsubishi Electric, Emerson Electric, Cisco

Objectives of the Report:

Competitive landscape benchmarking

Analysis of Smart Manufacturing market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Study of the global Smart Manufacturing market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Smart Manufacturing market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Smart Manufacturing market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

 

  • Information Technology Outlook (Volume: Kilo Tons) (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 (Volume: Kilo Tons) (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 (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

    • Energy Power
    • Aerospace Defense
    • Pharmaceuticals
    • Automotive
    • Food Beverage
    • Semiconductor electronics
    • Oil Gas
    • Chemicals
    • Others

Regional Analysis:

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)

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