Global Smart Manufacturing Market– Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Dec 2018
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Smart Manufacturing Market, By Information Technology (Human Machine Interface, Enterprise Manufacturing Intelligence, Plant Asset Management, Manufacturing Execution System, Warehouse Management System, Industrial Communications), Enabling Technology (Industrial 3D Printing, Collaborative Robots, Industrial IoT, AI in Manufacturing, Machine Condition Monitoring, Industrial Machine Vision, Industrial Cybersecurity, Digital Twin, Automated Guided Vehicle), Industry (Process Industry, Discrete Industry), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

Market Analysis: Global Smart Manufacturing Market

The smart manufacturing market is expected to rise from its initial estimated value of USD 171.48 billion in 2018 to an estimated value of USD     417.07 by 2026, registering a CAGR of 11.75% in the forecast period of 2019-2026. This rise can be attributed due to the acceptance of automated machinery in manufacturing and a number of industries.

Market Definition: Global Smart Manufacturing Market

Smart manufacturing is a method of manufacturing which aims at optimizing the concept, product manufacturing and transaction process. Smart manufacturing involves the use of automation machinery  and the goal to be achieved through this process is the use of information technology to use it for the advantage of reaching a global market. This manufacturing decreases the workload and makes for more flexibility in the entire process.

Market Drivers:

  • High adoption of automated machinery in a number of manufacturing industries is expected to drive the market growth
  • Increasing amount of government investments currently taking place in support of smart manufacturing is also expected to drive the market growth

Market Restraints:

  • High initialization and operational, maintenance costs is expected to restrain the market growth
  • With constant innovation, and debugging in software, there is need for constant upgrades in software which hampers the manufacturing process thus acting as a market restraint

Segmentation: Global Smart Manufacturing Market

  • By Information Technology

    • Human Machine Interface
    • Enterprise Manufacturing Intelligence
    • Plant Asset Management
    • Manufacturing Execution System
    • Warehouse Management System
    • Industrial Communications

  • By Enabling Technology

    • Industrial 3D Printing
    • Collaborative Robots
    • Industrial Internet of Things (IoT)
    • Artificial Intelligence (AI) in Manufacturing
    • Machine Condition Monitoring
    • Industrial Machine Vision
    • Industrial Cybersecurity
    • Digital Twin
    • Automated Guided Vehicle

  • By Industry

    • Process Industry

      • Oil & Gas
      • Food & Beverages
      • Pharmaceuticals
      • Chemicals
      • Energy & Power
      • Metals & Mining
      • Pulp & Paper
      • Others

    • Discrete Industry

      • Automotive
      • Aerospace
      • Defense
      • Semiconductors & Electronics
      • Medical Devices
      • Machine Manufacturing
      • Others

  • By Geography

    • North America

      • US
      • Canada
      • Mexico

    • South America

      • Brazil
      • Argentina
      • Rest of South America

    • Europe

      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe

    • Asia-Pacific

      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific

    • Middle East and Africa

      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

Competitive Analysis: Global Smart Manufacturing Market

the global smart manufacturing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Smart Manufacturing Market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Smart Manufacturing Market

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

Research Methodology: Global Smart Manufacturing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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