smart manufacturing market
Information Technology

Global Smart Manufacturing Market Size, Drivers, Trends, Opportunities And Strategies – Includes Smart Manufacturing Market Report

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The increasing number of investments in industry 4.0 is expected to drive innovation in smart manufacturing manufacturing, driving the market during the forecast period.

 

The global smart manufacturing market is expected to grow from $316.29 billion in 2022 to $362.31 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The global smart manufacturing market size is expected to grow to $605.60 billion in 2027 at a CAGR of 13%.

 

Get A Free Sample On The Global Smart Manufacturing Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8574&type=smp

 

Global Smart Manufacturing Market Segments Include:

  • By Component: Hardware, Software, Services
  • By Technology: Machine Execution Systems (MES), Programmable Logic Controller (PLC), Enterprise Resource Planning (ERP), SCADA, Discrete Control Systems (DCS), Machine Vision, 3D Printing, Other Technologies
  • By End-User: Automotive, Aerospace and Defense, Chemicals and Materials, Healthcare, Industrial Equipment, Electronics, Food and Agriculture, Oil and Gas, Other End-Users
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global smart manufacturing market in 2021.

 

Major Market Players in the smart manufacturing market include Siemens AG, General Electric, Rockwell Automation, Schneider Electric, Honeywell International Inc., Emerson Electric, Fanuc, ABB Ltd., Amazon Web Services Inc.

 

Technological advancement is a key trend that is gaining traction in the smart manufacturing market. To maintain their market position, major companies in the smart manufacturing market are advancing in their new technologies and research and development. For example, in January 2021, Rockwell Automation, Inc., a US-based provider of industrial automation, introduced the QuickStick Intelligent Conveyor System, which helps to increase throughput while lowering total cost of ownership. It provides a faster, cleaner, and more effective alternative to pallet conveyor systems in the assembly and process automation markets.

 

The Smart Manufacturing Global Market Report 2023  provides a smart manufacturing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart manufacturing market forecast analyzes smart manufacturing market size, smart manufacturing market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

Smart manufacturing is a process that improves manufacturing efficiencies by using computer controls, modelling, big data, and other automation. It analyses machine and sensor data in order to improve operational efficiency and minimise downtime.

 

Explore Similar Reports From The Business Research Company:

IoT In Manufacturing (Focus On Machine Learning) Global Market Report 2023

Manufacturing Execution System Global Market Report 2023

Advanced Analytics Global Market Report 2023

 

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

 

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas
+1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:

Leave a Reply

Your email address will not be published. Required fields are marked *