Smart Manufacturing Market – Industry Analysis, Size and Forecast, 2018-2025

The global smart manufacturing market size was estimated at USD XXXXX billion during 2016 and might grow to USD XXXX billion by 2025, with a CAGR of XXX% in forecast period of 2018-2025. The increased demand of larger production efficiency and getting visibility over the entire value chain are the factors the market growth.

There are many challenges faced by manufacturing sector like intense competition, irregular amount of raw material and energy with growing operational cost. These challenges have led to manufacturers finding for cost-effective methods like manufacturing agile, fast, effective and great product quality. With use of smart manufacturing some of these issues can be resolved by providing actual optimization and increased production.

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Global smart manufacturing market consist of many technologies, like, Product Lifecycle Management (PLM), Manufacturing Execution Systems (MES), 3D printing and so on. Few of the technologies are popular since quite many years and some have gain popularity in last few times. 3D printing technology market is probable to observe the maximum growth as indicated in a study of Smart manufacturing market trend. This is due to 3D printing being adopted by users in various agile product repetitions and design process.

The Manufacturing Execution System (MES) segment contributes the largest revenue share in global smart manufacturing market. MES is in popular, as it helps in streamlining workflows and minimizing the lead times. Growing demand for automation in industries along with the increased significance of legal and regulatory compliance are helping the growth of global smart manufacturing market size.

Smart manufacturing market trend study indicates growth in Industrial Internet of Things (IoT), as it gives the complete operational visibility by providing complete operational visibility. Use of smart manufacturing infrastructure, based on IoT technique has helped companies to control the business and manufacturing processes, and at the same time maintain knowledge. The government supports various initiatives, lowering of the interest rates, increased trade agreements with other nations, investment in new technologies and providing skill-training programs.

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Global smart manufacturing market size is growing owing to its features that help organizations with increased productivity, improved safety and more flexibility. Automotive, aerospace and defense industries are upcoming sectors for smart manufacturing solution providers. In November 2017, Schneider Electric launched a programmable logic control (PLC) systems leading effective reduction of machine downtime. With reduction of machine downtime, efficiency and production quantity improved. Market

Global smart manufacturing market is segmented on the basis of Component, Technology, End-User and region. Based on component it is segmented as Hardware, Software and Services. Segmentation on basis of Technology are Machine Execution Systems, Enterprise Resource Planning, Programmable Logic Controller, SCADA, Discrete Control Systems, 3D Printing, Human Machine Interface, Machine Vision, Product Lifecycle Management and Plant Asset Management. End user segmentation is based on Automotive, Chemicals & Materials, Aerospace & Defense, Healthcare, Food & Agriculture, Industrial Equipment, Electronics and many others. Based on region it is segmented as North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.

Key Players of Global smart manufacturing market are Siemens, General Electric, Rockwell Automation, Schneider, Honeywell International Inc., Emerson Electric, Fanuc and many others.

Segmentation

The various segments of Global smart manufacturing market are,

By Component Scope:

Hardware
Software
Services
By Technology Scope

Machine Execution Systems
Programmable Logic Controller
Enterprise Resource Planning
SCADA
Discrete Control Systems
Human Machine Interface
Machine Vision
3D Printing
Product Lifecycle Management
Plant Asset Management
By End-use Scope

Automotive
Aerospace & Defense
Chemicals & Materials
Healthcare
Industrial Equipment
Electronics
Food & Agriculture
Oil & Gas
Others
By Regional Scope (Revenue, USD Billion; 2014 – 2025)

North America
Europe
Asia Pacific
Latin America
MEA
What to expect from the upcoming report on Global smart manufacturing market:

– Future prospects and current trends of the Global smart manufacturing market by the end of forecast period of 2018-2025.

– Information regarding technological progressions as well as innovations across the world

– Supportive initiatives by government likely to influence the market dynamics.

– In-depth analysis of different market segmentations including regional segmentations, applications and types.

– Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.

– Trends, drivers, opportunities, restraints, challenges and key developments in the market

Who should buy this report?

Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

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Who should buy this report?

Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

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