Smart Manufacturing Market, By Technology, By Components, By End-use Industry, And By Region - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

Smart manufacturing is a process that uses advanced technology and data analytics to enhance the operational efficiency of manufacturing units. Its benefits include reduced downtime, increased productivity, and improved product quality. This technology has been applied in a variety of industries, including automotive, pharmaceuticals, and electronics.

IoT and cloud connectivity are important factors in achieving a smart manufacturing strategy. These technologies allow machines to communicate with each other and send alerts when problems occur. They also increase the quality of goods produced. Some devices may even be able to independently make decisions based on their own sensors and AI.

Market Dynamics:

As the demand for intelligent automation increases, the global smart manufacturing market is expected to grow rapidly. Several major players are focusing on expanding their customer base in the global market. They invest in research and development to develop advanced products. This in turn will boost the market growth.

However, rising costs, transportation capacity constraints, and inadequate supply chain scalability are some of the factors that will limit the market's growth in the coming years.

In July 2021, Rockwell Automation announced the acquisition of Plex Systems for USD 2.22 billion to expand its industrial cloud software offering. Plex Systems is a pure software-as-a-service, cloud-native smart manufacturing platform operating at scale

In March 2021, FANUC and Rockwell Automation formed a alliance to address the manufacturing skills gap with robotics and automation apprenticeship plans planned to upskill current and future workers for advanced manufacturing, robotics, and automation jobs. The alliance has established new apprenticeship agendas offering people openings to gain credentials, including fundamental robotics (Robot Operator) and automation (PLC Operator).

Key features of the study:

This report provides in-depth analysis of the global smart manufacturing market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global smart manufacturing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Yokogawa Electric Corporation, ABB Ltd., Texas Instruments Incorporated, Emerson Electric Company, Siemens AG, Fanuc Corp., Schneider Electric SE, General Electric Co., Rockwell Automation Inc., Honeywell International Inc., Robert Bosch GmbH, and Mitsubishi Electric Corporation.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global smart manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart manufacturing market

Detailed Segmentation:

Global Smart Manufacturing Market, By Technology
- Programmable Logic Controller (PLC)
- Supervisory Controller and Data Acquisition (SCADA)
- Enterprise Resource and Planning (ERP)
- Distributed Control System (DCS)
- Human Machine Interface (HMI)
- Product Lifecycle Management (PLM)
- Manufacturing Execution System (MES)
- Other Technologies
Global Smart Manufacturing Market, By Components
- Communication Segment
- Control Device
- Machine Vision Systems
- Robotics
- Sensor
- Other Components
Global Smart Manufacturing Market, By End-use Industry
- Automotive
- Semiconductors
- Mining
- Oil & Gas
- Chemicals & Petrochemicals
- Pharmaceuticals
- Aerospace & Defense
- Food & Beverages
- Other End-user Industries
Global Smart Manufacturing Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- ABB Ltd
- Emerson Electric Company
- Fanuc Corp.
- General Electric Co.
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Texas Instruments Incorporated
- Yokogawa Electric Corporation

Product Code: CMI5566

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Technology
- Market Snapshot, By Components
- Market Snapshot, By End-User Industry
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Rise in demand for automation
Growing requirement for compliance and government support for digitization
- Restraints
Data security related concerns
High cost of installation
- Opportunities
Industrial revolution in manufacturing industries
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Smart Manufacturing Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Smart Manufacturing Market , By Technology, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Programmable Logic Controller (PLC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Supervisory Controller and Data Acquisition (SCADA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Enterprise Resource and Planning (ERP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Distributed Control System (DCS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Human Machine Interface (HMI)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Product Lifecycle Management (PLM)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Manufacturing Execution System (MES)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Other Technologies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)

6. Global Smart Manufacturing Market , By Components, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Communication Segment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Control Device
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Machine Vision Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Robotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Sensor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Other Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)

7. Global Smart Manufacturing Market , By End-User Industry, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Semiconductors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Chemicals & Petrochemicals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Aerospace & Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Other End-user Industries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)

8. Global Smart Manufacturing Market , By Region, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2017-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Rest of World
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)

9. Competitive Landscape

ABB Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Emerson Electric Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Fanuc Corp.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
General Electric Co.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Honeywell International Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Mitsubishi Electric Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Robert Bosch GmbH
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Rockwell Automation Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Schneider Electric SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Siemens AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

10. Section

Research Methodology
About us

Smart Manufacturing Market, By Technology, By Components, By End-use Industry, And By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030