Smart Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published: November 10, 2021 |

IMARC Services Private Limited | 146 Pages | Delivery time: 2-3 business days

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The global smart manufacturing market exhibited strong growth during 2015-2020. Smart manufacturing (SM) is a technology-driven approach that relies on internet-connected machinery for monitoring the production process. It also identifies opportunities for automating operations and using data analytics to improve the overall manufacturing performance. SM solutions help manufacturing engineers and data analysts identify failures in specific parts and undertake preventive maintenance to avoid unplanned downtime on devices. As a result, these solutions find extensive application in the manufacturing, automotive, and defense and aerospace industries around the world.

Significant growth in the manufacturing sector on account of automation and digitization represents one of the key factors favorably impacting the market. Besides this, a considerable rise in the demand for knowledge-based manufacturing and connected supply chains that are equipped with sensing, advanced control, modeling, and simulation capabilities is also contributing to the market growth. Apart from this, SM solutions offer a wide range of benefits, such as dynamic production and real-time optimization. These solutions also reduce accidents, cycle times, and maintenance costs. In line with this, the growing concerns about uncertainties in the supply of raw materials and energy, intense competition and rising operational costs have resulted in the increasing investment in SM solutions to boost the productivity and efficiency of enterprises. Furthermore, the increasing adoption of cloud platforms and the Internet of Things (IoT), coupled with the rapid industrial growth in emerging economies, is anticipated to create lucrative opportunities for market players across the globe. Looking forward, IMARC Group expects the global smart manufacturing market to grow at a CAGR of 12.3% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart manufacturing market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, technology and end use.

Breakup by Component:

Hardware
Software
Services

Breakup by Technology:

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

Breakup by End Use:

Automotive
Aerospace and Defense
Chemicals and Materials
Healthcare
Industrial Equipment
Electronics
Food and Agriculture
Oil and Gas
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3D Systems Inc., ABB Ltd., Emerson Electric Co., Fanuc Corporation, General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corporation.

Key Questions Answered in This Report:

How has the global smart manufacturing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart manufacturing market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart manufacturing market and who are the key players?
What is the degree of competition in the industry?

Product Code: SR1020G218_Report

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Smart Manufacturing Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Component

6.1 Hardware
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
6.3 Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast

7 Market Breakup by Technology

7.1 Machine Execution Systems
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
7.2 Programmable Logic Controller
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
7.3 Enterprise Resource Planning
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
7.4 SCADA
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
7.5 Discrete Control Systems
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
7.6 Human Machine Interface
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
7.7 Machine Vision
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
7.8 3D Printing
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
7.9 Product Lifecycle Management
- 7.9.1 Market Trends
- 7.9.2 Market Forecast
7.10 Plant Asset Management
- 7.10.1 Market Trends
- 7.10.2 Market Forecast

8 Market Breakup by End Use

8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
8.2 Aerospace and Defense
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
8.3 Chemicals and Materials
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
8.4 Healthcare
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
8.5 Industrial Equipment
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
8.6 Electronics
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
8.7 Food and Agriculture
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
8.8 Oil and Gas
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
8.9 Others
- 8.9.1 Market Trends
- 8.9.2 Market Forecast

9 Market Breakup by Region

9.1 North America
- 9.1.1 United States
  - 9.1.1.1 Market Trends
  - 9.1.1.2 Market Forecast
- 9.1.2 Canada
  - 9.1.2.1 Market Trends
  - 9.1.2.2 Market Forecast
9.2 Asia-Pacific
- 9.2.1 China
  - 9.2.1.1 Market Trends
  - 9.2.1.2 Market Forecast
- 9.2.2 Japan
  - 9.2.2.1 Market Trends
  - 9.2.2.2 Market Forecast
- 9.2.3 India
  - 9.2.3.1 Market Trends
  - 9.2.3.2 Market Forecast
- 9.2.4 South Korea
  - 9.2.4.1 Market Trends
  - 9.2.4.2 Market Forecast
- 9.2.5 Australia
  - 9.2.5.1 Market Trends
  - 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
  - 9.2.6.1 Market Trends
  - 9.2.6.2 Market Forecast
- 9.2.7 Others
  - 9.2.7.1 Market Trends
  - 9.2.7.2 Market Forecast
9.3 Europe
- 9.3.1 Germany
  - 9.3.1.1 Market Trends
  - 9.3.1.2 Market Forecast
- 9.3.2 France
  - 9.3.2.1 Market Trends
  - 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
  - 9.3.3.1 Market Trends
  - 9.3.3.2 Market Forecast
- 9.3.4 Italy
  - 9.3.4.1 Market Trends
  - 9.3.4.2 Market Forecast
- 9.3.5 Spain
  - 9.3.5.1 Market Trends
  - 9.3.5.2 Market Forecast
- 9.3.6 Russia
  - 9.3.6.1 Market Trends
  - 9.3.6.2 Market Forecast
- 9.3.7 Others
  - 9.3.7.1 Market Trends
  - 9.3.7.2 Market Forecast
9.4 Latin America
- 9.4.1 Brazil
  - 9.4.1.1 Market Trends
  - 9.4.1.2 Market Forecast
- 9.4.2 Mexico
  - 9.4.2.1 Market Trends
  - 9.4.2.2 Market Forecast
- 9.4.3 Others
  - 9.4.3.1 Market Trends
  - 9.4.3.2 Market Forecast
9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast

10 SWOT Analysis

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
- 14.3.1 3D Systems Inc.
  - 14.3.1.1 Company Overview
  - 14.3.1.2 Product Portfolio
  - 14.3.1.3 Financials
  - 14.3.1.4 SWOT Analysis
- 14.3.2 ABB Ltd.
  - 14.3.2.1 Company Overview
  - 14.3.2.2 Product Portfolio
  - 14.3.2.3 Financials
  - 14.3.2.4 SWOT Analysis
- 14.3.3 Emerson Electric Co.
  - 14.3.3.1 Company Overview
  - 14.3.3.2 Product Portfolio
  - 14.3.3.3 Financials
  - 14.3.3.4 SWOT Analysis
- 14.3.4 Fanuc Corporation
  - 14.3.4.1 Company Overview
  - 14.3.4.2 Product Portfolio
  - 14.3.4.3 Financials
  - 14.3.4.4 SWOT Analysis
- 14.3.5 General Electric Company
  - 14.3.5.1 Company Overview
  - 14.3.5.2 Product Portfolio
  - 14.3.5.3 Financials
  - 14.3.5.4 SWOT Analysis
- 14.3.6 Honeywell International Inc.
  - 14.3.6.1 Company Overview
  - 14.3.6.2 Product Portfolio
  - 14.3.6.3 Financials
  - 14.3.6.4 SWOT Analysis
- 14.3.7 Mitsubishi Electric Corporation
  - 14.3.7.1 Company Overview
  - 14.3.7.2 Product Portfolio
  - 14.3.7.3 Financials
  - 14.3.7.4 SWOT Analysis
- 14.3.8 Robert Bosch GmbH
  - 14.3.8.1 Company Overview
  - 14.3.8.2 Product Portfolio
  - 14.3.8.3 SWOT Analysis
- 14.3.9 Rockwell Automation Inc.
  - 14.3.9.1 Company Overview
  - 14.3.9.2 Product Portfolio
  - 14.3.9.3 Financials
  - 14.3.9.4 SWOT Analysis
- 14.3.10 Schneider Electric SE
  - 14.3.10.1 Company Overview
  - 14.3.10.2 Product Portfolio
  - 14.3.10.3 Financials
  - 14.3.10.4 SWOT Analysis
- 14.3.11 Siemens AG
  - 14.3.11.1 Company Overview
  - 14.3.11.2 Product Portfolio
  - 14.3.11.3 Financials
  - 14.3.11.4 SWOT Analysis
- 14.3.12 Yokogawa Electric Corporation
  - 14.3.12.1 Company Overview
  - 14.3.12.2 Product Portfolio
  - 14.3.12.3 Financials
  - 14.3.12.4 SWOT Analysis