Press release
Smart Manufacturing Market Estimated to Flourish at by 2024
Smart manufacturing is an enhanced process of production with the objective of optimizing concept generation, product transaction, and manufacturing. It refers to a merger of operation technology and information technology which work together within an integrated process, in real time scenario. The whole technique implied is usually constituted of capturing data, simulation and modeling, analysis of big data, controlling and planning, and cloud computing.
Report overview @ https://www.xploremr.com/report/1568/smart-manufacturing-market
Global Smart Manufacturing Market: Trends and Opportunities
The strong growth in the industrial internet of things technology market is driving the growth of the smart manufacturing market. Furthermore, growing adoption of analytics tools is acting as one of the major drivers of the smart manufacturing market globally.
Increase in smart manufacturing is due to increasing access to the Internet and growing focus on cost reduction and commercial process efficiency. In addition, fall in the cost of important components and advancement in technology are supporting the market currently.
Mass scale technical progress across different domains has led the organizations to adopt innovative technologies, and gather competitive edge over their competitors. Smart manufacturing systems help to reduce redundant system costs effectively, while ensuring that producers achieve cost efficient manufacturing plans.
Several developed economies have experienced mass scale adoption of the machine-to-machine communication and internet of things technologies in the industrial sector. These technologies have importantly staged a key driver impacting the growth in the global smart manufacturing market.
Global Smart Manufacturing Market: Segmentation
On the basis of various technology types, the smart manufacturing market is segmented into programmable logic controller (PLC), manufacturing execution system (MES), distributed control system (DCS), enterprise resource planning (ERP), human machine interface (HMI), supervisory controller and data acquisition (SCADA), machine vision (MV), and other technologies.
In the technologies segment, the enterprise resource and planning segment constituted the biggest market share, followed by the manufacturing execution system segment, in 2015. Enterprise resource and planning is largely used in automation, oil & gas, fishing, retail, media and entertainment, and military. Therefore, the segment generates the largest revenue among all the segments in the smart manufacturing market. In addition, it is ideal for producing digital services.
Manufacturing execution system follows enterprise resource planning, and is one of the most widely used smart manufacturing technology to assimilate production operations across several layers comprising maintenance. MES can be particularly significant in structured industries such as food and beverage, and can document and track the evolution of raw materials into finished goods.
Request to sample report @ https://www.xploremr.com/connectus/sample/1568
Based on end-user industries, the smart manufacturing market is segmented into automotive, food and beverage, aerospace and defense, consumer electronics, energy, and other industries. Rapid growth in demand for connected devices is one of the major factors that are driving the demand for smart manufacturing end-user industries, globally.
Automotive and consumer electronics smart manufacturing provide their own resources such as warehouse operators among others. Smart manufacturing in the energy sector has been witnessing an astounding speed of consolidation, due to giant industrial conglomerates taking over smaller organizations rapidly.
Global Smart Manufacturing Market: Regional Outlook
In terms of regions, the smart manufacturing market has been segregated into five geographical zones: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. Currently, Asia Pacific held the major share of the market, followed by North America, Europe, Middle East and Africa, and Latin America. The Asia Pacific region is anticipated to grow swiftly with rise in trade with North America and Europe. Regional players are focused on partnerships with players in regions such as Africa.
Key Players Mentioned in the Report
Key players profiled in this report are Honeywell International, Inc. (United States), Siemens AG (Germany), Johnson Controls, Inc. (Ireland), ABB Ltd. (Switzerland), Emerson Electric Company (United States), General Electric Company (United States), Rockwell Automation (Germany), Schneider Electric (France), Fanuc Corp. (Japan), Atos SE (Germany).
The segments covered in the Smart Manufacturing market are as follows:
Global Smart Manufacturing Market: By Technology Type
Manufacturing Execution System (MES)
Programmable Logic Controller (PLC)
Supervisory Controller And Data Acquisition (SCADA)
Distributed Control System (DCS)
Enterprise Resource Planning (ERP)
Human Machine Interface (HMI)
Machine Vision
Other Technologies
Global Smart Manufacturing Market: By End-User Type
Automotive
Food and Beverage
Pharmaceuticals
Aerospace and Defense
Consumer Electronics
Energy
Other Industries
Global Smart Manufacturing Market: By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
Latin America
Brazil
Argentina
Rest of Latin America
Buy Now Full Report @ https://www.xploremr.com/cart/reports/buynow/1568
About Us
XploreMR is one of the world’s leading resellers of high-quality market research reports. We feature in-depth reports from some of the world’s most reputed market research companies and international organizations. We serve across a broad spectrum – from Fortune 500 to small and medium businesses. Our clients trust us for our unwavering focus onquality and affordability. We believe high price should not be a bottleneck for organizations looking to gain access to quality information.
Contact Us
XploreMR
111 North Market Street, Suite 300
San Jose, CA 95113, United States
Tel: +1-669-284-0108
Email: sales@xploremr.com
Website: https://www.xploremr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Manufacturing Market Estimated to Flourish at by 2024 here
News-ID: 1127775 • Views: …
More Releases from Xplore Market Research
Anti-counterfeit Pharmaceutical Packaging Market Pegged for Robust Expansion Dur …
This report by Future Market Insights on the global anti-counterfeit pharmaceutical packaging market for the period 2016–2026 presents an outlook of the market across the globe. The primary objective of the report is to offer updates on market opportunities in the global anti-counterfeit pharmaceutical packaging market.
Report overview @ https://www.xploremr.com/report/1028/anti-counterfeit-pharmaceutical-packaging-market
The report is categorically divided into three sections namely, by usage features, by technology and by region, to understand and offer…
Pallets Market to Reflect Impressive Growth Rate During 2024
Persistence Market Research analyzes the India Pallets market over an eight year period from 2016 to 2024. The study demonstrates market dynamics and trends across regions that are expected to influence the current status and future prospects of the India Pallets market over the forecast period (2016 - 2024).
Report overview @ https://www.xploremr.com/report/977/india-pallets-market
The primary objective of the report is to offer information on market drivers, restraints, trends, opportunities, and value…
Water Softening Systems Market Set to Witness an Uptick during 2015 to 2025
This report by XploreMR on the ‘Global Water Softening Systems Market’ for the period 2015 - 2025 presents an outlook of the water softening systems market across the globe. The primary objective of the report is to offer updates on the market opportunities in the global water softening systems market.
Report overview @ https://www.xploremr.com/report/920/water-softening-systems-market
The report provides value (US$ Mn) and volume (units) analysis of the global water softening systems market across…
Military Defense Vehicle Intercom System Market to Witness Increase in Revenues …
Fact.MR Report examines global Military Defense Vehicle Intercom System for the forecast period 2017–2027. The prime purpose of the report is to find opportunities and trends in the market and provide insights pertaining to segments of the military defense vehicle intercom systems market.
To understand trends and opportunities in military defense vehicle intercom system market, the report is divided into various segments on the basis of intercom type, transmission power type,…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
