Press release
Smart Manufacturing Market 2019 by 3D Systems, ABB, Cisco, Daifuku, Cognex Corporation, Google, Intel, Keyence, NVIDIA Corporation, PTC, SAMSUNG, Sony Corporation, Universal Robots, Emerson Electric, GENERAL ELECTRIC, Honeywell, IBM, Oracle
Smart Manufacturing Market
The smart manufacturing market is expected to rise from its initial estimated value of USD 171.48 billion in 2018 to an estimated value of USD 417.07 by 2026, registering a CAGR of 11.75% in the forecast period of 2019-2026. This rise can be attributed due to the acceptance of automated machinery in manufacturing and a number of industries.
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Market Definition:
Smart manufacturing is a method of manufacturing which aims at optimizing the concept, product manufacturing and transaction process. Smart manufacturing involves the use of automation machinery and the goal to be achieved through this process is the use of information technology to use it for the advantage of reaching a global market. This manufacturing decreases the workload and makes for more flexibility in the entire process.
Top Comapnies:
Universal Robots, Emerson Electric Co., GENERAL ELECTRIC, Honeywell International Inc., IBM Corporation, Oracle, Rockwell Automation Inc., SAP SE, Schneider Electric, Siemens AG, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, FANUC CORPORATION, Texas Instruments Incorporated, and Robert Bosch GmbH.
Market Restraints:
• High initialization and operational, maintenance costs is expected to restrain the market growth
• With constant innovation, and debugging in software, there is need for constant upgrades in software which hampers the manufacturing process thus acting as a market restraint
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Segmentation:
By Information Technology
• Human Machine Interface
• Enterprise Manufacturing Intelligence
• Plant Asset Management
• Manufacturing Execution System
• Warehouse Management System
• Industrial Communications
By Enabling Technology
• Industrial 3D Printing
• Collaborative Robots
• Industrial Internet of Things (IoT)
• Artificial Intelligence (AI) in Manufacturing
• Machine Condition Monitoring
• Industrial Machine Vision
• Industrial Cybersecurity
• Digital Twin
• Automated Guided Vehicle
By Industry
o Process Industry
1. Oil & Gas
2. Food & Beverages
3. Pharmaceuticals
4. Chemicals
5. Energy & Power
6. Metals & Mining
7. Pulp & Paper
8. Others
o Discrete Industry
1. Automotive
2. Aerospace
3. Defense
4. Semiconductors & Electronics
5. Medical Devices
6. Machine Manufacturing
7. Others
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Sopan Gedam
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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