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Smart Manufacturing Market to Witness Robust Expansion by 2024– Top Key players like GE,ABB,Siemens,Inc.
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Smart manufacturing is a combination of various technologies and solutions which collectively, if implemented in a manufacturing ecosystem. These technologies and solutions are called “enablers”, which help in optimizing the entire manufacturing process and thus increase overall profits. Some of the prominent enablers in the current market scenario include: Artificial intelligence, Blockchain in manufacturing, Industrial internet of things, Robotics, Condition monitoring, Cvber security and more.
Automotive and aerospace & defense industries are the leading growth avenues for smart manufacturing solution providers with industries such as oil and gas and industrial equipment manufacturing rapidly scaling their digitalization efforts. With the proliferation of 3D printing, simulation, and modeling in manufacturing and design, these industries are expected to continue to maintain a significant growth rate over the forecast period. Though numerous solutions are available in the market, digital twin and real-time analytics are anticipated to spearhead the penetration of digitalization in these industries.
According to this study, over the next five years the Smart Manufacturing market will register a 9.6% CAGR in terms of revenue, the global market size will reach US$ 245700 million by 2024, from US$ 155700 million in 2019. In particular, this report presents the global revenue market share of key companies in Smart Manufacturing business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
GE
ABB
Siemens
SAP
Schneider
Emerson
Oracle
IBM
Honeywell
Cisco
Rockwell
Yokogawa
Fanuc
NVIDIA
Keyence
Cognex
Stratatys
3D Systems
Daifuku
Market Segment by Type, covers
Manufacturing IT (MES, ERP, PLM, APC, EAM, etc.)
Automation Control System (DCS, PLC, HMI, SCADA, FCS, etc.)
Market Segment by Applications, can be divided into
Automotive
Aerospace & Defense
Chemicals & Materials
Healthcare
Industrial Equipment
Electronics
Oil & Gas
Others
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https://www.marketresearchreportstore.com/reports/355422/global-smart-manufacturing-market-status-outlook
Related Information:
North America Smart Manufacturing Market Growth 2019-2024
United States Smart Manufacturing Market Growth 2019-2024
Asia-Pacific Smart Manufacturing Market Growth 2019-2024
Europe Smart Manufacturing Market Growth 2019-2024
EMEA Smart Manufacturing Market Growth 2019-2024
Global Smart Manufacturing Market Growth 2019-2024
China Smart Manufacturing Market Growth 2019-2024
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