Global Smart Manufacturing market was 155700 million US$ in 2018 and will reach 301100 million US$ by the end of 2025 and is Expected to Grow at a CAGR of 9.9% Between 2019-2025 By Valuates Reports
Smart manufacturing is a combination of various technologies and solutions which collectively, if implemented in a manufacturing ecosystem.
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Key Trends :
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.
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Market segment by Type, the product can be split into
Manufacturing IT (MES, ERP, PLM, APC, EAM, etc.)
Automation Control System (DCS, PLC, HMI, SCADA, FCS, etc.)
Instrumentation & Field Devices (Sensors, Actuators, Drives, Valves, etc.)
Market segment by Application, split into
Aerospace & Defense
Chemicals & Materials
Oil & Gas
Market segment by Regions/Countries, this report covers
Central & South America
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