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Smart Manufacturing Market to Witness Huge Growth by Key Players: 3D Systems, ABB, Cisco, Emerson, General Electric, Honeywell, IBM, Oracle, Rockwell, Yokogawa and Others.

04-09-2020 11:16 AM CET | IT, New Media & Software

Press release from: ReportsandReports

Smart Manufacturing Market to Witness Huge Growth by Key

According to Market Study Report, Smart Manufacturing Market provides a comprehensive analysis of the Smart Manufacturing Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Smart Manufacturing Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Smart Manufacturing Market is expected to be worth USD 214.7 Billion by2020 and USD 384.8 Billion by 2025, growing at a CAGR of 12.4% from 2020 to 2025. This report spread across 253 pages, profiling 14 companies and supported with 71 tables and 64 figures are now available in this research.

Top Companies profiled in the Smart Manufacturing Market:
o 3D Systems (US)
o ABB (Switzerland)
o Cisco (US)
o Emerson (US)
o General Electric (US)
o Honeywell (US)
o IBM (US)
o Oracle (US)
o Rockwell (US)
o AP (Germany)
o Schneider (France)
o Siesmens (Germany)
o Yokogawa (Japan)

"Market for AI in Manufacturing is expected to grow at highest CAGR among enabling technologies from 2020 to 2025"
The AI in manufacturing market is expected to grow at the highest CAGR from 2020 to 2025.AI in manufacturing is used to communicate with machines, extract data from the field, analyze that data, and perform required tasks.From material movement to machinery inspection and self-diagnostics, which are usually performed by human labor or robots with the help of human intelligence, manufacturing operations can be performed in lesser time and cost and without human intervention with AI-based systems.

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"Market for enterprise manufacturing intelligence is expected to grow at highest CAGR among information technologies from 2020 to 2025"
In the process industry, manufacturers aim for the consistency, efficiency, and quality of process inputs to achieve the highest yield. EMI software assists these manufacturers to optimize their manufacturing processes in real-time and help drive greater yields and ensure product quality consistently. Individual or separate production units often characterize discrete industries, wherein produce is in low volume with very high complexity or in high volume with low complexity.

"APAC to continue to hold largest share of global smart manufacturing market during forecast period"
APAC is expected to continue to hold the largest share of the smart manufacturing market from 2020to 2025.Rapid industrialization in APAC has boosted the manufacturing sector in APAC. Countries in APAC have the presence of a large number of small- and mid-sized enterprises (SMEs), which employ more than 70% of the total population in the countries.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 = 39%, Tier 2= 41%, and Tier 3 = 20%
o By Designation: C-Level Executives = 42%, Directors = 36%, and Others = 22%
o By Region: North America = 34%, Europe= 24%, APAC = 22%, and RoW = 20%

Competitive Landscape of Smart Manufacturing Market:
1 Overview
2 Market Ranking Analysis: Plant Asset Management Market
3 Competitive Leadership Mapping, 2019
3.1 Visionaries
3.2 Innovators
3.3 Dynamic Differentiators
3.4 Emerging Companies
4 Strength Of Product Portfolio
5 Business Strategy Excellence
6 Competitive Situations And Trends
6.1 Contracts, Agreements, Collaborations, Expansions, And Partnerships
6.2 Product Launches And Developments
6.3 Acquisitions

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Research Coverage:
The research report analyzes the smart manufacturing market based on information technology, enabling technology, industry, and geography. Based on information technology, the smart manufacturing market has been classified into human-machine interface (HMI), enterprise manufacturing intelligence (EMI), plant asset management (PAM), industrial communication, warehouse management system (WMS), and manufacturing execution system (MES).

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