Press release
301.1 Billion Smart Manufacturing Market Size by 2025- Valuates Report
SMART MANUFACTURING MARKET OVERVIEW: 2025In 2018, the global Smart Manufacturing market size was 155700 million US$ and it is expected to reach 301100 million US$ by the end of 2025, with a CAGR of 9.9% during 2019-2025.
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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, Cyber 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 digitization 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.
This report focuses on the global Smart Manufacturing status, future forecast, growth opportunity, key market and key players. The study objectives are to present Smart Manufacturing development in the United States, Europe and China.
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THE KEY PLAYERS COVERED IN THIS STUDY
GE
ABB
Siemens
SAP
Schneider
Emerson
Oracle
IBM
Honeywell
Cisco
Rockwell
Yokogawa
Fanuc
NVIDIA
Keyence
Cognex
Stratatys
3D Systems
Daifuku
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
Automotive
Aerospace & Defense
Chemicals & Materials
Healthcare
Industrial Equipment
Electronics
Oil & Gas
Others
MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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