Press release
Smart Manufacturing Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2027
The Smart Manufacturing Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Smart Manufacturing market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Smart Manufacturing market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Smart Manufacturing market.The global smart manufacturing market was valued at USD 194.63 billion in 2020 and is expected to reach USD 314.39 billion by 2026 and grow at a CAGR of 8.4% over the forecast period (2021-2026).
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Top Leading Companies of Smart Manufacturing Market are - ABB Ltd, Emerson Electric Company, Fanuc Corp., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Texas Instruments Incorporated, Yokogawa Electric Corporation and others.
Industry News and Updates:
- July 2020 - ABB opened a new robotics facility to support the digital transformation of manufacturing in India. The facility is expected to offer Indian customers the benefits of Industry 4.0, including robotics and digitalization technologies, to help India become a resilient high-tech manufacturing economy in the world.
- July 2020 - Vivo inaugurated its new smart manufacturing plant in China. The plant is located in Changan Town, China, and will produce 70 million units every year. Vivo's new smart manufacturing plant plays a big part in its efforts to be a wholly self-developed and self-produced smartphone vendor.
Key Market Trends:
Automotive Industry is Expected to Drive the Market Growth
- The prime concern of the automotive industry is the length of a project. Hence, quick return-on-investment projects combined with low-cost automation and cost innovation help manufacturers improve competitiveness through productivity improvement.
- Value streams are expected to become more agile through adaptive manufacturing and extensive utilization of 3D-printing. These value streams are expected to become more software-based.
- Also, automotive manufacturing is getting impetus from smart technologies, Industry 4.0, and IoT. For instance, discrete manufacturing is the manufacturing or production of distinct parts that can be individually touched and counted. The parts are mainly related to assembly lines. Discrete manufacturing includes products, such as cars, automotive parts, etc. that are getting increasingly connected.
China Occupies Maximum Market Share
- China's manufacturing industry has retained higher growth over the past decade and has become the largest manufacturing country globally. In several industries, including steel, most of the global production comes from China. Manufacturing is one of China's prominent features, and it is undergoing a rapid transformation. This large-scale transformation has aided the country in being a leading nation in the manufacturing market, globally.
- According to the National Development and Reform Commission (NDRC), China's investment in the high-tech manufacturing industry expanded in the first eight months of 2019. From January 2019 to August 2019, the investment grew 12% year on year, quickening 0.9% points from that in the January-July period.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Smart Manufacturing Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Smart Manufacturing Market (%),2016 - 2026
- Smart Manufacturing Market Share, By Brand
- Smart Manufacturing Market Share, By Company
- Smart Manufacturing Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Smart Manufacturing Market Value Analysis & Forecast
- Promising Smart Manufacturing Development by Major Companies
- Detailed Smart Manufacturing Portfolio of the Major Companies
- Major Deals in the Smart Manufacturing Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082591770/smart-manufacturing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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