Press release
Smart Manufacturing Market Industry Analysis, Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2028
The global smart manufacturing market is set to gain traction from the increasing adoption of industrial IoT and industry 4.0. These are capable of lowering expenses and enhancing production by swiftly connecting customers with systems, warehouses, and providers for product distribution. For instance, GSMA Intelligence mentioned in a survey that by 2025, industrial IoT connections are estimated to reach up to 13.8 billion units across the globe. This information is published by Fortune Business Insights™ in a report, titled, "Smart Manufacturing Market, 2021-2028." As per the report, the market size was USD 225.73 billion in 2020. It is projected to grow from USD 249.46 billion in 2021 to USD 576.21 billion in 2028 at a CAGR of 12.7% in the forecast period.
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Companies Profiled in the Global Smart Manufacturing Market:
ABB Ltd. (Zürich, Switzerland)
Siemens AG (Munich, Germany)
General Electric (Massachusetts, U.S.)
Mitsubishi Electric Corporation (Tokyo, Japan)
Robert Bosch GmBH (Gerlingen, Germany)
Rockwell Automation Inc. (Wisconsin, U.S.)
Schneider Electric (Rueil-Malmaison, France)
Honeywell International Inc. (North Carolina, U.S.)
Emerson Electric Co. (Missouri, U.S.)
Fanuc Corporation (Yamanashi, Japan)
Yokogawa Electric Corporation (Tokyo, Japan)
Telefonaktiebolaget LM Ericsson (Stockholm, Sweden)
Drivers & Restraints
Urgent Need to Develop Robust Positions to Drive Growth
The increasing demand for IoT and industry 4.0-enabled technologies is set to accelerate the smart manufacturing market growth in the upcoming years. The surging effectiveness of production processes is also another growth driver. Various emerging economies have started establishing a robust position in terms of smart type of manufacturing. However, the requirement of high capital investments may act as a hindrance for the Smart Manufacturing Market.
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Key Benefits to Purchase Smart Manufacturing Market Report:
Major countries in each region are mapped according to individual Smart Manufacturing Market revenue.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
The report includes an in-depth analysis of current research and clinical developments within the market.
Key players and their key developments in the recent years are listed.
Global Smart Manufacturing Market, by Regions:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Major Points Covered in TOC:
Overview: Along with an expansive outline of the worldwide Smart Manufacturing Market, this segment gives an outline of the report to give a thought regarding the nature and substance of the examination study.
Analysis of Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Smart Manufacturing Market.
Study on Key Market Trends: This piece of the report offers a more significant assessment of the latest and future examples of the market.
Market Forecasts: Buyers of this report will approach precise and approved evaluations of the all market size as far as worth and volume. The report additionally gives utilization, creation, deals, and different conjectures for the Smart Manufacturing Market.
Local Growth Analysis: All critical regions and countries have been covered in the report. The neighbourhood examination will help with elevating players to exploit dismissed common business areas, prepare express philosophies for target regions, and contemplate the improvement of each and every regional market.
Segmental Analysis: The report gives precise and solid conjectures of the piece of the pie of significant portions of the Smart Manufacturing Market. Market members can utilize this examination to make key interests in key development pockets of the market.
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