Smart Manufacturing Market 2022 Competitive Insights - ABB Ltd, Emerson Electric Company, Fanuc Corp., General Electric Co., Honeywell International Inc

The Smart Manufacturing Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global smart manufacturing market was valued at USD 194.63 billion in 2020 and is expected to reach USD 314.39 billion by 2027 and grow at a CAGR of 8.4% over the forecast period (2022-2027).

Get Free Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/02285840278/smart-manufacturing-market-growth-trends-covid-19-impact-and-forecasts-2022-2027/inquiry?Mode=PD                                                        

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

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.

- After the implementation of Industry 4.0 in Germany and the Industrial Internet in the United States, the Chinese government launched the Made in China 2025 policy. This has emerged as a significant focus across the country's entire manufacturing community to remain the largest manufacturing sector.

Regional Outlook of Smart Manufacturing Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02285840278/smart-manufacturing-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?Mode=PD                                                                

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Smart Manufacturing Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Buy this Report at:

https://www.marketinsightsreports.com/report/purchase/02285840278?mode=su?Mode=PD

Customization services available with the report:

20% free customization.
Five Countries can be added as per your choice.
Five Companies can add as per your choice.
Free customization up to 40 hours.
Post-sales support for 1 year from the date of delivery.

Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +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.

This release was published on openPR.