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Smart Manufacturing Market 2023- Market Size, Share, Industry Trends, Growth Analysis And Forecast To 2032
Smart Manufacturing Market Analysis
Smart Manufacturing Market Size, Growth Rate, And Forecast
The global smart manufacturing market size is expected to grow from $316.29 billion in 2022 to $362.31 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart manufacturing market size is expected to grow to $605.60 billion in 2027 at a CAGR of 13%.
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Smart Manufacturing Market Drivers
The rising number of investments in industry 4.0 is expected to drive the smart manufacturing market going forward. The fourth (4.0) industrial revolution uses data to connect the digital and physical worlds. Industry 4.0 lays the way for new developments in the manufacturing industry by improving data collection and analysis at the edge and by releasing new depths of analytical insight. Industry 4.0 is transforming how businesses produce, enhance, and distribute their goods. The Internet of Things (IoT), cloud computing, analytics, AI, and machine learning are among the cutting-edge technology that manufacturers are incorporating into their manufacturing processes.
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Smart Manufacturing Market Segments
1) By Component: Hardware, Software, Services
2) By Technology: Machine Execution Systems (MES), Programmable Logic Controller (PLC), Enterprise Resource Planning (ERP), SCADA, Discrete Control Systems (DCS), Machine Vision, 3D Printing, Other Technologies
3) By End-User: Automotive, Aerospace and Defense, Chemicals and Materials, Healthcare, Industrial Equipment, Electronics, Food and Agriculture, Oil and Gas, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the smart manufacturing market.
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Smart Manufacturing Market Key Players
Major competitors in the smart manufacturing market include Siemens AG, General Electric, Rockwell Automation, Schneider Electric, Honeywell International Inc., Emerson Electric, Fanuc, ABB Ltd., Amazon Web Services Inc., Robert Bosch Manufacturing Solutions GmbH.
The Business Research Company's "Global Smart Manufacturing Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Smart Manufacturing Market Include:
1. Executive Summary
2. Smart Manufacturing Market Characteristics
3. Smart Manufacturing Market Trends And Strategies
4. Smart Manufacturing Market - Macro Economic Scenario
5. Smart Manufacturing Market Size And Growth
.....
26. Africa Smart Manufacturing Market
27. Smart Manufacturing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Manufacturing Market
29. Smart Manufacturing Market Future Outlook and Potential Analysis
30. Appendix
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