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Smart Manufacturing Market Report 2023-2032: Industry Trends, Size, Growth And Forecast Analysis | Siemens AG, General Electric, Rockwell Automation, Schneider Electric, Honeywell International Inc
Smart Manufacturing Market
The Business Research Company's Smart Manufacturing Global Market Report 2023 identifies rising number of investments in industry as the major driver for the Smart Manufacturing market's growth in the forecast period. 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.
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 market size of the global smart manufacturing market is expected to grow to $605.60 billion in 2027 at a CAGR of 13%.
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Major competitors in the Smart Manufacturing market are Siemens AG, General Electric, Rockwell Automation, Schneider Electric, Honeywell International Inc.
A key trend in the Smart Manufacturing market includes technological advancement.Major companies in the smart manufacturing market are advancing in their new technologies and research and developments to sustain their market place. For instance, in January 2021, Rockwell Automation, Inc., a US-based provider of industrial automation, introduced a QuickStick Intelligent Conveyor System, that helps to boost throughput while lowering the total cost of ownership. It offers pallet conveyor systems a quicker, cleaner, and more effective substitute in the assembly and process automation markets.
Read More On The Global Smart Manufacturing Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-manufacturing-global-market-report
The Smart Manufacturing market is segmented -
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
4. 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.
The Business Research Company's "Global Smart Manufacturing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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