Press release
Smart Manufacturing Market to Reach USD 736.22 Bn by 2029, emerging at a CAGR of 13.7 percent and forecast 2023-2029
Smart Manufacturing Market
The report offers a comprehensive view of the Smart Manufacturing Market, exploring the ongoing projects and research initiatives that are shaping the future of manufacturing. It delves into the pivotal role played by Smart Manufacturing (SM) and the specialized realm of the Industrial Internet of Things (IIoT) in streamlining manufacturing processes through data analytics and automation.
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Smart Manufacturing Market Research Methodology:
To ensure the report's accuracy and reliability, extensive primary research was conducted across countries, incorporating inputs from educational institutions, research centers, and technology groups. Secondary sources such as government publications, industry reports, and academic studies were also utilized for in-depth analysis.
What are Smart Manufacturing Market Dynamics:
As governments throughout the world become increasingly aware of the enormous potential of smart manufacturing technologies, they are supporting and funding research and development for smart technologies such as IIoT and industrial 3D printing. Governments in many countries are pushing IIoT innovation because they see themselves as potential users of the technology. They are sponsoring new Internet of Things research projects and implementations in order to build and operate smart cities in the future.
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Smart Manufacturing Market Regional Insights:
The Latin American market is poised for substantial growth, with a significant Compound Annual Growth Rate (CAGR) of 15.7% projected during the forecast period. Smart manufacturing is gaining prominence in the region as innovation and automation initiatives gain traction. Latin America offers proximity to a rich array of raw materials, facilitating smart manufacturing and propelling market growth.
The APAC market is expected to grow at an impressive CAGR during the forecast period. The region's demand for technological advancements, driven by the increasing role of Artificial Intelligence (AI) in industries and the adoption of technologies such as Industry 4.0, smart factories, the Internet of Things (IoT), and IIoT, underscores the growth potential of the smart manufacturing market in APAC.
What is Smart Manufacturing Market Segmentation:
by Component
Hardware
Software
Solution
Industrial 3D Printing
Programmable Logic Controller (PLC)
Product Lifecycle Management (PLM)
Manufacturing Execution System (MES)
Robotic Process Automation (RPA)
Remote Monitoring software
Supervisory Controller and Data Acquisition (SCADA)
Others (Energy Management Systems, Fleet Management Solutions, etc.)
Services
Professional Services
Managed Services
by Deployment
Cloud
On-Premises
by Enterprises Size
Large Enterprises
Small & Medium Enterprises
by Industry
Process Industry
Oil & Gas
Food & Beverages
Pharmaceuticals
Chemicals
Energy & Power
Metals & Mining
Pulp & Paper
Others
Discrete Industry
Automotive
Aerospace & Defense
Semiconductor & Electronics
Medical Devices
Machine Manufacturing
Others
Mining
Construction
Oil & Gas
Others
by Enabling
Technology Industrial 3D Printing
AI in Manufacturing
Industrial Cyber security
Industrial Machine Vision
Industrial Sensors
Digital Twins
Robots
Automated Guided Vehicles
Machine Condition Monitoring
Artificial Reality & Virtual Reality
5G Industrial IoT
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Who are Smart Manufacturing Market Key Players:
1. Schneider Electric SE
2. ABB Ltd.
3. Cognex Corporation
4. Siemens AG
5. Emerson Electric Co.
6. Cisco Systems, Inc.
7. PTC, Inc.
8. Amazon Web Services, Inc.
9. SAP SE
10. Robert Bosch
11. IBM
12. Honeywell International Inc.
13. Rockwell Automation
14. General Electric
15. Hitachi
16. Plex
Table of content for the Smart Manufacturing Market includes:
Smart Manufacturing Market: Research Methodology
Smart Manufacturing Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Smart Manufacturing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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