KEY FINDINGS
The global smart manufacturing market is predicted to grow with 9.04% CAGR during the forecast period 2019-2027. The market for smart manufacturing accounts for the adoption of products with systems which are fully-integrated, collaborative manufacturing systems that respond in real time to meet changing demands and conditions in the factory, in the supply network as well as fluctuating customer needs. The market has been valued at $ xx billion at its base year of 2018 and is expected to be valued at $ xx billion at the end of the forecast year of 2027.
MARKET INSIGHTS
Rising demands of industrial automation and the rapid adoption of internet of things in the global manufacturing sector are mainly driving the growth for the smart manufacturing market. Smart manufacturing is also expected to help in the cost reduction and turnaround time decrement in the forecast years by providing higher numbers of substitute products. The global smart manufacturing market has been segmented by technology, component, end user and geography.
REGIONAL INSIGHTS
The global market for smart manufacturing is geographically segmented into four regions, namely, North America, Asia Pacific, Europe and countries from the Rest of the World. The Asia Pacific smart manufacturing market was valued the largest globally at $ xx billion in 2018, and is projected to reach $ xx billion by 2027 at a CAGR of 10.50% from 2019 to 2027. This can be reasoned due to rapid digitization across various industries such as automotive and industrial manufacturing in this region.
COMPETITIVE INSIGHTS
The dominating market players who are contributing maximum revenues to the market are ABB Ltd., Emerson Electric Co., Fanuc Corporation, General Electric Company, Honeywell international Inc., Mitsubishi Electric Corporation, Robert Bosch GMBH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corporation.
Global Smart Manufacturing Market Forecast 2019-2027
Table of Contents
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP-DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. SOFTWARE COMPONENT IS PROJECTED TO GROW AT A SIGNIFICANT CAGR
3.2.2. 3D PRINTING TECHNOLOGY IS EXPECTED TO SHOW HIGHEST GROWTH RATE
3.2.3. AUTOMOTIVE INDUSTRY IS THE LARGEST END USER AND FAST GROWING IN SMART MANUFACTURING MARKET
4. MARKET DYNAMICS
4.1. MARKET DEFINITION & SCOPE
4.2. MARKET DRIVERS
4.2.1. RAPID GROWTH OF INTERNET OF THINGS
4.2.2. RISING DEMAND FOR AUTOMATION, QUALITY AND EFFICIENCY
4.2.3. REQUIREMENT OF COMPLIANCE AND GOVERNMENT SUPPORT FOR DIGITIZATION
4.3. MARKET RESTRAINTS
4.3.1. SECURITY CONCERNS
4.3.2. HIGH CAPITAL INVESTMENT REQUIRED FOR SETTING UP SMART MANUFACTURING
4.4. MARKET OPPORTUNITIES
4.4.1. CONTINUOUS GROWTH OF THE AEROSPACE AND DEFENSE INDUSTRY
4.4.2. PREFERENCE OF CUSTOMER TOWARDS DURABLE AND CHEAP PRODUCTS
4.5. MARKET CHALLENGES
4.5.1. COLLECTION OF IRRELEVANT DATA LEAD TO POOR ANALYSIS OF PROBLEM
4.5.2. SMART MANUFACTURING LEADING TO UNEMPLOYMENT
5. MARKET BY COMPONENT
5.1. HARDWARE
5.2. SOFTWARE
5.3. SERVICES
6. MARKET BY TECHNOLOGY
6.1. MES (MANUFACTURING EXECUTION SYSTEM)
6.2. PLC (PROGRAMMABLE LOGIC CONTROLLER)
6.3. ERP (ENTERPRISE RESOURCE PLANNING)
6.4. SCADA (SUPERVISORY CONTROL AND DATA ACQUISITION)
6.5. DCS (DISTRIBUTED CONTROL SYSTEM)
6.6. HMI (HUMAN-MACHINE INTERFACE)
6.7. MACHINE VISION
6.8. 3D PRINTING
6.9. PLM (PRODUCT LIFECYCLE MANAGEMENT)
6.10. PAM (PURCHASE ACTIVATED MANUFACTURING)
7. MARKET BY END USER
7.1. AUTOMOTIVE
7.2. AEROSPACE & DEFENSE
7.3. CHEMICALS & MATERIALS
7.4. HEALTHCARE
7.5. INDUSTRIAL EQUIPMENT
7.6. ELECTRONICS
7.7. FOOD & AGRICULTURE
7.8. OIL & GAS
7.9. OTHERS
8. KEY ANALYTICS
8.1. PORTER'S FIVE FORCE MODEL
8.1.1. THREAT OF NEW ENTRANTS
8.1.2. THREAT OF SUBSTITUTE
8.1.3. BARGAINING POWER OF SUPPLIERS
8.1.4. BARGAINING POWER OF BUYERS
8.1.5. THREAT OF COMPETITIVE RIVALRY
8.2. OPPORTUNITY MATRIX
8.3. VENDOR LANDSCAPE
9. GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. UNITED STATES
9.1.2. CANADA
9.2. EUROPE
9.2.1. UNITED KINGDOM
9.2.2. GERMANY
9.2.3. FRANCE
9.2.4. ITALY
9.2.5. SPAIN
9.2.6. RUSSIA
9.2.7. ROE (REST OF EUROPE)
9.3. ASIA PACIFIC
9.3.1. INDIA
9.3.2. CHINA
9.3.3. JAPAN
9.3.4. AUSTRALIA
9.3.5. SOUTH KOREA
9.3.6. REST OF ASIA PACIFIC
9.4. REST OF WORLD
9.4.1. LATIN AMERICA
9.4.2. MIDDLE EAST AND AFRICA
10. COMPETITIVE LANDSCAPE
10.1. COMPANY PROFILE
10.1.1. ABB LTD
10.1.2. EMERSON ELECTRIC CO.
10.1.3. FANUC CORPORATION
10.1.4. GENERAL ELECTRIC COMPANY
10.1.5. HONEYWELL INTERNATIONAL INC.
10.1.6. MITSUBISHI ELECTRIC CORPORATION
10.1.7. ROBERT BOSCH GMBH
10.1.8. ROCKWELL AUTOMATION INC.
10.1.9. SCHNEIDER ELECTRIC SE
10.1.10. SIEMENS AG
10.1.11. YOKOGAWA ELECTRIC CORPORATION
LIST OF TABLES
TABLE 1 GLOBAL SMART MANUFACTURING MARKET, BY GEOGRAPHY, 2019-2027, (IN $ BILLION)
TABLE 2 GLOBAL SMART MANUFACTURING MARKET, BY COMPONENT, 2019-2027, (IN $ BILLION)
TABLE 3 GLOBAL HARDWARE MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 4 GLOBAL SOFTWARE MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 5 GLOBAL SERVICES MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 6 GLOBAL SMART MANUFACTURING MARKET, BY TECHNOLOGY, 2019-2027, (IN $ BILLION)
TABLE 7 GLOBAL MES MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 8 GLOBAL PLC MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 9 GLOBAL ERP MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 10 GLOBAL SCADA MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 11 GLOBAL DCS MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 12 GLOBAL HMI MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 13 GLOBAL MACHINE VISION MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 14 GLOBAL 3D PRINTING MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 15 GLOBAL PLM MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 16 GLOBAL PAM MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 17 GLOBAL SMART MANUFACTURING MARKET, BY END USER, 2019-2027, (IN $ BILLION)
TABLE 18 GLOBAL AUTOMOTIVE MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 19 GLOBAL AEROSPACE & DEFENSE MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 20 GLOBAL CHEMICALS & MATERIALS MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 21 GLOBAL HEALTHCARE MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 22 GLOBAL INDUSTRIAL EQUIPMENT MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 23 GLOBAL ELECTRONICS MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 24 GLOBAL FOOD & AGRICULTURE MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 25 GLOBAL OIL & GAS MARKET, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 26 GLOBAL OTHER MARKETS, BY REGION, 2019-2027, (IN $ BILLION)
TABLE 27 OPPORTUNITY MATRIX
TABLE 28 VENDOR LANDSCAPE
TABLE 29 GLOBAL SMART MANUFACTURING MARKET, BY GEOGRAPHY, 2019-2027, (IN $ BILLION)
TABLE 30 NORTH AMERICA SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027 (IN $ BILLION)
TABLE 31 EUROPE SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027 (IN $ BILLION)
TABLE 32 ASIA PACIFIC SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027 (IN $ BILLION)
TABLE 33 REST OF WORLD SMART MANUFACTURING MARKET, BY REGIONS, 2019-2027 (IN $ BILLION)
LIST OF FIGURES
FIGURE 1 GLOBAL SMART MANUFACTURING MARKET SHARE, BY END USER 2018 & 2027 (%)
FIGURE 2 SOFTWARE COMPONENT OF SMART MANUFACTURING MARKET, 2019 - 2027 (IN $ BILLION)
FIGURE 3 3D PRINTING FOR SMART MANUFACTURING MARKET, 2019 - 2027 (IN $ BILLION)
FIGURE 4 AUTOMOTIVE SMART MANUFACTURING MARKET ($ BILLION)
FIGURE 5 GLOBAL SMART MANUFACTURING MARKET, BY DCS, 2019-2027, (IN $ BILLION)
FIGURE 6 GLOBAL SMART MANUFACTURING MARKET, BY HMI, 2019-2027, (IN $ BILLION)
FIGURE 7 GLOBAL SMART MANUFACTURING MARKET, BY MACHINE VISION, 2019-2027, (IN $ BILLION)
FIGURE 8 GLOBAL SMART MANUFACTURING MARKET, BY 3D PRINTING, 2019-2027, (IN $ BILLION)
FIGURE 9 GLOBAL SMART MANUFACTURING MARKET, BY PLM, 2019-2027, (IN $ BILLION)
FIGURE 10 GLOBAL SMART MANUFACTURING MARKET, BY PAM, 2019-2027, (IN $ BILLION)
FIGURE 11 GLOBAL SMART MANUFACTURING MARKET, BY AUTOMOTIVE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 12 GLOBAL SMART MANUFACTURING MARKET, BY AEROSPACE & DEFENSE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 13 GLOBAL SMART MANUFACTURING MARKET, BY CHEMICALS & MATERIALS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 14 GLOBAL SMART MANUFACTURING MARKET, BY HEALTHCARE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 15 GLOBAL SMART MANUFACTURING MARKET, BY INDUSTRIAL EQUIPMENT SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 16 GLOBAL SMART MANUFACTURING MARKET, BY ELECTRONICS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 17 GLOBAL SMART MANUFACTURING MARKET, BY FOOD & AGRICULTURE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 18 GLOBAL SMART MANUFACTURING MARKET, BY OIL & GAS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 19 GLOBAL SMART MANUFACTURING MARKET, BY OTHER SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 20 PORTER'S FIVE FORCE MODEL
FIGURE 21 GLOBAL SMART MANUFACTURING MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)
FIGURE 22 UNITED STATES SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 23 CANADA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 24 UNITED KINGDOM SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 25 GERMANY SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 26 FRANCE SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 27 ITALY SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 28 SPAIN SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 29 RUSSIA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 30 ROE SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 31 INDIA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 32 CHINA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 33 JAPAN SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 34 AUSTRALIA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 35 SOUTH KOREA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 36 REST OF ASIA PACIFIC SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 37 LATIN AMERICA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 38 MIDDLE EAST AND AFRICA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
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