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Global Smart Manufacturing Market: By Component: Hardware, Software, Services; By Technology: Programmable Logic Controller, Supervisory Controller and Data Acquisition, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Smart Manufacturing Market Outlook

The global smart manufacturing market attained a value of nearly USD 211 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 12% to attain nearly USD 416 billion by 2026.

 

Global Smart Manufacturing Market

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Rising Demand for Fast Data Processing Aiding the Growth of Smart Manufacturing Industry

Advanced technologies and artificial intelligence have replaced the traditional process of manufacturing. Smart manufacturing uses data analytics to ease complicated and difficult processes and also manages the supply chain smoothly. The rising demand for simplified processes in various industries is aiding the market growth of smart manufacturing. Smart machines or robots gather and understand large data that keeps them well informed throughout the manufacturing process. Data is collected, refined and made for the purpose of computing at ease by the robots. With the help of the stored data, the robots can improve machine performance and predict any fault in the manufacturing processes as they can learn from experience. They can predict, and that helps to facilitate better strategies for scheduling production runs. In smart manufacturing system, production processes can automatically generate, transmit and process data without human intervention, consequently bolstering the market growth.

 

Smart Manufacturing: Definition and Segmentation

Smart manufacturing is defined as bringing the elements of smart technology to the traditional process of production. These technologies help to create new opportunities to accelerate development, reduce waste, and increase production.

 

Global Smart Manufacturing Market By End Use

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Based on component, the market is divided into:

  • Hardware
  • Software
  • Services

Based on technology, the market is divided into:

  • Programmable Logic Controller
  • Supervisory Controller and Data Acquisition (SCADA)
  • Enterprise Resource and Planning
  • Human Machine Interface
  • Product Lifecycle Management
  • Manufacturing Execution System
  • Distributed Control System 
  • 3D printing
  • Others

Based on end use, the market is divided into:

  • Automotive
  • Aerospace and Defence
  • Chemicals and Materials
  • Healthcare
  • Food and Beverage 
  • Oil and Gas
  • Others

The EMR report looks into the regional markets of smart manufacturing like North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Global Smart Manufacturing Market By Region

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Advanced Technology to Bolster the Market Growth of Smart Manufacturing

Industrial robots or smart machines meet the needs of mass demands through their autonomous and well-communicated system. These robots are capable of completing their work in time, and they are assisted by AI that allows them to learn from experience. They are flexible as they can be reconfigured and repurposed. The robots have the ability to respond rapidly to design changes and innovation, which is a competitive advantage over the more traditional manufacturing process, consequently furthering the market growth of smart manufacturing. The fear of the spread of coronavirus has led the production process to be even more dependent on machines. Smart manufacturing assists in workers’ safety. Due to their data research and intelligent learning automation, it makes it easy for workers to operate any function smoothly. In addition to this, workers are no longer exposed to hazards. AI eliminates the inefficiencies and can let robots take on more of the physical tasks of manufacturing, which is a crucial catalyst for the market growth.

 

Key Industry Players in the Global Smart Manufacturing Market

The report presents a detailed analysis of the following key players in the global smart manufacturing market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ABB Ltd. 
  • Emerson Electric Co. 
  • Rockwell Automation, Inc. 
  • Mitsubishi Electric Corporation
  • FANUC America Corporation
  • Schneider Electric SE
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Technology, End Use, Region
Breakup by Component Hardware, Software, Services
Breakup by Technology Programmable Logic Controller, Supervisory Controller and Data Acquisition (SCADA), Enterprise Resource and Planning , Human Machine Interface , Product Lifecycle Management, Manufacturing Execution System, Distributed Control System, 3D Printing, Others
Breakup by End Use Automotive, Aerospace and Defence, Chemicals and Materials, Healthcare, Food and Beverage, Oil and Gas, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd., Emerson Electric Co., Rockwell Automation, Inc., Mitsubishi Electric Corporation, FANUC America Corporation, Schneider Electric SE, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Smart Manufacturing Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Smart Manufacturing Market Historical Market (2016-2020) 
    8.3    Global Smart Manufacturing Market Forecast (2021-2026)
    8.4    Global Smart Manufacturing Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Services
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Smart Manufacturing Market by Technology
        8.5.1    Programmable Logic Controller
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Supervisory Controller and Data Acquisition (SCADA)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Enterprise Resource and Planning 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Human Machine Interface 
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Product Lifecycle Management
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Manufacturing Execution System
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Distributed Control System
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2016-2020)
            8.5.7.3    Forecast Trend (2021-2026)
        8.5.8    3D Printing
            8.5.8.1    Market Share
            8.5.8.2    Historical Trend (2016-2020)
            8.5.8.3    Forecast Trend (2021-2026)
        8.5.9    Others
    8.6    Global Smart Manufacturing Market by End Use
        8.6.1    Automotive
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Aerospace and Defence
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Chemicals and Materials
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Healthcare
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Food and Beverage
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Oil and Gas
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        8.6.7    Others
    8.7    Global Smart Manufacturing Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    ABB Ltd.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Emerson Electric Co.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Rockwell Automation, Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Mitsubishi Electric Corporation
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    FANUC America Corporation
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Schneider Electric SE
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments


List of Figures and Tables

1.    Global Smart Manufacturing Market: Key Industry Highlights, 2016 and 2026
2.    Global Smart Manufacturing Historical Market: Breakup by Component (USD Million), 2016-2020
3.    Global Smart Manufacturing Market Forecast: Breakup by Component (USD Million), 2021-2026
4.    Global Smart Manufacturing Historical Market: Breakup by Technology (USD Million), 2016-2020
5.    Global Smart Manufacturing Market Forecast: Breakup by Technology (USD Million), 2021-2026
6.    Global Smart Manufacturing Historical Market: Breakup by End Use (USD Million), 2016-2020
7.    Global Smart Manufacturing Market Forecast: Breakup by End Use (USD Million), 2021-2026
8.    Global Smart Manufacturing Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Smart Manufacturing Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Smart Manufacturing Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Smart Manufacturing Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Smart Manufacturing Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Smart Manufacturing Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Smart Manufacturing Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Smart Manufacturing Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Smart Manufacturing Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Smart Manufacturing Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Smart Manufacturing Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Smart Manufacturing Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Smart Manufacturing Market Structure

Key Questions Answered in the Report

In 2020, the global smart manufacturing market attained a value of nearly USD 211 billion.

The market is projected to grow at a CAGR of 12% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period 2021-2026 to reach nearly nearly USD 416 billion by 2026.

The market is being driven by the rising use artificial intelligence in manufacturing industry, rapid industrialisation, and the growing demand from the end use industries.

The industry is expected to be defined by the rising demand for data processor and artificial intelligence in manufacturing industry.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant components available in the industry are hardware, software, and services.

The different technologies available in the industry are programmable logic controller, supervisory controller and data acquisition (SCADA), enterprise resource and planning, human machine interface, product lifecycle management, manufacturing execution system, distributed control system, and 3D printing, among others.

The major end uses of smart manufacturing are automotive, aerospace and defence, chemicals and materials, healthcare, food and beverage, oil and gas, among others.

The leading players in this market are ABB Ltd., Emerson Electric Co., Rockwell Automation, Inc., Mitsubishi Electric Corporation, FANUC America Corporation, Schneider Electric SE, among others.

Analyst Review

The global smart manufacturing market attained a value of nearly USD 211 billion in 2020, driven by the increasing use of artificial intelligence in manufacturing industry. Aided by the rapid industrialisation, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 12%. The market is projected to reach nearly USD 416 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on component, the smart manufacturing industry can be segmented into hardware, software, and services. On the basis of technology, the industry is divided into programmable logic controller, supervisory controller and data acquisition (SCADA), enterprise resource and planning, human machine interface, product lifecycle management, manufacturing execution system, distributed control system, and 3D printing, among others. On the basis of end use, the industry is divided into automotive, aerospace and defence, chemicals and materials, healthcare, food and beverage, oil and gas, among others. The major regional markets for smart manufacturing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include ABB Ltd., Emerson Electric Co., Rockwell Automation, Inc., Mitsubishi Electric Corporation, FANUC America Corporation, and Schneider Electric SE, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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