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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Smart Manufacturing Platform Market Outlook

The global smart manufacturing platform market attained a value of around USD 7.94 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of almost 19.9% to reach a value of USD 40.71 billion by 2032.

Global Smart Manufacturing Platform Market

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The global smart manufacturing platform market is being driven by the rising adoption of automation in various industries, the growing demand for simplified data to boost productivity and cut down operational costs, and the increased government support to promote industrial automation.

Properties and Applications

Smart manufacturing is a category of manufacturing that includes computer-integrated production, high levels of adaptability, incorporation of digital information technology, and more versatile technical training for the workforce.

Global Smart Manufacturing Platform Market

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The global smart manufacturing platform market can be divided based on segments like information technology, enabling technology, industry, and regions.

  • Information Technology: 
    • Human Machine Interface 
    • Enterprise Manufacturing Intelligence 
    • Plant Asset Management 
    • Manufacturing Execution System   
    • Industrial Communications 
    • Warehouse Management System
  • Enabling Technology:
    • Industrial 3D Printing 
    • Collaborative Robots 
    • Industrial IoT 
    • AI in Manufacturing 
    • Machine Condition Monitoring 
    • Industrial Machine Vision 
    • Industrial Cybersecurity 
    • Digital Twin 
    • Automated Guided Vehicle 
    • Blockchain In Manufacturing 
    • AR and VR In Manufacturing
  • Industry:
    • Process Industry 
      • Oil and Gas 
      • Food and Beverages 
      • Pharmaceuticals 
      • Chemicals 
      • Energy and Power 
      • Metals and Mining 
      • Pulp and Paper 
      • Others
    • Discrete Industry 
      • Automotive 
      • Aerospace and Defence 
      • Semiconductor and Electronics 
      • Medical Devices 
      • Machine Manufacturing 
      • Others

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

Market Analysis

With the increasing demand for remote monitoring and enhanced productivity in various industries, the adoption of automation technology has increased, which is driving the growth of the smart manufacturing platform market. The increased investment and development of industrial IoT (IIoT), in combination with other technologies, is further aiding the industry growth. Smart manufacturing platforms optimise data to enhance utilisation, reduce waste, and increase profit. These platforms allow to connect, collect, and access data from anywhere and anytime through devices like desktops, laptops, tablets, or smartphones.

Global Smart Manufacturing Platform Market

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The process industry segment leads the global smart manufacturing platform market, accounting for the largest share. The segment is expected to dominate the market in the forecast period as well. Further, the Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to the rapidly developing emerging economies and the implementation of various strategies by the government to encourage automation in the region. 

Competitive Landscape

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

  • Stratatys Ltd. 
  • 3D Systems, Inc. 
  • Daifuku Co., Ltd. 
  • Honeywell International Inc. 
  • Rockwell Automation, Inc. 
  • Siemens AG 
  • Others

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Information Technology
  • Enabling Technology
  • Industry
  • Region
Breakup by Information Technology
  • Human Machine Interface
  • Enterprise Manufacturing Intelligence
  • Plant Asset Management
  • Manufacturing Execution System
  • Industrial Communications
  • Warehouse Management System
Breakup by Enabling Technology
  • Industrial 3D Printing
  • Collaborative Robots
  • Industrial IoT
  • AI In Manufacturing
  • Machine Condition Monitoring
  • Industrial Machine Vision
  • Industrial Cybersecurity
  • Digital Twin
  • Automated Guided Vehicle
  • Blockchain in Manufacturing
  • AR And VR In Manufacturing
Breakup by Industry
  • Process Industry
  • Discrete Industry
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Stratatys Ltd. 
  • 3D Systems, Inc. 
  • Daifuku Co., Ltd. 
  • Honeywell International Inc. 
  • Rockwell Automation, Inc. 
  • Siemens AG 
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global smart manufacturing platform market attained a value of nearly USD 7.94 billion.

The market is projected to grow at a CAGR of 19.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 40.71 billion by 2032. 

The major market drivers include the growing adoption of automation in various end-use sectors, technological advancements and innovations, and the growing demand for simplified data to boost productivity and cut operational costs.

The key trends guiding the market include the introduction of favourable government initiatives to boost automation, the rising demand for remote monitoring in several end-use sectors, and increasing investments in technologies like industrial IoT (IIoT).

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

Human machine interface, enterprise manufacturing intelligence, plant asset management, manufacturing execution system, industrial communications, and warehouse management system are the major information technology segments in the market.

The significant enabling technology segments considered in the market report are industrial 3D printing, collaborative robots, industrial IoT, AI in manufacturing, machine condition monitoring, industrial machine vision, industrial cybersecurity, digital twin, automated guided vehicle, blockchain in manufacturing, and AR and VR in manufacturing.

The major industries of smart manufacturing platform in the market are process industry and discrete industry.

The major players in the market are Stratatys Ltd., 3D Systems, Inc., Daifuku Co., Ltd., Honeywell International Inc., Rockwell Automation, Inc., and Siemens AG, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124