PUNE, India, Oct. 17, 2023 /PRNewswire/ -- Infinium Global Research, a renowned name in market research, has recently released a comprehensive report on the Global Smart Manufacturing Market. This report offers an in-depth analysis of various segments and sub-segments within the global and regional smart manufacturing markets. It also highlights the impact of drivers, restraints, and macroeconomic indicators on both short-term and long-term market trends. The report provides valuable insights into trends, forecasts, and the dollar values of the global smart manufacturing market. Notably, the global smart manufacturing market, which was valued at USD 267.91 billion in 2022, is expected to reach USD 884.73 billion by 2030, exhibiting a remarkable CAGR of 13.78% during the forecast period from 2023 to 2030.
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Key Market Drivers:
The smart manufacturing market is experiencing rapid growth due to the widespread adoption of Industry 4.0 technologies, including the Internet of Things (IoT), artificial intelligence (AI), and automation. These innovations are revolutionizing industries by enhancing operational efficiency, product quality, and cost-effectiveness. Smart manufacturing solutions are increasingly sought after by industries aiming to remain competitive and agile in response to changing market demands. Furthermore, the rising demand for software solutions that streamline processes, reduce production time, and cut costs is a primary driver behind the growth of the smart manufacturing market. Industries across various sectors are turning to these technologies to boost their competitiveness and optimize resource utilization in today's fast-paced business environment.
However, the market's growth may face challenges related to substantial initial setup costs and concerns about cybersecurity vulnerabilities. Industries might hesitate to invest in these technologies, fearing potential breaches that could compromise sensitive data and operations. Nevertheless, the smart manufacturing market is discovering new growth opportunities through increased demand from the defense and aerospace sectors. These industries are increasingly adopting smart manufacturing technologies to enhance production efficiency, precision, and quality, positioning smart manufacturing as a crucial player in meeting their complex and demanding requirements.
Regional Insights:
- North America: North America, led by the United States, dominates the smart manufacturing market. This dominance is attributed to the region's robust industrial base, early adoption of Industry 4.0 technologies, and a strong focus on innovation. The presence of key players, research institutions, and government initiatives further contributes to North America's leadership in the smart manufacturing space.
- Asia-Pacific: The Asia-Pacific is the fastest-growing region in the smart manufacturing market. Countries such as China, Japan, South Korea, and India are witnessing rapid growth in smart manufacturing adoption. Factors such as a large manufacturing sector, increasing investments in automation, and the digital transformation of industries are driving this growth. Additionally, government policies promoting Industry 4.0 and the growing need for operational efficiency in various sectors are fueling the expansion of the smart manufacturing market in Asia-Pacific.
Segmentation:
The report provides a detailed analysis of the smart manufacturing market based on key segments, including:
- Technology: Programmable logic controller, manufacturing execution system, discrete control systems, product lifecycle management, enterprise resource planning, machine vision, and others.
- Component: Hardware, services, and software.
- End User: Semiconductor, oil and gas, automotive, food and beverage, pharmaceutical, aerospace and defense, and others.
Key Players:
The report profiles leading companies in the smart manufacturing market, including:
- ABB Ltd.
- FANUC America Corporation
- Honeywell International Inc.
- Texas Instruments Incorporated
- Mitsubishi Electric India Pvt. Ltd.
- Rockwell Automation
- Yokogawa India Ltd.
- Siemens
- Emerson Electric Co.
- Schneider Electric
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Table of Contents
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Smart Manufacturing Market Highlights
2.2. Smart Manufacturing Market Projection
2.3. Smart Manufacturing Market Regional Highlights
Chapter 3. Global Smart Manufacturing Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Technology
3.4.2. IGR-Growth Matrix Analysis by Component
3.4.3. IGR-Growth Matrix Analysis by End User
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Smart Manufacturing Market
Chapter 4. Smart Manufacturing Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Smart Manufacturing Market
5.2. Companies Profiles
5.2.1. ABB Ltd.
5.2.2. FANUC America Corporation
5.2.3. Honeywell International Inc.
5.2.4. Texas Instruments Incorporated
5.2.5. Mitsubishi Electric India Pvt. Ltd.
5.2.6. Rockwell Automation
5.2.7. Yokogawa India Ltd.
5.2.8. Siemens
5.2.9. Emerson Electric Co.
5.2.10. Schneider Electric
Chapter 6. Global Smart Manufacturing Market by Technology
6.1. Programmable Logic Controller
6.2. Manufacturing Execution System
6.3. Discrete Control Systems
6.4. Product Lifecycle Management
6.5. Enterprise Resource Planning
6.6. Machine vision
6.7. Others
Chapter 7. Global Smart Manufacturing Market by Component
7.1. Hardware
7.2. Services
7.3. Software
Chapter 8. Global Smart Manufacturing Market by End User
8.1. Semiconductor
8.2. Oil and Gas
8.3. Automotive
8.4. Food and Beverage
8.5. Pharmaceutical
8.6. Aerospace and Defence
8.7. Others
Chapter 9. Global Smart Manufacturing Market by Region 2023-2030
9.1. North America
9.1.1. North America Smart Manufacturing Market by Technology
9.1.2. North America Smart Manufacturing Market by Component
9.1.3. North America Smart Manufacturing Market by End User
9.1.4. North America Smart Manufacturing Market by Country
9.1.4.1. The U.S. Smart Manufacturing Market
9.1.4.1.1. The U.S. Smart Manufacturing Market by Technology
9.1.4.1.2. The U.S. Smart Manufacturing Market by Component
9.1.4.1.3. The U.S. Smart Manufacturing Market by End User
9.1.4.2. Canada Smart Manufacturing Market
9.1.4.2.1. Canada Smart Manufacturing Market by Technology
9.1.4.2.2. Canada Smart Manufacturing Market by Component
9.1.4.2.3. Canada Smart Manufacturing Market by End User
9.1.4.3. Mexico Smart Manufacturing Market
9.1.4.3.1. Mexico Smart Manufacturing Market by Technology
9.1.4.3.2. Mexico Smart Manufacturing Market by Component
9.1.4.3.3. Mexico Smart Manufacturing Market by End User
9.2. Europe
9.2.1. Europe Smart Manufacturing Market by Technology
9.2.2. Europe Smart Manufacturing Market by Component
9.2.3. Europe Smart Manufacturing Market by End User
9.2.4. Europe Smart Manufacturing Market by Country
9.2.4.1. Germany Smart Manufacturing Market
9.2.4.1.1. Germany Smart Manufacturing Market by Technology
9.2.4.1.2. Germany Smart Manufacturing Market by Component
9.2.4.1.3. Germany Smart Manufacturing Market by End User
9.2.4.2. United Kingdom Smart Manufacturing Market
9.2.4.2.1. United Kingdom Smart Manufacturing Market by Technology
9.2.4.2.2. United Kingdom Smart Manufacturing Market by Component
9.2.4.2.3. United Kingdom Smart Manufacturing Market by End User
9.2.4.3. France Smart Manufacturing Market
9.2.4.3.1. France Smart Manufacturing Market by Technology
9.2.4.3.2. France Smart Manufacturing Market by Component
9.2.4.3.3. France Smart Manufacturing Market by End User
9.2.4.4. Italy Smart Manufacturing Market
9.2.4.4.1. Italy Smart Manufacturing Market by Technology
9.2.4.4.2. Italy Smart Manufacturing Market by Component
9.2.4.4.3. Italy Smart Manufacturing Market by End User
9.2.4.5. Rest of Europe Smart Manufacturing Market
9.2.4.5.1. Rest of Europe Smart Manufacturing Market by Technology
9.2.4.5.2. Rest of Europe Smart Manufacturing Market by Component
9.2.4.5.3. Rest of Europe Smart Manufacturing Market by End User
9.3. Asia Pacific
9.3.1. Asia Pacific Smart Manufacturing Market by Technology
9.3.2. Asia Pacific Smart Manufacturing Market by Component
9.3.3. Asia Pacific Smart Manufacturing Market by End User
9.3.4. Asia Pacific Smart Manufacturing Market by Country
9.3.4.1. China Smart Manufacturing Market
9.3.4.1.1. China Smart Manufacturing Market by Technology
9.3.4.1.2. China Smart Manufacturing Market by Component
9.3.4.1.3. China Smart Manufacturing Market by End User
9.3.4.2. Japan Smart Manufacturing Market
9.3.4.2.1. Japan Smart Manufacturing Market by Technology
9.3.4.2.2. Japan Smart Manufacturing Market by Component
9.3.4.2.3. Japan Smart Manufacturing Market by End User
9.3.4.3. India Smart Manufacturing Market
9.3.4.3.1. India Smart Manufacturing Market by Technology
9.3.4.3.2. India Smart Manufacturing Market by Component
9.3.4.3.3. India Smart Manufacturing Market by End User
9.3.4.4. South Korea Smart Manufacturing Market
9.3.4.4.1. South Korea Smart Manufacturing Market by Technology
9.3.4.4.2. South Korea Smart Manufacturing Market by Component
9.3.4.4.3. South Korea Smart Manufacturing Market by End User
9.3.4.5. Australia Smart Manufacturing Market
9.3.4.5.1. Australia Smart Manufacturing Market by Technology
9.3.4.5.2. Australia Smart Manufacturing Market by Component
9.3.4.5.3. Australia Smart Manufacturing Market by End User
9.3.4.6. Rest of Asia-Pacific Smart Manufacturing Market
9.3.4.6.1. Rest of Asia-Pacific Smart Manufacturing Market by Technology
9.3.4.6.2. Rest of Asia-Pacific Smart Manufacturing Market by Component
9.3.4.6.3. Rest of Asia-Pacific Smart Manufacturing Market by End User
9.4. RoW
9.4.1. RoW Smart Manufacturing Market by Technology
9.4.2. RoW Smart Manufacturing Market by Component
9.4.3. RoW Smart Manufacturing Market by End User
9.4.4. RoW Smart Manufacturing Market by Sub-region
9.4.4.1. Latin America Smart Manufacturing Market
9.4.4.1.1. Latin America Smart Manufacturing Market by Technology
9.4.4.1.2. Latin America Smart Manufacturing Market by Component
9.4.4.1.3. Latin America Smart Manufacturing Market by End User
9.4.4.2. Middle East Smart Manufacturing Market
9.4.4.2.1. Middle East Smart Manufacturing Market by Technology
9.4.4.2.2. Middle East Smart Manufacturing Market by Component
9.4.4.2.3. Middle East Smart Manufacturing Market by End User
9.4.4.3. Africa Smart Manufacturing Market
9.4.4.3.1. Africa Smart Manufacturing Market by Technology
9.4.4.3.2. Africa Smart Manufacturing Market by Component
9.4.4.3.3. Africa Smart Manufacturing Market by End User
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of smart manufacturing.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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