ALBANY, New York, March 28, 2019
ALBANY, New York, March 28, 2019 /PRNewswire/ -- The global smart manufacturing market is gaining significantly from the effective engagement of the operating technology (OT) and information technology (IT), both. The integration of both these technologies supported by smart manufacturers to produce an intelligent assembling and the optimization of business, digital, and physical methods offer a strong impetus to the market. This, in turn, is expected to support the value chain of the manufacturing industry. With the introduction of intelligent manufacturing solutions developed through the usage of human ingenuity with IT, more optimized results can be achieved in the years to come.
According to Transparency Market Research (TMR), the opportunity in the global smart manufacturing market is likely to touch US$548.14 Bn by 2024, expanding at a CAGR of 13.02% between 2016 and 2024.
Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11555
The key players functional in the global smart manufacturing market are Emerson Electric Co., Johnson Controls Inc., ABB Ltd., Siemens AG, and Honeywell International Inc. These participants are experimenting with a number of strategies to sustain in this market. Amid a highly competitive environment, these players are investing heavily in product innovations as a part of their business development strategy. Apart from this, they are looking to penetrate into untapped regional markets in an effort to gain traction.
ERP to Report Significant Rise
The global smart manufacturing market is anticipated to be boosted by the demand for a wide array of technologies, such as machine vision, supervisory controller and data acquisition (SCADA), human machine interface (HMI), distributed control system (DCS), programmable logic controller (PLC), enterprise resource planning (ERP), and manufacturing execution system (MES). Among these technologies, ERP is witnessing the most prominent rise across the world, thanks to its high popularity among the mass.
Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11555
The smart manufacturing transformation begins with the Internet of Things (IoT). IoT-enabled gadgets send performance-related data through sensors over the system. During the phase of early-adoption, many market players struggle to build IoT applications and assimilate them with different business applications.
Smart manufacturing technologies offer a substantial competitive benefit for producers. But they're not easy to implement. Producers can overcome the challenge of early-adoption with the assistance of expertise. When seeking an expertise, it's significant to consider experts who have substantial experience aiding companies transition to smart manufacturing technologies. This will aid to cut the implementation phase and place producers on the right path from the start.
Have Any Query? Ask Our Industry Expert: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=11555
Significant Integration of Smart Manufacturing in Defense and Aerospace Industries
Among the various industries such as automotive, pharmaceuticals, aerospace and defense, food and beverages, and consumer electronics, highest demand for smart manufacturing is seen in aerospace and defense sector. Rising need for quality-controlled and customizable equipment made the aerospace and defense sector highest consumer of smart manufacturing. Simulation, modeling, and 3D printing in manufacturing has drawn attention of the leaders operating in the aerospace and defense sector. Moreover, availability to get the real-time analytics and digital-twin has also grabbed attention of players in this sector that benefit in making advanced products.
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=11555
This information is encompassed in the report by TMR, titled, "Smart Manufacturing Market (Technology - Manufacturing Execution System (MES), Programmable Logic Controller (PLC), Supervisory Controller and Data Acquisition (SCADA), Distributed Control System (DCS), Enterprise Resource Planning (ERP), Human Machine Interface (HMI), and Machine Vision; End User - Automotive, Food and Beverage, Pharmaceuticals, Aerospace and Defense, Consumer Electronics, and Energy) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."
Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/smart-manufacturing-market.htm
For the study, the Smart Manufacturing Market has been segmented as follows:
Global Smart Manufacturing Market: By Technology Type
Global Smart Manufacturing Market: By End-User Type
Global Smart Manufacturing Market: By Geography
Browse More Factory Automation Market Research Reports
Popular Report by TMR:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany, NY - 12207
USA - Canada Toll Free: 866-552-3453