Smart Manufacturing Market Size, Business Revenue Forecast, Leading Competitors And Growth Trends

The global smart manufacturing market size is expected to reach a valuation of USD 727 billion by 2030 growing at a CAGR of 12% during the forecast period (2022–2030).

Smart Manufacturing Market Information:

Smart manufacturing is the process of enhancing productivity, efficiency, and flexibility in manufacturing processes by integrating cutting-edge technology like artificial intelligence, machine learning, IoT (Internet of Things), and data analytics. Smart manufacturing allows for real-time monitoring, analysis, and decision-making through the connection of machines, devices, and systems. This results in improved resource utilization, predictive maintenance, and streamlined production workflows. By providing automation, predictive capabilities, and connection throughout the whole production lifecycle, it transforms traditional manufacturing and eventually spurs cost savings, quality enhancement, and innovation in the manufacturing industry.

The global smart manufacturing market size is expected to reach a valuation of USD 727 billion by 2030 growing at a CAGR of 12% during the forecast period (2022–2030).

Competitive Landscape

  1. Siemens AG
  2. General Electric
  3. Rockwell Automation
  4. Schneider Electric
  5. Honeywell International Inc.
  6. Emerson Electric
  7. Fanuc
  8. Robert Bosch GmbH
  9. Mitsubishi Electric Corporation
  10. ABB
  11. HP Development Company

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Studies explore the effects of COVID-19 on the upstream, midstream, and downstream sectors of the industry. In addition, this analysis provides extensive market estimations by putting an emphasis on data covering numerous factors that encompass market dynamics such as market drivers, market barriers, market opportunities, market risks, and industry news and trends.

This research also provides a dashboard view of prominent Organization, highlighting their effective marketing tactics, market share and most recent advances in both historical and current settings.

Global Smart Manufacturing Market: Segmentation

As a result of the Smart Manufacturing market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

  1. By Component
    1. Hardware
    2. Software
    3. Services
  2. By Technology
    1. Machine Execution Systems (MES)
    2. Programmable Logic Controller (PLC)
    3. Enterprise Resource Planning (ERP)
    4. SCADA
    5. Discrete Control Systems (DCS)
    6. Machine Vision
    7. 3D Printing
    8. Plant Lifecycle Management
    9. Plant Asset Management
    10. Product Lifecycle Management
    11. Human Machine Interface
  3. By Deployment
    1. Cloud
    2. On-Premises
  4. By Enterprise Size
    1. Large Enterprises
    2. Small & Medium Enterprises
  5. By End-Use
    1. Automotive
    2. Aerospace & Defense
    3. Chemicals & Materials
    4. Healthcare
    5. Industrial Equipment
    6. Semiconductor and Electronics/High-Tech
    7. Food & Agriculture
    8. Oil & Gas
    9. Pulp & Paper
    10. Medical Devices
    11. Mining & Metals
    12. Others

Stay ahead of the competition with our in-depth analysis of the market trends!

The following are the report's key features:

  • It gives useful information on the Global Smart Manufacturing Market.
  • Information for the years 2022-2030 is provided.
  • Market-related important factors are highlighted.
  • The latest technological innovations, government restrictions, and developments are presented.
  • This paper investigates advertising and marketing techniques, market trends, and analysis.
  • Growth projections and analyses by forecast 2030.
  • The statistical analysis of the market's leading competitors is emphasised.
  • Smart Manufacturing Market summary based on extensive study.

Other aspects of the report include:

  • Provides a complete review of important tactics in numerous firms, with an emphasis on corporate structure, R&D processes, localization strategies, manufacturing capabilities, sales, and performance.
  • Provides essential product portfolio information, including product planning, development, and positioning.
  • Analyzes the role of significant market participants, as well as their collaborations, mergers, and acquisitions.

About Straits Research

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Gaurav Rathod

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