Smart Manufacturing Market segment, Size, Trends, Opportunities, Demand, Growth Analysis and Forecast by 2030

Global smart manufacturing market was valued at USD 25.85 billion in 2022 and is expected to reach USD 81.23 billion by 2030, registering a CAGR of 14.8% during the forecast period from 2023 to 2030.

Smart Manufacturing Market Research report 2030 is a well-generated market report which helps achieve comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market. This report deals with plentiful aspects of the Semiconductors and Electronics industry. The CAGR values covered here estimates the fluctuation about the rise or fall of demand for the specific forecasted period with respect to investment. A comprehensive market study and analysis of trends in consumer and supply chain dynamics underlined in this report assists businesses in drawing the strategies about sales, marketing, advertising, and promotion.

Global smart manufacturing market was valued at USD 25.85 billion in 2022 and is expected to reach USD 81.23 billion by 2030, registering a CAGR of 14.8% during the forecast period from 2023 to 2030.

Smart Manufacturing Market Scope and Segmentation

REPORT METRIC

DETAILS

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Component (Hardware, Software, Services), Technology (Machine Execution Systems, Programmable Logic Controller, Enterprise Resource Planning, SCADA, Discrete Control Systems, Human Machine Interface, Machine Vision, 3D Printing, Product Lifecycle Management, Plant Asset Management), End-User (Automotive, Aerospace and Defense, Chemicals and Materials, Healthcare, Industrial Equipment, Electronics, Food and Agriculture, Oil and Gas, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Siemens (Germany), GENERAL ELECTRIC (U.S.), ABB (Switzerland), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), Honeywell International Inc. (U.S.), FANUC CORPORATION (Japan), Mitsubishi Electric Corporation (Japan), Emerson Electric Co. (U.S.), Yokogawa India Ltd. (India), Bosch Limited (India), Stratasys Ltd. (Israel), TE Connectivity Ltd (Switzerland), Texas Instruments Incorporated (U.S.), KUKA AG (Germany), SAP ERP (Germany), HP Development Company, L.P. (U.S.), OMRON Corporation (Japan), Dassault Systèmes (France)

Market Opportunities

·       Rising urbanisation and industrialisation

·       The growing use of smart manufacturing in smart cities

·       The rising need for smart manufacturing electronics and semiconductor

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Market Definition

Smart manufacturing is a type of method of manufacturing which aims at optimizing the concept, product manufacturing and transaction process. Smart manufacturing involves the use of automation machinery and the goal to be achieved through this process is the use of information technology to use it for the advantage of reaching a global market. This manufacturing decreases the workload and makes for more flexibility in the entire process.

Global Smart Manufacturing Market Dynamics

Drivers

  • Increase in the Requirement for Smart Manufacturing Sensor-Rich Applications

Sensor advancements that consistently provide precise and accurate measurements have been crucial in increasing demand in novel applications, which will further accelerate the growth of the market. The smart manufacturing market are the rising attention on the energy absorption, manufacturing effectiveness, and the growing practice for a developed base for the manufacturing

  • Rise in the Usage of IoT Solutions

Industry 4.0 and the Industrial internet of things (IoT) have increased demand for diagnostics and mobile-based access, which will propel the industry forward. The existence of the multinational corporations funding in the research and development for industrial technologies, industrial Internet of Things (IoT) and as well as the cloud technology are the factors that will further boost the growth of the smart manufacturing market

Opportunity

  • Technological Advancements and Innovation

The continuous advancements in robotics technology, including developments in artificial intelligence, machine learning, and sensor technologies, present significant opportunities for the global smart manufacturing market. These innovations enable robots to become more intelligent, versatile, and capable of handling complex tasks, expanding their application possibilities across various industries  

Regional incites: -

  • Asia-Pacific dominates the smart manufacturing market due to the rising presence of a large number of smart manufacturing companies stimulated by the need to compete at international levels, increasing emphasis on regulatory compliances, hiking complexities in supply chains and increasing demand for software systems that reduce time and cost in this region.  

Get the Full report link @ https://www.databridgemarketresearch.com/reports/global-smart-manufacturing-market

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Smart Manufacturing Market Landscape

Part 04: Smart Manufacturing Market Sizing

Part 05: Smart Manufacturing Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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