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How Smart Manufacturing Market Bomming Worldwide | Fortune Business Insights

The global smart manufacturing market size is expected to reach USD 506.33 billion by 2027, exhibiting a CAGR of 12.2% during the forecast period. The increasing adoption of advanced robotic solutions including swarm robotics, autonomous mobile robots and cobots in industries will provide impetus to the market during the forecast period, states Fortune Business Insights in a report, titled “Smart Manufacturing Market Size, Share & COVID-19 Impact Analysis, By Component (Solution and Services), By Deployment (Cloud and On-premise), By Enterprise Size (Small & Medium Enterprise (SMEs) and Large Enterprise), By Industry (Discrete and Process), and Regional Forecast, 2020-2027.” The market size stood at USD 204.95 billion in 2019.

Reasons to Purchase this Report:

  • Comprehensive analysis of the Medical Lighting Technologies smart manufacturing market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

The coronavirus pandemic has caused enormous financial crisis across various sectors around the globe. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

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List of Key Players for Smart Manufacturing Market

  • ABB Ltd. (Zürich, Switzerland)
  • Siemens AG (Munich, Germany)
  • General Electric (Massachusetts, U.S.)
  • Mitsubishi Electric Corporation (Tokyo, Japan)
  • Robert Bosch GmBH (Gerlingen, Germany)
  • Rockwell Automation Inc. (Wisconsin, U.S.)
  • Schneider Electric (Rueil-Malmaison, France)
  • Honeywell International Inc. (North Carolina, U.S.)
  • Emerson Electric Co. (Missouri, U.S.)
  • Fanuc Corporation (Yamanashi, Japan)
  • Yokogawa Electric Corporation (Tokyo, Japan)
  • Telefonaktiebolaget LM Ericsson (Stockholm, Sweden)

The report on the smart manufacturing market incorporates:

  • Authoritative analysis of the market for smart manufacturing
  • Evolving plans and tactics of corporations
  • Present and future projections
  • Dominant regions in the world
  • Covid-19 influence on the manufacturing industry

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Major Segments for Smart Manufacturing Market

By Component

Solution

  • Industrial 3D Printing
  • Programmable Logic Controller (PLC)
  • Product Lifecycle Management (PLM)
  • Manufacturing Execution System (MES)
  • Robotic Process Automation (RPA)
  • Remote Monitoring software
  • Supervisory Controller and Data Acquisition (SCADA)
  • Others (Energy Management Systems, Fleet Management Solutions, etc.)

Services

  • Professional Services
  • Managed Services

By Deployment

  • Cloud
  • On-premise

By Enterprise Size

  • Small & Medium Enterprise (SMEs)
  • Large Enterprise

By Industry

Discrete Industry

  • Automotive
  • Transportation
  • Industrial machinery
  • Medical devices
  • Semiconductor and Electronics/High-Tech
  • Others (Aerospace and Defense, etc.)

Process Industry

  • Pharmaceuticals
  • Mining and Metals
  • Chemicals
  • Pulp and Paper
  • Others (Cable, etc.)

By Geography

  • North America (The U.S., Canada)
  • Europe (The U.K., Germany, France, Italy, Spain, Rest of Europe)
  • Asia Pacific (China, Japan, India, South East Asia, Rest of Asia Pacific)
  • Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa)
  • Latin America (Mexico, Brazil, Rest of Latin America)

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Table of Contents Industrial Automation to Encourage Market:

1. Introduction

  • Definition, By Segment
  • Research Methodology/Approach
  • Data Sources

2. Executive Summary

3. Market Dynamics

  • Macro and Micro Economic Indicators
  • Drivers, Restraints, Opportunities and Trends
  • Impact of COVID-19
  • Short-term Impact
  • Long-term Impact

4. Competition Landscape

  • Business Strategies Adopted by Key Players
  • Consolidated SWOT Analysis of Key Players
  • Porter’s Five Force Analysis
  • Global Smart Manufacturing Market Share Analysis and Matrix, 2019

5. Key Market Insights and Analysis, By Segments

5.1  Global Smart Manufacturing Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

5.2 By Component (Value)

Solution

  • Industrial 3D Printing
  • Programmable Logic Controller (PLC)
  • Product Lifecycle Management (PLM)
  • Manufacturing Execution System (MES)
  • Robotic Process Automation (RPA)
  • Remote Monitoring software
  • Supervisory Controller and Data Acquisition (SCADA)
  • Others (Energy Management Systems, Fleet Management Solutions, etc.)

Services

  • Professional Services
  • Managed Services

5.3 By Deployment (Value)

  • Cloud
  • On-premise

5.4 By Enterprise Size (Value)

  • Small & Medium Enterprise (SMEs)
  • Large Enterprise

5.5 By Industry (Value)

Discrete Industry

  • Automotive
  • Transportation
  • Industrial machinery
  • Medical devices
  • Semiconductor and Electronics/High-Tech
  • Others (Aerospace and Defense, etc.)

Process Industry

  • Pharmaceuticals
  • Mining and Metals
  • Chemicals
  • Pulp and Paper
  • Others (Cable, etc.)

5.6 By Region (Value)

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

TOC Continued…!

KEY QUESTIONS ANSWERED:

  • What is the smart manufacturing market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Medical Lighting Technologies Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the smart manufacturing market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

Important Development

November 2019 – Schneider Electric inaugurated its second smart factory facility in Bengaluru. The factory encompasses the company’s EcoStruxure open platform that enables preventive maintenance to optimize costs & enhance agility and real-time monitoring of machine performance.

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