The global Smart Manufacturing Market will be worth USD 484.97 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of digital technologies across all major industries, including food beverage, petrochemicals, automotive, aerospace defense, and energy power. The rising need to eliminate human machine errors, enhanced asset efficiency and production quality has increased the adoption of digitized supply chain management solutions.

Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Smart Manufacturing market include:

IBM, ABB, General Electric, Siemens, Rockwell Automation, Honeywell International, Schneider Electric, Mitsubishi Electric, Emerson Electric, Cisco

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Smart Manufacturing market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Smart Manufacturing Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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Smart Manufacturing Market Segmentation:

• Information Technology Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

  • Manufacturing Execution System
  • Human-Machine Interface
  • Warehouse Management System
  • Plant Asset Management
  • Industrial Communication
  • Enterprise Manufacturing Intelligence
  • Product lifecycle Management
  • Others

• Enabling Technology Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

  • Industrial Robotics
  • Machine Vision
  • Industrial 3D printing
  • Industrial Internet of Things (IIoT)
  • Artificial Intelligence (AI) in manufacturing
  • Blockchain in manufacturing
  • Augmented Reality and Virtual Reality in manufacturing
  • Others  

• Industry Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)

  • Energy Power
  • Aerospace Defense
  • Pharmaceuticals
  • Automotive
  • Food Beverage
  • Semiconductor electronics
  • Oil Gas
  • Chemicals
  • Others

Smart Manufacturing Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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