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Smart Manufacturing Market Size, Share, Report, Analysis, Trends & Forecast to 2026

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According to Stratistics MRC, the Global Smart Manufacturing market is accounted for $153.80 billion in 2017 and is expected to reach $436.89 billion by 2026 growing at a CAGR of 12.3% during the forecast period.

— Growing demand for software systems that reduces time and cost, rising emphasis on regulatory compliances and rising use of industrial automation in manufacturing are some of the factors boosting the market growth. However, low adoption of technologies owing to technical issues and lack of standardization among equipment manufacturers and in connectivity protocols are the factors hampering the market. In addition, the integration of different solutions to provide improved performance and increasing adoption of IOT and cloud platforms are providing ample of opportunities.

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Smart manufacturing involves the use of automation equipment and the aim 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. It is a method of manufacturing which aims at optimizing the concept, product manufacturing, and transaction process.

Based on the end user, the automotive segment accounted owing to increasing demand for automobiles in developing countries; technological innovations, such as electric cars, fuel-efficient cars, connected cars; and growing competition in the market are expected to drive the demand for smart manufacturing in the automotive industry. Installing robots has helped several automotive companies to offset the shortage and high costs of acquiring and retaining skilled labor.

By Geography, the Asia Pacific region is the world’s one of the fastest evolving due to increased spending on improving performance, security, and economic stability. The region is witnessing a surge in the deployment of smart manufacturing technologies. China, being one of the top manufacturing countries, has been adopting enabling technologies to increase operational efficiency and production in the country.

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Some of the key players profiled in the Smart Manufacturing market include IBM, Honeywell, GE, Stratatys, 3d Systems, Daifuku, 4 Jbt, Cisco, Schneider, Siemens, Emerson, Oracle, SAP, Yokogawa, Abb and Rockwell.

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Components Covered:
• Sensor
• Machine Vision Systems
• Robotics
• Control Device
• Communication Segment
• Other Components

Technologies Covered:
• Information Technology
• Enabling Technology

End Users Covered:
• Discrete Industry
• Process Industry

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

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Source: MarketersMedia

Release ID: 500769

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