Smart Manufacturing Market is a detailed report, which presents a combination of industry knowledge and research expertise based on regions too. This report delivers the market trends along with the market size for every individual sector.
Los Angeles, CA -- (SBWIRE) -- 04/11/2019 -- Smart manufacturing is a combination of various technologies and solutions which collectively, if implemented in a manufacturing ecosystem. These technologies and solutions are called "enablers", which help in optimizing the entire manufacturing process and thus increase overall profits. Some of the prominent enablers in the current market scenario include: Artificial intelligence, Blockchain in manufacturing, Industrial internet of things, Robotics, Condition monitoring, Cvber security and more.
Automotive and aerospace & defense industries are the leading growth avenues for smart manufacturing solution providers with industries such as oil and gas and industrial equipment manufacturing rapidly scaling their digitalization efforts. With the proliferation of 3D printing, simulation, and modeling in manufacturing and design, these industries are expected to continue to maintain a significant growth rate over the forecast period. Though numerous solutions are available in the market, digital twin and real-time analytics are anticipated to spearhead the penetration of digitalization in these industries.
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In 2018, the global Smart Manufacturing market size was 155700 million US$ and it is expected to reach 301100 million US$ by the end of 2025, with a CAGR of 9.9% between 2019 and 2025.
This report studies the Smart Manufacturing market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
This report focuses on the global top players, covered
GE
ABB
Siemens
SAP
Schneider
Emerson
Oracle
IBM
Honeywell
Cisco
Rockwell
Yokogawa
Fanuc
NVIDIA
Keyence
Cognex
Stratatys
3D Systems
Daifuku
Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa
Market segment by Type, the product can be split into
Manufacturing IT (MES, ERP, PLM, APC, EAM, etc.)
Automation Control System (DCS, PLC, HMI, SCADA, FCS, etc.)
Instrumentation & Field Devices (Sensors, Actuators, Drives, Valves, etc.)
Market segment by Application, the market can be split into
Automotive
Aerospace & Defense
Chemicals & Materials
Healthcare
Industrial Equipment
Electronics
Oil & Gas
Others
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