New York, NY -- (SBWIRE) -- 07/11/2019 -- The detailed market intelligence report on the Smart Manufacturing market applies the best of both primary and secondary research to weighs upon the competitive landscape and the prominent market players expected to dominate the Smart Manufacturing market for the forecast period, 2018 - 2023. The study not only scans through the company profile of the major vendors but also analyses their winning strategies to give business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. A detailed evaluation of the major events such as acquisition and mergers, collaborations, product launches, new entrants, and technology advancements offer a complete overview of what the future of the Smart Manufacturing market will be like in the years to come.

Global Smart Manufacturing Market:
The smart manufacturing market is expected to expand at a compound annual growth rate (CAGR) of 15.75% during the 2018-2023 period. Need for data-driven decision making, intense cost competition, and streamlining of manufacturing processes for higher productivity are the key driving forces of this market.
Advancements in digital technologies such as machine learning, machine vision, and motion control, have led to the higher adoption of industrial automation in several sectors, with greater prominence in the automotive sector. The industrial automation segment occupied the largest market share (49%) globally, in 2017, followed by the Industrial Internet of Things (IIoT) (33%). A concerted effort by the industrial sectors and technology firms have resulted in innovative solutions to cater to IIoT. Smart factories have also shown steady growth, brought about by 3D printing and distributed manufacturing control systems.

The major players covered in this report are:
KUKA, ABB Ltd, Cisco Systems, Inc., IBM Security, The Raytheon Company, Stratasys, Ltd., The Emerson Electric Co., Alpine Data Labs, SAP SE, Maersk

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The highest adoption of smart manufacturing is expected in the aerospace sector, which will expand at a CAGR of 25% during the forecasted period. This is fuelled by the increased production of advanced aircraft, such as the Boeing 787 and Airbus A350. Increased use of robots in industrial control mechanisms will drive the automotive and industrial equipment end users segment, at CAGRs of 15.6% and 11.2% respectively, during the 2018-2023 period. The chemicals and materials, food and agriculture, and healthcare sectors are also some of the promising areas for the implementation of smart manufacturing technologies.

Most important application of Smart Manufacturing products covered in this report are:
- Aerospace sector
- Automotive sector
- Industrial equipment sector
- Chemicals and materials sector
- Food and agriculture sector
- Healthcare sectors

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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India

We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Smart Manufacturing industry for the forecast period 2018-2023?
- What are the major driving forces expected to impact the development of the Smart Manufacturing market across different regions?
- Who are the major driving forces expected to decide the fate of the industry worldwide?
- Who are the prominent market players making a mark in the Smart Manufacturing market with their winning strategies?
- Which industry trends are likely to shape the future of the industry during the forecast period 2018-2023?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Smart Manufacturing market?

Most important Topics covered in this report are:
1. Market Trends & Issues
2. Growth Drivers & Enablers
3. Growth Inhibitors
4. Opportunities and Challenges
5. Recent Industry Activity
6. Product Innovations & Trends
7. Coverage of Major & Niche Players
8. Comprehensive Geographic Coverage
9. Extensive Product Coverage

Why buy?
o Understand the demand for global Smart Manufacturing to determine the viability of the market.
o Identify the developed and emerging markets where Smart Manufacturing services are offered.
o Identify the challenge areas and address them.
o Develop strategies based on the drivers, trends and highlights for each of the segments.
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
o Recognize the key competitors of this market and respond accordingly.
o Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
o Define the competitive positioning by comparing the products and services with the key players in the market.

Key elements from table of content:
Chapter 8: Company Profiles
8.1. KUKA
8.1.a. Company snapshot
8.1.b. Product offerings
8.1.c. Company initiatives
8.1.e. Geographical presence
8.1.f. Key people
Note: Similar information areas will be covered for the remaining competitors
8.2. ABB Ltd.
8.3. Cisco Systems, Inc.
8.4. IBM Security
8.5. The Raytheon Company
8.6. Stratasys, Ltd.
8.7. The Emerson Electric Co.
8.8. Alpine Data Labs
8.9. SAP SE
8.10. Maersk
Continued…

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