New York, NY -- (SBWIRE) -- 01/29/2021 -- The smart manufacturing technology market is estimated to grow from USD 318.9 billion in 2020 to USD 843.8 billion by 2025, growing at a CAGR of 14.6% from 2019 to 2027.

The latest market research report, titled 'Global Smart Manufacturing Technology Market,' methodically compiles the principal components of the global Smart Manufacturing Technology market research study. The increasing demand for knowledge-based manufacturing and connected supply chains, that are equipped with advanced control, sensing, modeling, and simulation capabilities, are driving the growth of smart manufacturing.

The global industrial sector has been afflicted by numerous concerns including intense competition, uncertainties in the supply of raw materials and energy, and exponential operational costs. As a result, industry players are actively looking for ways to decrease costs and make enterprises agile, efficient, and compliant with consumer product quality. Hence, the report aims to help readers gain viable insights into the competitive spectrum of the Smart Manufacturing Technology market. It further draws attention to the vital business expansion strategies adopted by the leading market contenders to reinforce their global market positions.

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Competitive Landscape

The report presents business mechanism and growth-oriented approaches undertaken by the leading companies operating in this Smart Manufacturing Technology market. The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers & acquisitions, joint ventures, product launches, and technological upgradation, implemented by the leading market contenders to set a firm foot in the market. Hence, this section is inclusive of the company profiles of the key players, total revenue accumulation, product sales, profit margins, product pricing, sales & distribution channels, and industry analysis.

Smart Manufacturing Technology Market segmentation by Top Manufacturers:
Emerson Electric (US), ABB (Switzerland), and Rockwell (US) are a few of the dominant players in the smart manufacturing market

By Information Technology:
Human-Machine Interface
Enterprise Manufacturing Intelligence
Plant Asset Management
Manufacturing Execution System
Industrial Communication
Warehouse Management System

By Enabling Technology:
Industrial 3D printing
Collaborative robot
IIOT
AI in manufacturing
Machine condition monitoring
Industrial machine vision
Industrial cybersecurity
Digital twin
Automated guided vehicle
Blockchain in manufacturing
AR and VR in manufacturing

By Industry
Process Industry
Oil & Gas
Food & Beverages
Pharmaceuticals
Chemicals
Energy & Power
Metals & Mining
Pulp & Paper
Others
Discrete Industry
Automotive
Aerospace & Defense
Semiconductor & electronics
Medical Devices
Machine Manufacturing
Others

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Smart Manufacturing Technology Market Geographical Analysis:

The latest business intelligence report analyzes the global Smart Manufacturing Technology market in terms of market reach and consumer bases in the market's key geographical regions. The global Smart Manufacturing Technology market can be categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa based on geography. This section of the report precisely evaluates the presence of the global Smart Manufacturing Technology market in the major regions. It determines the market share, market size, revenue contribution, sales network, and distribution channels of each regional segment.

 Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets

Key Highlights of the Global Smart Manufacturing Technology Market Report:

Location Quotients Analysis
Raw Material Sourcing Strategy
Product Mix Matrix
Supply chain optimization analysis
Patent Analysis
R&D Analysis
Carbon Footprint Analysis
Pre-commodity pricing volatility
Cost-Benefit Analysis
Regional demand estimation and forecast
Competitive Analysis
Vendor Management
Mergers & Acquisitions
Technological advancements

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TABLE OF CONTENTS: Global Smart Manufacturing Technology Market

Chapter 1. Smart Manufacturing Technology MARKET SYNOPSIS

1.1. Smart Manufacturing Technology Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Smart Manufacturing Technology Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Smart Manufacturing Technology MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Smart Manufacturing Technology Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter's Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Continued....

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