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The Smart Manufacturing Market Size was esteemed at USD 291.87 billion in 2023 and is supposed to arrive at USD 880.42 billion by 2032 and develop at a CAGR of 14.8% over the forecast period 2024-2032.
Smart manufacturing enhances efficiency and productivity through automation, real-time data analytics, and integrated solutions. Predictive maintenance keeps IoT-connected machines and equipment running seamlessly, and automated workflows ensure that everything is running at maximum capacity. Advanced smart solutions and data analytics provide agility and responsiveness manage market changes better and allow for personalized production. Smart and integrated solutions ensure that processes and operations are streamlined, and energy is used sparingly, which directly benefits sustainability and the green credentials of the factory. Finally, quality control is maintained through linking supply chain and manufacturing operations ensuring that industry standards are always met.
The budget proposes committing to sustainable development with the funding of the promotion and spreading of electric vehicles and their charging infrastructure across the nation. The initiative will benefit the country by reducing carbon emissions and creating a market for green mobility.
The two most common industries of industry 4.0 are information technology and automobile industry. Consequently, in the market, the automotive industry has assisted the manufacturers to easily create an automated assembly line. An automated assembly line helps the manufacturer not only to automate vehicle parts but also to automate in making the whole car.
In Siemens and Boeing (2023): Partnered to develop and implement a revolutionary automated NDT system for inspecting airplane wings. This system utilizes robotics and advanced sensors to perform ultrasonic testing on wing structures, ensuring structural integrity and reducing inspection time by up to 50%. This collaboration exemplifies how leading manufacturers are embracing cutting-edge NDT technologies to streamline production processes and enhance aircraft safety.
According to one of the survey, “the use of 3D printing has seen a 10%-point increase from 2022-2023; however, only 28% of companies view it as a potential solution to their business challenges. While more respondents are adopting 3D printing, a significant portion 26% remains at the awareness stage. This may be due to the diverse applications of 3D printing, such as its extensive use in prototyping with polymers for testing product ideas.”
Every other industry has created an important market that industrial automation has made due to its various advantages and opportunities. Therefore, it does not matter in which industry the company or manufacturer is every individual wants to apply smart manufacturing to their own. Therefore, the information technology sector is not just a participant in the market, it is also a foundation for the market and is a qualified participant. Therefore, the Industrial market has been dispensed and since internet of things has been recently initialized and standardized. The anonymous entry-level industry, manufacture, and equity of the market have all been standardized by the internet of things. Furthermore, the information technology sector is implementing modern solutions including augmented reality, virtual reality, machine learning, artificial intelligence, and the several modern solutions of the market.
DRIVERS
The surging demand for software systems that reduce time and cost is driven by businesses seeking to enhance operational efficiency and maximize profitability.
The increasing demand for software systems that help to save time and cost is due to the fact that companies are more oriented towards enhancing operational efficiency and optimizing profitability. In such a competitive business environment, an increasing number of organizations are relentlessly striving to optimize their performance without compromising the quality. Software systems that help to automate some aspects of business operation, optimize resource allocation or improve project management are likely to be applied to. In such a way, businesses can count on faster response times and reduced labor costs, coming with the elimination of manual measures and reduced human error.
This demand led to the increased use of computers and, therefore, various applications, including word processors, accounting software, and other organizational programs. The use of different versions of these systems helps these companies manage their operations, optimize their workforce, maximize performance, and reduce costs. Systems focused on accounting, customers, inventories, employee information, and supplies, allow small and medium-sized companies to choose and personalize them, increasing or decreasing their capacity and enlarging the control.
The cloud-based, these systems also offer a high level of security and regular adjustments by the hosting company. The installation of these software systems into the current machinery and workflow also saves money. For example, inventory management systems help organizations in product storage or stock management, reducing stocking parts’ costs, and benefits of storage/waste: stockouts or overstock overall. At the same time, project management systems help teams communicate and work together better, spending less time on appropriate possible approvals.
The growing adoption of advanced technologies like big data, cloud computing, and 5G is driving smart manufacturing by enabling secure data management, faster machine communication, and real-time process monitoring.
The manufacturing sector has been witnessing a revolution in the recent period. Increased and immense adoption of high-level technologies like 5G, big data and cloud computing is behind the transformation. These technologies influence the sector through their provision of a favourable environment for smart manufacturing solutions. The effect of big data, cloud computing and 5G provides a mechanism which ensures that manufacturing processes are efficient, productive and flexible. A big data driving operation allows a manufacturer to handle an enormous amount of data.
Consequently, information obtained is used to affect improvements, predict failures and maintain quality products. This is a result of more informed decisions which are linked up and down the manufacturing process. As a result, the manufacturing process is enhanced, and innovation and creativity are fostered.
Useful and cost-effective storage base on which databases are stored is a great advantage to manufacturers. Provision of cloud software ensures manufacturers can access data from any source and location. It is essential for the manufacturing process, which is in use because it is linked up with a broad range of stakeholders and other involved parties like distributors. The cloud services used are also essential because they are linked and supplement security by safeguarding the whole of manufacturing processes from cyber-attacks. This is essential for manufacturing as the integration of these processes is essential to ensure efficiency.
RESTRAIN
The absence of standardized practices among equipment manufacturers and in connectivity protocols.
The absence of standardized practices among equipment manufacturers and in connectivity protocols is one of the significant challenges in the industry. Since there is no uniform standard companies follow, many products cannot be integrated due to compatibility issues, ultimately leading to slow process and ineffective work. Thus, one of the key barriers to technology adoption is avoiding investment and additional time expenditure on making various products compatible and understanding how they work with other items. Thus, the absence of standardization results in connectivity protocols produced by various companies not working properly as they cannot share data in an efficient manner. This issue is critical for both industrial automation, smart homes, and the Internet of Things. The sector cannot function effectively if appliances do not work together and product data cannot be shared. Similarly, standardization of connectivity can allow better automation of work machines, which can optimize production, minimize incorrect operations, and, ultimately, improve performance.
By Component
The software accounted for the largest revenue share of approx. 49.9% in 2023 and is expected to dominate the market over the forecast period. This is primarily due to the fact that the industry is moving towards complete automation and the software form the part of the backbone of the industry. The advanced software would enable the robots, drones, and other machinery to run without any intervention required from the human.
The hardware segment is anticipated to grow at the highest CAGR of 14.2% over the forecast period. The market is going to require high-level hardware that goes in harmony with advanced software. In order for the advanced software to be applicable, it requires modern and up to date hardware. The manufacturing plants would use the hardware that is low power consuming and is swift and can run the parts with light sensors.
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By Technology
The Discrete control system segment captured the highest market share of 16.5% in 2023 and is expected to maintain its dominance over the forecast period. The discrete control system technology runs in the background and offers control and monitor facility to the administrator. The market provides the technological command and overview of every process in its basic and advanced level. The market is highly accessible anywhere due to this amalgamation of technology and industrial automation.
The 3D printing segment is expected to grow at a highest CAGR of 17.9% over the forecast period. The smart manufacturers can draw any small or larger part using 3D software and then, print it on the 3D printer. The 3D printing saves time and cost of a smart manufacturing plant as it is extremely easy to draw and print it then and there. The market is a considerable purchaser and investor in the 3D printing equipment and software.
By End-Use
The Automotive industry registered a largest revenue share approx. 24.6% in 2023 over the forecast period. Many automotive manufacturers are running at very minimal profits, so they turn towards smart manufacturing to reduce waste and cost and to increase their margins. The market also helps automotive companies maintain a high level of standardization of their products.
The Aerospace & defense industry segment is predicted to register a significant CAGR of 16.8% over the forecast period. This industry is investing heavily in smart manufacturing as precision in the product is key. For space research, multiple flights are needed for testing which can only be achieved by smart manufacturing rockets at a rapid pace. The defense industry invests significantly in industrial automation to be able to come up with modern defense mechanisms to mitigate any new threats.
REGIONAL ANALYSIS
Asia Pacific region amounted to a leading market share of approx. 37.2% in 2023 and is projected to be the fastest-growing region over the forecast period. This can be attributed to vast opportunities across the developing countries such as India, China, and others that are on introduction of full automation.
North America is anticipated to grow at the highest CAGR over the forecast period due to the established dominant position of the region as a center for industrial automation, using of advanced technology and innovative manufacturing methods. Positive business climate, in particular in the US owing to the tax code reforms, substantial support packages for the manufacturing and infrastructure sector, and presence of the significant players in the high-tech space. Development of smart manufacturing in the industries is spurred due to the focus on the efficient exploitation of assets in the enterprises, necessity to follow prohibitive compliance with tougher conditions on workplace safety, and maintaining high standard of products quality.
The major key players are 3D System, Inc., ABB, Cisco System, Inc., Emerson Electric, General Electric, Honeywell International Inc., IBM, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens, Oracle, SAP, Stratasys, Yokogawa Electric Corporation and others.
RECENT DEVELOPMENT
In June 2023: Honeywell unveiled its latest innovation, the Honeywell Digital Prime solution a cloud-based digital twin designed to streamline the monitoring, management, and testing of process control changes and system modifications. This cost-effective tool empowers users to conduct frequent testing, leading to heightened precision in results and a notable reduction in the need for reactive maintenance.
In May 2023: Rockwell Automation Inc. collaborated with autonox Robotics, for the expansion and invention of robot mechanics. This partnership is expected to bring Kinetix motors and drives of Rockwell along with the autonox’s robot mechanics to achieve new manufacturing possibilities.
In April 2023: ABB is expected to invest USD 170 million in the U.S. market to create highly skilled jobs in manufacturing, innovation, and distribution operations. This investment is expected to create more demand for electrification and automation products.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 291.87 Billion |
Market Size by 2032 | US$ 88.42 Billion |
CAGR | CAGR of 14.8% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Component (Hardware, Software, Services) • By Technology (Machine Execution Systems, Programmable Logic Controller, Enterprise Resource Planning, SCADA, Discrete Control Systems, Human Machine Interface, Machine Vision, 3D Printing, Product Lifecycle Management, Plant Asset Management) • By End-Use (Automotive, Aerospace & Defence, Chemicals & Materials, Healthcare, Industrial Equipment, Electronics, Food & Agriculture, Oil & Gas, Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | 3D System, Inc., ABB, Cisco System, Inc., Emerson Electric Co., General Electric, Honeywell International Inc., IBM, Mitsubishi Electric Corporation, Rockwell Automation, Schneider Electric, Siemens, Oracle, SAP, Stratasys, Yokogawa Electric Corporation |
Key Drivers |
• The growing adoption of advanced technologies like big data, cloud computing, and 5G is driving smart manufacturing by enabling secure data management, faster machine communication, and real-time process monitoring. |
RESTRAINTS | • The absence of standardized practices among equipment manufacturers and in connectivity protocols. |
Ans: The Smart Manufacturing Market is expected to grow at a CAGR of 14.8%.
Ans: Smart Manufacturing Market size was USD 291.87 billion in 2023 and is expected to Reach USD 880.42 billion by 2032.
Ans: Discrete Control Systems is the dominating segment by technology in the Smart Manufacturing Market.
Ans: The surging demand for software systems that reduce time and cost is driven by businesses seeking to enhance operational efficiency and maximize profitability.
Ans: Asia-Pacific is the dominating region in the Smart Manufacturing Market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Smart Manufacturing Market Segmentation, By Component
7.1 Introduction
7.2 Hardware
7.3 Software
7.4 Services
8. Smart Manufacturing Market Segmentation, By Technology
8.1 Introduction
8.2 Machine Execution Systems
8.3 Programmable Logic Controller
8.4 Enterprise Resource Planning
8.5 SCADA
8.6 Discrete Control Systems
8.7 Human Machine Interface
8.8 Machine Vision
8.9 3D Printing
8.10 Product Lifecycle Management
8.11 Plant Asset Management
9. Smart Manufacturing Market Segmentation, By End-Use
9.1 Introduction
9.2 Automotive
9.3 Aerospace & Defence
9.4 Chemicals & Materials
9.5 Healthcare
9.6 Industrial Equipment
9.7 Electronics
9.8 Food & Agriculture
9.9 Oil & Gas
9.10 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 Trend Analysis
10.2.2 North America Smart Manufacturing Market by Country
10.2.3 North America Smart Manufacturing Market, by Component
10.2.4 North America Smart Manufacturing Market, by Technology
10.2.5 North America Smart Manufacturing Market by End-User
10.2.6 USA
10.2.6.1 USA Smart Manufacturing Market, by Component
10.2.6.2 USA Smart Manufacturing Market, by Technology
10.2.6.3 USA Smart Manufacturing Market by End-User
10.2.7 Canada
10.2.7.1 Canada Smart Manufacturing Market, by Component
10.2.7.2 Canada Smart Manufacturing Market, by Technology
10.2.7.3 Canada Smart Manufacturing Market by End-User
10.2.8 Mexico
10.2.8.1 Mexico Smart Manufacturing Market, by Component
10.2.8.2 Mexico Smart Manufacturing Market, by Technology
10.2.8.3 Mexico Smart Manufacturing Market by End-User
10.3 Europe
10.3.1 Trend Analysis
10.3.2 Eastern Europe
10.3.2.1 Eastern Europe Smart Manufacturing Market by Country
10.3.2.2 Eastern Europe Smart Manufacturing Market, by Component
10.3.2.3 Eastern Europe Smart Manufacturing Market, by Technology
10.3.2.4 Eastern Europe Smart Manufacturing Market by End-User
10.3.2.5 Poland
10.3.2.5.1 Poland Smart Manufacturing Market, by Component
10.3.2.5.2 Poland Smart Manufacturing Market, by Technology
10.3.2.5.3 Poland Smart Manufacturing Market by End-User
10.3.2.6 Romania
10.3.2.6.1 Romania Smart Manufacturing Market, by Component
10.3.2.6.2 Romania Smart Manufacturing Market, by Technology
10.3.2.6.4 Romania Smart Manufacturing Market by End-User
10.3.2.7 Hungary
10.3.2.7.1 Hungary Smart Manufacturing Market, by Component
10.3.2.7.2 Hungary Smart Manufacturing Market, by Technology
10.3.2.7.3 Hungary Smart Manufacturing Market by End-User
10.3.2.8 Turkey
10.3.2.8.1 Turkey Smart Manufacturing Market, by Component
10.3.2.8.2 Turkey Smart Manufacturing Market, by Technology
10.3.2.8.3 Turkey Smart Manufacturing Market by End-User
10.3.2.9 Rest of Eastern Europe
10.3.2.9.1 Rest of Eastern Europe Smart Manufacturing Market, by Component
10.3.2.9.2 Rest of Eastern Europe Smart Manufacturing Market, by Technology
10.3.2.9.3 Rest of Eastern Europe Smart Manufacturing Market by End-User
10.3.3 Western Europe
10.3.3.1 Western Europe Smart Manufacturing Market by Country
10.3.3.2 Western Europe Smart Manufacturing Market, by Component
10.3.3.3 Western Europe Smart Manufacturing Market, by Technology
10.3.3.4 Western Europe Smart Manufacturing Market by End-User
10.3.3.5 Germany
10.3.3.5.1 Germany Smart Manufacturing Market, by Component
10.3.3.5.2 Germany Smart Manufacturing Market, by Technology
10.3.3.5.3 Germany Smart Manufacturing Market by End-User
10.3.3.6 France
10.3.3.6.1 France Smart Manufacturing Market, by Component
10.3.3.6.2 France Smart Manufacturing Market, by Technology
10.3.3.6.3 France Smart Manufacturing Market by End-User
10.3.3.7 UK
10.3.3.7.1 UK Smart Manufacturing Market, by Component
10.3.3.7.2 UK Smart Manufacturing Market, by Technology
10.3.3.7.3 UK Smart Manufacturing Market by End-User
10.3.3.8 Italy
10.3.3.8.1 Italy Smart Manufacturing Market, by Component
10.3.3.8.2 Italy Smart Manufacturing Market, by Technology
10.3.3.8.3 Italy Smart Manufacturing Market by End-User
10.3.3.9 Spain
10.3.3.9.1 Spain Smart Manufacturing Market, by Component
10.3.3.9.2 Spain Smart Manufacturing Market, by Technology
10.3.3.9.3 Spain Smart Manufacturing Market by End-User
10.3.3.10 Netherlands
10.3.3.10.1 Netherlands Smart Manufacturing Market, by Component
10.3.3.10.2 Netherlands Smart Manufacturing Market, by Technology
10.3.3.10.3 Netherlands Smart Manufacturing Market by End-User
10.3.3.11 Switzerland
10.3.3.11.1 Switzerland Smart Manufacturing Market, by Component
10.3.3.11.2 Switzerland Smart Manufacturing Market, by Technology
10.3.3.11.3 Switzerland Smart Manufacturing Market by End-User
10.3.3.12 Austria
10.3.3.12.1 Austria Smart Manufacturing Market, by Component
10.3.3.12.2 Austria Smart Manufacturing Market, by Technology
10.3.3.12.3 Austria Smart Manufacturing Market by End-User
10.3.3.13 Rest of Western Europe
10.3.3.13.1 Rest of Western Europe Smart Manufacturing Market, by Component
10.3.3.13.2 Rest of Western Europe Smart Manufacturing Market, by Technology
10.3.3.13.3 Rest of Western Europe Smart Manufacturing Market by End-User
10.4 Asia-Pacific
10.4.1 Trend Analysis
10.4.2 Asia-Pacific Smart Manufacturing Market by Country
10.4.3 Asia-Pacific Smart Manufacturing Market, by Component
10.4.4 Asia-Pacific Smart Manufacturing Market, by Technology
10.4.5 Asia-Pacific Smart Manufacturing Market by End-User
10.4.6 China
10.4.6.1 China Smart Manufacturing Market, by Component
10.4.6.2 China Smart Manufacturing Market, by Technology
10.4.6.3 China Smart Manufacturing Market by End-User
10.4.7 India
10.4.7.1 India Smart Manufacturing Market, by Component
10.4.7.2 India Smart Manufacturing Market, by Technology
10.4.7.3 India Smart Manufacturing Market by End-User
10.4.8 Japan
10.4.8.1 Japan Smart Manufacturing Market, by Component
10.4.8.2 Japan Smart Manufacturing Market, by Technology
10.4.8.3 Japan Smart Manufacturing Market by End-User
10.4.9 South Korea
10.4.9.1 South Korea Smart Manufacturing Market, by Component
10.4.9.2 South Korea Smart Manufacturing Market, by Technology
10.4.9.3 South Korea Smart Manufacturing Market by End-User
10.4.10 Vietnam
10.4.10.1 Vietnam Smart Manufacturing Market, by Component
10.4.10.2 Vietnam Smart Manufacturing Market, by Technology
10.4.10.3 Vietnam Smart Manufacturing Market by End-User
10.4.11 Singapore
10.4.11.1 Singapore Smart Manufacturing Market, by Component
10.4.11.2 Singapore Smart Manufacturing Market, by Technology
10.4.11.3 Singapore Smart Manufacturing Market by End-User
10.4.12 Australia
10.4.12.1 Australia Smart Manufacturing Market, by Component
10.4.12.2 Australia Smart Manufacturing Market, by Technology
10.4.12.3 Australia Smart Manufacturing Market by End-User
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Smart Manufacturing Market, by Component
10.4.13.2 Rest of Asia-Pacific Smart Manufacturing Market, by Technology
10.4.13.3 Rest of Asia-Pacific Smart Manufacturing Market by End-User
10.5 Middle East & Africa
10.5.1 Trend Analysis
10.5.2 Middle East
10.5.2.1 Middle East Smart Manufacturing Market by Country
10.5.2.2 Middle East Smart Manufacturing Market, by Component
10.5.2.3 Middle East Smart Manufacturing Market, by Technology
10.5.2.4 Middle East Smart Manufacturing Market by End-User
10.5.2.5 UAE
10.5.2.5.1 UAE Smart Manufacturing Market, by Component
10.5.2.5.2 UAE Smart Manufacturing Market, by Technology
10.5.2.5.3 UAE Smart Manufacturing Market by End-User
10.5.2.6 Egypt
10.5.2.6.1 Egypt Smart Manufacturing Market, by Component
10.5.2.6.2 Egypt Smart Manufacturing Market, by Technology
10.5.2.6.3 Egypt Smart Manufacturing Market by End-User
10.5.2.7 Saudi Arabia
10.5.2.7.1 Saudi Arabia Smart Manufacturing Market, by Component
10.5.2.7.2 Saudi Arabia Smart Manufacturing Market, by Technology
10.5.2.7.3 Saudi Arabia Smart Manufacturing Market by End-User
10.5.2.8 Qatar
10.5.2.8.1 Qatar Smart Manufacturing Market, by Component
10.5.2.8.2 Qatar Smart Manufacturing Market, by Technology
10.5.2.8.3 Qatar Smart Manufacturing Market by End-User
10.5.2.9 Rest of Middle East
10.5.2.9.1 Rest of Middle East Smart Manufacturing Market, by Component
10.5.2.9.2 Rest of Middle East Smart Manufacturing Market, by Technology
10.5.2.9.3 Rest of Middle East Smart Manufacturing Market by End-User
10.5.3 Africa
10.5.3.1 Africa Smart Manufacturing Market by Country
10.5.3.2 Africa Smart Manufacturing Market, by Component
10.5.3.3 Africa Smart Manufacturing Market, by Technology
10.5.3.4 Africa Smart Manufacturing Market by End-User
10.5.3.5 Nigeria
10.5.3.5.1 Nigeria Smart Manufacturing Market, by Component
10.5.3.5.2 Nigeria Smart Manufacturing Market, by Technology
10.5.3.5.3 Nigeria Smart Manufacturing Market by End-User
10.5.3.6 South Africa
10.5.3.6.1 South Africa Smart Manufacturing Market, by Component
10.5.3.6.2 South Africa Smart Manufacturing Market, by Technology
10.5.3.6.3 South Africa Smart Manufacturing Market by End-User
10.5.3.7 Rest of Africa
10.5.3.7.1 Rest of Africa Smart Manufacturing Market, by Component
10.5.3.7.2 Rest of Africa Smart Manufacturing Market, by Technology
10.5.3.7.3 Rest of Africa Smart Manufacturing Market by End-User
10.6 Latin America
10.6.1 Trend Analysis
10.6.2 Latin America Smart Manufacturing Market by Country
10.6.3 Latin America Smart Manufacturing Market, by Component
10.6.4 Latin America Smart Manufacturing Market, by Technology
10.6.5 Latin America Smart Manufacturing Market by End-User
10.6.6 Brazil
10.6.6.1 Brazil Smart Manufacturing Market, by Component
10.6.6.2 Brazil Smart Manufacturing Market, by Technology
10.6.6.3 Brazil Smart Manufacturing Market by End-User
10.6.7 Argentina
10.6.7.1 Argentina Smart Manufacturing Market, by Component
10.6.7.2 Argentina Smart Manufacturing Market, by Technology
10.6.7.3 Argentina Smart Manufacturing Market by End-User
10.6.8 Colombia
10.6.8.1 Colombia Smart Manufacturing Market, by Component
10.6.8.2 Colombia Smart Manufacturing Market, by Technology
10.6.8.3 Colombia Smart Manufacturing Market by End-User
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Smart Manufacturing Market, by Component
10.6.9.2 Rest of Latin America Smart Manufacturing Market, by Technology
10.6.9.3 Rest of Latin America Smart Manufacturing Market by End-User
11. Company Profiles
11.1 3D System, Inc.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 The SNS View
11.2 ABB, Cisco System, Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 The SNS View
11.3 Emerson Electric Co.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 The SNS View
11.4 General Electric
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 The SNS View
11.5 Honeywell International Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 The SNS View
11.6 IBM
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 The SNS View
11.7 Mitsubishi Electric Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 The SNS View
11.8 Rockwell Automation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 The SNS View
11.9 Schneider Electric
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 The SNS View
11.10 Siemens
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. Use Case and Best Practices
14. Conclusion
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Key Segments
By Component
Hardware
Software
Services
By Technology
Machine Execution Systems
Programmable Logic Controller
Enterprise Resource Planning
SCADA
Discrete Control Systems
Human Machine Interface
Product Lifecycle Management
Plant Asset Management
By End-Use
Automotive
Aerospace & Defence
Chemicals & Materials
Healthcare
Industrial Equipment
Electronics
Food & Agriculture
Oil & Gas
Others
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Regional Coverage
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Crawler Dozers Market size was estimated at USD 8.14 billion in 2023 and is expected to reach USD 13.53 billion By 2032 at a CAGR of 5.8% during the forecast period of 2024-2032.
The Safety Valves Market size was valued at USD 7.6 Billion in 2024 and will react to USD 14.27 Billion by 2032, with a CAGR of 8.2% by 2024-2032
The Welding Electrodes Market size was estimated at USD 3.4 billion in 2023 and is expected to reach USD 4.47 billion By 2032 at a CAGR of 3.1% during the forecast period of 2024-2032.
The Safety Switches Market size was valued at USD 1.46 Billion in 2023 and is now anticipated to grow to USD 2.20 Billion by 2032, displaying a compound annual growth rate CAGR of 4.2% during the forecast Period 2024-2032.
The Cryogenic Tank Market has been valued at USD 7.99 billion in 2023 and is anticipated to reach USD 12.74 Billion by 2032, with a steady growth rate of 5.37% over the forecast period from 2024-2032.
The Smart Window Market Size was esteemed at USD 5.65 billion in 2023 and is supposed to arrive at USD 14.57 billion by 2032 and develop at a CAGR of 11.1% over the forecast period 2024-2032.
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