Report Id: SNS/EQIP/2630 | July 2022 | Region: Global | 135 Pages
Report Scope & Overview:
Smart Manufacturing Market Size was esteemed at USD 30.82 billion in 2022 and is supposed to arrive at USD 193.32 billion by 2030, and develop at a CAGR of 25.8% over the forecast period 2023-2030.
Smart Manufacturing is a sort of strategy for assembling that targets improving the idea, item assembling, and exchange process. Smart Manufacturing includes the utilization of mechanization hardware and the objective to be accomplished through this cycle is the utilization of data innovation to involve it for the upside of arriving at a worldwide market. This assembling diminishes the responsibility and makes for greater adaptability in the whole cycle.
Developing reception of industry is an essential component speeding up the market development, likewise rising government contribution in supporting modern mechanization, rising accentuation on administrative compliances, rising intricacies in supply chains, expanding interest for programming frameworks that diminish time and cost, expanded reception of computerized hardware in various assembling ventures, a rising measure of government speculations right now occurring on the side of shrewd assembling, rising prominence of improved plant advancements in MEA, expanded work cost in North America and Rise in SMEs and their developing interest for robotization in Europe and the Asia Pacific are the main considerations among others helping the Smart Manufacturing market. In addition, expanded reception of IoT and cloud stages, rising joining of various answers for giving further developed execution, and quick modern development in arising economies will additionally set out new open doors for shrewd assembling market in the figure period referenced previously.
Nonetheless, expanded speculations and costs engaged with executing shrewd assembling arrangements, rising absence of normalization among hardware makers and in availability conventions, rising steady requirement for programming redesigns, and rising low reception of advancements because of specialized issues are the central point among others which will diminish the market development, while rising dangers connected with network safety, rising intricacy in the execution of brilliant assembling innovation frameworks and absence of mindfulness about advantages of embracing data and empowering advances will additionally challenge the Smart producing market in the figure period referenced previously.
Expanding government contribution in supporting shrewd assembling.
The developing reception of Industry 4.0.
High speculations and costs are engaged with executing brilliant assembling arrangements.
Rising absence of normalization among hardware producers and in availability conventions.
Quick modern development in arising economies.
Expanded reception of IoT and cloud stages.
Dangers connected with network safety.
Rising low reception of advances because of specialized issues.
Impact of Covid-19:
During the COVID-19 pandemic, every one of the enterprises and components associated with modern robotization was impacted or closed down. During the underlying overall lockdown, the worldwide stock chains and functional coordinated factors were out of nowhere impacted. As the interest for trivial items decreased, the market turned out to be more centered around the fundamental items assembling to make due during the pandemic. Notwithstanding, the market had the option to develop during the pandemic time frame as the need might have arisen to give their items and administrations securely and rapidly. The market developed during this phenomenal occasion as an immediate consequence of interest and government monetary help and specialized help.
Given Components, the market is portioned into Hardware, Software, and Services. The product fragment represented a bigger offer in the Global Smart Manufacturing Market. The objective of a shrewd manufacturing plant is to give constant permeability, network, and independence. This will require the execution of progressively wise assembling programming. There is an assortment of assembling programming choices accessible for producers, and with the rising robotization and computerized change, interest in programming is supposed to increment.
In light of Technology, the market is sectioned into Machine Execution Systems, Programmable Logic controllers, Enterprise Resource Planning, SCADA, Discrete Control Systems, Human Machine interfaces, Machine Vision, 3D Printing, and Product Lifecycle Management, Plant Asset Management. The Discrete Control Systems represented a bigger offer. For processes like controlling, checking, and detailing, DCS enjoys the benefit of being adaptable and basic, which has assisted it with acquiring a portion of the overall industry. Moreover, DCS gives elements like control and overt repetitiveness, bringing about expanded framework dependability and accessibility. Driving business sector players are supposed to send off DCSs for an assortment of industry verticals, supporting the portion's development.
Given End-use, the market is portioned into Automotive, Aerospace and Defense, Chemicals and Materials, Healthcare, Industrial Equipment, Electronics, Food and Agriculture, Oil and Gas, and Others. The Automotive fragment represented a bigger offer. A portion of the major touchpoints for savvy fabricating arrangements in the auto business incorporate the robotization of whole creation plants, testing and reenactment, and buyer network. The car area is making bigger ventures and setting higher focuses for its computerized producing activities than some other areas.
Machine Execution Systems
Programmable Logic Controller
Enterprise Resource Planning
Discrete Control Systems
Human Machine Interface
Product Lifecycle Management
Plant Asset Management
Aerospace & Defense
Chemicals & Materials
Food & Agriculture
Oil & Gas
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Asia-Pacific rules the brilliant assembling market because of the rising presence of countless savvy fabricating organizations animated by the need to contend at worldwide levels, expanding accentuation on administrative compliances, climbing intricacies in supply chains, and expanding interest for programming frameworks that diminish time and cost around here.
ABB, Siemens, General Electric, Rockwell Automation, Inc., Schneider Electric, Honeywell International Inc., Emerson Electric, Fanuc, and others.
|Market Size in 2022||US$ 30.82 Million|
|Market Size by 2030||US$ 193.32 Million|
|CAGR||CAGR of 4.5% From 2023 to 2030|
|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 & Defense, Chemicals & Materials, Healthcare, Industrial Equipment, Electronics, Food & Agriculture, Oil & Gas, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||ABB, Siemens, General Electric, Rockwell Automation, Inc., Schneider Electric, Honeywell International Inc., Emerson Electric, Fanuc, and others.|
|Key Drivers||• Expanding government contribution in supporting shrewd assembling.
• The developing reception of Industry 4.0.
|RESTRAINTS||• High speculations and costs are engaged with executing brilliant assembling arrangements.
• Rising absence of normalization among hardware producers and in availability conventions.
Frequently Asked Questions (FAQ) :
Ans: The developing reception of Industry 4.0 and Quick modern development in arising economies are the elements driving and resulting in opportunities for the Basalt Fiber market
Ans: The base year calculated in the Bonding Sheet Market report is 2021.
Ans: Companies covered in Bonding Sheet Market are ABB, Siemens, General Electric, Rockwell Automation, Inc., Schneider Electric, Honeywell International Inc., Emerson Electric, Fanuc, and others.
Ans: the Asia Pacific holds the most extreme portion of the overall industry of the Bonding Sheet Market.
Ans: The Global Smart Manufacturing Market Size is supposed to develop at a CAGR of 25.8% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Smart Manufacturing Market segmentation, By Component
9. Global Smart Manufacturing Market segmentation, By Technology
9.1 Machine Execution Systems
9.2 Programmable Logic Controller
9.3 Enterprise Resource Planning
9.5 Discrete Control Systems
9.6 Human Machine Interface
9.7 Machine Vision
9.8 3D Printing
9.9 Product Lifecycle Management
9.10 Plant Asset Management
10. Global Smart Manufacturing Market segmentation, By End-User
10.2 Aerospace & Defense
10.3 Chemicals & Materials
10.5 Industrial Equipment
10.7 Food & Agriculture
10.8 Oil & Gas
11. Global Smart Manufacturing Market, by region/ country
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company profiles
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.3 General Electric
12.4 Rockwell Automation, Inc.
12.5 Schneider Electric
12.6 Honeywell International Inc.
12.7 Emerson Electric
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
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