Smart Manufacturing Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC307

Smart manufacturing is the process which converts traditional factories from cost centres into profit centres so that progressive businesses will deliberately invest to increase sales. Smart manufacturing technologies use the best of IT and operating technologies (OT). The inventors of smart manufacturing technologies have joined both the processes to generate an intelligent optimization and collection of physical, business, and digital methods for ironing out crumples in the value chain of manufacturing. These processes also use human ingenuity with data technology to generate manufacturing intelligence for completing optimum results. Adoption of these knowledges has completely transformed the ways of selling products, manufacturing and shipping.

The enormous amount of manufacturing actions in past few years has made it extremely difficult for multinational administrations to efficiently manage their value chain. Therefore, several companies are outsourcing their manufacturing processes to third parties, who offer smart manufacturing services and as a result, has boosted the overall market. Additionally, regional expansion is a crucial strategy for many organizations. In order to achieve this, MNCs have invested in distribution centres at planned locations around different parts of the world. These centres need active smart manufacturing services, thus fuelling the demand created for smart manufacturing. The market is also flourishing due to the application of advanced and innovative digitization in developing smart manufacturing technologies such as the supervisory controller, programmable logic controller and data acquisition.

The global smart manufacturing market is segmented on the basis of technology into manufacturing execution system (MES), supervisory controller and data acquisition (SCADA), programmable logic controller (PLC), enterprise resource planning (ERP), distributed control system (DCS), machine vision and human machine interface (HMI). Out of these, the enterprise resource planning is the most popularly used smart manufacturing technology all over the world. The productive economic development of several countries around the globe and easy social integration of this technology have enhanced its adoption rate in the previous few years. The booming aerospace and defence sector is also projected to take up enterprise development solutions for advancement in its manufacturing processes, thereby lending a splendid impetus on the technology segment.

On the basis of region, the global smart manufacturing market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America. Among all the regions, Asia-Pacific held the largest share in the overall market in terms of revenue, closely followed by North America, in the same year. The research specifies that North America and Asia-Pacific will continue to hold a leading stance in the complete market as both these regions will offer profitable opportunities to the smart manufacturing solution providers. The increasing pressure by governments of different developing economies to focus on manufacturing activities is expected to build a strong instance for the growth of smart manufacturing market in Asia-Pacific. The region is expected to witness a steady acceptance of smart manufacturing technology in automotive industry and in the production of consumer electronics, which is expected to stir the demand for this technology in near years. Some of the leading players operating in the global smart manufacturing market are Siemens AG, Honeywell International, Inc., Johnson Controls, Inc., Emerson Electric Company, ABB Ltd., General Electric Company, Schneider Electric, Rockwell Automation, Fanuc Corp., Atos SE and many others.

Market Segmentation

Market by Technology

·         Manufacturing execution system (MES)

·         Supervisory controller and data acquisition (SCADA)

·         Distributed control system (DCS)

·         Programmable logic controller (PLC)

·         Enterprise resource planning (ERP)

·         Machine vision

·         Human machine interface (HMI)

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

Dump Truck Market (By Type: Rear dump trucks, Bottom dump trucks, Lube trucks, Tow trucks, Water trucks, Others; By Engine Capacity: 5Liter, 5L to 10L, More than 10 Liter; By End Use: Military, Construction, Infrastructure, Mining, Agriculture) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Dump Truck Market value is accounted over USD 41,259.8 Million by 2026 and is expected to grow at CAGR 9.1% during the forecast period, 2019-2026. Dump truck is also knows as dumper truck or tipper truck which mainly used to transporting dumps especially for construction. Such truck carries heavy loads and material such as sand, earth and gravel with parts for construction. The dumper typically carries its load or m

Automotive Electronic Control Unit Market (By Technology: Transmission control system, Engine management system, Anti-lock braking system, Climate control system, Power steering system, Airbag restraint system, Body control system; By Application: Utility vehicles, Passenger cars, Commercial vehicles) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Automotive Electronic Control Unit Market is expected to reach over USD 70,986.0 Million by 2026 and is expected to grow at CAGR 6.1% during the forecast period, 2019-2026 Electronic control unit (ECU) is an embedded system that responsible for controlling electrical subsystems in a transport vehicle. Most of the modern motor vehicles have up to 80 ECUs. The development of an ECU unit ma

Automotive Aluminum Market (By End Use: Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars; By Application: Suspension, Powertrain, Body Structure, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global Automotive Aluminum market is expected to grow at noteworthy CAGR around 8.4 % throughout the forecast period and reach around US$ 62 billion by 2026. It offers great security and durability combined with increased fuel efficiency and decreased emissions as well as offers the most common metal

Autonomous Parking System Market (By Components: Radar, Lidar, Image Sensor, Ultrasonic, Camera, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Autonomous Parking System Market size is expected to reach over 1.8 USD billion by 2026 and is expected to grow at CAGR 15.8% during the forecast period, 2019-2026. Continuously rising vehicle sales across the globe coupled with the increasing concern for the parking spaces have drive the global Autonomous parking system market during the forecast period 2019-2026. Durin

Automotive Sun Visor Market (By Surface Material: Vinyl, Fabric; By Type: LCD Sun Visor, Conventional Type; By Vehicle Type: Commercial Vehicle, Passenger Vehicle, Electric Vehicle; By Sales Channel: Aftermarket, OEM) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Global automotive sun visor market size is accounted over USD 10 billion by 2026 and is expected to grow at CAGR 3.2% during the forecast period 2019 to 2026. Sun visors has become an important part of modern vehicles and they enhance the overall appearance of the vehicle interior. Rising in demand for stylish sun visors, consistent increase in vehicle production across the world, owing to rapid urbanization, and increase in p

Automotive Active Purge Pump Market (By Material Type: Metal, Non Metal; By Components: Dc Motor, Sensors, Actuator, Valves; By Manufacturing Process: Cutting, Vacuum Forming, Injection Molding; By Sales Channel: OEM’s, Aftermarket; By Vehicle Types: Passenger Vehicle, Commercial Vehicle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive active purge pump market size is expected to reach over USD 4.1 billion by 2026 and will grow at the CAGR of 67.3% from forecast period 2019-2026. An automotive active purge pump is an electrified solution to reduce hydrocarbon evaporative emissions from the vehicle. The automotive active purge pump actively extracts hydrocarbon-laden air from the emission canister that is use

Cart Summary