Global Smart Manufacturing Market Size, Share, Trends, and Forecast

The global smart manufacturing market size was valued at USD 277.81 billion in 2022 and is projected to grow from USD 310.92 billion in 2023 to USD 754.1 billion by 2030, exhibiting a CAGR of 13.5% during the forecast period. Asia-Pacific dominated the smart manufacturing industry with a market share of 36.33% in 2022.

Request free sample pdf|https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/103594

Smart Manufacturing Market Share, Size & COVID-19 Impact Analysis, By Component (Solution and Services), By Deployment (Cloud and On-Premises), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Industry (Discrete Industry and Process Industry), and Regional Forecast Between, 2023-2030

Top Companies of smart manufacturing market:

• HP Development Company, L.P. (U.S.)
• ABB (Switzerland)
• Emerson Electric Co. (U.S.)
• General Electric (U.S.)
• Honeywell International, Inc. (U.S.)
• Mitsubishi Electric Corporation (Japan)
• Robert Bosch GmbH (Germany)
• Rockwell Automation, Inc. (U.S.)
• Schneider Electric (Europe)
• Siemens AG (Germany)

Get quote|https://www.fortunebusinessinsights.com/enquiry/get-a-quote/103594

Smart Manufacturing Market Drivers and restrains:

• Driver: Advancements in IoT and ConnectivityThe rapid development of Internet of Things (IoT) technologies and enhanced connectivity solutions drive the adoption of smart manufacturing systems, enabling real-time data collection, monitoring, and control.
• Driver: Increased Focus on Operational EfficiencyCompanies are increasingly investing in smart manufacturing technologies to improve operational efficiency, reduce downtime, and optimize production processes through automation and data-driven insights.
• Driver: Growth in Industrial AutomationThe rise in industrial automation across various sectors drives demand for smart manufacturing solutions, which integrate advanced robotics, AI, and machine learning to streamline production and enhance quality.
• Restraint: High Initial InvestmentThe significant capital required for implementing smart manufacturing technologies can be a barrier for small and medium-sized enterprises, limiting their ability to adopt these advanced systems.
• Restraint: Complexity of IntegrationIntegrating smart manufacturing systems with existing infrastructure can be complex and challenging, requiring specialized expertise and potentially leading to increased implementation time and costs.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the smart manufacturing market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the smart manufacturing market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (By Component, By Deployment, By Enterprise Size, By Industry, By Region)
  • U.S. (By Solution)
  • Canada (By Solution)
• Europe (By Component, By Deployment, By Enterprise Size, By Industry, By Region)
  • U.K. (By Solution)
  • Germany (By Solution)
  • France (By Solution)
  • Italy (By Solution)
  • Spain (By Solution)
  • Rest of Europe

• Asia Pacific (By Component, By Deployment, By Enterprise Size, By Industry, By Region)

• • China (By Solution)
  • Japan (By Solution)
  • India (By Solution)
  • Southeast Asia (By Solution)
  • Rest of Asia Pacific
• Middle East & Africa (By Component, By Deployment, By Enterprise Size, By Industry, By Region)
  • GCC (By Solution)
  • South Africa (By Solution)
  • Rest of the Middle East & Africa
• Latin America (By Component, By Deployment, By Enterprise Size, By Industry, By Region)
  • Brazil (By Solution)
  • Mexico (By Solution)
  • Rest of Latin America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of smart manufacturing market:

• Emerson to collaborate with Petronas with an objective to drive decarbonization and digital transformation as well as enhance their remote operation capabilities and further strengthen their cybersecurity.
• Honeywell International, Inc. introduced robotic technology, ‘Smart Flexible Depalletizer,’ to minimize the labor-intensive work. This technology is increasing warehouse productivity and reducing labor injuries.
• General Electric Company announced the launch of intuitive software applications and expert services called Connectix. The service is designed for smart manufacturing applications. The services help to take advantage of data analytics to increase energy efficiency, make faster decisions, and enhance daily operations in manufacturing.
• Rockwell Automation, Inc. announced the release of its updated intelligent conveyor system called QuickStick HT. The newly launched conveyor system has been enabled with the advanced QuickStick HT 5700 inverter. The updated system has provided functional safety, and it can save the plant floor space and reduce the size of the control cabinet.

Ask for Customization Report|https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/103594

About Us:

Fortune Business Insights is dedicated to providing clients worldwide with a unique combination of qualitative and quantitative market research reports. We assist both international and domestic businesses in optimizing their operations by providing comprehensive market insights and accurate forecasts. Our reports cover all critical aspects of the market, providing valuable insights and projections to clients around the world.

Email|[email protected]

FAQ’s:

• What is the market size of smart manufacturing market in 2024?
• Who are the primary key players identified in this report?
• What are the primary drivers in the smart manufacturing industry?
• What are the future projections for the smart manufacturing industry?