Smart Manufacturing Market Growth, Key Players, and Revenue Forecast by 2024
Discover growth trends and revenue opportunities in the Smart Manufacturing Market with projections up to 2024.
The study of the global Smart Manufacturing Market is presented in the report, which is a thoroughly researched presentation of the data. The analysis delves into some of the key facets of the global Smart Manufacturing Market and shows how drivers like pricing, competition, market dynamics, regional growth, gross margin, and consumption will affect the market’s performance. A thorough analysis of the competitive landscape and in-depth company profiles of the top players in the Smart Manufacturing Market are included in the study. It provides a summary of precise market data, including production, revenue, market value, volume, market share, and growth rate.
The best investment markers are insights into the most prominent market trends, which help potential participants make decisions even easier. The research aims to discover the numerous growth chances that readers may take into consideration and take advantage of using all the necessary information. The market growth over the coming years can be predicted with greater accuracy by carefully examining the important growth-influencing aspects including pricing, production, profit margins, and value chain analyses.
Get Free Sample Report PDF Brochure|https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/103594
Market Summary:
The global smart manufacturing market size was valued at USD 310.92 billion in 2023. The market is projected to grow from USD 349.48 billion in 2024 to USD 998.99 billion by 2032, exhibiting a CAGR of 14.0% during the forecast period.
The Smart Manufacturing Market has grown significantly due to factors such as increased product demand, an expanding client base, and technological advancements. This report provides a comprehensive overview of the industry, covering market size, trends, key drivers and challenges, competition dynamics, and potential growth opportunities. Recent Industry Developments:
- 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.
- <Mitsubishi Electric Corporation launched MELFA ASSISTA, a family of robots. MELFA ASSISTA operates collaboratively with humans focused on safety functions including collision avoidance. The robot also functions in full accordance with international safety parameters and robotic norms ISO 10218-1 and ISO/TS15066. Industries adopt MELFA ASSISTA and RT VisualBox to develop more effective productivity.
Key Players:
- 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 a Quote: https://www.fortunebusinessinsights.com/enquiry/get-a-quote/103594
Market Overview:
- Current Market Trends: Analysis of the latest developments shaping the market landscape.
- Segmentation Analysis: Breakdown of the market by key segments and regional dynamics.
- Pricing Strategy Evaluation: In-depth examination of pricing trends within the industry.
- COVID-19 Impact Assessment: Exploration of how the pandemic has affected market behaviors and trends.
- Market Projections: Forecasting future market growth and potential shifts.
Key Report Highlights:
- Insight into the primary growth drivers and challenges facing the market.
- An extensive review of regional advancements and their implications.
- A compilation of leading industry players and their market positions.
- Strategies employed by significant market participants.
- Updates on recent industry movements, including product launches and mergers.
- Analysis of factors that may restrict growth and the regional market presence affecting trends beyond 2032.
This market research report is meticulously crafted to deliver a thorough understanding of the industry’s trajectory, equipping businesses with the insights necessary for strategic decision-making. The Smart Manufacturing Market Report spans over 130+ pages and includes a detailed table of contents featuring figures, tables, graphs, and comprehensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Innovations
- Value Chain Analysis
- TOC Continued…
This study presents a detailed view of the market landscape, categorized by sub-regions and countries. It identifies potential profit avenues, alongside market share and growth forecasts for each geographical area.
Segmentation of this report:
Smart Manufacturing Market Size, Share & 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, 2023-2030
Smart Manufacturing Market Drivers & Restrains:
- Driver: Advancements in IoT and Connectivity
The 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 Efficiency
Companies 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 Automation
The 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 Investment
The 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 Integration
Integrating smart manufacturing systems with existing infrastructure can be complex and challenging, requiring specialized expertise and potentially leading to increased implementation time and costs.
Request a Customized Report: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/103594
About Us:
Fortune Business Insights is committed to providing clients worldwide with a unique blend of qualitative and quantitative market research reports. We help both domestic and international businesses streamline their operations by providing detailed market insights and accurate projections. Our reports provide insightful analysis and forecasts, taking into account all critical market factors.
Contact Us: [email protected]
Trending market report:
Welded Metal Bellows Market 2024 Key Drivers, Industry Size & Trends and Forecasts to 2032
Industrial Vending Machines Market 2024 Data Current and Future Trends, Revenue, Business Growth Forecast to 2032
Fire Rated Duct Market 2024 Latest Industry Size, Growth, Demand, Trends Forecasts to 2032
Robotic Welding Market 2024 Size, Trends Outlook, Geographical Segmentation Forecasts to 2032
Machine Safety Market 2024 Size, Gross Margin, Trends, Future Demand, Analysis by Top Leading Players and Forecast till 2032
Industrial Ethernet Connector Market 2024 Key Drivers, Industry Size & Trends and Forecasts to 2032
Europe Air Duct Market 2024 Data Current and Future Trends, Revenue, Business Growth Forecast to 2032
North America Ventilation System Market 2024 Latest Industry Size, Growth, Demand, Trends Forecasts to 2032
Europe Industrial Robots Market 2024 Size, Trends Outlook, Geographical Segmentation Forecasts to 2032
Electrical Equipment Market 2024 Size, Gross Margin, Trends, Future Demand, Analysis by Top Leading Players and Forecast till 2032
Print Equipment Market 2024 Key Drivers, Industry Size & Trends and Forecasts to 2032
High Pressure Fixed Firefighting Misting System Market 2024 Data Current and Future Trends, Revenue, Business Growth Forecast to 2032
Hot Runners Market 2024 Latest Industry Size, Growth, Demand, Trends Forecasts to 2032
Commercial Refrigeration Compressor Market 2024 Size, Trends Outlook, Geographical Segmentation Forecasts to 2032
Asphalt Pavers Market 2024 Size, Gross Margin, Trends, Future Demand, Analysis by Top Leading Players and Forecast till 2032
Connected Logistics Market 2024 Key Drivers, Industry Size & Trends and Forecasts to 2032
Milling Machine Market 2024 Data Current and Future Trends, Revenue, Business Growth Forecast to 2032
Bottle Filling Machine Market 2024 Latest Industry Size, Growth, Demand, Trends Forecasts to 2032
Manufacturing Operations Management Software Market 2024 Size, Trends Outlook, Geographical Segmentation Forecasts to 2032
Paper Slitting Machine Market 2024 Size, Gross Margin, Trends, Future Demand, Analysis by Top Leading Players and Forecast till 2032
