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Smart Manufacturing Market Size, Share & Trends Analysis Report by Technology (MES, PLC, 3D Printing, HMI, DCS), by Component (Hardware, Software), by End Use, by Region, and Segment Forecasts, 2020 - 2027

  • ID: 4452016
  • Report
  • April 2020
  • Region: Global
  • 163 pages
  • Grand View Research
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FEATURED COMPANIES

  • ABB Ltd.
  • Emerson Electric Co.
  • Fanuc Corporation
  • General Electric Co.
  • Robert Bosch GmbH
  • Rockwell Automation, Inc.
  • MORE
The global smart manufacturing market size is estimated to reach USD 514.3 billion by 2027, registering a CAGR of 11.8% over the forecast period. The growing adoption of digital technologies such as industrial IoT, autonomous robots, and big data analytics, to enable the fourth industrial revolution are the prime driving factors for the market growth. Moreover, growing emphasis on increasing production efficiency and gaining visibility across the entire value chain will also boost the prospects of smart manufacturing. In addition, availability of advanced technologies such as 3D printing, manufacturing execution systems (MES), and plant asset management solutions to small and medium enterprises is further accelerating the market growth.

The positive impact of government initiatives and investments to promote smart manufacturing adoption has been one of the most influential factors driving the market. The fact that both industrialized countries and developing economies are aggressively pursuing this avenue is expected to further propel the growth. For example, China is reportedly investing over USD 3 billion for advanced manufacturing under the Made in China 2025 program. Similarly, SAMARTH Udyog Bharat, Industry 4.0, initiative is being promoted by Indian government to transform the manufacturing industry in the country.

Automotive and aerospace and defense industries are the leading growth avenues for solution providers with industries such as oil and gas and industrial equipment manufacturing rapidly scaling their digitalization efforts. Moreover, by implementing smart technologies such as 3D printing, American auto manufacturer General Motors (GM) claims to save more than USD 300,000 in 2019. To drive this technology, GM has entered into a partnership with Autodesk Inc. to produce economical and lighter vehicle parts using 3D printers. With the proliferation of 3D printing, simulation, and modeling in manufacturing and design, these industries are expected to continue to maintain a significant growth rate over the forecast period. Though numerous solutions are available in the market, digital twin and real-time analytics are anticipated to spearhead the penetration of digitalization in these industries.

Further key findings from the study suggest:
  • The software segment is likely to emerge as the fastest growing segment over the forecast period. Increasing demand for factory automation software for varied uses such as factory control, connectivity, quality check, and testing and inspection will foster the segment growth
  • The MES, 3D printing, and machine vision technology segments are likely to grow rapidly owing to production of industrial goods with high speed, increased precision, and improved quality. Companies that offer consumer products, automotive components, and medical devices are likely to benefit from the utility of 3D printing with machine vision and Artificial Intelligence
  • The automotive end-use segment is expected to emerge as the fastest growing segment over the coming years
  • The Asia Pacific regional market is likely to grow at a substantial rate during the forecast period owing to rapid industrial growth, increasing foreign direct investments, and establishment of large multinational companies in the sector
  • Smart manufacturing is supported by various organizations and consortiums including Industrial Internet Consortium (IIC), Smart Manufacturing Leadership Coalition (SMLC), Industrie 4.0, and MESA International
  • Key players in the smart manufacturing market include General Electric, Siemens AG, Rockwell Automation Inc., Honeywell International Inc., Schneider Electric, Emerson Electric Co., and Fanuc Corporation
  • Major companies such as John Deere, Harley Davidson, and General Motors have successfully implemented smart manufacturing in a bid to achieve greater efficiency and effectiveness.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • Emerson Electric Co.
  • Fanuc Corporation
  • General Electric Co.
  • Robert Bosch GmbH
  • Rockwell Automation, Inc.
  • MORE
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Smart Manufacturing Market - Industry Snapshot & Key Buying Criteria, 2016 - 2027
2.2 Global Smart Manufacturing Market, 2016 - 2027
2.2.1 Global smart manufacturing market, by region, 2016 - 2027
2.2.2 Global smart manufacturing market, by component, 2016 - 2027
2.2.3 Global smart manufacturing market, by technology, 2016 - 2027
2.2.4 Global smart manufacturing market, by end use, 2016 - 2027

Chapter 3 Smart Manufacturing Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Smart Manufacturing Market - Value Chain Analysis
3.4 Smart Manufacturing - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Proliferation of Internet of Things
3.4.1.2 Increasing demand for automation, efficieny, and quality
3.4.1.3 Need for compliance and government support for digitization
3.4.2 Market challenge analysis
3.4.2.1 Security concerns
3.5 Penetration and Growth Prospect Mapping
3.6 Smart Manufacturing Market - Porter’s Analysis
3.7 Smart Manufacturing Market - PESTEL Analysis
3.8 Smart Manufacturing Market- Key Company Analysis

Chapter 4 Smart Manufacturing Component Outlook
4.1 Smart Manufacturing Market Share by Component, 2019 & 2027
4.2 Hardware
4.2.1 Global smart manufacturing hardware market , 2016 - 2027
4.2.2 Smart manufacturing hardware market, by region, 2016 - 2027
4.3 Software
4.3.1 Global smart manufacturing software market, 2016 - 2027
4.3.2 Smart manufacturing software market, by region, 2016 - 2027
4.4 Services
4.4.1 Global smart manufacturing services market, 2016 - 2027
4.4.2 Smart manufacturing services market, by region, 2016 - 2027

Chapter 5 Smart Manufacturing Technology Outlook
5.1 Smart Manufacturing Market Share by Technology, 2019 & 2027
5.2 Machine Execution Systems (MES)
5.2.1 MES in smart manufacturing market, 2016 - 2027
5.2.2 MES in smart manufacturing market, by region, 2016 - 2027
5.3 Programmable Logic Controller (PLC)
5.3.1 PLC in smart manufacturing market, 2016 - 2027
5.3.2 PLC in smart manufacturing market, by region, 2016 - 2027
5.4 Enterprise Resource Planning (ERP)
5.4.1 ERP in smart manufacturing market, 2016 - 2027
5.4.2 ERP in smart manufacturing market, by region, 2016 - 2027
5.5 SCADA
5.5.1 SCADA in smart manufacturing market, 2016 - 2027
5.5.2 SCADA in smart manufacturing market, by region, 2016 - 2027
5.6 Discrete Control Systems (DCS)
5.6.1 DCS in smart manufacturing market, 2016 - 2027
5.6.2 DCS in smart manufacturing market, by region, 2016 - 2027
5.7 Discrete Control Systems (HMI)
5.7.1 HMI in smart manufacturing market, 2016 - 2027
5.7.2 HMI in smart manufacturing market, by region, 2016 - 2027
5.8 Machine Vision
5.8.1 Machine vision in smart manufacturing market, 2016 - 2027
5.8.2 Machine vision in smart manufacturing market, by region, 2016 - 2027
5.9 3D Printing
5.9.1 3D printing in smart manufacturing market, 2016 - 2027
5.9.2 3D printing in smart manufacturing market, by region, 2016 - 2027
5.10 Plant Lifecycle Management
5.10.1 PLM in smart manufacturing market, 2016 - 2027
5.10.2 PLM in smart manufacturing market, by region, 2016 - 2027
5.11 Plant Asset Management
5.11.1 Plant asset management in smart manufacturing market, 2016 - 2027
5.11.2 Plant asset management in smart manufacturing market, by region, 2016 - 2027

Chapter 6 Smart Manufacturing End Use Outlook
6.1 Smart Manufacturing Market Share by End Use, 2019 & 2027
6.2 Automotive
6.2.1 Smart manufacturing market in automotive, 2016 - 2027
6.2.2 Smart manufacturing market in automotive, by region, 2016 - 2027
6.3 Aerospace & Defense
6.3.1 Smart manufacturing market in aerospace & defense, 2016 - 2027
6.3.2 Smart manufacturing market in aerospace & defense, by region, 2016 - 2027
6.4 Chemicals & Materials
6.4.1 Smart manufacturing market in chemicals and materials, 2016 - 2027
6.4.2 Smart manufacturing market in chemicals and materials, by region, 2016 - 2027
6.5 Healthcare
6.5.1 Smart manufacturing market in healthcare, 2016 - 2027
6.5.2 Smart manufacturing market in healthcare, by region, 2016 - 2027
6.6 Industrial Equipment
6.6.1 Smart manufacturing market in industrial equipment, 2016 - 2027
6.6.2 Smart manufacturing market in industrial equipment, by region, 2016 - 2027
6.7 Electronics
6.7.1 Smart manufacturing market in electronics, 2016 - 2027
6.7.2 Smart manufacturing market in electronics, by region, 2016 - 2027
6.8 Food & Agriculture
6.8.1 Smart manufacturing market in food & agriculture, 2016 - 2027
6.8.2 Smart manufacturing market in food & agriculture, by region, 2016 - 2027
6.9 Oil & Gas
6.9.1 Smart manufacturing market in oil and gas, 2016 - 2027
6.9.2 Smart manufacturing market in oil & gas, by region, 2016 - 2027
6.10 Others
6.10.1 Smart manufacturing market in other industries, 2016 - 2027
6.10.2 Smart manufacturing market in other industries, by region, 2016 - 2027

Chapter 7 Smart Manufacturing Regional Outlook
7.1 Smart Manufacturing Market Share by Region, 2019 & 2027
7.2 North America
7.2.1 North America smart manufacturing market, 2016 - 2027
7.2.2 North America smart manufacturing market, by component, 2016 - 2027
7.2.3 North America smart manufacturing market, by technology, 2016 - 2027
7.2.4 North America smart manufacturing market, by end use, 2016 - 2027
7.2.5 U.S.
7.2.5.1 U.S. smart manufacturing market, 2016 - 2027
7.2.5.2 U.S. smart manufacturing market, by component, 2016 - 2027
7.2.5.3 U.S. smart manufacturing market, by technology, 2016 - 2027
7.2.5.4 U.S. smart manufacturing market, by end use, 2016 - 2027
7.2.6 Canada
7.2.6.1 Canada smart manufacturing market, 2016 - 2027
7.2.6.2 Canada smart manufacturing market, by component, 2016 - 2027
7.2.6.3 Canada smart manufacturing market, by technology, 2016 - 2027
7.2.6.4 Canada smart manufacturing market, by end use, 2016 - 2027
7.3 Europe
7.3.1 Europe smart manufacturing market, 2016 - 2027
7.3.2 Europe smart manufacturing market, by component, 2016 - 2027
7.3.3 Europe smart manufacturing market, by technology, 2016 - 2027
7.3.4 Europe smart manufacturing market, by end use, 2016 - 2027
7.3.5 U.K.
7.3.5.1 U.K. smart manufacturing market, 2016 - 2027
7.3.5.2 U.K. smart manufacturing market, by component, 2016 - 2027
7.3.5.3 U.K. smart manufacturing market, by technology, 2016 - 2027
7.3.5.4 U.K. smart manufacturing market, by end use, 2016 - 2027
7.3.6 Germany
7.3.6.1 Germany smart manufacturing market, 2016 - 2027
7.3.6.2 Germany smart manufacturing market, by component, 2016 - 2027
7.3.6.3 Germany smart manufacturing market, by technology, 2016 - 2027
7.3.6.4 Germany smart manufacturing market, by end use, 2016 - 2027
7.4 Asia Pacific
7.4.1 Asia Pacific smart manufacturing market, 2016 - 2027
7.4.2 Asia Pacific smart manufacturing market, by component, 2016 - 2027
7.4.3 Asia Pacific smart manufacturing market, by technology, 2016 - 2027
7.4.4 Asia Pacific smart manufacturing market, by end use, 2016 - 2027
7.4.5 China
7.4.5.1 China smart manufacturing market, 2016 - 2027
7.4.5.2 China smart manufacturing market, by component, 2016 - 2027
7.4.5.3 China smart manufacturing market, by technology, 2016 - 2027
7.4.5.4 China smart manufacturing market, by end use, 2016 - 2027
7.4.6 Japan
7.4.6.1 Japan smart manufacturing market, 2016 - 2027
7.4.6.2 Japan smart manufacturing market, by component, 2016 - 2027
7.4.6.3 Japan smart manufacturing market, by technology, 2016 - 2027
7.4.6.4 Japan smart manufacturing market, by end use, 2016 - 2027
7.4.7 India
7.4.7.1 India smart manufacturing market, 2016 - 2027
7.4.7.2 India smart manufacturing market, by component, 2016 - 2027
7.4.7.3 India smart manufacturing market, by technology, 2016 - 2027
7.4.7.4 India smart manufacturing market, by end use, 2016 - 2027
7.5 Latin America
7.5.1 Latin America smart manufacturing market, 2016 - 2027
7.5.2 Latin America smart manufacturing market, by component, 2016 - 2027
7.5.3 Latin America smart manufacturing market, by technology, 2016 - 2027
7.5.4 Latin America smart manufacturing market, by end use, 2016 - 2027
7.5.5 Brazil
7.5.5.1 Brazil smart manufacturing market, 2016 - 2027
7.5.5.2 Brazil smart manufacturing market, by component, 2016 - 2027
7.5.5.3 Brazil smart manufacturing market, by technology, 2016 - 2027
7.5.5.4 Brazil smart manufacturing market, by end use, 2016 - 2027
7.5.6 Mexico
7.5.6.1 Mexico smart manufacturing market, 2016 - 2027
7.5.6.2 Mexico smart manufacturing market, by component, 2016 - 2027
7.5.6.3 Mexico smart manufacturing market, by technology, 2016 - 2027
7.5.6.4 Mexico smart manufacturing market, by end use, 2016 - 2027
7.6 MEA
7.6.1 MEA smart manufacturing market, 2016 - 2027
7.6.2 MEA smart manufacturing market, by component, 2016 - 2027
7.6.3 MEA smart manufacturing market, by technology, 2016 - 2027
7.6.4 MEA smart manufacturing market, by end use, 2016 - 2027

Chapter 8 Competitive Landscape
8.1 ABB Ltd.
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2 Emerson Electric Co.
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 Strategic initiatives
8.3 Fanuc Corporation
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 Strategic initiatives
8.4 General Electric Co.
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 Strategic initiatives
8.5 Honeywell International, Inc.
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.5.4 Strategic initiatives
8.6 Mitsubishi Electric Corporation
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Product benchmarking
8.6.4 Strategic initiatives
8.7 Robert Bosch GmbH
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 Strategic initiatives
8.8 Rockwell Automation, Inc.
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.8.4 Strategic initiatives
8.9 Schneider Electric SE
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Product benchmarking
8.9.4 Strategic initiatives
8.10 Siemens AG
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.10.4 Strategic initiatives
8.11 Yokogawa Electric Corporation
8.11.1 Company overview
8.11.2 Financial performance
8.11.3 Product benchmarking
8.11.4 Strategic initiatives

Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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  • ABB Ltd.
  • Emerson Electric Co.
  • Fanuc Corporation
  • General Electric Co.
  • Honeywell International, Inc.
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown
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