The estimation for 2020 is down by approximately 16% as compared to pre-COVID-19 evaluations.
Factors that drive the growth of the smart manufacturing market include the increasing demand for smart manufacturing products & solution propelled by COVID-19, the importance of digital twin in maintaining operations within the manufacturing ecosystem, and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors.
The post-COVID-19 market for collaborative robots is expected to witness positive growth in 2020 as compared with 2019.
Collaborative robots are used in manufacturing activities where they coexist with humans and other machines to enhance and optimize manufacturing operations. Apart from the automobile industry, collaborative robots can also be used in other sectors, which has led to their increased demand even during the pandemic. However, their market growth is expected to be below the growth estimated during pre-COVID-19. During this pandemic, increased usage of collaborative robots is expected to boost the manufacturing of various products and devices such as ventilators, respirators, valves, masks, and other life-essential goods. Despite its positive growth in 2020, it would be difficult for collaborative robot sales to reach the estimates pre-COVID-19.
Automotive sales are expected to decline in 2020 as compared to 2019.
The spread of COVID-19 has impacted the automotive sector. Automobile manufacturing plants across Europe and North America are either non-operational or have reduced their production. Lockdown in China has led to the shortage of various parts used in automobiles as most of the spare parts are procured from the country. Electric vehicle production has also been hampered owing to the scarcity of lithium-ion batteries and other key components, which are supplied by China. Thus, the demand for automobiles will remain low for the next 1–2 quarters.
Smart manufacturing solutions are an important and significant aspect of the automotive industry. However, the anticipated decline in the revenue of the automotive industry is expected to result in reduced demand for smart manufacturing products and solutions. Companies are currently in a race to save operations and cash flows instead of investing in any new project. We may see a positive response in terms of the demand for smart manufacturing products and solutions 1-2 quarters after the lockdown is over.
APAC to continue to hold the largest share of the global smart manufacturing market during the forecast period.
APAC is expected to continue to account for the largest share of the global smart manufacturing industry from 2020 to 2025. Rapid industrialization in APAC has boosted the manufacturing sector in APAC. Countries in APAC have the presence of a large number of small- and mid-sized enterprises (SMEs), which employ more than 70% of the total population in the countries. However, due to COVID-19, the market size of smart manufacturing in APAC is expected to lower in 2020; but its market share among other regions will continue to remain high. The APAC market is expected to recover only after 2021, but it will be challenging to attain the market size estimated pre-COVID-19.
Breakdown of the profiles of primary participants for the report has been given below:
- By Company Type: Tier 1 = 39%, Tier 2 = 41%, and Tier 3 = 20%
- By Designation: C-Level Executives = 42%, Directors = 36%, and Others = 22%
- By Region: North America = 34%, Europe= 24%, APAC = 22%, and RoW = 20%
The key players operating in the global smart manufacturing market are 3D Systems (US), ABB (Switzerland), Cisco (US), Emerson (US), General Electric (US), Honeywell (US), IBM (US), Oracle (US), Rockwell (US), SAP (Germany), Schneider (France), Siesmens (Germany), and Yokogawa (Japan).
Research Coverage
This report covers the COVID-19 impact on the smart manufacturing market based on information technology, enabling technology, industry, and geography. It also discusses the supply chain, drivers, and challenges pertaining to the smart manufacturing market.
Reasons to Buy the Report:
The illustrative segmentation, analysis, and forecast of the market based on information technology, enabling technology, industry, and geography have been conducted to give an overall view of the smart manufacturing market considering detailed impact analysis of COVID-19
Impact on supply chain analysis and market dynamics, i.e., drivers, restraints, opportunities, and challenges pertaining to the smart manufacturing market, have been discussed in detail in this report.
Table of Contents
1 Introduction
1.1 Covid-19 Health Assessment
1.2 Covid-19 Economic Assessment
1.2.1 Covid-19 Impact on the Economy-Scenario Assessment
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Estimating Market Size By Bottom-Up Approach (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Estimating Market Size By Top-Down Approach (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
3.1 Pre-Covid-19
3.2 Realistic Scenario
3.3 Pessimistic Scenario
3.4 Optimistic Scenario
4 Covid-19 Impact on Smart Manufacturing Ecosystem
4.1 Introduction
4.1.1 Smart Manufacturing Market: Shift in Client’S Client Business Ecosystem
4.2 Impact on Value Chain
4.2.1 Disruption in Supply Chain of Manufacturing Industry
4.2.1.1 Supply Chain Disruption
4.2.1.2 Temporary Shutdown of Manufacturing Units
4.2.1.3 Decrease in Demand
4.2.2 Component Manufacturer Ecosystem
4.2.3 System Integrator Ecosystem
4.3 Strategies to Minimize the Impact
4.3.1 Real-Time Visibility of Supply Chain
4.3.2 Effective Implementation of Enabling Technologies
4.3.3 Temporary Shift to Manufacturing of Essential Items
4.4 Macroeconomic Indicator, By Major Countries
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Demand for Smart Manufacturing Solutions Will be More in Future Than Ever Before
4.5.1.2 Fiscal Policy Steps Taken By Regional Financial Institutions to Keep Manufacturing Facilities Floating Amidst Covid-19 Crisis
4.5.1.3 China’S Return to Normalcy in the Commercial Trade Market Expected to Lead Positive Market Sentiments
4.5.1.4 Increasing Use of Digital Twin Would Help to Safely Monitor Smart Manufacturing Operations
4.5.1.5 Collaborative Robots to be Crucial in Healthcare Industry to Fight Pandemic and Drive Smart Factory Market
4.5.2 Restraints
4.5.2.1 Lack of Trained Personnel to Handle Smart Manufacturing Technologies During Crises Such As Covid-19
4.5.3 Opportunities
4.5.3.1 Government Aid to Fight Against Covid-19-Induced Economic Crisis
4.5.4 Challenges
4.5.4.1 Lockdown and Social Distancing Will Save Lives But May Restrict Commercial Trade Growth for Coming Months
4.5.4.2 Trade Restrictions Imposed By US on China Can Further Prove to be Deteriorating for Market
5 Covid-19 Impact on Smart Manufacturing Market, By Technology
5.1 Introduction
5.2 Smart Manufacturing Market, By Enabling Technology
5.2.1 Collaborative Robots
5.2.2 Digital Twin
5.2.3 Industrial 3D Printing
5.2.4 Machine Condition Monitoring
5.2.5 Others
5.3 Smart Manufacturing Market, By Information Technology
5.3.1 Manufacturing Execution System
5.3.2 Plant Asset Management
5.3.3 Warehouse Management System
5.3.4 Others
6 Covid-19 Impact on Smart Manufacturing Market, By Industry
6.1 Introduction
6.2 Least Impacted Industries By Covid-19
6.2.1 Pharmaceuticals
6.2.1.1 Impact Analysis
6.2.2 Medical Devices
6.2.2.1 Impact Analysis
6.3 Most Impacted Industries By Covid-19
6.3.1 Aviation
6.3.1.1 Impact Analysis
6.3.2 Automotive
6.3.2.1 Impact Analysis
6.4 Estimation of Smart Manufacturing Market
6.5 Process Industry
6.6 Discrete Industry
7 Covid-19 Impact on Smart Manufacturing, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 France
7.4 APAC
7.4.1 China
7.4.2 Japan
7.4.3 South Korea
7.5 RoW
8 Company Profiles
8.1 Introduction
8.2 ABB
8.2.1 Business Overview
8.2.2 Covid-19-Related Developments
8.3 Cisco
8.3.1 Business Overview
8.3.2 Covid-19 Related Development
8.4 Emerson
8.4.1 Business Overview
8.4.2 Covid-19-Related Developments
8.5 Fanuc
8.5.1 Business Overview
8.5.2 Covid-19-Related Developments
8.6 GE
8.6.1 Business Overview
8.6.2 Covid-19-Related Developments
8.7 Hewlett Packard Enterprise
8.7.1 Business Overview
8.7.2 Covid-19-Related Developments
8.8 Honeywell
8.8.1 Business Overview
8.8.2 Covid-19-Related Developments
8.9 IBM
8.9.1 Business Overview
8.9.2 Covid-19-Related Developments
8.10 Intel
8.10.1 Business Overview
8.10.2 Covid-19-Related Developments
8.11 Microsoft Corporation
8.11.1 Business Overview
8.11.2 Covid-19-Related Developments
8.12 Mitsubishi
8.12.1 Business Overview
8.12.2 Covid-19-Related Developments
8.13 Oracle
8.13.1 Business Overview
8.13.2 Covid-19-Related Developments
8.14 PTC
8.14.1 Business Overview
8.14.2 Covid-19-Related Developments
8.15 Rockwell Automation
8.15.1 Business Overview
8.15.2 Covid-19-Related Developments
8.16 SAP
8.16.1 Business Overview
8.16.2 Covid-19-Related Developments
8.17 Schneider Electric
8.17.1 Business Overview
8.17.2 Covid-19-Related Developments
8.18 Siemens
8.18.1 Business Overview
8.18.2 Covid-19-Related Developments
8.19 Stratasys
8.19.1 Business Overview
8.19.2 Covid-19-Related Developments
8.20 Universal Robots
8.20.1 Business Overview
8.20.2 Covid-19-Related Developments
8.21 Yokogawa
8.21.1 Business Overview
8.21.2 Covid-19-Related Developments
8.22 Short-Term and Long-Term Strategy
8.22.1 Short-Term Strategy
8.22.1.1 Modify Business-Related Strategies
8.22.1.2 Prioritize Companies Manufacturing Essential Goods
8.22.1.3 Prioritize the Health of Employees
8.22.2 Long-Term Strategy
8.22.2.1 Strengthening the Supply Chain
8.22.2.2 Digitalization and Migration Toward Industrial Automation Using Smart Manufacturing
9 Appendix
9.1 Discussion Guide
9.2 Knowledge Store: Subscription Portal
9.3 Available Customizations
9.4 Related Reports
9.5 Author Details
List of Tables
Table 1 World Gdp Growth Projection for 2020 and 2021 (Year-on-Year % Change)
Table 2 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market, By Enabling Technology, 2018-2025 (USD Billion)
Table 3 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market, By Collaborative Robot, 2018-2025 (USD Billion)
Table 4 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market, By Digital Twin, 2018-2025 (USD Billion)
Table 5 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market, By Industrial 3D Printing, 2018-2025 (USD Billion)
Table 6 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market, By Machine Condition Monitoring, 2018-2025 (USD Billion)
Table 7 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market, By Other Enabling Technology, 2018-2025 (USD Billion)
Table 8 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market, By Information Technology, 2018-2025 (USD Billion)
Table 9 Pre- and Post-Covid-19 Analysis of Smart Manufacturing Market, By Manufacturing Execution System, 2018-2025 (USD Billion)
Table 10 Pre- and Post-Covid-19 Analysis of Smart Manufacturing Market, By Plant Asset Management, 2018-2025 (USD Billion)
Table 11 Pre- and Post-Covid-19 Analysis of Smart Manufacturing Market, By Warehouse Management System, 2018-2025 (USD Billion)
Table 12 Pre- and Post-Covid-19 Analysis of Smart Manufacturing Market, By Other Information Technology, 2018-2025 (USD Billion)
Table 13 Steps Taken By Pharmaceuticals Industry to Reduce Impact of Covid-19
Table 14 Steps Taken By Medical Devices Industry to De-Risk Impact of Covid-19
Table 15 Steps Taken By Aviation Industry to De-Risk Impact of Covid-19
Table 16 Steps Taken By Automotive Industry to De-Risk Impact of Covid-19
Table 17 Smart Manufacturing Market, By Process Industry, 2018-2025, (USD Billion)
Table 18 Smart Manufacturing Market, By Discrete Industry, 2018-2025, (USD Billion)
Table 19 Smart Manufacturing Market, By Region, 2018-2025 (USD Billion)
Table 20 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market in North America, 2018-2025 (USD Billion)
Table 21 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market in Europe, 2018-2025 (USD Billion)
Table 22 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market in APAC, 2018-2025 (USD Billion)
Table 23 Pre- and Post-Covid-19 Analysis for Smart Manufacturing Market in RoW, 2018-2025 (USD Billion)
List of Figures
Figure 1 Covid-19 the Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
Figure 3 Countries Begin With Similar Trajectories But Curves Deviate Based on Measures Taken
Figure 4 Revised Gdp Forecasts for Select G20 Countries in 2020
Figure 5 Criteria Impacting the Global Economy
Figure 6 Scenarios in Terms of Recovery of the Global Economy
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation
Figure 10 Assumptions for the Research Study
Figure 11 Pre and Post Covid-19 Impact Analysis on Smart Manufacturing Market
Figure 12 Impact of Covid-19 on Enabling and Information Technologies
Figure 13 Impact of Covid-19 on Process and Discrete Industries
Figure 14 Impact of Covid-19 on Smart Manufacturing, By Region
Figure 15 Smart Manufacturing Market Ecosystem
Figure 16 Shift in Client’S Client Revenue
Figure 17 Disruption in Manufacturing Ecosystem
Figure 18 Cares Act Package Breakup
Figure 19 Impact of Covid-19 on Smart Manufacturing Market for Enabling Technologies
Figure 20 Impact of Covid-19 on Smart Manufacturing Market for Collaborative Robots
Figure 21 Impact of Covid-19 on Smart Manufacturing Market for Digital Twin
Figure 22 Covid-19 Impact on Smart Manufacturing Market for Industrial 3D Printing
Figure 23 Covid-19 Impact on Smart Manufacturing Market for Machine Condition Monitoring
Figure 24 Covid-19 Impact on Smart Manufacturing Market for Other Enabling Technologies
Figure 25 Covid-19 Impact on Smart Manufacturing Market for Information Technologies
Figure 26 Covid-19 Impact on Smart Manufacturing Market for Manufacturing Execution System
Figure 27 Impact of Covid-19 on Smart Manufacturing Market for Plant Asset Management
Figure 28 Impact of Covid-19 on Smart Manufacturing Market for Warehouse Management System
Figure 29 Impact of Covid-19 on Smart Manufacturing Market for Other Information Technologies
Figure 30 Smart Manufacturing Market for Process Industry, 2019-2020
Figure 31 Decline in Size of Smart Manufacturing Market for Aerospace & Defense and Automotive
Figure 32 Impact of Covid-19 on Smart Manufacturing Market in North America
Figure 33 Impact of Covid-19 on Smart Manufacturing Market in Europe
Figure 34 Impact of Covid-19 on Smart Manufacturing Market in APAC
Figure 35 Impact of Covid-19 on Smart Manufacturing Market in RoW
Samples
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Executive Summary
Companies Mentioned
- ABB
- Cisco
- Emerson
- Fanuc
- GE
- Hewlett Packard Enterprise
- Honeywell
- IBM
- Intel
- Microsoft Corporation
- Mitsubishi
- Oracle
- PTC
- Rockwell Automation
- SAP
- Schneider Electric
- Siemens
- Stratasys
- Universal Robots
- Yokogawa
Methodology
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