Latest published report by fortune business insights titled “Smart Manufacturing Market Research Report by 2024?. This report provides an in-depth analysis of the smart manufacturing industry, providing information about its current state. It assesses and verifies critical market metrics such as CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and annual growth. This analysis, using both advanced primary and secondary research methods.

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

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Market Overview:

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.

The purpose of this report is to provide market and strategic insights to help decision-makers make informed investment decisions and identify potential gaps and growth opportunities. The Smart Manufacturing Market report provides a thorough overview of marketing strategies, allowing leading players to make informed decisions. Report provides depth analysis of smart manufacturing industry this analysis, using both advanced primary and secondary research methods, includes:

  • Company Profiles: Learn about major companies’ markets, production capacity, revenues, market shares, recent innovations, and gross profit margins.
  • Examine market dynamics: including drivers, constraints, opportunities, influencers, challenges, and trends.

Smart Manufacturing Market 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)

Smart Manufacturing Market Drivers:

  • Technological Advancements: Innovations in IoT, AI, robotics, and data analytics enhance manufacturing processes and drive the adoption of smart manufacturing solutions.
  • Need for Operational Efficiency: The demand for increased productivity, reduced downtime, and optimized operations encourages the integration of smart manufacturing technologies.
  • Growth of Industry 4.0: The expansion of Industry 4.0 and the digitization of manufacturing processes promote the adoption of smart, interconnected systems.
  • Focus on Customization and Flexibility: The need for adaptable and customizable manufacturing processes to meet diverse consumer demands drives the use of smart technologies.
  • Regulatory Compliance and Quality Control: Increasing regulatory requirements for quality, safety, and environmental standards drive the need for advanced monitoring and control systems in manufacturing.

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 industry. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Insights:

  • 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

Key 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.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Smart Manufacturing 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…!

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