Smart Manufacturing Market to Soar at steady CAGR of 9.6% by 2024

Smart Manufacturing Market Research Growth 2024

Smart manufacturing is a combination of various technologies and solutions which collectively if implemented in a manufacturing ecosystem. These technologies and solutions are called “enablers”, which help in optimizing the entire manufacturing process and thus increase overall profits. Some of the prominent enablers in the current market scenario include Artificial intelligence, Blockchain in manufacturing, Industrial internet of things, Robotics, Condition monitoring, Cvber security and more.

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Automotive and aerospace & defense industries are the leading growth avenues for smart manufacturing solution providers with industries such as oil and gas and industrial equipment manufacturing rapidly scaling their digitalization efforts. 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.

According to this study, over the next five years, the Smart Manufacturing market will register a 9.6% CAGR in terms of revenue, the global market size will reach US$ 245700 million by 2024, from US$ 155700 million in 2019. In particular, this report presents the global revenue market share of key companies in the Smart Manufacturing business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Smart Manufacturing market by product type, application, key companies, and key regions.

This study considers the Smart Manufacturing value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.

Manufacturing IT MES, ERP, PLM, APC, EAM, etc.
Automation Control System DCS, PLC, HMI, SCADA, FCS, etc.

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.

Automotive
Aerospace & Defense
Chemicals & Materials
Healthcare
Industrial Equipment
Electronics
Oil & Gas
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

GE
ABB
Siemens
SAP
Schneider
Emerson
Oracle
IBM
Honeywell
Cisco
Rockwell
Yokogawa
Fanuc
NVIDIA
Keyence
Cognex
Stratatys
3D Systems
Daifuku

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Smart Manufacturing market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Smart Manufacturing market by identifying its various sub-segments.
Focuses on the key global Smart Manufacturing players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
To analyze the Smart Manufacturing with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the size of Smart Manufacturing submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Content Covers the Topics mentioned below

2019-2024 Global Smart Manufacturing Consumption Market Report

Scope of the Report
Executive Summary
Global Smart Manufacturing by Players
Smart Manufacturing by Regions
Americas Market
APAC Market
Europe Market
The Middle East & Africa Market
Market Drivers, Challenges and Trends
Marketing, Distributors, and Customer
Global Smart Manufacturing Market Forecast
Key Players Analysis
Research Findings and Conclusion

Customization of this Report can be done as per the client’s requirement.

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