Smart Manufacturing Market Size is Projected to Reach USD 314,839.98 Million by 2025 | Valuates Reports

News provided by

Valuates Reports

14 Sep, 2020, 19:00 IST

BANGALORE, India, Sept. 14, 2020 /PRNewswire/ -- Major factors driving the Smart Manufacturing Market size include the increasing adoption of Industry 4.0, increased focus on industrial automation in manufacturing processes, increased government participation in promoting industrial automation, increased emphasis on regulatory enforcement, growing supply chain complexities, and increased demand for time and cost-effective software systems.

The Global Smart Manufacturing Market is expected to grow from USD 157,289.47 Million in 2019 to USD 314,839.98 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 12.26%.

Get Detailed Analysis of COVID-19 Impact on Smart Manufacturing Market: https://reports.valuates.com/request/sample/360I-Auto-2H346/The_Global_Smart_Manufacturing 

TRENDS INFLUENCING THE SMART MANUFACTURING MARKET SIZE

Government policies and investments to encourage smart manufacturing adoption are expected to increase the smart manufacturing market size during the forecast period. 

The implementation of international standards on environmental management systems has developed considerably. This also forces manufacturers to invest in energy-saving strategies, thereby fuelling the smart manufacturing market size.

Although cost reduction and industrial intelligence are the primary goals of industry players, the emphasis on product quality, sustainability, and compliance is gaining prominence. The return on investments in smart manufacturing is one of the major drivers, with multiple producers reporting quantifiable benefits. It includes energy conservation, reduced incidences of injury, reduced cycle times, and lower maintenance costs. 

Data & security-related problems, which occur due to a high reliance on technology & data integration, could hamper the smart manufacturing market size. Intelligent production and supply chain networks are linked with data resources that can be targeted for different cyber-attacks.

View Full Report: https://reports.valuates.com/market-reports/360I-Auto-2H346/the-global-smart-manufacturing 

SMART MANUFACTURING SHARE ANALYSIS

North America is expected to hold the largest Smart Manufacturing Market share during the forecast period. The US is at the forefront of the fourth industrial revolution, where data are used to manufacture on a large scale, and data are combined into a wide variety of distribution processes around the supply chain.

Asia-Pacific is expected to witness the highest growth during the forecast period due to rapid industrial development, increased foreign direct investment, and the establishment of large multinationals in the sector.

Based on Geography, the Smart Manufacturing Market studied across

  • Americas
  • Asia-Pacific
  • Europe
  • Middle East
  • Africa.

Inquire for Regional Data: https://reports.valuates.com/request/regional/360I-Auto-2H346/The_Global_Smart_Manufacturing 

SMART MANUFACTURING MARKET SEGMENTATION

Based on Technology, the Smart Manufacturing Market studied across

Based on Component, the Smart Manufacturing Market studied across

  • Hardware,
  • Services,
  • Software.

Based on End User, the Smart Manufacturing Market studied across

  • Aerospace & Defence,
  • Agriculture,
  • Automotive,
  • Chemical & Materials,
  • Food & Beverage,
  • Mining,
  • Oil & Gas,
  • Pharmaceutical,
  • Semiconductor.

Key Companies:

  • ABB Ltd,
  • Emerson Electric Co.,
  • FANUC CORPORATION,
  • Honeywell International Inc.,
  • Mitsubishi Electric Corporation,
  • Rockwell Automation, Inc.,
  • Schneider Electric SE,
  • Siemens AG,
  • Texas Instruments Incorporated,
  • Yokogawa Electric Corporation.

THE REPORT ANSWERS QUESTIONS SUCH AS

  1. What is the market size and forecast of the Global Smart Manufacturing Market?
  2. What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Manufacturing Market during the forecast period?
  3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Manufacturing Market?
  4. What is the competitive strategic window for opportunities in the Global Smart Manufacturing Market?
  5. What are the technology trends and regulatory frameworks in the Global Smart Manufacturing Market?
  6. What are the modes and strategic moves considered suitable for entering the Global Smart Manufacturing Market?

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-2H346&lic=single-user 

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-2H346&lic=enterprise-user 

SIMILAR REPORTS 

  • Smart Factory Market

The Global Smart Factory Market is expected to grow from USD 152,243.88 Million in 2019 to USD 267,421.67 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 9.84%.

The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market. 

View Full Report: https://reports.valuates.com/market-reports/360I-Auto-4W350/the-global-smart-factory-market 

  • Manufacturing Execution System Market

The Global Manufacturing Execution System Market is expected to grow from USD 10,802.78 Million in 2019 to USD 24,344.35 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 14.50%.

The automotive Industry expected to account for the largest Manufacturing Execution System Market share in 2016.

View Full Report: https://reports.valuates.com/market-reports/360I-Auto-3Z262/the-global-manufacturing-execution-system 

  • Smart Manufacturing Platform Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0V316/smart-manufacturing-platform 

  • Industry 4.0 Market

Industry 4.0 Market to grow from USD 68,125.13 Million in 2018 to USD 205,236.13 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 17.06%.

Some of the major market players include ABB, Basler AG, DENSO CORPORATION, IBM, and SAP.

View Full Report: https://reports.valuates.com/market-reports/360I-Auto-4S58/industry-4..0

  • Industrial Controls and Factory Automation Market

The global Industrial Controls and Factory Automation market size is projected to reach USD 194170 Million by 2026, from USD 128090 Million in 2020.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-0O1583/global-industrial-controls-and-factory-automation

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
[email protected] 
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91-9945648335
Website: https://reports.valuates.com 
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

Logo : https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg