New Analysis from Global Industry Analysts Reveals Steady Growth for Smart Manufacturing, with the Market to Reach $527.2 Billion Worldwide by 2026
SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Manufacturing - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 5; Released: January 2022
Executive Pool: 85230
Companies: 42 - Players covered include 3D Systems, Inc.; ABB Group; Cisco Systems, Inc.; Cognex Corporation; Daifuku Co., Ltd.; Emerson Electric Co.; General Electric Company; Google, Inc.; Honeywell Process Solutions; IBM Corporation; Intel Corporation; JBT Corporation; Keyence Corporation; NVIDIA Corporation; Oracle Corporation; Parametric Technology Corporation; Rockwell Automation, Inc.; Samsung Electronics Co., Ltd.; SAP SE; Schneider Electric SA; Siemens AG; Sony Corporation; Stratasys Ltd.; Universal Robots A/S; Yokogawa Electric Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use Industry (Automotive, Food and Beverage, Healthcare, Aerospace & Defense, Consumer Electronics, Energy, Other Industries); Technology (Manufacturing Execution System (MES), Programmable Logic Controller (PLC), Supervisory Controller And Data Acquisition (SCADA), Distributed Control System (DCS), Enterprise Resource Planning (ERP), Human Machine Interface (HMI), Product Lifecycle Management (PLM), Other Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Smart Manufacturing Market to Reach $527.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Manufacturing estimated at US$255.2 Billion, is projected to reach a revised size of US$527.2 Billion by 2026, growing at a CAGR of 12.7% over the analysis period. Manufacturing Execution System (MES), one of the segments analyzed in the report, is projected to record a 8.6% CAGR and reach US$16.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Programmable Logic Controller (PLC) segment is readjusted to a revised 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $86.7 Billion in 2021, While China is Forecast to Reach $91.9 Billion by 2026
The Smart Manufacturing market in the U.S. is estimated at US$86.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$91.9 Billion by the year 2026 trailing a CAGR of 12.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 10.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.
Supervisory Controller And Data Acquisition (SCADA) Segment to Reach US$58.8 Billion by the year 2026
In the global Supervisory Controller And Data Acquisition (SCADA) segment, USA, Canada, Japan, China and Europe will drive the 10.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$25 Billion will reach a projected size of US$51.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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