Smart Manufacturing Market Size To Hit US$ 489.66 Billion By 2027

The global smart manufacturing market size is expected to hit around USD 489.66 billion by 2027 and progressing a CAGR of 12% over the forecast period 2021 to 2027.

Smart Manufacturing Market Size 2020 to 2027

The on smart manufacturing Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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Scope of the Smart Manufacturing Market Report

Report Highlights	Details
Market Size	USD 489.66 Billion by 2027
Growth Rate	CAGR of 12% From 2021 to 2027
Base Year	2020
Historic data	2017 to 2020
Forecast Period	2021 to 2027
Segments Covered	Technology, End Use, Region
Regional Scope	North America, APAC, Europe, Latin America, MEAN, Rest of the World

A recent report provides crucial insights along with application based and forecast information in the Global Smart manufacturing Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Smart manufacturing market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Smart manufacturing market are included as given below:

Smart manufacturing Market Key Players

Emerson Electric Co.
ABB Ltd.
Fanuc Corporation
Honeywell International, Inc.
General Electric Co.
Mitsubishi Electric Corporation
Rockwell Automation, Inc.
Robert Bosch GmbH
Schneider Electric SE
Yokogawa Electric Corporation
Siemens AG

Market Segments

By Technology

Programmable Logic Controller
Machine Execution Systems
Enterprise Resource Planning
Discrete Control Systems
SCADA
Human Machine Interface
3D Printing
Machine Vision
Plant Asset Management
Product Lifecycle Management

By Component

Software
Hardware
Services

By End-Use

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

By Regional Outlook

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
Asia Pacific
- China
- India
- Japan
- South Korea
Rest of the World

Report Objectives

To define, describe, and forecast the global smart manufacturing market based on product, and region
To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the smart manufacturing market

Table of Content

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Smart Manufacturing Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Smart Manufacturing Market

5.1. Covid-19: Smart Manufacturing Industry Impact
5.2. Smart Manufacturing Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Smart Manufacturing Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Smart Manufacturing Vendors to deal with Covid-19 Pandemic Scenario

Chapter 6. Smart Manufacturing Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increasing Penetration of Internet of Things (IoT)
6.1.1.2. Rising Demand for Automation
6.1.2. Market Restraints
6.1.2.1. Rising Concern for Security
6.1.3. Market Opportunities
6.1.3.1. Government Support & Initiatives for Digitization in Industrial Sector
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Smart Manufacturing Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Smart Manufacturing Market Revenue by Vendor (2015-2020)
7.1.1.2. Smart Manufacturing Market Revenue Market Share by Vendor (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Regional Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Smart Manufacturing Market, By Technology

8.1. Smart Manufacturing Market, by Technology, 2016-2027
8.1.1. Programmable Logic Controller
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Machine Execution Systems
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Enterprise Resource Planning
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Discrete Control Systems
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. SCADA
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Human Machine Interface
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. 3D Printing
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.8. Machine Vision
8.1.8.1. Market Revenue and Forecast (2016-2027)
8.1.9. Plant Asset Management
8.1.9.1. Market Revenue and Forecast (2016-2027)
8.1.10. Product Lifecycle Management
8.1.10.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Smart Manufacturing Market, By Component

9.1. Smart Manufacturing Market, by Component, 2016-2027
9.1.1. Software
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Hardware
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Services
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Smart Manufacturing Market, By End-use

10.1. Smart Manufacturing Market, by End-use, 2016-2027
10.1.1. Aerospace & Defense
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Automotive
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Chemicals & Materials
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Industrial Equipment
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Healthcare
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Electronics
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Oil & Gas
10.1.7.1. Market Revenue and Forecast (2016-2027)
10.1.8. Food & Agriculture
10.1.8.1. Market Revenue and Forecast (2016-2027)
10.1.9. Others
10.1.9.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Smart Manufacturing Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Technology (2016-2027)
11.1.2. Market Revenue Forecast by Component (2016-2027)
11.1.3. Market Revenue Forecast by End-use (2016-2027)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2016-2027)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2016-2027)
11.2. Europe
11.2.1. Market Revenue Forecast by Technology (2016-2027)
11.2.2. Market Revenue Forecast by Component (2016-2027)
11.2.3. Market Revenue Forecast by End-use (2016-2027)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2016-2027)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2016-2027)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2016-2027)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2016-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Technology (2016-2027)
11.3.2. Market Revenue Forecast by Component (2016-2027)
11.3.3. Market Revenue Forecast by End-use (2016-2027)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2016-2027)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2016-2027)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2016-2027)
11.4. LATAM
11.4.1. Market Revenue Forecast by Technology (2016-2027)
11.4.2. Market Revenue Forecast by Component (2016-2027)
11.4.3. Market Revenue Forecast by End-use (2016-2027)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2016-2027)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2016-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Technology (2016-2027)
11.5.2. Market Revenue Forecast by Component (2016-2027)
11.5.3. Market Revenue Forecast by End-use (2016-2027)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2016-2027)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2016-2027)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2016-2027)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2016-2027)

Chapter 12. Company Profiles

12.1. Emerson Electric Co.
12.1.1. Company Overview, Business Information, Geographical Reach
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. ABB Ltd.
12.2.1. Company Overview, Business Information, Geographical Reach
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. Fanuc Corporation
12.3.1. Company Overview, Business Information, Geographical Reach
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. Honeywell International, Inc.
12.4.1. Company Overview, Business Information, Geographical Reach
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. General Electric Co.
12.5.1. Company Overview, Business Information, Geographical Reach
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. Mitsubishi Electric Corporation
12.6.1. Company Overview, Business Information, Geographical Reach
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Rockwell Automation, Inc.
12.7.1. Company Overview, Business Information, Geographical Reach
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. Robert Bosch GmbH
12.8.1. Company Overview, Business Information, Geographical Reach
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. Schneider Electric SE
12.9.1. Company Overview, Business Information, Geographical Reach
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. Yokogawa Electric Corporation
12.10.1. Company Overview, Business Information, Geographical Reach
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies
12.11. Siemens AG
12.11.1. Company Overview, Business Information, Geographical Reach
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Application
12.11.3. Revenue, Price and Gross Margin (2015-2020)
12.11.4. Recent Developments and Strategies