Smart Manufacturing Market Research Report
The GMI Research forecasts that the smart
manufacturing market is witnessing an upsurge in demand over the forecast
period. This is mainly due to the growing focus on regulatory compliances and
the rising adoption of industry 4.0.
Introduction of the Smart Manufacturing Market:
It is a fully incorporated manufacturing system that acts in
real-time to meet the drastically changing conditions and demand of the supply
network and consumer requirement, which is called smart manufacturing. Smart
manufacturing has the capability to solve existing and future issues through an
open infrastructure that enables solutions to be applied at the speed of
business while generating advanced value. Smart manufacturing can correctly predict
needs, and can rapidly recognize bottlenecks and errors, thereby innovating
products and services through the improved manufacturing process. It is being
adopted across different industries to enhance the manufacturing process and to
bring better quality products, sustain safer plant floor, boost energy
efficiency, and improve productivity.
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Smart Manufacturing Market Dynamics (including market size,
share, trends, forecast, growth, forecast, and industry analysis)
The global smart manufacturing market is witnessing strong
growth in the market during the forecast period due to a growing focus on
regulatory compliances, rising adoption of industry 4.0, increasing demand for
software systems that decrease time and cost, and the growing emphasis on
industrial automation in the manufacturing process. According to smart
manufacturing market research, automation manufacturing has been
transforming factory floors, the nature of manufacturing employment, and the
economies of manufacturing sectors. In the period of automation, increasing
advancements in robotics, AI, and IoT are allowing machines to outperform
humans in a range of work activities such as cognitive efficiencies. It is one
of the most highly automated work processes through manufacturing, thus having a
scope of substantial automation within manufacturing sites of different
industries.
Manufacturers have perfect visibility into bottlenecks,
machine performance, and other operational capabilities in a connected
enterprise. With such data, manufacturers can improve yield, minimize waste,
and enhance quality. Additionally, smart manufacturing can decrease workforce
challenges, offers cost reductions, streamline automated data and predictive
maintenance. In addition to this, the growing adoption of automation in
manufacturing processes is fuelling the growth of the market. On the other
hand, the factors hampering the market growth include the requirements for
continuous upgrades in software due to rapid innovation and debugging in
software.
Key Players of the Global Smart Manufacturing Market:
·
Emerson Electric Co
·
ABB Ltd
·
Cisco Systems, Inc
·
General Electric Company
·
Honeywell International Inc
·
IBM Corporation
·
Mitsubishi Corporation
·
Rockwell Automation, Inc
·
Schneider Electric
·
Oracle Corporation
Smart Manufacturing Market Segmentation:
Segmentation
by Information Technology:
·
Human-Machine Interface
o
Offering
§
Software
§
Hardware
o
Configuration Type
·
Enterprise Manufacturing Intelligence
o
Offering
o
Deployment Type
·
Plant Asset Management
o
Offering
o
Deployment
o
Asset
Type
·
Manufacturing Execution System
o
Deployment Type
o
Offering
·
Industrial Communication
o
Offering
§
Component
§
Software
§
Services
o
Communication Protocol
·
Warehouse Management System
o
Offering
o
Implementation Type
o
Tiber
Type
Segmentation
by Enabling Technology:
·
Industrial 3D printing
o
Offering
§
Printers
§
Materials
§
Software
§
Services
o
Application
o
Process
o
Technology
·
Collaborative robot
o
Payload
Capacity
o
Application
·
IIOT
o
Device
& Technology
o
Software
·
AI in manufacturing
o
Offering
§
Hardware
§
Software
§
Technology
o
Application
·
Machine condition monitoring
o
Monitoring Technique
o
Offering
§
Hardware
§
Software
o
Deployment
·
Industrial machine vision
o
Component
§
Hardware
§
Software
o
Product
o
Application
·
Industrial cybersecurity
o
Type
o
Product
o
Solution
& Service
·
Digital twin
·
Automated guided vehicle
o
Type
o
Navigation Technology
o
Application
·
Blockchain in manufacturing
o
Application
·
AR and VR in manufacturing
o
Technology
§
Augmented
reality
§
Virtual
reality
o
Offering
§
Hardware
§
Software
o
Device
Type
Segmentation
by Industry:
·
Process Industry
o
Oil &
Gas
o
Food
& Beverages
o
Pharmaceuticals
o
Chemicals
o
Energy
& Power
o
Metals
& Mining
o
Pulp
& Paper
o
Others
·
Discrete Industry
o
Automotive
o
Aerospace
& Defense
o
Semiconductor & electronics
o
Medical
Devices
o
Machine
Manufacturing
o
Others
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI
Research
GMI Research is a market research and consulting company
that offers business sights and market research reports for every enterprise,
including small & medium enterprises and large organizations. Our research
team helps the clients to understand the impact of market dynamics such as
market size, share, drivers, growth opportunities, and other aspects. We have a
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as FMCG, Technology, Energy, Healthcare, and other industries. We collect
relevant information about the industry using both internal and external
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