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Smart Manufacturing Market by Technology (PLC, DCS, HMI, MES, PLM, SCADA, and Machine Vision), by Component (Hardware, Software, and Services) for Electronics, Healthcare, Automotive, Oil & Gas, Aerospace & Defense, Food & Agriculture, Industrial Equipment, Chemicals & Materials, and Others by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa): Global Industry Perspective, Comprehensive Analysis, and Forecast 2017-2023

Published Date: 16-May-2018 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-2816 Status : Published

Global smart manufacturing market expected to reach approximately USD 479.01 billion in 2023, growing at a CAGR of slightly above 15.4% between 2018 and 2023. The adoption of smart manufacturing technologies by global players will provide opportunities for automating operations and use data analytics to improve manufacturing performance.

Description

The report covers forecast and analysis for the smart manufacturing market on a global and regional level. The study provides historic data of 2015 -2017 along with a forecast from 2018 to 2023 based on revenue (USD Billion). The study includes drivers and restraints for the smart manufacturing market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart manufacturing market on a global level.

This report offers comprehensive coverage on the global smart manufacturing market along with, market trends, drivers, and restraints of the smart manufacturing market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the smart manufacturing market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

Global Smart Manufacturing Market

The study provides a decisive view on the smart manufacturing market by segmenting the market based on technology, component, end use, and region. The technology segment includes PLC, DCS, HMI, MES, PLM, SCADA, and machine vision. The component segment is further divided into hardware, software, and services. The end use segment is further sub-divided into electronics, healthcare, automotive, oil & gas, aerospace & defense, food & agriculture, industrial equipment, chemicals & materials, and others. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa with further country wise bifurcation include U.S., UK, France, Germany, China, Japan, India, and Brazil.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global smart manufacturing market are Siemens AG, ABB Ltd., Emerson Electric Company, Schneider Electric, General Electric Company, Honeywell International Inc., Mitsubishi Electric, Yokogawa Electric Corporation, FANUC Corporation and Rockwell Automation Inc. among others.

The report segments the global smart manufacturing market as follows:

Smart Manufacturing Market: Technology Segment Analysis

  • PLC
  • DCS
  • HMI
  • MES
  • PLM
  • SCADA
  • Machine Vision

Smart Manufacturing Market: Component Segment Analysis

  • Hardware
  • Software
  • Services

Smart Manufacturing Market: End-Use Segment Analysis

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

Smart Manufacturing Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Smart Manufacturing Market, 2015 - 2023, (USD Billion)
    • 2.2. Smart Manufacturing Market: Market Snapshot
  •  
  • Chapter 3. Smart Manufacturing Market - Industry Analysis
    • 3.1. Smart Manufacturing Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Improved productivity and reduced cost of manufacturing
    • 3.3. Restraints
      • 3.3.1. High initial installation cost
    • 3.4. Opportunity
      • 3.4.1. Continuously rising investments in production
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis by Technology Segment
      • 3.6.2. Market Attractiveness Analysis by Component Segment
      • 3.6.3. Market Attractiveness Analysis by End-Use Segment
      • 3.6.4. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Smart Manufacturing Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017 (Subject to Data Availability)
    • 4.2. Strategic Developments
    • 4.3. Acquisitions & Mergers
    • 4.4. New Product Launch
    • 4.5. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.6. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Smart Manufacturing Market - Technology Segment Analysis
    • 5.1. Smart Manufacturing Market Overview: by Technology
      • 5.1.1. Smart Manufacturing Market Revenue Share, by Technology, 2017 and 2023
    • 5.2. Smart Manufacturing Market, by PLC Segment, 2015-2023 (USD Billion)
    • 5.3. Smart Manufacturing Market by DCS Segment, 2015-2023 (USD Billion)
    • 5.4. Smart Manufacturing Market, by HMI Segment, 2015-2023 (USD Billion)
    • 5.5. Smart Manufacturing Market by MES Segment, 2015-2023 (USD Billion)
    • 5.6. Smart Manufacturing Market, by PLM Segment, 2015-2023 (USD Billion)
    • 5.7. Smart Manufacturing Market by SCADA Segment, 2015-2023 (USD Billion)
    • 5.8. Smart Manufacturing Market, by Machine Vision Segment, 2015-2023 (USD Billion)
  •  
  • Chapter 6. Smart Manufacturing Market - Component Segment Analysis
    • 6.1. Smart Manufacturing Market Overview: by Component
      • 6.1.1. Smart Manufacturing Market Revenue Share, by Component, 2017 and 2023
    • 6.2. Smart Manufacturing Market by Hardware Segment, 2015-2023 (USD Billion)
    • 6.3. Smart Manufacturing Market by Software Segment, 2015-2023 (USD Billion)
    • 6.4. Smart Manufacturing Market by Services Segment, 2015-2023 (USD Billion)
  •  
  • Chapter 7. Smart Manufacturing Market - End Use Segment Analysis
    • 7.1. Smart Manufacturing Market Overview: by End-Use
      • 7.1.1. Smart Manufacturing Market Revenue Share, by End Use, 2017 and 2023
    • 7.2. Smart Manufacturing Market by Electronics Segment, 2015-2023 (USD Billion)
    • 7.3. Smart Manufacturing Market by Healthcare Segment, 2015-2023 (USD Billion)
    • 7.4. Smart Manufacturing Market by Automotive Segment, 2015-2023 (USD Billion)
    • 7.5. Smart Manufacturing Market by Oil & Gas Segment, 2015-2023 (USD Billion)
    • 7.6. Smart Manufacturing Market by Aerospace & Defense Segment, 2015-2023 (USD Billion)
    • 7.7. Smart Manufacturing Market by Food & Agriculture Segment, 2015-2023 (USD Billion)
    • 7.8. Smart Manufacturing Market by Industrial Equipment Segment, 2015-2023 (USD Billion)
    • 7.9. Smart Manufacturing Market by Other Segment, 2015-2023 (USD Billion)
  •  
  • Chapter 8. Smart Manufacturing Market - Regional Analysis
    • 8.1. Smart Manufacturing Market: Regional Overview
      • 8.1.1. Smart Manufacturing Market Revenue Share, by Region, 2017 and 2023
    • 8.2. North America
      • 8.2.1. North America Smart Manufacturing Market, 2015 - 2023 (USD Billion)
      • 8.2.2. North America Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
      • 8.2.3. North America Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
      • 8.2.4. North America Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
        • 8.2.5.2. U.S. Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
        • 8.2.5.3. U.S. Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Smart Manufacturing Market, 2015 - 2023 (USD Billion)
      • 8.3.2. Europe Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
      • 8.3.3. Europe Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
      • 8.3.4. Europe Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
      • 8.3.5. UK
        • 8.3.5.1. UK Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
        • 8.3.5.2. UK Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
        • 8.3.5.3. UK Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
        • 8.3.6.2. France Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
        • 8.3.6.3. France Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
        • 8.3.7.2. Germany Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
        • 8.3.7.3. Germany Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia-Pacific Smart Manufacturing Market, 2015 - 2023 (USD Billion)
      • 8.4.2. Asia Pacific Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
      • 8.4.3. Asia Pacific Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
      • 8.4.4. Asia Pacific Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
      • 8.4.5. China
        • 8.4.5.1. China Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
        • 8.4.5.2. China Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
        • 8.4.5.3. China Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
      • 8.4.6. Japan
        • 8.4.6.1. Japan Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
        • 8.4.6.2. Japan Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
        • 8.4.6.3. Japan Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
      • 8.4.7. India
        • 8.4.7.1. India Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
        • 8.4.7.2. India Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
        • 8.4.7.3. India Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Smart Manufacturing Market, 2015 - 2023 (USD Billion)
      • 8.5.2. Latin America Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
      • 8.5.3. Latin America Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
      • 8.5.4. Latin America Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
        • 8.5.5.2. Brazil Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
        • 8.5.5.3. Brazil Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa Smart Manufacturing Market, 2015 - 2023 (USD Billion)
      • 8.6.2. Middle East & Africa Smart Manufacturing Market Revenue, by Technology, 2015 - 2023 (USD Billion)
      • 8.6.3. Middle East & Africa Smart Manufacturing Market Revenue, by Component, 2015 - 2023 (USD Billion)
      • 8.6.4. Middle East & Africa Smart Manufacturing Market Revenue, by End Use, 2015 - 2023 (USD Billion)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Siemens AG
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. ABB Ltd.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. Emerson Electric Company
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. Schneider Electric
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. General Electric Company
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Honeywell International Inc.
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product Portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Developments
    • 9.7. Mitsubishi Electric
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product Portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Developments
    • 9.8. Yokogawa Electric Corporation
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Developments
    • 9.9. FANUC Corporation
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Developments
    • 9.10. Rockwell Automation Inc.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product Portfolio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Developments

Methodology

Free Analysis

The global demand for smart manufacturing market is expected to grow from USD 202.82 billion in 2017, and is expected to reach approximately USD 479.01 billion in 2023, growing at a CAGR of slightly above 15.4% between 2018 and 2023.

Over the past several years, smart manufacturing has been a topic of conversation among the global manufacturing experts, leaders and strategists. Smart manufacturing is a technology-driven approach that utilizes internet-connected machinery to monitor the production process in real time. Smart manufacturing is expected to bring next industrial revolution in the global manufacturing sector. The continuously increasing investments in production activities, expanding mindfulness about advance and better production technologies, and the need for upgradation & modernization of control systems has become necessary to compete at international standards. All these factors are fuelling the adoption of smart manufacturing technology. Using smart manufacturing technologies companies are increasing the efficiency of their manufacturing plants and production process through the use of real time data and digital technologies.

The global manufacturing sector has been tormented by several factors including uncertainties in the supply of raw materials, rising operational costs, intense competition by local players and many others. As a result, various industry players are looking for options and ways through which they can reduce costs, improve product quality and make manufacturing more efficient. So the improved productivity and reduced cost structure of manufacturing is propelling the growth of smart manufacturing market globally. Smart manufacturing technologies have witnessed a significant growth in market as it offers ample technological solutions to small and medium sized enterprises and connected supply chains to its users. Whereas factors such as high initial cost of set up, and the probability of cyber-attacks to breach the security are hampering the growth of this market. Frequent investments by global players in the research and development activities related to smart manufacturing in order to come up with innovative products is expected to drive the growth of this market.

Global Smart Manufacturing Market

Market segmentation of smart manufacturing includes technology, component and end use. The technology segment is divided into PLC, DCS, HMI, MES, PLM, SCADA, and machine vision. The component is further divided into hardware, software and services. The end use segment is further bifurcated into electronics, healthcare, automotive, oil & gas, aerospace & defense, food & agriculture, industrial equipment, chemicals & materials and others. Regional segmentation of the smart manufacturing market include North America, Europe, Asia Pacific, Latin America and Middle East and Africa with further country wise bifurcation into major countries such as U.S., UK, France, Germany, China, Japan, India and Brazil.

The major players operating in the global smart manufacturing market are Siemens AG, ABB Ltd., Emerson Electric Company, Schneider Electric, General Electric Company, Honeywell International Inc., Mitsubishi Electric, Yokogawa Electric Corporation, FANUC Corporation and Rockwell Automation Inc. among others.

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