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The demand with the global smart manufacturing market has been increasing based on the trend of achieving best industrial productivity for making a profitable business. Smart manufacturing has encompassed in several industries and is anticipated to renovate the business landscape over the forecast period. Smart manufacturing mentions the use of computerized systems and important manufacturing technologies to improve the speed of manufacturing, quality and agility. Smart manufacturing is dissimilar from traditional manufacturing in the sense involving workforce training and transformation concept to bring about product transaction.
Traditional manufacturing methods include expected usage of raw materials in developing final products where smart manufacturing is a more customized approach focusing on the detailing of products. The current scenario has experienced various digital transformations and solutions coming under the limelight of attention, has supported the growth of the global smart manufacturing market. Various research organizations have justified smart manufacturing usage by claiming that there is a minimum production of waste when digital technologies are utilized for manufacturing. Growth of the manufacturing units in various sectors and industries is anticipated to bring optimistic growth in the global smart manufacturing market.
Various technologies of a smart manufacturing market are:
Key manufacturers like Yokogawa, Siemens, Schneider, SAP, Rockwell, Oracle, IBM, Honeywell, General Electric, Emerson, Daifuku, Cisco, ABB and 3D systems.
Smart manufacturing has been a subject of discussion amongst the global strategists, leaders and manufacturing experts since few years now. Smart manufacturing is the technology-driven method that uses inter-linked machinery to observe the procedure of production. Smart manufacturing is projected to carry the next industrial revolution in the manufacturing sector across the globe. Smart manufacturing is defined as “the ability to solve existing and future problems via an open infrastructure that allows solutions to be implemented at the speed of business while creating advantaged value” by Smart Manufacturing leadership coalition’s (SMLC). The unceasingly surging investments in the activities of production, increasing mindfulness regarding the superior and developed production technologies and the requirement for modernization & up gradation of control systems becoming essential to contend at the international standards. All the factors are boosting the acceptance of smart manufacturing technology. By using smart manufacturing technologies, companies augment the efficacy of the production process and manufacturing plants by using digital technologies and real-time data.
The global smart manufacturing sector has been persecuted by various factors involving the doubts in the raw materials supply, extreme competition by local players, increasing operational costs and more. Several industry players are considering for choices and the options by improving the product quality, decrease the costs and make manufacturing more efficient. So the decreased structure of cost and enhanced productivity of manufacturing are increasing the growth of the global smart manufacturing market. Technologies of smart manufacturing are experiencing substantial growth in the market as it provides sufficient technological solutions to medium- and small-sized enterprises and associated supply chain to the users. While the factors like the primary cost of setting up and the possibility of cyber-attacks to rupture the security are affecting the global smart manufacturing market growth. Continuous investments by global players in the activities of research & development connected to smart manufacturing permitted coming up with the inventive products are projected to fuel the growth of the global smart manufacturing market.
Growth in the importance of growing production efficacy and getting visibility across the whole value chain are the two important factors fueling the growth of the smart manufacturing market. Accessibility of developed technologies plant asset management, manufacturing execution systems (MES) and 3D printing solutions to medium and small enterprises is increasing the growth of smart manufacturing industry.
Smart manufacturing involves a huge range of technologies from Product Lifecycle Management (PLM) to 3D printing. Whereas few of the technologies are in use for some time as segments like additive manufacturing are getting powerful in the coming years. The segment of 3D printing is anticipated to experience the maximum growth in the coming years because of its large-scale acceptance in agile product iterations and design procedure.
Although, the segment of Manufacturing Execution Systems (MES) will hold the maximum market share based on revenue produced as the result of the developed demand for restructuring workflows and decreasing the lead times. The rise in the demand for industrial automation linked with the increasing importance of regulatory and legal agreement is boosting the market growth.
The demand with the global smart manufacturing market has been increasing based on the trend of achieving best industrial productivity for making a profitable business. Smart manufacturing has encompassed in several industries and is anticipated to renovate the business landscape over the forecast period. Smart manufacturing mentions the use of computerized systems and important manufacturing technologies to improve the speed of manufacturing, quality and agility. Smart manufacturing is dissimilar from traditional manufacturing in the sense involving workforce training and transformation concept to bring about product transaction.
Traditional manufacturing methods include expected usage of raw materials in developing final products where smart manufacturing is a more customized approach focusing on the detailing of products. The current scenario has experienced various digital transformations and solutions coming under the limelight of attention, has supported the growth of the global smart manufacturing market. Various research organizations have justified smart manufacturing usage by claiming that there is a minimum production of waste when digital technologies are utilized for manufacturing. Growth of the manufacturing units in various sectors and industries is anticipated to bring optimistic growth in the global smart manufacturing market.
Various technologies of a smart manufacturing market are:
Key manufacturers like Yokogawa, Siemens, Schneider, SAP, Rockwell, Oracle, IBM, Honeywell, General Electric, Emerson, Daifuku, Cisco, ABB and 3D systems.
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market drivers
3.2.2. Market restraints
3.2.3. Market opportunities
3.3. Value chain analysis
3.4. Porter’s Five Forces analysis
3.5. PESTEL analysis
3.6. Vendor landscape analysis, 2017
Chapter 4. Global Smart Manufacturing Market Overview, By Component
4.1. Global Smart Manufacturing market share, by type, 2017 & 2025
4.1.1. Business requirements
4.1.2. Market size and projections, 2015-2025
4.1.3. Service delivery framework
4.1.4. Market size and projections, 2015-2025
4.1.5. Organizational model
4.1.6. Market size and projections, 2015-2025
4.2. Others
4.2.1. Market size and projections, 2015-2025
(Note: The segmentation given above is subject to change during the course of further research)
Chapter 5. Global Smart Manufacturing Market Overview, By Region
5.1. Global Smart Manufacturing market share, by region, 2017 & 2025
5.2. North America
5.2.1. Market size and projections, 2015-2025
5.2.2. Market size and projections, by type, 2015-2025
5.2.3. Market size and projections, by application, 2015-2025
5.2.4. US
5.2.4.1. Market size and projections, 2015-2025
5.2.4.2. Market size and projections, by type, 2015-2025
5.2.4.3. Market size and projections, by application, 2015-2025
5.3. Europe
5.3.1. Market size and projections, 2015-2025
5.3.2. Market size and projections, by type, 2015-2025
5.3.3. Market size and projections, by application, 2015-2025
5.3.4. Germany
5.3.4.1. Market size and projections, 2015-2025
5.3.4.2. Market size and projections, by type, 2015-2025
5.3.4.3. Market size and projections, by application, 2015-2025
5.3.5. UK
5.3.5.1. Market size and projections, 2015-2025
5.3.5.2. Market size and projections, by type, 2015-2025
5.3.5.3. Market size and projections, by application, 2015-2025
5.4. Asia Pacific
5.4.1. Market size and projections, 2015-2025
5.4.2. Market size and projections, by type, 2015-2025
5.4.3. Market size and projections, by application, 2015-2025
5.4.4. China
5.4.4.1. Market size and projections, 2015-2025
5.4.4.2. Market size and projections, by type, 2015-2025
5.4.4.3. Market size and projections, by application, 2015-2025
5.4.5. India
5.4.5.1. Market size and projections, 2015-2025
5.4.5.2. Market size and projections, by type, 2015-2025
5.4.5.3. Market size and projections, by application, 2015-2025
5.5. South America
5.5.1. Market size and projections, 2015-2025
5.5.2. Market size and projections, by type, 2015-2025
5.5.3. Market size and projections, by application, 2015-2025
5.5.4. Brazil
5.5.4.1. Market size and projections, 2015-2025
5.5.4.2. Market size and projections, by type, 2015-2025
5.5.4.3. Market size and projections, by application, 2015-2025
5.6. Middle East & Africa
5.6.1. Market size and projections, 2015-2025
5.6.2. Market size and projections, by type, 2015-2025
5.6.3. Market size and projections, by application, 2015-2025
(Note: The segmentation given above is subject to change during the course of further research)
Chapter 6. Company Profiles
6.1.1. Siemens
6.1.2. Company overview
6.1.3. Product portfolio
6.1.4. Financial overview
6.1.5. Recent initiatives
(Note: We will provide similar information for the companies listed below)
6.2. Schneider
6.3. SAP
6.4. Rockwell
6.5. List of other vendors