The global Smart Manufacturing Market will be worth USD 484.97 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of digital technologies across all major industries, including food & beverage, petrochemicals, automotive, aerospace & defense, and energy & power. The rising need to eliminate human & machine errors, enhanced asset efficiency and production quality has increased the adoption of digitized supply chain management solutions.
The latest study unravels the unfavorable impacts of the COVID-19 pandemic on the global Smart manufacturing business sector. According to our expert team, the coronavirus outbreak has had an overwhelming impact on the global economic landscape, and consequently, on this business vertical. The pandemic is expected to contribute to the potential downturn of the Smart manufacturing industry substantially. Reportedly, this sector has been financially beleaguered since the COVID-19 lockdown restrictions were put into effect. Hence, the report highlights the financial obstacles that have slowed numerous businesses’ progress in this sector and disrupted the global supply chains.
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Competitive Outlook: The leading companies operating in the Smart Manufacturing market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Smart Manufacturing Market and Profiled in the Report are:
IBM, ABB, General Electric, Siemens, Rockwell Automation, Honeywell International, Schneider Electric, Mitsubishi Electric, Emerson Electric, Cisco
Objectives of the Report:
Study of the global Smart Manufacturing market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Smart Manufacturing market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Smart Manufacturing market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Smart Manufacturing market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Information Technology Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027) Manufacturing Execution System Human-Machine Interface Warehouse Management System Plant Asset Management Industrial Communication Enterprise Manufacturing Intelligence Product lifecycle Management Others Enabling Technology Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027) Industrial Robotics Machine Vision Industrial 3D printing Industrial Internet of Things (IIoT) Artificial Intelligence (AI) in manufacturing Blockchain in manufacturing Augmented Reality and Virtual Reality in manufacturing Others  Industry Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027) Energy & Power Aerospace & Defense Pharmaceuticals Automotive Food & Beverage Semiconductor & electronics Oil & Gas Chemicals Others Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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