Global Smart Manufacturing market size was valued at US$ 299.70 Bn. in 2022 and the total Smart Manufacturingrevenue is expected to grow at 13.7 % from 2023 to 2029, reaching nearly US$ 736.22 Bn.

Market Overview:

Smart Manufacturing market study encompasses price trend analysis of target brands, market insights from various countries, clinical trial findings, literature research, analysis of the refurbished market and product base, and additional services. It also includes a comprehensive analysis of rival markets, ranging from technology-based research to portfolio strategies. The report incorporates an extensive list of competitors to reflect the current market scenario accurately.

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Market Scope:

This research study offers annual projections up to 2027, along with insights into each major end-user segment of the Smart Manufacturing market. It provides estimations for revenue, sales, and growth rate of the Smart Manufacturing market worldwide.

Drivers:

While converting electrical energy into usable mechanical energy with motor some of the energy is lost as waste heat during the conversion process. Most of the times, not all of the energy going into the motor is converted to usable mechanical energy. Such losses occur repeatedly and may result in huge overall waste. Replacing traditional motors with Smart Manufacturings would reduce these losses and electricity by 20% to 30%. Smart Manufacturings have a low failure rate and a high tolerance for overload conditions, these features make them suitable for a variety of applications.

Segmentation:

by Component

Hardware
Software
Solution
Industrial 3D Printing
Programmable Logic Controller (PLC)
Product Lifecycle Management (PLM)
Manufacturing Execution System (MES)
Robotic Process Automation (RPA)
Remote Monitoring software
Supervisory Controller and Data Acquisition (SCADA)
Others (Energy Management Systems, Fleet Management Solutions, etc.)
Services
Professional Services
Managed Services


by Deployment

Cloud
On-Premises


by Enterprises

Size Large Enterprises
Small & Medium Enterprises
by Industry Process Industry
Oil & Gas
Food & Beverages
Pharmaceuticals
Chemicals
Energy & Power
Metals & Mining
Pulp & Paper
Others
Discrete Industry
Automotive
Aerospace & Defense
Semiconductor & Electronics
Medical Devices
Machine Manufacturing
Others
Mining
Construction
Oil & Gas
Others


by Enabling Technology

Industrial 3D Printing
AI in Manufacturing
Industrial Cyber security
Industrial Machine Vision
Industrial Sensors
Digital Twins
Robots
Automated Guided Vehicles
Machine Condition Monitoring
Artificial Reality & Virtual Reality
5G Industrial IoT

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Key Players: The leading players in the Smart Manufacturing market include:

1. Schneider Electric SE
2. ABB Ltd.
3. Cognex Corporation
4. Siemens AG
5. Emerson Electric Co.
6. Cisco Systems, Inc.
7. PTC, Inc.
8. Amazon Web Services, Inc.
9. SAP SE
10. Robert Bosch
11. IBM
12. Honeywell International Inc.
13. Rockwell Automation
14. General Electric
15. Hitachi
16. Plex

Regional Analysis:

The regional analysis section of the Smart Manufacturing market report evaluates individual market influencers and legislative changes affecting current and future market trends. Factors such as consumption patterns, production capacities, import-export dynamics, price trends, raw material costs, and upstream and downstream value chain analyses are considered to forecast market conditions accurately.

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The report assesses the global Smart Manufacturing market across the following regions:

North America (United States, Canada)
European Union (Germany, France, United Kingdom, Russia)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia)
Latin America (Brazil, Argentina, Colombia)
Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions Addressed in the Smart Manufacturing Market Report:

What are the emerging trends expected to shape the Smart Manufacturing market in the forecast period?
What will be the size of the Smart Manufacturing market by 2027?
Which company held the largest market share in the Smart Manufacturing market in 2020?

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


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