Global Smart Manufacturing Market (2018-2023)
DESCRIPTION
TABLE OF CONTENTS
RELATED REPORTS
SAMPLE REQUEST
REVIEWS
DESCRIPTION
The smart manufacturing market is expected to expand at a compound annual growth rate (CAGR) of 15.75% during the 2018-2023 period. Need for data-driven decision making, intense cost competition, and streamlining of manufacturing processes for higher productivity are the key driving forces of this market.
Application segment insights:
Advancements in digital technologies such as machine learning, machine vision, and motion control, have led to the higher adoption of industrial automation in several sectors, with greater prominence in the automotive sector. The industrial automation segment occupied the largest market share (49%) globally, in 2017, followed by the Industrial Internet of Things (IIoT) (33%). A concerted effort by the industrial sectors and technology firms have resulted in innovative solutions to cater to IIoT. Smart factories have also shown steady growth, brought about by 3D printing and distributed manufacturing control systems.
End users segment insights:
The highest adoption of smart manufacturing is expected in the aerospace sector, which will expand at a CAGR of 25% during the forecasted period. This is fuelled by the increased production of advanced aircraft, such as the Boeing 787 and Airbus A350. Increased use of robots in industrial control mechanisms will drive the automotive and industrial equipment end users segment, at CAGRs of 15.6% and 11.2% respectively, during the 2018-2023 period. The chemicals and materials, food and agriculture, and healthcare sectors are also some of the promising areas for the implementation of smart manufacturing technologies.
Regional insights:
North America is leading the innovation in the smart manufacturing market, and occupied approximately 27% of the global market in 2017. Massive investments in smart manufacturing technologies, tax subsidies for manufacturers, and innovations in robotics have fuelled the growth of the smart manufacturing market in the region. Asia-Pacific, experiencing high industrialization, occupied a 25% share in 2017. The Latin America and the Middle East and Africa markets though, still at nascent stages, are experiencing decent growth.
Companies covered:
1. KUKA
2. ABB Ltd
3. Cisco Systems, Inc.
4. IBM Security
5. The Raytheon Company
6. Stratasys, Ltd.
7. The Emerson Electric Co.
8. Alpine Data Labs
9. SAP SE
10. Maersk
Customizations available
With the given market data, offers customizations according to specific needs.
Application segment insights:
Advancements in digital technologies such as machine learning, machine vision, and motion control, have led to the higher adoption of industrial automation in several sectors, with greater prominence in the automotive sector. The industrial automation segment occupied the largest market share (49%) globally, in 2017, followed by the Industrial Internet of Things (IIoT) (33%). A concerted effort by the industrial sectors and technology firms have resulted in innovative solutions to cater to IIoT. Smart factories have also shown steady growth, brought about by 3D printing and distributed manufacturing control systems.
End users segment insights:
The highest adoption of smart manufacturing is expected in the aerospace sector, which will expand at a CAGR of 25% during the forecasted period. This is fuelled by the increased production of advanced aircraft, such as the Boeing 787 and Airbus A350. Increased use of robots in industrial control mechanisms will drive the automotive and industrial equipment end users segment, at CAGRs of 15.6% and 11.2% respectively, during the 2018-2023 period. The chemicals and materials, food and agriculture, and healthcare sectors are also some of the promising areas for the implementation of smart manufacturing technologies.
Regional insights:
North America is leading the innovation in the smart manufacturing market, and occupied approximately 27% of the global market in 2017. Massive investments in smart manufacturing technologies, tax subsidies for manufacturers, and innovations in robotics have fuelled the growth of the smart manufacturing market in the region. Asia-Pacific, experiencing high industrialization, occupied a 25% share in 2017. The Latin America and the Middle East and Africa markets though, still at nascent stages, are experiencing decent growth.
Companies covered:
1. KUKA
2. ABB Ltd
3. Cisco Systems, Inc.
4. IBM Security
5. The Raytheon Company
6. Stratasys, Ltd.
7. The Emerson Electric Co.
8. Alpine Data Labs
9. SAP SE
10. Maersk
Customizations available
With the given market data, offers customizations according to specific needs.
TABLE OF CONTENTS
Chapter 1. Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary
Chapter 2. Industry 4.0: global smart manufacturing market overview
2.1. Global market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
2.2. Global market drivers
2.3. Global market trends
2.4. Global market challenges
2.5. Value chain analysis
2.6. Porters five forces analysis
2.7. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
2.8. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 3. North America Industry 4.0: global smart manufacturing market
3.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 4. Europe Industry 4.0: global smart manufacturing market
4.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 5. Asia-Pacific Industry 4.0: global smart manufacturing market
5.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 6. Latin America Industry 4.0: global smart manufacturing market
6.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 7. The Middle East and Africa Industry 4.0: global smart manufacturing market
7.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 8. Competitive landscape
8.1. KUKA
8.1.a. Company snapshot
8.1.b. Product offerings
8.1.c. Company initiatives
8.1.e. Geographical presence
8.1.f. Key people
Note: Similar information areas will be covered for the remaining competitors
8.2. ABB Ltd.
8.3. Cisco Systems, Inc.
8.4. IBM Security
8.5. The Raytheon Company
8.6. Stratasys, Ltd.
8.7. The Emerson Electric Co.
8.8. Alpine Data Labs
8.9. SAP SE
8.10. Maersk
Chapter 9 Conclusion
9.1. Future outlook
Appendix
1. List of tables
2. Research methodology
3. Assumptions
4. About Netscribes Inc.
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary
Chapter 2. Industry 4.0: global smart manufacturing market overview
2.1. Global market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
2.2. Global market drivers
2.3. Global market trends
2.4. Global market challenges
2.5. Value chain analysis
2.6. Porters five forces analysis
2.7. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
2.8. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 3. North America Industry 4.0: global smart manufacturing market
3.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 4. Europe Industry 4.0: global smart manufacturing market
4.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 5. Asia-Pacific Industry 4.0: global smart manufacturing market
5.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 6. Latin America Industry 4.0: global smart manufacturing market
6.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 7. The Middle East and Africa Industry 4.0: global smart manufacturing market
7.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.2. Market segmentation based on application (industrial automation, smart factory, and industrial Internet of Things [IIoT]) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.3. Market segmentation based on end users (automotive, aerospace, chemicals and materials, electrical and electronic equipment, food and agriculture, healthcare, industrial equipment, and others) - market size (USD Bn), and key drivers and challenges, and penetration
Chapter 8. Competitive landscape
8.1. KUKA
8.1.a. Company snapshot
8.1.b. Product offerings
8.1.c. Company initiatives
8.1.e. Geographical presence
8.1.f. Key people
Note: Similar information areas will be covered for the remaining competitors
8.2. ABB Ltd.
8.3. Cisco Systems, Inc.
8.4. IBM Security
8.5. The Raytheon Company
8.6. Stratasys, Ltd.
8.7. The Emerson Electric Co.
8.8. Alpine Data Labs
8.9. SAP SE
8.10. Maersk
Chapter 9 Conclusion
9.1. Future outlook
Appendix
1. List of tables
2. Research methodology
3. Assumptions
4. About Netscribes Inc.
RELATED REPORTS
Global Machine Vision Market 2023
Machine vision refers to the technology and methods used to enable a machine, typically a computer, to see and interpret the world visually. This involves using cameras, sensors, and image
View ReportGlobal Smart Plug Market 2023
DescriptionThe global market for smart plugs is expected to experience considerable expansion between 2022 and 2029. Recent projections estimate the market size will grow from approximately $2.15 billion in 2022
View ReportDevelopment Trends and Opportunities in the Global Smartphone Radio Frequency Industry (pre-order)
The global mobile communication radio frequency (RF) market has undergone significant changes with the advent of 5G communication. Qualcomms introduction of a comprehensive solution from baseband to antenna has gradually
View ReportGlobal Smart Baby Monitor Market 2023
Smart baby monitors play a significant role in modern parenting by leveraging technology to enhance parental supervision, improve responsiveness to the babys needs, and provide valuable insights into the babys
View ReportSAMPLE REQUEST
Fill The Form For Sample Request
REVIEWS
