Smart Manufacturing Market, By Technology (Programmable Logic Controller (PLC), Supervisory Controller and Data Acquisition (SCADA), Enterprise Resource and Planning (ERP), Distributed Control System (DCS), Human Machine Interface (HMI), Product Lifecycle

Smart Manufacturing Market, By Technology (Programmable Logic Controller (PLC), Supervisory Controller and Data Acquisition (SCADA), Enterprise Resource and Planning (ERP), Distributed Control System (DCS), Human Machine Interface (HMI), Product Lifecycle Management (PLM), Manufacturing Execution System (MES), and Other Technologies), By Components (Communication Segment, Control Device, Machine Vision Systems, Robotics, Sensor, and Other Components), By End-use Industry (Automotive, Semiconductors, Mining, Oil & Gas, Chemicals & Petrochemicals, Pharmaceuticals, Aerospace & Defense, Food & Beverages, Other End-user Industries), And By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Smart manufacturing is a process that uses advanced technology and data analytics to enhance the operational efficiency of manufacturing units. Its benefits include reduced downtime, increased productivity, and improved product quality. This technology has been applied in a variety of industries, including automotive, pharmaceuticals, and electronics.

IoT and cloud connectivity are important factors in achieving a smart manufacturing strategy. These technologies allow machines to communicate with each other and send alerts when problems occur. They also increase the quality of goods produced. Some devices may even be able to independently make decisions based on their own sensors and AI.

Market Dynamics:

As the demand for intelligent automation increases, the global smart manufacturing market is expected to grow rapidly. Several major players are focusing on expanding their customer base in the global market. They invest in research and development to develop advanced products. This in turn will boost the market growth.

However, rising costs, transportation capacity constraints, and inadequate supply chain scalability are some of the factors that will limit the market's growth in the coming years.

In July 2021, Rockwell Automation announced the acquisition of Plex Systems for USD 2.22 billion to expand its industrial cloud software offering. Plex Systems is a pure software-as-a-service, cloud-native smart manufacturing platform operating at scale

In March 2021, FANUC and Rockwell Automation formed a alliance to address the manufacturing skills gap with robotics and automation apprenticeship plans planned to upskill current and future workers for advanced manufacturing, robotics, and automation jobs. The alliance has established new apprenticeship agendas offering people openings to gain credentials, including fundamental robotics (Robot Operator) and automation (PLC Operator).

Key features of the study:

  • This report provides in-depth analysis of the global smart manufacturing market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global smart manufacturing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Yokogawa Electric Corporation, ABB Ltd., Texas Instruments Incorporated, Emerson Electric Company, Siemens AG, Fanuc Corp., Schneider Electric SE, General Electric Co., Rockwell Automation Inc., Honeywell International Inc., Robert Bosch GmbH, and Mitsubishi Electric Corporation.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global smart manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart manufacturing market
Detailed Segmentation:
  • Global Smart Manufacturing Market, By Technology
  • Programmable Logic Controller (PLC)
  • Supervisory Controller and Data Acquisition (SCADA)
  • Enterprise Resource and Planning (ERP)
  • Distributed Control System (DCS)
  • Human Machine Interface (HMI)
  • Product Lifecycle Management (PLM)
  • Manufacturing Execution System (MES)
  • Other Technologies
  • Global Smart Manufacturing Market, By Components
  • Communication Segment
  • Control Device
  • Machine Vision Systems
  • Robotics
  • Sensor
  • Other Components
  • Global Smart Manufacturing Market, By End-use Industry
  • Automotive
  • Semiconductors
  • Mining
  • Oil & Gas
  • Chemicals & Petrochemicals
  • Pharmaceuticals
  • Aerospace & Defense
  • Food & Beverages
  • Other End-user Industries
  • Global Smart Manufacturing Market, By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  • Company Profiles:
  • ABB Ltd
  • Emerson Electric Company
  • Fanuc Corp.
  • General Electric Co.
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Texas Instruments Incorporated
  • Yokogawa Electric Corporation


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Technology
Market Snapshot, By Components
Market Snapshot, By End-User Industry
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Rise in demand for automation
Growing requirement for compliance and government support for digitization
Restraints
Data security related concerns
High cost of installation
Opportunities
Industrial revolution in manufacturing industries
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Smart Manufacturing Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Smart Manufacturing Market , By Technology, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segment Trends
Programmable Logic Controller (PLC)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Supervisory Controller and Data Acquisition (SCADA)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Enterprise Resource and Planning (ERP)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Distributed Control System (DCS)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Human Machine Interface (HMI)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Product Lifecycle Management (PLM)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Manufacturing Execution System (MES)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Other Technologies
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
6. Global Smart Manufacturing Market , By Components, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segment Trends
Communication Segment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Control Device
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Machine Vision Systems
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Robotics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Sensor
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Other Components
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
7. Global Smart Manufacturing Market , By End-User Industry, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segment Trends
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Semiconductors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Mining
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Oil & Gas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Chemicals & Petrochemicals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Pharmaceuticals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Aerospace & Defense
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Food & Beverages
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Other End-user Industries
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
8. Global Smart Manufacturing Market , By Region, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2017–2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
Rest of World
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Components, 2017-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2017-2030,(US$ Mn)
9. Competitive Landscape
ABB Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Emerson Electric Company
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Fanuc Corp.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
General Electric Co.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Honeywell International Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Mitsubishi Electric Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Robert Bosch GmbH
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Rockwell Automation Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Schneider Electric SE
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Siemens AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
10. Section
Research Methodology
About us
*Browse 24 market data tables and 28 figures on “Global Smart Manufacturing Market” - Global forecast to 2030

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings