Northern India Herald

Smart Manufacturing Market To Develop Growth At CAGR of 12.4% Due To Rising Acceptance of Industrial IOT, Big Data Analytics And Smart Robots in Various Industrial Verticals | Million Insights

 Breaking News
  • No posts were found

Smart Manufacturing Market To Develop Growth At CAGR of 12.4% Due To Rising Acceptance of Industrial IOT, Big Data Analytics And Smart Robots in Various Industrial Verticals | Million Insights

October 26
17:30 2021
Smart Manufacturing Market To Develop Growth At CAGR of 12.4% Due To Rising Acceptance of Industrial IOT, Big Data Analytics And Smart Robots in Various Industrial Verticals | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global smart manufacturing industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

The global Smart Manufacturing Market size is estimated to arrive at USD 589.98 billion by 2028. It is projected to develop by 12.4% CAGR from 2021 to 2028.

Rising acceptance of the technologies, together with industrial IoT, big data analytics and smart robots in manufacturing amenities, are an input feature, boosting the enlargement of the market for smart manufacturing.

The small & medium enterprises are also, progressively more, incorporating 3D printing solutions, plant asset management, and Manufacturing Execution Systems (MES), which are speeding up the expansion of the market.

To download the sample PDF of “Smart Manufacturing Market Report” please click here: https://www.millioninsights.com/industry-reports/global-smart-manufacturing-market/request-sample

North America smart manufacturing market

The various governments, all over the world, are gradually more spending as well as encouraging smart manufacturing programs. Developing as well as developed nations, together, are insistently taking up this opportunity, which is adding to the augmentation of the market for smart manufacturing.

For example, the China government is reportedly spending about USD 3.0 billion, in the agenda Made in China 2025. Likewise, the government of India is encouraging smart manufacturing by way of the SAMARTH – Udyog Bharat 4.0 proposal, to alter the manufacturing segment.

Aerospace & Defense, and automotive are the most important revenue producing end-user verticals. Whereas, industrial equipment and oil & gas are expected to speedily increase the efforts for the digitization. The arrival of 3D simulation, printing, and modeling, in the manufacturing procedures has, considerably, impelled the development of the smart manufacturing market.

To browse report summary & detailed TOC, please click the link below:  https://www.millioninsights.com/industry-reports/global-smart-manufacturing-market

 Global smart manufacturing market            

Further key findings from the report suggest:

• Industrialized nations are behind the digitalization to bring in, again, the industrial revolution in their nation. Whereas emergent nations are doing funding for the smart technologies to go along with the global trends and standards of the manufacturing sector.

• As a result of the benefits for example, augmented production as well as the competence, and decreased operational overheads, Internet of things (IoT) has increased its reputation in the international manufacturing sector.

• The incorporation of software and hardware is likely to be the major center of attention for the solution suppliers. Cyber-physical systems and united design architecture are estimated to observe, greater demand in the market for smart manufacturing.

• A change from the operational technologies to effectual simulated intelligence plus the data analytics, is anticipated to come out like a most important market inclination.

Million Insights segmented the global smart manufacturing market based on End Use, Technology, Component, and Region. 

Smart Manufacturing Component Outlook (Revenue, USD Billion, 2016 – 2028)

    • Hardware

    • Software

    • Services

Smart Manufacturing Technology Outlook (Revenue, USD Billion, 2016 – 2028)

    • Machine Execution Systems

    • Programmable Logic Controller

    • Enterprise Resource Planning

    • SCADA

    • Discrete Control Systems

    • Human Machine Interface

    • Machine Vision

    • 3D Printing

    • Product Lifecycle Management

    • Plant Asset Management

Smart Manufacturing End-use Outlook (Revenue, USD Billion, 2016 – 2028)

    • Automotive

    • Aerospace & Defense

    • Chemicals & Materials

    • Healthcare

    • Industrial Equipment

    • Electronics

    • Food & Agriculture

    • Oil & Gas

    • Others

Smart Manufacturing Regional Outlook (Revenue, USD Billion, 2016 – 2028)

    • North America

        • U.S.

        • Canada

    • Europe

        • U.K.

        • Germany

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • MEA

Companies

Various companies for smart manufacturing market are:

    • Emerson Electric

    • Schneider Electric

    • General Electric

    • Fanuc

    • Honeywell International Inc.

    • Rockwell Automation, Inc.

    • Siemens

Explore the Latest Market Research Reports by Million Insights:

• Broadcast Scheduling Software Market: The global broadcast scheduling software market was prized by USD 1.05 billion in 2020. It is estimated to witness 18.5% CAGR from 2021 to 2028.

• Medical Telepresence Robots Market: The global medical telepresence robots market was prized by USD 39.38 million in 2020. It is estimated to witness 18.5% CAGR from 2021 to 2028.

About Million Insights      

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-smart-manufacturing-market

Related Articles