Smart Manufacturing Market - Size, Analysis and Forecast | 2028
[Research Report] The smart manufacturing market is expected to grow from US$ 249.628 billion in 2022 to US$ 365.22 billion by 2028; it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.
Analyst Perspective:
The smart manufacturing market has witnessed significant growth and innovation in recent years. Smart manufacturing, or Industry 4.0 or the Fourth Industrial Revolution, refers to integrating advanced technologies, such as artificial intelligence (AI), the Internet of Things (IoT), cloud computing, big data analytics, and robotics, into manufacturing. Smart manufacturing solutions have transformed traditional manufacturing operations by enhancing efficiency, productivity, and flexibility. These technologies enable real-time monitoring, automation, predictive maintenance, and intelligent decision-making, improving quality control, reducing downtime, optimizing supply chains, and cost savings. The smart manufacturing market encompasses various sectors, including automotive, aerospace, electronics, pharmaceuticals, food and beverage, and consumer goods. The automotive industry, in particular, has embraced smart manufacturing practices to streamline production, enhance product customization, and meet the growing need for electric vehicles and autonomous driving. In addition to improving operational efficiency, smart manufacturing focuses on sustainability and environmental impact. By optimizing resource utilization, reducing waste, and implementing energy-efficient practices, manufacturers can minimize their carbon footprint and contribute to sustainable development. The global smart manufacturing market is foreseen to grow in the coming years. Factors driving this growth include the increased demand for automation, the need for real-time data analytics and predictive maintenance, and the increasing adoption of IoT devices and cloud platforms. Furthermore, technological advancements like 5G connectivity and edge computing are expected to accelerate the adoption of smart manufacturing solutions.
Market Overview:
The term "smart manufacturing" describes a global industry strategy based on the development of innovative, integrated production technologies and solutions that have been implemented ever-increasingly worldwide. For optimal and scalable control of production operations, it is necessary to introduce systems in manufacturing plants where machines are interconnected using the Internet. Some well-known technologies in smart manufacturing include the Industrial Internet of Things (IIoT), blockchain in manufacturing, robotics, ERP systems, preventive maintenance, augmented reality and virtual reality, data analytics, and automated packaging. For this reason, industrial enterprises continue to invest in and develop new methods of applying these technologies to increase production efficiency. There has also been an expansion of efforts to boost market products. A next generation of smart manufacturing platforms and Smart Factory connectivity is being created by a coalition of US-based industrial organizations, technology suppliers, R&D facilities, and universities known as the Smart Manufacturing Leadership Coalition.
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Smart Manufacturing Market: Strategic Insights
Market Size Value in US$ 258.72 Billion in 2022 Market Size Value by US$ 365.22 Billion by 2028 Growth rate CAGR of 6.0% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Smart Manufacturing Market: Strategic Insights
| Market Size Value in | US$ 258.72 Billion in 2022 |
| Market Size Value by | US$ 365.22 Billion by 2028 |
| Growth rate | CAGR of 6.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Market Driver:
Increase in Industrial Robot Adoption to Drive Growth of Smart Manufacturing Market
As more and more industries need to be automated, the deployment of industrial robots has increased. Industrial robots have contributed to the market's growth due to their expanding electronics sector and increasing labor costs in manufacturing. This will likely lead to an increased need for industrial robots during the study period, which could support market growth in smart manufacturing. As a result of the increasing focus on Green Technology and Energy Efficiency, companies can increase their market share and attract new clients by delivering Smart Manufacturing that uses less power and is more energy efficient. The investments in green systems are expected to grow by a staggering amount during the forecast period. Industrial robots are being increasingly used in the manufacturing industry to improve product efficiency, productivity, and quality. They can perform repetitive tasks with high precision, speed, and accuracy, which helps reduce errors and improve product quality. Tasks that are hazardous or difficult for human beings to carry out, e.g., working in an unsafe environment or moving objects of considerable size, are also carried out by robots. New technologies like machine learning, artificial intelligence, and the Internet of Things IoT that enables robots to be smarter and more effective are also being developed in response to the increasing adoption of Industrial Robots. These technologies are helping to create a new generation of smart robots capable of working collaboratively with humans and other robots to accomplish intricate manufacturing tasks. The increasing adoption of industrial robots is also driving the expansion of the smart manufacturing market by increasing the demand for automation solutions, data analytics, and other technologies that are being used to optimize manufacturing processes and improve product quality.
Segmental Analysis:
Based on end user, the smart manufacturing market is segmented into discrete industry and process industry. The discrete segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period. The discrete segment in the smart manufacturing market had the largest share due to the growing demand for automation and digitization in discrete manufacturing processes such as automotive, aerospace, and defense. Adopting smart manufacturing technologies in these industries has helped improve efficiency, reduce costs, and enhance quality control. This has led to increased demand for smart manufacturing solutions, driving growth in the discrete segment of the market. Additionally, the increasing focus on Industry 4.0 and the Industrial Internet of Things (IIoT) is anticipated to further drive growth in the discrete segment of the smart manufacturing market.
Regional Analysis:
The Asia Pacific smart manufacturing market was valued at US$ 78.76 billion in 2022 and is projected to reach US$ 111.53million by 2028; it is expected to grow at a CAGR of 5.5 % during the forecast period. The Asia Pacific region accounted for the largest market share. Over the forecast period, the region is also expected to experience the fastest growth. Developing nations like China and India are pursuing complete automation in smart manufacturing since there are so many untapped prospects in these markets. Due to several factors, the Asia Pacific region has become a dominant player in the smart manufacturing market. One of the primary reasons for the region's dominance is the significant investment made by governments and private organizations in developing advanced manufacturing technologies. Countries like China, Japan, and South Korea invest heavily in developing technologies such as robotics, artificial intelligence, and the Internet of Things (IoT) to improve manufacturing processes and increase productivity. In addition to government and private sector investment, the Asia Pacific region has an extensive and skilled workforce essential for developing and deploying advanced manufacturing technologies. The region has a large pool of highly skilled engineers, scientists, and technicians capable of developing and implementing new technologies in the manufacturing sector. The Asia Pacific region is also an abode to many of the world's leading manufacturing companies, particularly in the electronics and automotive sectors. These companies invest heavily in developing advanced manufacturing technologies to improve efficiency, reduce costs, and increase productivity. As an outcome, the region is becoming a hub for innovation in the manufacturing sector, with many new technologies being developed and tested before being rolled out globally.
The increasing demand for customized products also drives the development of the smart manufacturing market in the Asia Pacific region. As consumers become more demanding and expect products that meet their needs, manufacturers are turning to advanced technologies such as 3D printing and machine learning to create customized products quickly and efficiently. The Asia Pacific region is well-positioned to take advantage of this trend, with many of the world's leading 3D printing companies based in the region. Finally, the Asia Pacific region also benefits from the increasing endorsement of cloud computing and big data analytics in manufacturing. These technologies are being used to collect and analyze vast amounts of data from various sources, including sensors, machines, and other devices, to determinate patterns and trends that can be utilized to improve manufacturing processes and product quality. The region has a large and growing cloud computing infrastructure, which is helping to propel the adoption of these technologies in the manufacturing sector..
Key Player Analysis:
The smart manufacturing market analysis consists of the players such as Yokogawa Electric Corporation; Cisco Systems, Inc; Honeywell International Inc.; 3D Systems, Inc; Daifuku Co., Ltd; GENERAL ELECTRIC; IBM Corporation; Oracle Corporation; Siemens AG; and Schneider Electric SE. Among the players in the smart manufacturing, Cisco Systems, Inc. and Siemens AG are the top two players owing to the diversified product portfolio offered.
Smart Manufacturing Market Report Scope
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the smart manufacturing market. A few recent key market developments are listed below:
- In October 2022 - ABB announced that Accelleron Industries AG, a pioneer in high-power turbochargers for mission-critical applications, has been authorized to start trading on the SIX Swiss Exchange in Zurich under the ticker symbol "ACLN." This is done to complete Accelleron's spin-off from ABB.
- In July 2022 - ABB and SKF entered into a Memorandum of Understanding (MoU) to explore the possibilities for collaboration in the automation of manufacturing processes. Through the partnership, the companies will identify and evaluate solutions to improve manufacturing capabilities and support clients’ increased production efficiency.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
End User and Components
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
APAC is the fastest-growing regional market in the global Smart manufacturing market in 2021.
The global smart manufacturing market was valued at US$ 258.72 Bn in 2022
The Future trends impacting the smart manufacturing market are:
1. 3D robotics
2. AI
3. IoT technologies
The hardware segment led the smart manufacturing in 2021.
US, Germany, India, South Africa, and Brazil are the countries are registering a high growth rate during the forecast period.
The global smart manufacturing market size is projected to reach US$ 365.22 Bn by 2028.
The driving factors impacting the Smart manufacturing market are
1. Surging Adoption of RTLS
2. Increasing Trend of Industry 4.0
The incremental growth of the smart manufacturing market during the forecast period is US$ 22.0 billion with a CAGR of 6.0%
The key players holding the major market share of smart manufacturing are General Electric Company; Honeywell International Inc.; Oracle Corporation; Schneider Electric SE; Siemens AG; Hitachi Ltd; Alstom SA; Irdeto; Raytheon Technologies Corporation; and ENSCO Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Smart Manufacturing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Smart Manufacturing Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Demand for Smart Machine Vision Systems
5.1.2 Countries with Huge Industrial Sector and Implementation of Advanced Techniques
5.2 Market Restraints
5.2.1 Risks to Data Security and Compatibility Issues
5.3 Market Opportunities
5.3.1 Surging Adoption of RTLS
5.4 Future Trends
5.4.1 Growing Use of Robotics in Automation
5.4.2 Revolution in Smart Factories
5.5 Impact Analysis of Drivers and Restraints
6. Smart Manufacturing Market – Global Analysis
6.1 Smart Manufacturing Market Overview
6.2 Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Billion)
6.3 Market Positioning – Five Key Players
7. Smart Manufacturing Market Analysis – By End User
7.1 Overview
7.2 Smart Manufacturing Market Breakdown, By End User (2020 and 2028)
7.3 Discrete Industry
7.3.1 Overview
7.3.2 Discrete Industry: Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.1 Defense
7.3.2.1.1 Overview
7.3.2.1.2 Defense Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.2 Medical Devices
7.3.2.2.1 Overview
7.3.2.2.2 Medical Devices Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.3 Automotive
7.3.2.3.1 Overview
7.3.2.3.2 Automotive Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.4 Semiconductors and Electronics
7.3.2.4.1 Overview
7.3.2.4.2 Semiconductors and Electronics Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.5 Machine Manufacturing
7.3.2.5.1 Overview
7.3.2.5.2 Machine Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.6 Aerospace
7.3.2.6.1 Overview
7.3.2.6.2 Aerospace Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.7 Others
7.3.2.7.1 Overview
7.3.2.7.2 Others Market Revenue and Forecast to 2028 (US$ Million)
7.4 Process Industry
7.4.1 Overview
7.4.2 Process Industry: Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.1 Pulp and Paper
7.4.2.1.1 Overview
7.4.2.1.2 Pulp and Paper Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.2 Metals and Mining
7.4.2.2.1 Overview
7.4.2.2.2 Metals and Mining Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.3 Pharmaceuticals
7.4.2.3.1 Overview
7.4.2.3.2 Pharmaceuticals Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.4 Oil and Gas
7.4.2.4.1 Overview
7.4.2.4.2 Oil and Gas Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.5 Energy and Power
7.4.2.5.1 Overview
7.4.2.5.2 Energy and Power Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.6 Chemicals
7.4.2.6.1 Overview
7.4.2.6.2 Chemicals Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.7 Food and Beverages
7.4.2.7.1 Overview
7.4.2.7.2 Food and Beverages Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.8 Others
7.4.2.8.1 Overview
7.4.2.8.2 Others Market Revenue and Forecast to 2028 (US$ Million)
8. Smart Manufacturing Market Analysis – By Component
8.1 Overview
8.2 Smart Manufacturing Market Breakdown, By Component (2020 and 2028)
8.3 Hardware
8.3.1 Overview
8.3.2 Hardware: Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.1 Sensors
8.3.2.1.1 Overview
8.3.2.1.2 Sensors Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.2 RTLS
8.3.2.2.1 Overview
8.3.2.2.2 RTLS Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.3 Robotics
8.3.2.3.1 Overview
8.3.2.3.2 Robotics Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.4 Industrial Machine Vision
8.3.2.4.1 Overview
8.3.2.4.2 Industrial Machine Vision Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.5 Warehouse Management System
8.3.2.5.1 Overview
8.3.2.5.2 Warehouse Management System Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.6 Human-Machine Interface
8.3.2.6.1 Overview
8.3.2.6.2 Human-Machine Interface Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.7 Industrial Communication
8.3.2.7.1 Overview
8.3.2.7.2 Industrial Communication Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.8 Industrial 3D printing
8.3.2.8.1 Overview
8.3.2.8.2 Industrial 3D Printing Market Revenue and Forecast to 2028 (US$ Million)
8.3.2.9 IIoT
8.3.2.9.1 Overview
8.3.2.9.2 IIoT Market Revenue and Forecast to 2028 (US$ Million)
8.4 Software
8.4.1 Overview
8.4.2 Software: Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
8.4.2.1 Enterprise Manufacturing Intelligence
8.4.2.1.1 Overview
8.4.2.1.2 Enterprise Manufacturing Intelligence Market Revenue and Forecast to 2028 (US$ Million)
8.4.2.2 Plant Asset Management Market
8.4.2.2.1 Overview
8.4.2.2.2 Plant Asset Management Market Revenue and Forecast to 2028 (US$ Million)
8.4.2.3 Digital Twin
8.4.2.3.1 Overview
8.4.2.3.2 Digital Twin Market Revenue and Forecast to 2028 (US$ Million)
8.4.2.4 AI in manufacturing
8.4.2.4.1 Overview
8.4.2.4.2 AI in manufacturing Market Revenue and Forecast to 2028 (US$ Million)
8.4.2.5 Others
8.4.2.5.1 Overview
8.4.2.5.2 Others Market Revenue and Forecast to 2028 (US$ Million)
9. Smart manufacturing Market – Geographic Analysis
9.1 Overview
9.2 North America: Smart Manufacturing Market
9.2.1 North America: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Smart Manufacturing Market, by End User
9.2.3 North America: Smart Manufacturing Market, by Component
9.2.4 North America: Smart Manufacturing Market, by Key Country
9.2.4.1 US: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Smart Manufacturing Market, by End User
9.2.4.1.1.1 US: Smart Manufacturing Market, By Discrete Industry
9.2.4.1.1.2 US: Smart Manufacturing Market, By Process Industry
9.2.4.1.2 US: Smart Manufacturing Market, by Component
9.2.4.2 Canada: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Smart Manufacturing Market, by End User
9.2.4.2.1.1 Canada: Smart Manufacturing Market, By Discrete Industry
9.2.4.2.1.2 Canada: Smart Manufacturing Market, By Process Industry
9.2.4.2.2 Canada: Smart Manufacturing Market, by Component
9.2.4.3 Mexico: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Smart Manufacturing Market, by End User
9.2.4.3.1.1 Mexico: Smart Manufacturing Market, By Discrete Industry
9.2.4.3.1.2 Mexico: Smart Manufacturing Market, By Process Industry
9.2.4.3.2 Mexico: Smart Manufacturing Market, by Component
9.3 Europe: Smart Manufacturing Market
9.3.1 Europe: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Smart Manufacturing Market, by End User
9.3.2.1.1.1 Europe: Smart Manufacturing Market, By Discrete Industry
9.3.2.1.1.2 Europe: Smart Manufacturing Market, By Process Industry
9.3.3 Europe: Smart Manufacturing Market, by Component
9.3.4 Europe: Smart Manufacturing Market, by Key Country
9.3.4.1 France: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 France: Smart Manufacturing Market, by End User
9.3.4.1.1.1 France: Smart Manufacturing Market, By Discrete Industry
9.3.4.1.1.2 France: Smart Manufacturing Market, By Process Industry
9.3.4.1.2 France: Smart Manufacturing Market, by Component
9.3.4.2 Germany: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 Germany: Smart Manufacturing Market, by End User
9.3.4.2.1.1 Germany: Smart Manufacturing Market, By Discrete Industry
9.3.4.2.1.2 Germany: Smart Manufacturing Market, By Process Industry
9.3.4.2.2 Germany: Smart Manufacturing Market, by Component
9.3.4.3 Italy: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Smart Manufacturing Market, by End User
9.3.4.3.1.1 Italy: Smart Manufacturing Market, By Discrete Industry
9.3.4.3.1.2 Italy: Smart Manufacturing Market, By Process Industry
9.3.4.3.2 Italy: Smart Manufacturing Market, by Component
9.3.4.4 UK: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Smart Manufacturing Market, by End User
9.3.4.4.1.1 UK: Smart Manufacturing Market, By Discrete Industry
9.3.4.4.1.2 UK: Smart Manufacturing Market, By Process Industry
9.3.4.4.2 UK: Smart Manufacturing Market, by Component
9.3.4.5 Russia: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Smart Manufacturing Market, by End User
9.3.4.5.1.1 Russia: Smart Manufacturing Market, By Discrete Industry
9.3.4.5.1.2 Russia: Smart Manufacturing Market, By Process Industry
9.3.4.5.2 Russia: Smart Manufacturing Market, by Component
9.3.4.6 Rest of Europe: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Smart Manufacturing Market, by End User
9.3.4.6.1.1 Rest of Europe: Smart Manufacturing Market, By Discrete Industry
9.3.4.6.1.2 Rest of Europe: Smart Manufacturing Market, By Process Industry
9.3.4.6.2 Rest of Europe: Smart Manufacturing Market, by Component
9.4 APAC: Smart Manufacturing Market
9.4.1 APAC: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Smart Manufacturing Market, by End User
9.4.2.1.1.1 APAC: Smart Manufacturing Market, By Discrete Industry
9.4.2.1.1.2 APAC: Smart Manufacturing Market, By Process Industry
9.4.3 APAC: Smart Manufacturing Market, by Component
9.4.4 APAC: Smart Manufacturing Market, by Key Country
9.4.4.1 Australia: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Smart Manufacturing Market, by End User
9.4.4.1.1.1 Australia: Smart Manufacturing Market, By Discrete Industry
9.4.4.1.1.2 Australia: Smart Manufacturing Market, By Process Industry
9.4.4.1.2 Australia: Smart Manufacturing Market, by Component
9.4.4.2 China: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Smart Manufacturing Market, by End User
9.4.4.2.1.1 China: Smart Manufacturing Market, By Discrete Industry
9.4.4.2.1.2 China: Smart Manufacturing Market, By Process Industry
9.4.4.2.2 China: Smart Manufacturing Market, by Component
9.4.4.3 India: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Smart Manufacturing Market, by End User
9.4.4.3.1.1 India: Smart Manufacturing Market, By Discrete Industry
9.4.4.3.1.2 India: Smart Manufacturing Market, By Process Industry
9.4.4.3.2 India: Smart Manufacturing Market, by Component
9.4.4.4 Japan: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Smart Manufacturing Market, by End User
9.4.4.4.1.1 Japan: Smart Manufacturing Market, By Discrete Industry
9.4.4.4.1.2 Japan: Smart Manufacturing Market, By Process Industry
9.4.4.4.2 Japan: Smart Manufacturing Market, by Component
9.4.4.5 South Korea: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Smart Manufacturing Market, by End User
9.4.4.5.1.1 South Korea: Smart Manufacturing Market, By Discrete Industry
9.4.4.5.1.2 South Korea: Smart Manufacturing Market, By Process Industry
9.4.4.5.2 South Korea: Smart Manufacturing Market, by Component
9.4.4.6 Rest of APAC: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Smart Manufacturing Market, by End User
9.4.4.6.1.1 Rest of APAC: Smart Manufacturing Market, By Discrete Industry
9.4.4.6.1.2 Rest of APAC: Smart Manufacturing Market, By Process Industry
9.4.4.6.2 Rest of APAC: Smart Manufacturing Market, by Component
9.5 MEA: Smart Manufacturing Market
9.5.1 MEA: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Smart Manufacturing Market, by End User
9.5.2.1.1.1 MEA: Smart Manufacturing Market, By Discrete Industry
9.5.2.1.1.2 MEA: Smart Manufacturing Market, By Process Industry
9.5.3 MEA: Smart Manufacturing Market, by Component
9.5.4 MEA: Smart Manufacturing Market, by Key Country
9.5.4.1 Saudi Arabia: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 Saudi Arabia: Smart Manufacturing Market, by End User
9.5.4.1.1.1 Saudi Arabia: Smart Manufacturing Market, By Discrete Industry
9.5.4.1.1.2 Saudi Arabia: Smart Manufacturing Market, By Process Industry
9.5.4.1.2 Saudi Arabia: Smart Manufacturing Market, by Component
9.5.4.2 UAE: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 UAE: Smart Manufacturing Market, by End User
9.5.4.2.1.1 UAE: Smart Manufacturing Market, By Discrete Industry
9.5.4.2.1.2 UAE: Smart Manufacturing Market, By Process Industry
9.5.4.2.2 UAE: Smart Manufacturing Market, by Component
9.5.4.3 South Africa: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 South Africa: Smart Manufacturing Market, by End User
9.5.4.3.1.1 South Africa: Smart Manufacturing Market, By Discrete Industry
9.5.4.3.1.2 South Africa: Smart Manufacturing Market, By Process Industry
9.5.4.3.2 South Africa: Smart Manufacturing Market, by Component
9.5.4.4 Rest of MEA: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Smart Manufacturing Market, by End User
9.5.4.4.1.1 Rest of MEA: Smart Manufacturing Market, By Discrete Industry
9.5.4.4.1.2 Rest of MEA: Smart Manufacturing Market, By Process Industry
9.5.4.4.2 Rest of MEA: Smart Manufacturing Market, by Component
9.6 SAM: Smart Manufacturing Market
9.6.1 SAM: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Smart Manufacturing Market, by End User
9.6.2.1.1.1 SAM: Smart Manufacturing Market, By Discrete Industry
9.6.2.1.1.2 SAM: Smart Manufacturing Market, By Process Industry
9.6.3 SAM: Smart Manufacturing Market, by Component
9.6.4 SAM: Smart Manufacturing Market, by Key Country
9.6.4.1 Brazil: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Smart Manufacturing Market, by End User
9.6.4.1.1.1 Brazil: Smart Manufacturing Market, By Discrete Industry
9.6.4.1.1.2 Brazil: Smart Manufacturing Market, By Process Industry
9.6.4.1.2 Brazil: Smart Manufacturing Market, by Component
9.6.4.2 Argentina: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Smart Manufacturing Market, by End User
9.6.4.2.1.1 Argentina: Smart Manufacturing Market, By Discrete Industry
9.6.4.2.1.2 Argentina: Smart Manufacturing Market, By Process Industry
9.6.4.2.2 Argentina: Smart Manufacturing Market, by Component
9.6.4.3 Rest of SAM: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: Smart Manufacturing Market, by End User
9.6.4.3.1.1 Rest of SAM: Smart Manufacturing Market, By Discrete Industry
9.6.4.3.1.2 Rest of SAM: Smart Manufacturing Market, By Process Industry
9.6.4.3.2 Rest of SAM: Smart Manufacturing Market, by Component
10. Smart Manufacturing Market- COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 MEA: Impact Assessment of COVID-19 Pandemic
10.1.5 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Yokogawa Electric Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cisco Systems, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Honeywell International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 3D Systems, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Daifuku Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 GENERAL ELECTRIC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 IBM Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Oracle Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Siemens AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Schneider Electric SE
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Smart Manufacturing Market, by Discrete Industry – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Smart Manufacturing Market, by Process Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 11. US: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 12. North America: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 13. North America: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 17. Canada: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 18. Canada: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 19. Canada: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 21. Mexico: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 22. Mexico: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 23. Mexico: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 24. Mexico: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 25. Mexico: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 26. Europe: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 27. Europe: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 28. Europe: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 29. Europe: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 30. Europe: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 31. Europe: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 32. France: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 33. France: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 34. France: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 35. France: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 36. France: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 37. France: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 38. Germany: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 39. Germany: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 40. Germany: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 41. Germany: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 42. Germany: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 43. Germany: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 44. Italy: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 45. Italy: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 46. Italy: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 47. Italy: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 48. Italy: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 49. Italy: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 50. UK: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 51. UK: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 52. UK: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 53. UK: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 54. UK: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 55. UK: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 56. Russia: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 57. Russia: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 58. Russia: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 59. Russia: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 60. Russia: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 61. Russia: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 62. Rest of Europe: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 63. Rest of Europe: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 64. Rest of Europe: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 65. Rest of Europe: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 66. Rest of Europe: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 67. Rest of Europe: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 68. APAC: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 69. APAC: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 70. APAC: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 71. APAC: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 72. APAC: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 73. APAC: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 74. Australia: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 75. Australia: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 76. Australia: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 77. Australia: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 78. Australia: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 79. Australia: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 80. China: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 81. China: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 82. China: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 83. China: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 84. China: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 85. China: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 86. India: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 87. India: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 88. India: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 89. India: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 90. India: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 91. India: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 92. Japan: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 93. Japan: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 94. Japan: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 95. Japan: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 96. Japan: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 97. Japan: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 98. South Korea: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 99. South Korea: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 100. South Korea: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 101. South Korea: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 102. South Korea: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 103. South Korea: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 104. Rest of APAC: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 105. Rest of APAC: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 106. Rest of APAC: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 107. Rest of APAC: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 108. Rest of APAC: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 109. Rest of APAC: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 110. MEA: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 111. MEA: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 112. MEA: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 113. MEA: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 114. MEA: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 115. MEA: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 116. Saudi Arabia: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 117. Saudi Arabia: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 118. Saudi Arabia: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 119. Saudi Arabia: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 120. Saudi Arabia: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 121. Saudi Arabia: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 122. UAE: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 123. UAE: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 124. UAE: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 125. UAE: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 126. UAE: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 127. UAE: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 128. South Africa: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 129. South Africa: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 130. South Africa: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 131. South Africa: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 132. South Africa: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 133. South Africa: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 134. Rest of MEA: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 135. Rest of MEA: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 136. Rest of MEA: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 137. Rest of MEA: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 138. Rest of MEA: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 139. Rest of MEA: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 140. SAM: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 141. SAM: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 142. SAM: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 143. SAM: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 144. SAM: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 145. SAM: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 146. Brazil: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 147. Brazil: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 148. Brazil: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 149. Brazil: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 150. Brazil: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 151. Brazil: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 152. Argentina: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 153. Argentina: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 154. Argentina: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 155. Argentina: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 156. Argentina: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 157. Argentina: Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 158. Rest of SAM: Smart Manufacturing Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 159. Rest of SAM: Smart Manufacturing Market, By Discrete Industry– Revenue and Forecast to 2028 (US$ Million)
Table 160. Rest of SAM: Smart Manufacturing Market, By Process Industry– Revenue and Forecast to 2028 (US$ Million)
Table 161. Rest of SAM: Smart Manufacturing Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 162. Rest of SAM: Smart Manufacturing Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 163. Rest of SAM : Smart Manufacturing Market, by Software – Revenue and Forecast to 2028 (US$ Million)
Table 164. List of Abbreviation
LIST OF FIGURES
Figure 1. Smart Manufacturing Market Segmentation
Figure 2. Smart Manufacturing Market Segmentation – By Geography
Figure 3. Global Smart Manufacturing Market Overview
Figure 4. Discrete Industry Segment held the largest share in 2020
Figure 5. Hardware Segment held the largest share in 2020
Figure 6. APAC held the largest share in 2020
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific: PEST Analysis
Figure 10. Middle East & Africa: PEST Analysis
Figure 11. South America: PEST Analysis
Figure 12. Smart Manufacturing Market – Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Impact Analysis of Drivers and Restraints
Figure 15. Smart Manufacturing Market – Geographic Analysis
Figure 16. Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Smart Manufacturing Market Breakdown, By End User (2020 and 2028)
Figure 18. Discrete Industry: Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Defense Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Medical Devices Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Automotive Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Semiconductors and Electronics Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Machine Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Aerospace Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Process Industry: Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Pulp and Paper Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Metals and Mining Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Pharmaceuticals Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Oil and Gas Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Energy and Power Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Chemicals Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Food and Beverages Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 35. Smart Manufacturing Market Breakdown, By Component (2020 and 2028)
Figure 36. Hardware: Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 37. Sensors Market Revenue and Forecast to 2028 (US$ Million)
Figure 38. RTLS Market Revenue and Forecast to 2028 (US$ Million)
Figure 39. Robotics Market Revenue and Forecast to 2028 (US$ Million)
Figure 40. Industrial Machine Vision Market Revenue and Forecast to 2028 (US$ Million)
Figure 41. Warehouse Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 42. Human-Machine Interface Market Revenue and Forecast to 2028 (US$ Million)
Figure 43. Industrial Communication Market Revenue and Forecast to 2028 (US$ Million)
Figure 44. Industrial 3D Printing Market Revenue and Forecast to 2028 (US$ Million)
Figure 45. IIoT Market Revenue and Forecast to 2028 (US$ Million)
Figure 46. Software: Smart Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 47. Enterprise Manufacturing Intelligence Market Revenue and Forecast to 2028 (US$ Million)
Figure 48. Plant Asset Management Market Revenue and Forecast to 2028 (US$ Million)
Figure 49. Digital Twin Market Revenue and Forecast to 2028 (US$ Million)
Figure 50. AI in manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 51. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 52. Global Smart Manufacturing Market Revenue Share, by Region (2020 and 2028)
Figure 53. North America: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. North America: Smart Manufacturing Market Revenue Share, by End User (2020 and 2028)
Figure 55. North America: Smart Manufacturing Market Revenue Share, by Component (2020 and 2028)
Figure 56. North America: Smart Manufacturing Market Revenue Share, by Key Country (2020 and 2028)
Figure 57. US: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Canada: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Mexico: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Europe: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Europe: Smart Manufacturing Market Revenue Share, by End User (2020 and 2028)
Figure 62. Europe: Smart Manufacturing Market Revenue Share, by Component (2020 and 2028)
Figure 63. Europe: Smart Manufacturing Market Revenue Share, by Key Country (2020 and 2028)
Figure 64. France: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Germany: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Italy: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. UK: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Russia: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of Europe: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. APAC: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. APAC: Smart Manufacturing Market Revenue Share, by End User (2020 and 2028)
Figure 72. APAC: Smart Manufacturing Market Revenue Share, by Component (2020 and 2028)
Figure 73. APAC: Smart Manufacturing Market Revenue Share, by Key Country (2020 and 2028)
Figure 74. Australia: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. China: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. India: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Japan: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. South Korea: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Rest of APAC: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. MEA: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. MEA: Smart Manufacturing Market Revenue Share, by End User (2020 and 2028)
Figure 82. MEA: Smart Manufacturing Market Revenue Share, by Component (2020 and 2028)
Figure 83. MEA: Smart Manufacturing Market Revenue Share, by Key Country (2020 and 2028)
Figure 84. Saudi Arabia: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. UAE: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 86. South Africa: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 87. Rest of MEA: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 88. SAM: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 89. SAM: Smart Manufacturing Market Revenue Share, by End User (2020 and 2028)
Figure 90. SAM: Smart Manufacturing Market Revenue Share, by Component (2020 and 2028)
Figure 91. SAM: Smart Manufacturing Market Revenue Share, by Key Country (2020 and 2028)
Figure 92. Brazil: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 93. Argentina: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 94. Rest of SAM: Smart Manufacturing Market – Revenue and Forecast to 2028 (US$ Million)
Figure 95. Impact of COVID-19 Pandemic in North American Country Markets
Figure 96. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 97. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 98. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 99. Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - Smart Manufacturing Market
- Yokogawa Electric Corporation
- Cisco Systems, Inc
- Honeywell International Inc.
- 3D Systems, Inc
- Daifuku Co., Ltd
- GENERAL ELECTRIC
- IBM Corporation
- Oracle Corporation
- Siemens AG
- Schneider Electric SE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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