Smart Manufacturing Market Scope And Analysis

  • Report Code : TIPTE100000174
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 258
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Smart Manufacturing Market Scope and Analysis Report by 2028

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Smart Manufacturing Market Report Smart Manufacturing Market Size and Share Smart Manufacturing Market Scope and Analysis

Smart Manufacturing Market Report Scope

Report Attribute Details
Market size in 2022 US$ 258.72 Billion
Market Size by 2028 US$ 365.22 Billion
Global CAGR (2022 - 2028) 6.0%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By End User
  • Discrete Industry and Process Industry
By Component
  • Hardware and Software
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Yokogawa Electric Corporation
  • Cisco Systems Inc
  • Honeywell International Inc
  • 3D Systems Inc
  • Daifuku Co Ltd
  • GENERAL ELECTRIC
  • IBM Corporation
  • Oracle Corporation
  • Siemens AG

    • 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.