Dublin, March 24, 2023 (GLOBE NEWSWIRE) -- The "Smart Manufacturing Market, By Technology, By Components, By End-use Industry, And By Region - Size, Share, Outlook, and Opportunity Analysis, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
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).
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
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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 172 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $186.68 Million |
| Forecasted Market Value (USD) by 2030 | $301.5 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Research Objectives and Assumptions
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. Global Smart Manufacturing Market - Impact of Coronavirus (COVID-19) Pandemic
5. Global Smart Manufacturing Market, By Technology, 2017-2030, (US$ Mn)
6. Global Smart Manufacturing Market, By Components, 2017-2030, (US$ Mn)
7. Global Smart Manufacturing Market, By End-User Industry, 2017-2030, (US$ Mn)
8. Global Smart Manufacturing Market, By Region, 2017-2030, (US$ Mn)
9. Competitive Landscape
10. Section
For more information about this report visit https://www.researchandmarkets.com/r/l0iiv4
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