Smart Manufacturing Market with COVID-19 Impact by Information Technology, Enabling Technology, Industry (Process and Discrete) and Geography (North America, Europe, Asia Pacific, Rest of World) - Global Forecast to 2027
The global smart manufacturing market was valued at USD 88.7 billion in 2021 and is projected to reach USD 228.2 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2022 to 2027. The major drivers of the smart manufacturing market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, growing emphasis on regulatory compliances, increasing complexities in the supply chain, and surging demand for software systems that reduce time and cost. The smart manufacturing market has been segmented by information technology, enabling technology, industry, and region.
“Market for digital twins expected to grow at the fastest rate during the forecast period”
The smart manufacturing market by enabling technologies for digital twins is expected to grow at a CAGR of 68.9% from 2022 to 2027, reaching USD 43,614.8 million by 2027, from USD 2,124.7 million in 2021. Digital twins are being increasingly used as a means of connecting information about a physical product and its behavior in the real world with a 3D digital representation, which is commonly employed during engineering and other areas of business. For instance, Dassault Systems (France) introduced the virtual twin concept that enables design and engineering teams to visualize and analyze products or systems virtually and provide insights similar to physical behaviors, including stress and vibration, as well as behaviors associated with software and control systems.
“Automotive industry to hold largest share of Smart manufacturing market in 2027”
The automotive industry dominates the smart manufacturing market with the highest market share and is expected to grow at the rate of 29.1% during the forecast period owing to changing consumer preferences and the inefficiency of traditional processes. Changing consumer preferences, technological advancements, and the introduction of regulations associated with the automotive industry are responsible for the high complexity of automobile products. Automobiles are extremely complex and technologically sophisticated products. Manufacturing them requires advanced technological methods and processes. Technological innovations such as electric- and gas-powered vehicles lead to infrastructural changes in the automotive industry; also, the latest machines and equipment replace the need for human operators for most of the crucial processes in the automotive industry, resulting in the adoption of smart manufacturing technologies.
“Smart manufacturing market in APAC to grow at the highest CAGR”
The major factors driving the growth of the smart manufacturing market in APAC are the rising demand for smart tools due to increasing automation in industries; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing need to optimize productivity and reduce operational and maintenance costs. Government support in various APAC countries to drive industrialization is one of the important factors that will boost the demand for smart manufacturing in the coming years. Various initiatives have been taken by the governments in the region. For instance, China’s “Made in China 2025,” Japan’s “Industrial Value Chain Initiative (IVI),” South Korea’s “The Manufacturing Innovation Strategy 3.0 (Strategy 3.0),” and India’s “Samarth Udyog Bharat 4.0,” are likely to play major roles in industrial advancement and consequently create growth opportunities for the smart manufacturing market.
Breakdown of the profiles of primary participants:
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.
The break-up of primary interviews is given below:
Research Coverage
In this report, the smart manufacturing market has been segmented based on information technology, enabling technology, industry, and region. The smart manufacturing market based on information technology has been segmented into human-machine interface, plant asset management, manufacturing execution system, and warehouse management system. Based on the enabling technology, the market has been segmented into industrial 3D printing, robots, industrial sensors, AI in manufacturing, machine condition monitoring, industrial machine vision, industrial cybersecurity, digital twins, automated guided vehicles, Artificial Reality & Virtual Reality, and 5G Industrial IoT. Based on the industry, the market has been segregated into process industry: oil & gas, food & beverages, pharmaceuticals, chemicals, energy & power, metals & mining, pulp & paper, and others (cement, aluminium, steel, glass, paper and printing, textile and clothing, alternative energy, rubber, die-cast and foundry, and consumer electronics) and discrete industry: automotive, aerospace & defense, semiconductor & electronics, medical devices, machine manufacturing, and others (packaging, solar panel manufacturing, and consumer packaged goods). The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
“Market for digital twins expected to grow at the fastest rate during the forecast period”
The smart manufacturing market by enabling technologies for digital twins is expected to grow at a CAGR of 68.9% from 2022 to 2027, reaching USD 43,614.8 million by 2027, from USD 2,124.7 million in 2021. Digital twins are being increasingly used as a means of connecting information about a physical product and its behavior in the real world with a 3D digital representation, which is commonly employed during engineering and other areas of business. For instance, Dassault Systems (France) introduced the virtual twin concept that enables design and engineering teams to visualize and analyze products or systems virtually and provide insights similar to physical behaviors, including stress and vibration, as well as behaviors associated with software and control systems.
“Automotive industry to hold largest share of Smart manufacturing market in 2027”
The automotive industry dominates the smart manufacturing market with the highest market share and is expected to grow at the rate of 29.1% during the forecast period owing to changing consumer preferences and the inefficiency of traditional processes. Changing consumer preferences, technological advancements, and the introduction of regulations associated with the automotive industry are responsible for the high complexity of automobile products. Automobiles are extremely complex and technologically sophisticated products. Manufacturing them requires advanced technological methods and processes. Technological innovations such as electric- and gas-powered vehicles lead to infrastructural changes in the automotive industry; also, the latest machines and equipment replace the need for human operators for most of the crucial processes in the automotive industry, resulting in the adoption of smart manufacturing technologies.
“Smart manufacturing market in APAC to grow at the highest CAGR”
The major factors driving the growth of the smart manufacturing market in APAC are the rising demand for smart tools due to increasing automation in industries; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing need to optimize productivity and reduce operational and maintenance costs. Government support in various APAC countries to drive industrialization is one of the important factors that will boost the demand for smart manufacturing in the coming years. Various initiatives have been taken by the governments in the region. For instance, China’s “Made in China 2025,” Japan’s “Industrial Value Chain Initiative (IVI),” South Korea’s “The Manufacturing Innovation Strategy 3.0 (Strategy 3.0),” and India’s “Samarth Udyog Bharat 4.0,” are likely to play major roles in industrial advancement and consequently create growth opportunities for the smart manufacturing market.
Breakdown of the profiles of primary participants:
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.
The break-up of primary interviews is given below:
- By Company Type: Tier 1 - 52%, Tier 2 - 31%, and Tier 3 - 17%
- By Designation: C-level Executives - 47%, Directors - 31%, and others - 22%
- By Region: North America - 36%, Europe - 29%, APAC - 30%, and RoW - 5%
Research Coverage
In this report, the smart manufacturing market has been segmented based on information technology, enabling technology, industry, and region. The smart manufacturing market based on information technology has been segmented into human-machine interface, plant asset management, manufacturing execution system, and warehouse management system. Based on the enabling technology, the market has been segmented into industrial 3D printing, robots, industrial sensors, AI in manufacturing, machine condition monitoring, industrial machine vision, industrial cybersecurity, digital twins, automated guided vehicles, Artificial Reality & Virtual Reality, and 5G Industrial IoT. Based on the industry, the market has been segregated into process industry: oil & gas, food & beverages, pharmaceuticals, chemicals, energy & power, metals & mining, pulp & paper, and others (cement, aluminium, steel, glass, paper and printing, textile and clothing, alternative energy, rubber, die-cast and foundry, and consumer electronics) and discrete industry: automotive, aerospace & defense, semiconductor & electronics, medical devices, machine manufacturing, and others (packaging, solar panel manufacturing, and consumer packaged goods). The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
- This report segments of the smart manufacturing market comprehensively and provides the closest approximation of the overall market size and subsegments that include information technology, enabling technology, industry, and region.
- The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the smart manufacturing market.
- This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
- The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches, acquisitions, and expansions carried out by major market players.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY & PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
TABLE 1 RISKS & ASSOCIATED RESULTS
3 EXECUTIVE SUMMARY
3.1 REALISTIC SCENARIO
3.2 PESSIMISTIC SCENARIO
3.3 OPTIMISTIC SCENARIO
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR SMART MANUFACTURING MARKET
4.2 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
4.3 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
4.4 SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY
4.5 SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY
4.6 SMART MANUFACTURING MARKET, BY GEOGRAPHY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising emphasis on smart manufacturing in manufacturing processes
5.2.1.2 Increasing government involvement in supporting smart manufacturing
5.2.1.3 Growing emphasis on regulatory compliances
5.2.1.4 Surging demand for software systems that reduce time and cost
5.2.2 RESTRAINTS
5.2.2.1 High investments and costs involved in implementing smart manufacturing solutions
5.2.2.2 Lack of standardization among equipment manufacturers and in connectivity protocols
5.2.2.3 Requirement of maintenance attributed to frequent software upgrade
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in adoption of IIoT and Cloud technologies
5.2.3.2 Increased integration of different solutions to provide improved performance
5.2.3.3 Rapid industrial growth in emerging economies
5.2.4 CHALLENGES
5.2.4.1 Threats related to cybersecurity
5.2.4.2 Complexity in implementing smart manufacturing technology systems
5.2.4.3 Lack of skilled workforce
5.3 VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM
TABLE 2 COMPANIES AND THEIR ROLES IN SMART MANUFACTURING ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 SMART MANUFACTURING MARKET: PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 DEGREE OF COMPETITION
5.7 CASE STUDY
5.7.1 USE CASE 1: MICROSOFT CORPORATION
5.7.2 USE CASE 2: PTC INC.
5.7.3 USE CASE 3: RENISHAW
5.8 PRICING ANALYSIS
5.8.1 INDUSTRIAL SAFETY COMPONENTS
TABLE 4 PRICE RANGE OF INDUSTRIAL SAFETY COMPONENTS
5.8.2 INDUSTRIAL ROBOTS
TABLE 5 PRICE RANGE OF INDUSTRIAL ROBOTS
5.8.3 INDUSTRIAL 3D PRINTING
TABLE 6 PRICE RANGE OF INDUSTRIAL 3D PRINTERS
5.8.4 INDUSTRIAL SENSORS
TABLE 7 PRICE RANGE OF INDUSTRIAL SENSORS
5.8.5 INDUSTRIAL MACHINE VISION SYSTEMS
TABLE 8 PRICE RANGE OF MACHINE VISION SYSTEMS
5.9 TRADE ANALYSIS
5.9.1 INDUSTRIAL ROBOTS
5.9.2 REGULATING OR CONTROLLING INSTRUMENTS AND APPARATUS
5.10 PATENT ANALYSIS
TABLE 9 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS
5.10.1 LIST OF MAJOR PATENTS
5.11 TECHNOLOGY TRENDS
5.11.1 INDUSTRY 4.0
5.11.2 ARTIFICIAL INTELLIGENCE (AI)
5.11.3 INTERNET OF THINGS (IOT)
5.11.4 BLOCKCHAIN
5.11.5 AUGMENTED REALITY (AR) & VIRTUAL REALITY (VR)
5.11.6 COLLABORATIVE ROBOTS
5.11.7 PREDICTIVE MAINTENANCE
5.11.8 DIGITAL TWIN
5.12 STANDARDS & REGULATORY LANDSCAPE
5.12.1 IEC TS 62832-1: 2020
5.12.2 OPEN PLATFORM COMMUNICATIONS UNIFIED ARCHITECTURE (OPC UA)
5.12.3 ISO/IEC TR 63306-1:2020
5.12.4 ISO 55001: 2014
5.12.5 INDUSTRIAL SAFETY STANDARDS
5.12.6 REGULATORY LANDSCAPE OF SMART MANUFACTURING
5.12.6.1 Society 5.0 - Japan
5.12.6.2 RIE2020 - Singapore
5.12.6.3 High-Tech Strategy 2020 - Germany
6 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
6.1 INTRODUCTION
TABLE 10 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 11 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 12 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
TABLE 13 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2022–2027 (USD BILLION)
TABLE 14 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 15 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 16 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2018–2021(USD MILLION)
TABLE 17 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2022–2027(USD MILLION)
6.2 HUMAN-MACHINE INTERFACE
6.2.1 BY OFFERING
6.2.1.1 Software
6.2.1.1.1 HMI software enhances efficiency of production processes
6.2.1.2 Hardware
6.2.1.2.1 Evolution of IIoT leading to adoption of HMI
6.2.2 BY CONFIGURATION TYPE
6.2.2.1 Increasing requirement for high efficiency and monitoring in manufacturing plants expected to drive HMI market
TABLE 18 INFORMATION TECHNOLOGY MARKET FOR HMI, BY REGION, 2018–2021 (USD MILLION)
TABLE 19 INFORMATION TECHNOLOGY MARKET FOR HMI, BY REGION, 2022–2027 (USD BILLION)
TABLE 20 INFORMATION TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 21 INFORMATION TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 22 INFORMATION TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 23 INFORMATION TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
6.3 PLANT ASSET MANAGEMENT
6.3.1 SURGE IN ADOPTION OF PAM SYSTEMS TO REDUCE DOWNTIME AND WASTAGE IN MANUFACTURING PLANTS TO FUEL MARKET GROWTH
TABLE 24 INFORMATION TECHNOLOGY MARKET FOR PAM, BY REGION, 2018–2021 (USD MILLION)
TABLE 25 INFORMATION TECHNOLOGY MARKET FOR PAM, BY REGION, 2022–2027 (USD MILLION)
TABLE 26 INFORMATION TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 27 INFORMATION TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 28 INFORMATION TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 29 INFORMATION TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
6.3.2 BY OFFERING
6.3.2.1 PAM solutions help improve operational efficiency of business processes
6.3.3 BY DEPLOYMENT
6.3.3.1 Cloud (online) deployment mode is gaining popularity due to growing demand for advanced technologies
6.3.4 BY ASSET TYPE
6.3.4.1 PAM solutions are in demand for production assets such as monitoring, rotating, and reciprocating equipment
6.4 MANUFACTURING EXECUTION SYSTEM
6.4.1 COST-SAVING AND OPERATION OPTIMIZATION BENEFITS OF MES TO DRIVE ITS DEMAND
6.4.2 BY DEPLOYMENT TYPE
6.4.2.1 Market for hybrid deployment to grow at highest rate during forecast period
6.4.3 BY OFFERING
6.4.3.1 Reduction in manufacturing cycle time and electronic maintenance of data are major drivers for high demand of manufacturing execution systems
TABLE 30 INFORMATION TECHNOLOGY MARKET FOR MES, BY REGION, 2018–2021 (USD MILLION)
TABLE 31 INFORMATION TECHNOLOGY MARKET FOR MES, BY REGION, 2022–2027 (USD MILLION)
TABLE 32 INFORMATION TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 33 INFORMATION TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 34 INFORMATION TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 35 INFORMATION TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
6.5 WAREHOUSE MANAGEMENT SYSTEM
6.5.1 BY OFFERING
6.5.1.1 Digitization of supply chain management propels growth of warehouse management system market
6.5.2 IMPLEMENTATION TYPE
6.5.2.1 Increasing adoption of on-cloud WMS solutions
6.5.3 BY TIER TYPE
6.5.3.1 Rising demand for WMS from several industries
TABLE 36 INFORMATION TECHNOLOGY MARKET FOR WMS, BY REGION, 2018–2021 (USD MILLION)
TABLE 37 INFORMATION TECHNOLOGY MARKET FOR WMS, BY REGION, 2022–2027 (USD MILLION)
TABLE 38 INFORMATION TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 39 INFORMATION TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 40 INFORMATION TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 41 INFORMATION TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
7.1 INTRODUCTION
TABLE 42 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 43 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 44 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
TABLE 45 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY REGION, 2022–2027 (USD MILLION)
TABLE 46 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 47 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 48 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 49 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.2 INDUSTRIAL 3D PRINTING
7.2.1 SURGE IN ADOPTION OF INDUSTRIAL 3D PRINTING FOR SIMPLIFYING MANUFACTURING OF PARTS WITH COMPLEX DESIGNS TO FUEL MARKET GROWTH
7.2.2 BY OFFERING
7.2.2.1 Printers
7.2.2.1.1 Increasing demand from several industries to propel growth of industrial 3d printing market
7.2.2.2 Materials
7.2.2.2.1 Rapid increase in demand for wide range of materials owing to emerging technologies
7.2.2.3 Software
7.2.2.3.1 Surging demand for development of user-friendly software
7.2.2.4 Services
7.2.2.4.1 3D printing service sector is gaining significant traction
7.2.3 BY APPLICATION
7.2.3.1 Rising demand for industrial 3d printing in emerging applications
7.2.4 BY PROCESS
7.2.4.1 Government investments and aggressive R&D activities undertaken by industry experts drive industrial 3D printing market
7.2.5 BY TECHNOLOGY
7.2.5.1 Ability to improve manufacturing processes and enhance supply chain management likely to offer opportunity to industrial 3D printing market
TABLE 50 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION, 2018–2021 (USD MILLION)
TABLE 51 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION, 2022–2027 (USD MILLION)
TABLE 52 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 53 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 54 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 55 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.3 ROBOTS
7.3.1 TRADITIONAL INDUSTRIAL ROBOTS
7.3.1.1 Articulated robots
7.3.1.1.1 Need to increase payload capacity and reliability to fuel demand for articulated robots
7.3.1.2 Cartesian robots
7.3.1.2.1 Simple controls of Cartesian robots have increased their demand globally
7.3.1.3 Selective Compliance Assembly Robot Arms (SCARAs)
7.3.1.3.1 Best price-to-performance ratio offered by SCARAs contribute to their increased adoption in various applications
7.3.1.4 Parallel robots
7.3.1.4.1 Growing use of parallel robots in high-speed applications to fuel market growth
7.3.1.5 Other robots
7.3.2 COLLABORATIVE ROBOTS
7.3.2.1 Safety features, ease of use, and affordability of collaborative industrial robots are fueling their demand globally
TABLE 56 ENABLING TECHNOLOGY MARKET FOR ROBOTS, BY REGION, 2018–2021 (USD MILLION)
TABLE 57 ENABLING TECHNOLOGY MARKET FOR ROBOTS, BY REGION, 2022–2027 (USD MILLION)
TABLE 58 ENABLING TECHNOLOGY MARKET FOR ROBOTS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 59 ENABLING TECHNOLOGY MARKET FOR ROBOTS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 60 ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 61 ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.4 INDUSTRIAL SENSORS
7.4.1 RISE IN USE OF SENSORS TO ENSURE CONNECTIVITY IN MANUFACTURING PLANTS TO BOOST MARKET GROWTH
7.4.1.1 Wired industrial sensors
7.4.1.2 Wireless industrial sensors
TABLE 62 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY REGION, 2018–2021 (USD MILLION)
TABLE 63 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY REGION, 2022–2027 (USD MILLION)
TABLE 64 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 65 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 66 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 67 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.5 AI IN MANUFACTURING
7.5.1 BY OFFERING
7.5.1.1 Hardware
7.5.1.1.1 Evolving industrial IoT and automation boost hardware market growth
7.5.1.2 Software
7.5.1.2.1 AI solution providers are focusing on developing robust cloud-based solutions for their clients
7.5.2 BY TECHNOLOGY
7.5.2.1 AI technologies enable machines to execute activities that are currently being performed by humans
7.5.3 BY APPLICATION
7.5.3.1 AI-based quality control applications enable plant operators to quickly detect product variations during production
TABLE 68 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY REGION, 2018–2021 (USD MILLION)
TABLE 69 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY REGION, 2022–2027 (USD MILLION)
TABLE 70 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 71 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 72 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 73 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.6 MACHINE CONDITION MONITORING
7.6.1 BY MONITORING TECHNIQUE
7.6.1.1 Rising adoption of wireless communication technology in machine condition monitoring
7.6.2 BY OFFERING
7.6.2.1 Hardware
7.6.2.1.1 IIoT to unfold new growth avenues
7.6.2.2 Software
7.6.2.2.1 Condition monitoring software help in evaluating equipment reliability parameters
7.6.3 BY DEPLOYMENT TYPE
7.6.3.1 Advantages of cloud deployment over on-premises deployment to drive demand for cloud-based monitoring solutions
TABLE 74 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY REGION, 2022–2027 (USD MILLION)
TABLE 76 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 77 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 78 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 79 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.7 INDUSTRIAL MACHINE VISION
7.7.1 BY COMPONENT
7.7.1.1 Hardware
7.7.1.1.1 Growing demand for vision-guided robotic systems
7.7.1.2 Software
7.7.1.2.1 Deep learning frameworks offer great flexibility to program developers owing to their ability to design and train customized deep neural networks
7.7.2 BY PRODUCT
7.7.2.1 Increasing adoption of 3D machine vision systems
7.7.3 BY APPLICATION
7.7.3.1 Increasing demand for quality inspection and automation to drive adoption of machine vision systems
TABLE 80 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY REGION, 2018–2021 (USD MILLION)
TABLE 81 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY REGION, 2022–2027 (USD MILLION)
TABLE 82 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 83 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 84 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 85 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.8 INDUSTRIAL CYBERSECURITY
7.8.1 BY TYPE
7.8.1.1 Government funding to improve cybersecurity of industrial environment
7.8.2 BY PRODUCT
7.8.2.1 Growing incidents of data breaches due to increasing number of connected devices in industrial control systems drive market for industrial cybersecurity solutions
7.8.3 BY SOLUTION AND SERVICE
7.8.3.1 Growing number of connected devices and increasing adoption of IoT in industrial control systems propel industrial cybersecurity market growth
TABLE 86 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY REGION, 2018–2021 (USD MILLION)
TABLE 87 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY REGION, 2022–2027 (USD MILLION)
TABLE 88 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 89 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
7.9 DIGITAL TWINS
7.9.1 INCREASING ADOPTION OF EMERGING TECHNOLOGIES SUCH AS IOT AND CLOUD FOR IMPLEMENTATION OF DIGITAL TWINS ARE DRIVING GROWTH OF DIGITAL TWIN MARKET
TABLE 90 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY REGION, 2018–2021 (USD MILLION)
TABLE 91 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY REGION, 2022–2027 (USD MILLION)
TABLE 92 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 93 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 94 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 95 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.10 AUTOMATED GUIDED VEHICLES
7.10.1 BY TYPE
7.10.1.1 Growing demand for automation in material handling across industries propels AGV market growth
7.10.2 BY NAVIGATION TECHNOLOGY
7.10.2.1 Increasing demand for automation in material handling across industries propels growth of navigation technology in AGV market
7.10.3 BY APPLICATION
7.10.3.1 High adoption of automated guided vehicles in transportation sector drives AGV market
TABLE 96 ENABLING TECHNOLOGY MARKET FOR AGVS, BY REGION, 2018–2021 (USD MILLION)
TABLE 97 ENABLING TECHNOLOGY MARKET FOR AGVS, BY REGION, 2022–2027 (USD MILLION)
TABLE 98 ENABLING TECHNOLOGY MARKET FOR AGVS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 99 ENABLING TECHNOLOGY MARKET FOR AGVS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 100 ENABLING TECHNOLOGY MARKET FOR AGVS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 101 ENABLING TECHNOLOGY MARKET FOR AGVS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.11 AR AND VR IN MANUFACTURING
7.11.1 BY TECHNOLOGY
7.11.1.1 Augmented reality technology
7.11.1.1.1 Increased interest of tech giants in AR Market has resulted in upsurge in investments
7.11.1.2 Virtual reality technology
7.11.1.2.1 Advancements in technologies and growing digitization propel growth of VR technology market
7.11.2 BY OFFERING
7.11.2.1 Hardware
7.11.2.1.1 Sensors are widely used in AR devices
7.11.2.2 Software
7.11.2.2.1 Emergence of mobile devices with AR capabilities drives demand for cloud-based AR solutions
7.11.3 BY DEVICE TYPE
7.11.3.1 AR—head-mounted displays are widely adopted across companies to improve work efficiency
TABLE 102 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 103 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 104 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 105 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.12 5G INDUSTRIAL IOT
7.12.1 INCREASING DEMAND FOR HIGH RELIABILITY AND LOW LATENCY NETWORKS DRIVE DEMAND FOR 5G INDUSTRIAL IOT
TABLE 106 ENABLING TECHNOLOGY MARKET FOR 5G INDUSTRIAL IOT, BY REGION, 2018–2021 (USD MILLION)
TABLE 107 ENABLING TECHNOLOGY MARKET FOR 5G INDUSTRIAL IOT, BY REGION, 2022–2027 (USD MILLION)
TABLE 108 ENABLING TECHNOLOGY MARKET FOR 5G INDUSTRIAL IOT, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 109 ENABLING TECHNOLOGY MARKET FOR 5G INDUSTRIAL IOT, BY INDUSTRY, 2022–2027 (USD MILLION)
8 SMART MANUFACTURING MARKET, BY INDUSTRY
8.1 INTRODUCTION
8.2 PROCESS INDUSTRY
TABLE 110 SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 111 SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 112 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY INFORMATION TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 113 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY INFORMATION TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 114 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY ENABLING TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 115 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY ENABLING TECHNOLOGY, 2022–2027 (USD MILLION)
8.2.1 OIL & GAS
8.2.1.1 Oil & gas industry to hold significant market share during forecast period
8.2.2 FOOD & BEVERAGES
8.2.2.1 Requirement of increased productivity and reduced downtime fueling demand for smart manufacturing market in food & beverages industry
8.2.3 PHARMACEUTICALS
8.2.3.1 Rising automation improves compliance, minimizes deviation, and ensures operational efficiency in manufacturing process
8.2.4 CHEMICALS
8.2.4.1 Chemical industry to witness high growth rate in coming years
8.2.5 ENERGY & POWER
8.2.5.1 Power & energy is fastest growing process industry for smart manufacturing platform market
8.2.6 METALS & MINING
8.2.6.1 Growing adoption of smart manufacturing to ensure safety of mining operations to fuel market growth
8.2.7 PULP & PAPER
8.2.7.1 Growing adoption of digitalization in paper industry to increase implementation of smart manufacturing process
8.2.8 OTHERS
8.3 DISCRETE INDUSTRY
TABLE 116 SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 117 SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 118 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY INFORMATION TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 119 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY INFORMATION TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 120 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY ENABLING TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 121 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY ENABLING TECHNOLOGY, 2022–2027 (USD MILLION)
8.3.1 AUTOMOTIVE
8.3.1.1 Technological innovations in automotive industry drive smart manufacturing market growth
8.3.2 AEROSPACE & DEFENSE
8.3.2.1 High equipment costs encourage adoption of smart manufacturing technologies to avoid equipment failure risks
8.3.3 SEMICONDUCTOR & ELECTRONICS
8.3.3.1 Continuous advancements in semiconductor & electronics industry drive demand for smart manufacturing solutions to increase productivity
8.3.4 MEDICAL DEVICES
8.3.4.1 Increasing demand for smart manufacturing solutions for higher efficiency in manufacturing processes
8.3.5 MACHINE MANUFACTURING
8.3.5.1 Surging demand for predictive maintenance to propel smart manufacturing market growth
8.3.6 OTHERS
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
TABLE 122 SMART MANUFACTURING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 123 SMART MANUFACTURING MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 NORTH AMERICA
9.2.1 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN
NORTH AMERICA
TABLE 124 SMART MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 125 SMART MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
9.2.2 US
9.2.2.1 Increasing adoption of automation solutions by leading industrial players and startups to drive market growth
9.2.3 CANADA
9.2.3.1 Growing investments in process and discrete industries to contribute to growth of smart manufacturing market in Canada
9.2.4 MEXICO
9.2.4.1 Increasing investments by different countries in Mexico to create lucrative growth opportunities for market
9.3 EUROPE
9.3.1 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN EUROPE
TABLE 126 SMART MANUFACTURING MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 127 SMART MANUFACTURING MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
9.3.2 UK
9.3.2.1 Growing adoption of smart manufacturing in automotive industry to boost growth of smart manufacturing market
9.3.3 GERMANY
9.3.3.1 Germany to witness highest growth rate during forecast period
9.3.4 FRANCE
9.3.4.1 France to hold significant share of smart manufacturing market
9.3.5 REST OF EUROPE
9.4 APAC
9.4.1 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN APAC
TABLE 128 SMART MANUFACTURING MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 129 SMART MANUFACTURING MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
9.4.2 CHINA
9.4.2.1 Rising need for adoption of automation technologies and government support to spur growth of industrialization are driving smart manufacturing market
9.4.3 JAPAN
9.4.3.1 Automotive, consumer electronics, and industrial manufacturing are important industries that would create growth opportunities for smart manufacturing market
9.4.4 INDIA
9.4.4.1 Government-led initiatives to support growth of manufacturing sector to fuel smart manufacturing market
9.4.5 REST OF APAC
9.5 ROW
9.5.1 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN ROW
TABLE 130 SMART MANUFACTURING MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 131 SMART MANUFACTURING MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
9.5.2 SOUTH AMERICA
9.5.2.1 Growing adoption of IoT technologies in different industries to drive growth of smart manufacturing market
9.5.3 MIDDLE EAST & AFRICA
9.5.3.1 Growing implementation of advanced technologies in oil & gas and mining industries to propel market growth
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 132 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN SMART MANUFACTURING MARKET
10.3 TOP 5 COMPANY REVENUE ANALYSIS
10.4 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2020–2021
TABLE 133 INDUSTRIAL ROBOTS MARKET: MARKET SHARE ANALYSIS
10.5 COMPETITIVE EVALUATION QUADRANT, 2020
10.5.1 STAR
10.5.2 EMERGING LEADER
10.5.3 PERVASIVE
10.5.4 PARTICIPANT
10.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020
10.6.1 PROGRESSIVE COMPANY
10.6.2 RESPONSIVE COMPANY
10.6.3 DYNAMIC COMPANY
10.6.4 STARTING BLOCK
10.6.5 SMART MANUFACTURING MARKET: COMPANY FOOTPRINT
TABLE 134 COMPANY ENABLING TECHNOLOGY FOOTPRINT
TABLE 135 COMPANY INFORMATION TECHNOLOGY FOOTPRINT
TABLE 136 COMPANY INDUSTRY FOOTPRINT
TABLE 137 COMPANY REGION FOOTPRINT
TABLE 138 COMPANY FOOTPRINT
10.6.6 SMART MANUFACTURING MARKET: STARTUP MATRIX
TABLE 139 SMART MANUFACTURING MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 140 SMART MANUFACTURING MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES
10.7 COMPETITIVE SITUATIONS AND TRENDS
10.7.1 PRODUCT LAUNCHES
TABLE 141 SMART MANUFACTURING MARKET: PRODUCT LAUNCHES
10.7.2 DEALS
TABLE 142 SMART MANUFACTURING MARKET: DEALS
10.8 LUCRATIVE GROWTH OPPORTUNITIES FOR SMART MANUFACTURING MARKET
10.8.1 NORTH AMERICA
10.8.2 EUROPE
10.8.3 APAC
10.8.4 REST OF THE WORLD (ROW)
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1 3D SYSTEMS
TABLE 143 3D SYSTEMS: BUSINESS OVERVIEW
TABLE 144 3D SYSTEMS: PRODUCT OFFERINGS
11.1.2 ABB
TABLE 145 ABB: BUSINESS OVERVIEW
TABLE 146 ABB: PRODUCT OFFERINGS
11.1.3 CISCO
TABLE 147 CISCO: BUSINESS OVERVIEW
TABLE 148 CISCO: PRODUCT OFFERINGS
11.1.4 EMERSON ELECTRIC CO.
TABLE 149 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
TABLE 150 EMERSON ELECTRIC CO.: PRODUCT OFFERINGS
TABLE 151 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES AND DEVELOPMENTS
11.1.5 GENERAL ELECTRIC
TABLE 152 GENERAL ELECTRIC: BUSINESS OVERVIEW
TABLE 153 GENERAL ELECTRIC: PRODUCT OFFERINGS
TABLE 154 GENERAL ELECTRIC: PRODUCT LAUNCHES AND DEVELOPMENTS
11.1.6 HONEYWELL INTERNATIONAL INC
TABLE 155 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
TABLE 156 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS
11.1.7 IBM
TABLE 157 IBM: BUSINESS OVERVIEW
TABLE 158 IBM: PRODUCT OFFERINGS
11.1.8 MITSUBISHI ELECTRIC CORPORATION
TABLE 159 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
TABLE 160 MITSUBISHI ELECTRIC CORPORATION: PRODUCT OFFERINGS
11.1.9 ROCKWELL AUTOMATION INC
TABLE 161 ROCKWELL AUTOMATION INC: BUSINESS OVERVIEW
TABLE 162 ROCKWELL AUTOMATION INC: PRODUCT OFFERINGS
TABLE 163 ROCKWELL AUTOMATION: PRODUCT LAUNCHES AND DEVELOPMENTS
11.1.10 SCHNEIDER ELECTRIC
TABLE 164 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
TABLE 165 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS
11.1.11 SIEMENS
TABLE 166 SIEMENS: BUSINESS OVERVIEW
TABLE 167 SIEMENS: PRODUCT OFFERINGS
11.1.12 ORACLE
TABLE 168 ORACLE: BUSINESS OVERVIEW
TABLE 169 ORACLE: PRODUCT OFFERINGS
11.1.13 SAP
TABLE 170 SAP: BUSINESS OVERVIEW
TABLE 171 SAP: PRODUCT OFFERINGS
11.1.14 STRATASYS
TABLE 172 STRATASYS: BUSINESS OVERVIEW
TABLE 173 STRATASYS: PRODUCT OFFERINGS
11.1.15 YOKOGAWA ELECTRIC CORPORATION
TABLE 174 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
TABLE 175 YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERINGS
TABLE 176 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11.2 OTHER KEY PLAYERS
11.2.1 COGNEX CORPORATION
11.2.2 GOOGLE
11.2.3 INTEL
11.2.4 KEYENCE
11.2.5 NVIDIA
11.2.6 PTC
11.2.7 SAMSUNG
11.2.8 SONY
11.2.9 UNIVERSAL ROBOTS
11.2.10 OMRON CORPORATION
12 ADJACENT & RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 RFID MARKET
12.4 RFID MARKET, BY PRODUCT
TABLE 177 RFID MARKET, BY PRODUCT, 2017–2020 (USD BILLION)
TABLE 178 RFID MARKET, BY PRODUCT, 2021–2026 (USD BILLION)
TABLE 179 RFID MARKET, BY PRODUCT, 2017–2020 (MILLION UNITS)
TABLE 180 RFID MARKET, BY PRODUCT, 2021–2026 (MILLION UNITS)
12.5 TAGS
12.5.1 TAGS ACCOUNTED FOR LARGEST SHARE OF RFID MARKET IN 2020
12.6 READERS
TABLE 181 RFID MARKET, BY READER TYPE, 2017–2020 (USD MILLION)
TABLE 182 RFID MARKET, BY READER TYPE, 2021–2026 (USD MILLION)
TABLE 183 RFID MARKET, BY READER TYPE, 2017–2020 (MILLION UNITS)
TABLE 184 RFID MARKET, BY READER TYPE, 2021–2026 (MILLION UNITS)
12.6.1 FIXED READERS
12.6.1.1 Ruggedness and cost-effectiveness of readers primarily drive fixed readers market
TABLE 185 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
TABLE 186 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
TABLE 187 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (THOUSAND UNITS)
TABLE 188 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (THOUSAND UNITS)
12.6.2 HANDHELD READERS
12.6.2.1 Handheld readers are adopted mainly due to their mobility
TABLE 189 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
TABLE 190 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
TABLE 191 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (THOUSAND UNITS)
TABLE 192 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (THOUSAND UNITS)
TABLE 193 HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
TABLE 194 HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
TABLE 195 HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020 (THOUSAND UNITS)
TABLE 196 HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026 (THOUSAND UNITS)
TABLE 197 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 198 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 199 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (THOUSAND UNITS)
TABLE 200 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
12.7 SOFTWARE AND SERVICES
12.7.1 RECURRING REQUIREMENT OF SERVICES AND GROWING ADOPTION OF CLOUD-BASED MODELS FOR DATA ANALYSIS WOULD DRIVE SOFTWARE AND SERVICES MARKET
TABLE 201 RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 202 RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
13 APPENDIX
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY & PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
TABLE 1 RISKS & ASSOCIATED RESULTS
3 EXECUTIVE SUMMARY
3.1 REALISTIC SCENARIO
3.2 PESSIMISTIC SCENARIO
3.3 OPTIMISTIC SCENARIO
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR SMART MANUFACTURING MARKET
4.2 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
4.3 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
4.4 SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY
4.5 SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY
4.6 SMART MANUFACTURING MARKET, BY GEOGRAPHY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising emphasis on smart manufacturing in manufacturing processes
5.2.1.2 Increasing government involvement in supporting smart manufacturing
5.2.1.3 Growing emphasis on regulatory compliances
5.2.1.4 Surging demand for software systems that reduce time and cost
5.2.2 RESTRAINTS
5.2.2.1 High investments and costs involved in implementing smart manufacturing solutions
5.2.2.2 Lack of standardization among equipment manufacturers and in connectivity protocols
5.2.2.3 Requirement of maintenance attributed to frequent software upgrade
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in adoption of IIoT and Cloud technologies
5.2.3.2 Increased integration of different solutions to provide improved performance
5.2.3.3 Rapid industrial growth in emerging economies
5.2.4 CHALLENGES
5.2.4.1 Threats related to cybersecurity
5.2.4.2 Complexity in implementing smart manufacturing technology systems
5.2.4.3 Lack of skilled workforce
5.3 VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM
TABLE 2 COMPANIES AND THEIR ROLES IN SMART MANUFACTURING ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 SMART MANUFACTURING MARKET: PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 DEGREE OF COMPETITION
5.7 CASE STUDY
5.7.1 USE CASE 1: MICROSOFT CORPORATION
5.7.2 USE CASE 2: PTC INC.
5.7.3 USE CASE 3: RENISHAW
5.8 PRICING ANALYSIS
5.8.1 INDUSTRIAL SAFETY COMPONENTS
TABLE 4 PRICE RANGE OF INDUSTRIAL SAFETY COMPONENTS
5.8.2 INDUSTRIAL ROBOTS
TABLE 5 PRICE RANGE OF INDUSTRIAL ROBOTS
5.8.3 INDUSTRIAL 3D PRINTING
TABLE 6 PRICE RANGE OF INDUSTRIAL 3D PRINTERS
5.8.4 INDUSTRIAL SENSORS
TABLE 7 PRICE RANGE OF INDUSTRIAL SENSORS
5.8.5 INDUSTRIAL MACHINE VISION SYSTEMS
TABLE 8 PRICE RANGE OF MACHINE VISION SYSTEMS
5.9 TRADE ANALYSIS
5.9.1 INDUSTRIAL ROBOTS
5.9.2 REGULATING OR CONTROLLING INSTRUMENTS AND APPARATUS
5.10 PATENT ANALYSIS
TABLE 9 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS
5.10.1 LIST OF MAJOR PATENTS
5.11 TECHNOLOGY TRENDS
5.11.1 INDUSTRY 4.0
5.11.2 ARTIFICIAL INTELLIGENCE (AI)
5.11.3 INTERNET OF THINGS (IOT)
5.11.4 BLOCKCHAIN
5.11.5 AUGMENTED REALITY (AR) & VIRTUAL REALITY (VR)
5.11.6 COLLABORATIVE ROBOTS
5.11.7 PREDICTIVE MAINTENANCE
5.11.8 DIGITAL TWIN
5.12 STANDARDS & REGULATORY LANDSCAPE
5.12.1 IEC TS 62832-1: 2020
5.12.2 OPEN PLATFORM COMMUNICATIONS UNIFIED ARCHITECTURE (OPC UA)
5.12.3 ISO/IEC TR 63306-1:2020
5.12.4 ISO 55001: 2014
5.12.5 INDUSTRIAL SAFETY STANDARDS
5.12.6 REGULATORY LANDSCAPE OF SMART MANUFACTURING
5.12.6.1 Society 5.0 - Japan
5.12.6.2 RIE2020 - Singapore
5.12.6.3 High-Tech Strategy 2020 - Germany
6 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
6.1 INTRODUCTION
TABLE 10 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 11 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 12 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
TABLE 13 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2022–2027 (USD BILLION)
TABLE 14 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 15 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 16 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2018–2021(USD MILLION)
TABLE 17 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2022–2027(USD MILLION)
6.2 HUMAN-MACHINE INTERFACE
6.2.1 BY OFFERING
6.2.1.1 Software
6.2.1.1.1 HMI software enhances efficiency of production processes
6.2.1.2 Hardware
6.2.1.2.1 Evolution of IIoT leading to adoption of HMI
6.2.2 BY CONFIGURATION TYPE
6.2.2.1 Increasing requirement for high efficiency and monitoring in manufacturing plants expected to drive HMI market
TABLE 18 INFORMATION TECHNOLOGY MARKET FOR HMI, BY REGION, 2018–2021 (USD MILLION)
TABLE 19 INFORMATION TECHNOLOGY MARKET FOR HMI, BY REGION, 2022–2027 (USD BILLION)
TABLE 20 INFORMATION TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 21 INFORMATION TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 22 INFORMATION TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 23 INFORMATION TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
6.3 PLANT ASSET MANAGEMENT
6.3.1 SURGE IN ADOPTION OF PAM SYSTEMS TO REDUCE DOWNTIME AND WASTAGE IN MANUFACTURING PLANTS TO FUEL MARKET GROWTH
TABLE 24 INFORMATION TECHNOLOGY MARKET FOR PAM, BY REGION, 2018–2021 (USD MILLION)
TABLE 25 INFORMATION TECHNOLOGY MARKET FOR PAM, BY REGION, 2022–2027 (USD MILLION)
TABLE 26 INFORMATION TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 27 INFORMATION TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 28 INFORMATION TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 29 INFORMATION TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
6.3.2 BY OFFERING
6.3.2.1 PAM solutions help improve operational efficiency of business processes
6.3.3 BY DEPLOYMENT
6.3.3.1 Cloud (online) deployment mode is gaining popularity due to growing demand for advanced technologies
6.3.4 BY ASSET TYPE
6.3.4.1 PAM solutions are in demand for production assets such as monitoring, rotating, and reciprocating equipment
6.4 MANUFACTURING EXECUTION SYSTEM
6.4.1 COST-SAVING AND OPERATION OPTIMIZATION BENEFITS OF MES TO DRIVE ITS DEMAND
6.4.2 BY DEPLOYMENT TYPE
6.4.2.1 Market for hybrid deployment to grow at highest rate during forecast period
6.4.3 BY OFFERING
6.4.3.1 Reduction in manufacturing cycle time and electronic maintenance of data are major drivers for high demand of manufacturing execution systems
TABLE 30 INFORMATION TECHNOLOGY MARKET FOR MES, BY REGION, 2018–2021 (USD MILLION)
TABLE 31 INFORMATION TECHNOLOGY MARKET FOR MES, BY REGION, 2022–2027 (USD MILLION)
TABLE 32 INFORMATION TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 33 INFORMATION TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 34 INFORMATION TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 35 INFORMATION TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
6.5 WAREHOUSE MANAGEMENT SYSTEM
6.5.1 BY OFFERING
6.5.1.1 Digitization of supply chain management propels growth of warehouse management system market
6.5.2 IMPLEMENTATION TYPE
6.5.2.1 Increasing adoption of on-cloud WMS solutions
6.5.3 BY TIER TYPE
6.5.3.1 Rising demand for WMS from several industries
TABLE 36 INFORMATION TECHNOLOGY MARKET FOR WMS, BY REGION, 2018–2021 (USD MILLION)
TABLE 37 INFORMATION TECHNOLOGY MARKET FOR WMS, BY REGION, 2022–2027 (USD MILLION)
TABLE 38 INFORMATION TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 39 INFORMATION TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 40 INFORMATION TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 41 INFORMATION TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
7.1 INTRODUCTION
TABLE 42 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 43 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 44 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
TABLE 45 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY REGION, 2022–2027 (USD MILLION)
TABLE 46 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 47 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 48 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 49 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.2 INDUSTRIAL 3D PRINTING
7.2.1 SURGE IN ADOPTION OF INDUSTRIAL 3D PRINTING FOR SIMPLIFYING MANUFACTURING OF PARTS WITH COMPLEX DESIGNS TO FUEL MARKET GROWTH
7.2.2 BY OFFERING
7.2.2.1 Printers
7.2.2.1.1 Increasing demand from several industries to propel growth of industrial 3d printing market
7.2.2.2 Materials
7.2.2.2.1 Rapid increase in demand for wide range of materials owing to emerging technologies
7.2.2.3 Software
7.2.2.3.1 Surging demand for development of user-friendly software
7.2.2.4 Services
7.2.2.4.1 3D printing service sector is gaining significant traction
7.2.3 BY APPLICATION
7.2.3.1 Rising demand for industrial 3d printing in emerging applications
7.2.4 BY PROCESS
7.2.4.1 Government investments and aggressive R&D activities undertaken by industry experts drive industrial 3D printing market
7.2.5 BY TECHNOLOGY
7.2.5.1 Ability to improve manufacturing processes and enhance supply chain management likely to offer opportunity to industrial 3D printing market
TABLE 50 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION, 2018–2021 (USD MILLION)
TABLE 51 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION, 2022–2027 (USD MILLION)
TABLE 52 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 53 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 54 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 55 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.3 ROBOTS
7.3.1 TRADITIONAL INDUSTRIAL ROBOTS
7.3.1.1 Articulated robots
7.3.1.1.1 Need to increase payload capacity and reliability to fuel demand for articulated robots
7.3.1.2 Cartesian robots
7.3.1.2.1 Simple controls of Cartesian robots have increased their demand globally
7.3.1.3 Selective Compliance Assembly Robot Arms (SCARAs)
7.3.1.3.1 Best price-to-performance ratio offered by SCARAs contribute to their increased adoption in various applications
7.3.1.4 Parallel robots
7.3.1.4.1 Growing use of parallel robots in high-speed applications to fuel market growth
7.3.1.5 Other robots
7.3.2 COLLABORATIVE ROBOTS
7.3.2.1 Safety features, ease of use, and affordability of collaborative industrial robots are fueling their demand globally
TABLE 56 ENABLING TECHNOLOGY MARKET FOR ROBOTS, BY REGION, 2018–2021 (USD MILLION)
TABLE 57 ENABLING TECHNOLOGY MARKET FOR ROBOTS, BY REGION, 2022–2027 (USD MILLION)
TABLE 58 ENABLING TECHNOLOGY MARKET FOR ROBOTS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 59 ENABLING TECHNOLOGY MARKET FOR ROBOTS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 60 ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 61 ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.4 INDUSTRIAL SENSORS
7.4.1 RISE IN USE OF SENSORS TO ENSURE CONNECTIVITY IN MANUFACTURING PLANTS TO BOOST MARKET GROWTH
7.4.1.1 Wired industrial sensors
7.4.1.2 Wireless industrial sensors
TABLE 62 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY REGION, 2018–2021 (USD MILLION)
TABLE 63 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY REGION, 2022–2027 (USD MILLION)
TABLE 64 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 65 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 66 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 67 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.5 AI IN MANUFACTURING
7.5.1 BY OFFERING
7.5.1.1 Hardware
7.5.1.1.1 Evolving industrial IoT and automation boost hardware market growth
7.5.1.2 Software
7.5.1.2.1 AI solution providers are focusing on developing robust cloud-based solutions for their clients
7.5.2 BY TECHNOLOGY
7.5.2.1 AI technologies enable machines to execute activities that are currently being performed by humans
7.5.3 BY APPLICATION
7.5.3.1 AI-based quality control applications enable plant operators to quickly detect product variations during production
TABLE 68 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY REGION, 2018–2021 (USD MILLION)
TABLE 69 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY REGION, 2022–2027 (USD MILLION)
TABLE 70 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 71 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 72 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 73 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.6 MACHINE CONDITION MONITORING
7.6.1 BY MONITORING TECHNIQUE
7.6.1.1 Rising adoption of wireless communication technology in machine condition monitoring
7.6.2 BY OFFERING
7.6.2.1 Hardware
7.6.2.1.1 IIoT to unfold new growth avenues
7.6.2.2 Software
7.6.2.2.1 Condition monitoring software help in evaluating equipment reliability parameters
7.6.3 BY DEPLOYMENT TYPE
7.6.3.1 Advantages of cloud deployment over on-premises deployment to drive demand for cloud-based monitoring solutions
TABLE 74 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY REGION, 2022–2027 (USD MILLION)
TABLE 76 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 77 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 78 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 79 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.7 INDUSTRIAL MACHINE VISION
7.7.1 BY COMPONENT
7.7.1.1 Hardware
7.7.1.1.1 Growing demand for vision-guided robotic systems
7.7.1.2 Software
7.7.1.2.1 Deep learning frameworks offer great flexibility to program developers owing to their ability to design and train customized deep neural networks
7.7.2 BY PRODUCT
7.7.2.1 Increasing adoption of 3D machine vision systems
7.7.3 BY APPLICATION
7.7.3.1 Increasing demand for quality inspection and automation to drive adoption of machine vision systems
TABLE 80 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY REGION, 2018–2021 (USD MILLION)
TABLE 81 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY REGION, 2022–2027 (USD MILLION)
TABLE 82 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 83 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 84 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 85 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.8 INDUSTRIAL CYBERSECURITY
7.8.1 BY TYPE
7.8.1.1 Government funding to improve cybersecurity of industrial environment
7.8.2 BY PRODUCT
7.8.2.1 Growing incidents of data breaches due to increasing number of connected devices in industrial control systems drive market for industrial cybersecurity solutions
7.8.3 BY SOLUTION AND SERVICE
7.8.3.1 Growing number of connected devices and increasing adoption of IoT in industrial control systems propel industrial cybersecurity market growth
TABLE 86 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY REGION, 2018–2021 (USD MILLION)
TABLE 87 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY REGION, 2022–2027 (USD MILLION)
TABLE 88 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 89 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
7.9 DIGITAL TWINS
7.9.1 INCREASING ADOPTION OF EMERGING TECHNOLOGIES SUCH AS IOT AND CLOUD FOR IMPLEMENTATION OF DIGITAL TWINS ARE DRIVING GROWTH OF DIGITAL TWIN MARKET
TABLE 90 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY REGION, 2018–2021 (USD MILLION)
TABLE 91 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY REGION, 2022–2027 (USD MILLION)
TABLE 92 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 93 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 94 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 95 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWINS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.10 AUTOMATED GUIDED VEHICLES
7.10.1 BY TYPE
7.10.1.1 Growing demand for automation in material handling across industries propels AGV market growth
7.10.2 BY NAVIGATION TECHNOLOGY
7.10.2.1 Increasing demand for automation in material handling across industries propels growth of navigation technology in AGV market
7.10.3 BY APPLICATION
7.10.3.1 High adoption of automated guided vehicles in transportation sector drives AGV market
TABLE 96 ENABLING TECHNOLOGY MARKET FOR AGVS, BY REGION, 2018–2021 (USD MILLION)
TABLE 97 ENABLING TECHNOLOGY MARKET FOR AGVS, BY REGION, 2022–2027 (USD MILLION)
TABLE 98 ENABLING TECHNOLOGY MARKET FOR AGVS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 99 ENABLING TECHNOLOGY MARKET FOR AGVS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 100 ENABLING TECHNOLOGY MARKET FOR AGVS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 101 ENABLING TECHNOLOGY MARKET FOR AGVS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.11 AR AND VR IN MANUFACTURING
7.11.1 BY TECHNOLOGY
7.11.1.1 Augmented reality technology
7.11.1.1.1 Increased interest of tech giants in AR Market has resulted in upsurge in investments
7.11.1.2 Virtual reality technology
7.11.1.2.1 Advancements in technologies and growing digitization propel growth of VR technology market
7.11.2 BY OFFERING
7.11.2.1 Hardware
7.11.2.1.1 Sensors are widely used in AR devices
7.11.2.2 Software
7.11.2.2.1 Emergence of mobile devices with AR capabilities drives demand for cloud-based AR solutions
7.11.3 BY DEVICE TYPE
7.11.3.1 AR—head-mounted displays are widely adopted across companies to improve work efficiency
TABLE 102 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 103 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 104 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 105 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
7.12 5G INDUSTRIAL IOT
7.12.1 INCREASING DEMAND FOR HIGH RELIABILITY AND LOW LATENCY NETWORKS DRIVE DEMAND FOR 5G INDUSTRIAL IOT
TABLE 106 ENABLING TECHNOLOGY MARKET FOR 5G INDUSTRIAL IOT, BY REGION, 2018–2021 (USD MILLION)
TABLE 107 ENABLING TECHNOLOGY MARKET FOR 5G INDUSTRIAL IOT, BY REGION, 2022–2027 (USD MILLION)
TABLE 108 ENABLING TECHNOLOGY MARKET FOR 5G INDUSTRIAL IOT, BY INDUSTRY, 2018–2021 (USD MILLION)
TABLE 109 ENABLING TECHNOLOGY MARKET FOR 5G INDUSTRIAL IOT, BY INDUSTRY, 2022–2027 (USD MILLION)
8 SMART MANUFACTURING MARKET, BY INDUSTRY
8.1 INTRODUCTION
8.2 PROCESS INDUSTRY
TABLE 110 SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)
TABLE 111 SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)
TABLE 112 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY INFORMATION TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 113 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY INFORMATION TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 114 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY ENABLING TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 115 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY ENABLING TECHNOLOGY, 2022–2027 (USD MILLION)
8.2.1 OIL & GAS
8.2.1.1 Oil & gas industry to hold significant market share during forecast period
8.2.2 FOOD & BEVERAGES
8.2.2.1 Requirement of increased productivity and reduced downtime fueling demand for smart manufacturing market in food & beverages industry
8.2.3 PHARMACEUTICALS
8.2.3.1 Rising automation improves compliance, minimizes deviation, and ensures operational efficiency in manufacturing process
8.2.4 CHEMICALS
8.2.4.1 Chemical industry to witness high growth rate in coming years
8.2.5 ENERGY & POWER
8.2.5.1 Power & energy is fastest growing process industry for smart manufacturing platform market
8.2.6 METALS & MINING
8.2.6.1 Growing adoption of smart manufacturing to ensure safety of mining operations to fuel market growth
8.2.7 PULP & PAPER
8.2.7.1 Growing adoption of digitalization in paper industry to increase implementation of smart manufacturing process
8.2.8 OTHERS
8.3 DISCRETE INDUSTRY
TABLE 116 SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 117 SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 118 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY INFORMATION TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 119 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY INFORMATION TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 120 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY ENABLING TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 121 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY ENABLING TECHNOLOGY, 2022–2027 (USD MILLION)
8.3.1 AUTOMOTIVE
8.3.1.1 Technological innovations in automotive industry drive smart manufacturing market growth
8.3.2 AEROSPACE & DEFENSE
8.3.2.1 High equipment costs encourage adoption of smart manufacturing technologies to avoid equipment failure risks
8.3.3 SEMICONDUCTOR & ELECTRONICS
8.3.3.1 Continuous advancements in semiconductor & electronics industry drive demand for smart manufacturing solutions to increase productivity
8.3.4 MEDICAL DEVICES
8.3.4.1 Increasing demand for smart manufacturing solutions for higher efficiency in manufacturing processes
8.3.5 MACHINE MANUFACTURING
8.3.5.1 Surging demand for predictive maintenance to propel smart manufacturing market growth
8.3.6 OTHERS
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
TABLE 122 SMART MANUFACTURING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 123 SMART MANUFACTURING MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 NORTH AMERICA
9.2.1 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN
NORTH AMERICA
TABLE 124 SMART MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 125 SMART MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
9.2.2 US
9.2.2.1 Increasing adoption of automation solutions by leading industrial players and startups to drive market growth
9.2.3 CANADA
9.2.3.1 Growing investments in process and discrete industries to contribute to growth of smart manufacturing market in Canada
9.2.4 MEXICO
9.2.4.1 Increasing investments by different countries in Mexico to create lucrative growth opportunities for market
9.3 EUROPE
9.3.1 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN EUROPE
TABLE 126 SMART MANUFACTURING MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 127 SMART MANUFACTURING MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
9.3.2 UK
9.3.2.1 Growing adoption of smart manufacturing in automotive industry to boost growth of smart manufacturing market
9.3.3 GERMANY
9.3.3.1 Germany to witness highest growth rate during forecast period
9.3.4 FRANCE
9.3.4.1 France to hold significant share of smart manufacturing market
9.3.5 REST OF EUROPE
9.4 APAC
9.4.1 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN APAC
TABLE 128 SMART MANUFACTURING MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 129 SMART MANUFACTURING MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
9.4.2 CHINA
9.4.2.1 Rising need for adoption of automation technologies and government support to spur growth of industrialization are driving smart manufacturing market
9.4.3 JAPAN
9.4.3.1 Automotive, consumer electronics, and industrial manufacturing are important industries that would create growth opportunities for smart manufacturing market
9.4.4 INDIA
9.4.4.1 Government-led initiatives to support growth of manufacturing sector to fuel smart manufacturing market
9.4.5 REST OF APAC
9.5 ROW
9.5.1 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN ROW
TABLE 130 SMART MANUFACTURING MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 131 SMART MANUFACTURING MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
9.5.2 SOUTH AMERICA
9.5.2.1 Growing adoption of IoT technologies in different industries to drive growth of smart manufacturing market
9.5.3 MIDDLE EAST & AFRICA
9.5.3.1 Growing implementation of advanced technologies in oil & gas and mining industries to propel market growth
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 132 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN SMART MANUFACTURING MARKET
10.3 TOP 5 COMPANY REVENUE ANALYSIS
10.4 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2020–2021
TABLE 133 INDUSTRIAL ROBOTS MARKET: MARKET SHARE ANALYSIS
10.5 COMPETITIVE EVALUATION QUADRANT, 2020
10.5.1 STAR
10.5.2 EMERGING LEADER
10.5.3 PERVASIVE
10.5.4 PARTICIPANT
10.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020
10.6.1 PROGRESSIVE COMPANY
10.6.2 RESPONSIVE COMPANY
10.6.3 DYNAMIC COMPANY
10.6.4 STARTING BLOCK
10.6.5 SMART MANUFACTURING MARKET: COMPANY FOOTPRINT
TABLE 134 COMPANY ENABLING TECHNOLOGY FOOTPRINT
TABLE 135 COMPANY INFORMATION TECHNOLOGY FOOTPRINT
TABLE 136 COMPANY INDUSTRY FOOTPRINT
TABLE 137 COMPANY REGION FOOTPRINT
TABLE 138 COMPANY FOOTPRINT
10.6.6 SMART MANUFACTURING MARKET: STARTUP MATRIX
TABLE 139 SMART MANUFACTURING MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 140 SMART MANUFACTURING MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES
10.7 COMPETITIVE SITUATIONS AND TRENDS
10.7.1 PRODUCT LAUNCHES
TABLE 141 SMART MANUFACTURING MARKET: PRODUCT LAUNCHES
10.7.2 DEALS
TABLE 142 SMART MANUFACTURING MARKET: DEALS
10.8 LUCRATIVE GROWTH OPPORTUNITIES FOR SMART MANUFACTURING MARKET
10.8.1 NORTH AMERICA
10.8.2 EUROPE
10.8.3 APAC
10.8.4 REST OF THE WORLD (ROW)
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1 3D SYSTEMS
TABLE 143 3D SYSTEMS: BUSINESS OVERVIEW
TABLE 144 3D SYSTEMS: PRODUCT OFFERINGS
11.1.2 ABB
TABLE 145 ABB: BUSINESS OVERVIEW
TABLE 146 ABB: PRODUCT OFFERINGS
11.1.3 CISCO
TABLE 147 CISCO: BUSINESS OVERVIEW
TABLE 148 CISCO: PRODUCT OFFERINGS
11.1.4 EMERSON ELECTRIC CO.
TABLE 149 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
TABLE 150 EMERSON ELECTRIC CO.: PRODUCT OFFERINGS
TABLE 151 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES AND DEVELOPMENTS
11.1.5 GENERAL ELECTRIC
TABLE 152 GENERAL ELECTRIC: BUSINESS OVERVIEW
TABLE 153 GENERAL ELECTRIC: PRODUCT OFFERINGS
TABLE 154 GENERAL ELECTRIC: PRODUCT LAUNCHES AND DEVELOPMENTS
11.1.6 HONEYWELL INTERNATIONAL INC
TABLE 155 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW
TABLE 156 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS
11.1.7 IBM
TABLE 157 IBM: BUSINESS OVERVIEW
TABLE 158 IBM: PRODUCT OFFERINGS
11.1.8 MITSUBISHI ELECTRIC CORPORATION
TABLE 159 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
TABLE 160 MITSUBISHI ELECTRIC CORPORATION: PRODUCT OFFERINGS
11.1.9 ROCKWELL AUTOMATION INC
TABLE 161 ROCKWELL AUTOMATION INC: BUSINESS OVERVIEW
TABLE 162 ROCKWELL AUTOMATION INC: PRODUCT OFFERINGS
TABLE 163 ROCKWELL AUTOMATION: PRODUCT LAUNCHES AND DEVELOPMENTS
11.1.10 SCHNEIDER ELECTRIC
TABLE 164 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
TABLE 165 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS
11.1.11 SIEMENS
TABLE 166 SIEMENS: BUSINESS OVERVIEW
TABLE 167 SIEMENS: PRODUCT OFFERINGS
11.1.12 ORACLE
TABLE 168 ORACLE: BUSINESS OVERVIEW
TABLE 169 ORACLE: PRODUCT OFFERINGS
11.1.13 SAP
TABLE 170 SAP: BUSINESS OVERVIEW
TABLE 171 SAP: PRODUCT OFFERINGS
11.1.14 STRATASYS
TABLE 172 STRATASYS: BUSINESS OVERVIEW
TABLE 173 STRATASYS: PRODUCT OFFERINGS
11.1.15 YOKOGAWA ELECTRIC CORPORATION
TABLE 174 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW
TABLE 175 YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERINGS
TABLE 176 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11.2 OTHER KEY PLAYERS
11.2.1 COGNEX CORPORATION
11.2.2 GOOGLE
11.2.3 INTEL
11.2.4 KEYENCE
11.2.5 NVIDIA
11.2.6 PTC
11.2.7 SAMSUNG
11.2.8 SONY
11.2.9 UNIVERSAL ROBOTS
11.2.10 OMRON CORPORATION
12 ADJACENT & RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 RFID MARKET
12.4 RFID MARKET, BY PRODUCT
TABLE 177 RFID MARKET, BY PRODUCT, 2017–2020 (USD BILLION)
TABLE 178 RFID MARKET, BY PRODUCT, 2021–2026 (USD BILLION)
TABLE 179 RFID MARKET, BY PRODUCT, 2017–2020 (MILLION UNITS)
TABLE 180 RFID MARKET, BY PRODUCT, 2021–2026 (MILLION UNITS)
12.5 TAGS
12.5.1 TAGS ACCOUNTED FOR LARGEST SHARE OF RFID MARKET IN 2020
12.6 READERS
TABLE 181 RFID MARKET, BY READER TYPE, 2017–2020 (USD MILLION)
TABLE 182 RFID MARKET, BY READER TYPE, 2021–2026 (USD MILLION)
TABLE 183 RFID MARKET, BY READER TYPE, 2017–2020 (MILLION UNITS)
TABLE 184 RFID MARKET, BY READER TYPE, 2021–2026 (MILLION UNITS)
12.6.1 FIXED READERS
12.6.1.1 Ruggedness and cost-effectiveness of readers primarily drive fixed readers market
TABLE 185 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
TABLE 186 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
TABLE 187 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (THOUSAND UNITS)
TABLE 188 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (THOUSAND UNITS)
12.6.2 HANDHELD READERS
12.6.2.1 Handheld readers are adopted mainly due to their mobility
TABLE 189 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
TABLE 190 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
TABLE 191 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (THOUSAND UNITS)
TABLE 192 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (THOUSAND UNITS)
TABLE 193 HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
TABLE 194 HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
TABLE 195 HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020 (THOUSAND UNITS)
TABLE 196 HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026 (THOUSAND UNITS)
TABLE 197 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 198 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 199 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (THOUSAND UNITS)
TABLE 200 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
12.7 SOFTWARE AND SERVICES
12.7.1 RECURRING REQUIREMENT OF SERVICES AND GROWING ADOPTION OF CLOUD-BASED MODELS FOR DATA ANALYSIS WOULD DRIVE SOFTWARE AND SERVICES MARKET
TABLE 201 RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 202 RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
13 APPENDIX
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
