Global Smart Manufacturing Market

January 2025 | 126 pages | ID: G253AA5A1F3AEN
Evolve Business Intelligence

Abstracts

Global Smart Manufacturing Market By Component (Hardware, Software, Services), By Technology (Machine Execution Systems, Programmable Logic Controller, Enterprise Resource Planning, SCADA, Discrete Control Systems, Human Machine Interface, Machine Vision, 3D Printing, Product Lifecycle Management, Others), By End-User (Automotive, Aerospace & Defense, Chemicals & Materials, Healthcare, Industrial Equipment, Electronics, Food & Agriculture, Oil & Gas, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2021 t-2034

The global Smart Manufacturing market was valued at $305.6 Billion in 2023 and is anticipated t-grow at a CAGR of 14.64% from 2024 t-2034. This growth is attributed t-several macr-and microeconomic factors such as

• Technological Advancements

Technological advancements are a primary driver of the global smart manufacturing market. The integration of technologies like Artificial Intelligence (AI), Internet of Things (IoT), robotics, and cloud computing is revolutionizing manufacturing processes. AI and machine learning enable predictive maintenance, optimize production schedules, and improve quality control. IoT connects devices and systems, allowing for real-time data collection and analysis, leading t-better decision-making and increased efficiency. Robotics automate tasks, enhancing productivity and reducing labor costs. Cloud computing provides the necessary infrastructure for data storage, processing, and analysis, enabling scalable and flexible solutions. These technological advancements are driving the demand for smart manufacturing solutions across various industries, as companies seek t-improve competitiveness, reduce costs, and enhance product quality.

Further several factors restraining the market growth include

• High Implementation Costs

The high implementation costs associated with smart manufacturing technologies pose a significant restraint on market growth. Implementing smart manufacturing solutions requires substantial investments in hardware, software, and infrastructure. This includes the purchase of advanced machinery, sensors, and other equipment, as well as the integration of complex software systems. Additionally, companies need t-invest in training their workforce t-operate and maintain these new technologies. These high upfront costs can be a major barrier for small and medium-sized enterprises (SMEs), which may have limited budgets and resources. Furthermore, the ongoing maintenance and upgrades of smart manufacturing systems can als-incur significant costs, further hindering their adoption.

Leveraging Artificial Intelligence (AI) for Predictive Analytics in Smart Manufacturing and collaborations and alliances in the Smart Manufacturing market are expected t-generate higher avenues during the forecast period.

In the wake of the COVID-19 pandemic, supply chain disruptions have led t-supply shortages or lower demand in the Smart Manufacturing market. The pandemic has caused a decline in new orders and a corresponding decrease in Technologyion.

This section will analyze how COVID-19 has impacted supply chains, leading t-shortages and lower demand for Smart Manufacturing.

In terms of COVID-19 impact, the Smart Manufacturing market report als-includes the following data points:

• Impact on Smart Manufacturing market size
• Operating Weights Trend, Preferences, and Budget Impact
• Regulatory Framework/Outdoor Policies
• Key Players' Strategy t-Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Smart Manufacturing market

Key Insight in the report:

The global Smart Manufacturing market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Technologys.

Our report covers extensive competitive intelligence which includes the following data points:

• Business Overview
• Business Segment Data
• Financial Data
• Technology Segment Analysis and Specification
• Recent Development and Company Strategy Analysis
• SWOT Analysis

Smart Manufacturing Market Segmentation:

• Component
• Hardware
• Software
• Services
• Technology
• Machine Execution Systems
• Programmable Logic Controller
• Enterprise Resource Planning
• SCADA
• Discrete Control Systems
• Human Machine Interface
• Machine Vision
• 3D Printing
• Product Lifecycle Management
• Other
• End-User
• Automotive
• Aerospace & Defense
• Chemicals & Materials
• Healthcare
• Industrial Equipment
• Electronics
• Food & Agriculture
• Oil & Gas
• Others

Region/ Countries Covered:

• North America
• US
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• BeNeLux
• Russia
• Rest of Europe
• Asia Pacific
• China
• Japan
• Australia
• India
• South Korea
• Thailand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East & Africa

Key Players Analyzed in the Report:

• ABB
• Siemens
• General Electric
• Rockwell Automation
• Schneider Electric
• Honeywell International Inc.
• Emerson Electric Co.
• Fanuc
• Yokogawa Electric Corporation
• 3D Systems Inc.

Contents

CHAPTER 1. EXECUTIVE SUMMARY

CHAPTER 2. SCOPE OF THE STUDY

2.1. Market Definition
2.2. Market Scope & Segmentation
  2.2.1. Objective of Report

CHAPTER 3. EVOLVE BI METHODOLOGY

3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast

CHAPTER 4. MARKET INSIGHTS AND TRENDS

4.1. Value Chain Analysis
  4.1.1. Technology Providers
  4.1.2. System Integrators
  4.1.3. End Users
4.2. Porter’s Five Forces Analysis
  4.2.1. Bargaining Power of Buyers
  4.2.2. Bargaining Power of Suppliers
  4.2.3. Threat of New Entrant
  4.2.4. Threat of Substitute
  4.2.5. Industry Rivalry

CHAPTER 5. MARKET DYNAMICS

5.1. Introduction
5.2. Drivers
  5.2.1. Technological Advancements
  5.2.2. Sustainability and Efficiency Requirements
5.3. Restraints
  5.3.1. High Implementation Costs
  5.3.2. Data Security and Privacy Concerns
5.4. Opportunity
  5.4.1. Leveraging Artificial Intelligence (AI) for Predictive Analytics in Smart Manufacturing
5.5. Macro-Economic Factor affecting smart manufacturing Market
  5.5.1. Economic Growth and Industrial Development
  5.5.2. Technological Advancements
  5.5.3. Government Policies and Regulations
  5.5.4. Supply Chain Disruptions and Globalization
  5.5.5. Cost Pressures and Competitive Intensity
  5.5.6. Sustainability and Environmental Awareness
  5.5.7. Access to Capital and Funding

CHAPTER 6. GLOBAL SMART MANUFACTURING MARKET, BY COMPONENT

6.1. Introduction
  6.1.1. Hardware
  6.1.2. Software
  6.1.3. Services

CHAPTER 7. GLOBAL SMART MANUFACTURING MARKET, BY TECHNOLOGY

7.1. Introduction
  7.1.1. Machine Execution Systems
  7.1.2. Programmable Logic Controller
  7.1.3. Enterprise Resource Planning
  7.1.4. SCADA
  7.1.5. Discrete Control Systems
  7.1.6. Human Machine Interface
  7.1.7. Machine Vision
  7.1.8. 3D Printing
  7.1.9. Product Lifecycle Management
  7.1.10. Others

CHAPTER 8. GLOBAL SMART MANUFACTURING MARKET, BY END USE

8.1. Introduction
  8.1.1. Automotive
  8.1.2. Aerospace & Defense
  8.1.3. Chemicals & Materials
  8.1.4. Healthcare
  8.1.5. Industrial Equipment
  8.1.6. Electronics
  8.1.7. Food & Agriculture
  8.1.8. Oil & Gas
  8.1.9. Others

CHAPTER 9. GLOBAL SMART MANUFACTURING MARKET, BY REGION

9.1. Introduction
9.2. North America
  9.2.1. North America: Market Size and Forecast, By Country, 2021 – 2034 ($ Billion)
  9.2.2. North America: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
  9.2.3. North America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
  9.2.4. North America: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.2.5. US
    9.2.5.1. US: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.2.5.2. US: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.2.5.3. US: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.2.6. Canada
    9.2.6.1. Canada: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.2.6.2. Canada: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.2.6.3. Canada: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.2.7. Mexico
    9.2.7.1. Mexico: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.2.7.2. Mexico: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.2.7.3. Mexico: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
9.3. Europe
  9.3.1. Europe: Market Size and Forecast, By Country, 2021 – 2034 ($ Billion)
  9.3.2. Europe: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
  9.3.3. Europe: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
  9.3.4. Europe: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.3.5. U.K.
    9.3.5.1. U.K.: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.3.5.2. U.K.: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.3.5.3. U.K.: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.3.6. Germany
    9.3.6.1. Germany: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.3.6.2. Germany: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.3.6.3. Germany: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.3.7. France
    9.3.7.1. France: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.3.7.2. France: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.3.7.3. France: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.3.8. Italy
    9.3.8.1. Italy: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.3.8.2. Italy: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.3.8.3. Italy: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.3.9. Spain
    9.3.9.1. Spain: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.3.9.2. Spain: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.3.9.3. Spain: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.3.10. BeNeLux
    9.3.10.1. BeNeLux: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.3.10.2. BeNeLux: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.3.10.3. BeNeLux: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.3.11. Russia
    9.3.11.1. Russia: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.3.11.2. Russia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.3.11.3. Russia: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.3.12. Rest of Europe
    9.3.12.1. Rest of Europe: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.3.12.2. Rest of Europe: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.3.12.3. Rest of Europe: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
9.4. Asia Pacific
  9.4.1. Asia Pacific: Market Size and Forecast, By Country, 2021 – 2034 ($ Billion)
  9.4.2. Asia Pacific: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
  9.4.3. Asia Pacific: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
  9.4.4. Asia Pacific: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.5. China
    9.4.5.1. China: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.5.2. China: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.5.3. China: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.6. Japan
    9.4.6.1. Japan: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.6.2. Japan: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.6.3. Japan: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.7. Australia
    9.4.7.1. Australia: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.7.2. Australia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.7.3. Australia: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.8. India
    9.4.8.1. India: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.8.2. India: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.8.3. India: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.9. South Korea
    9.4.9.1. South Korea: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.9.2. South Korea: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.9.3. South Korea: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.10. Indonesia
    9.4.10.1. Indonesia: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.10.2. Indonesia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.10.3. Indonesia: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.11. Malaysia
    9.4.11.1. Malaysia: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.11.2. Malaysia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.11.3. Malaysia: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.12. Thailand
    9.4.12.1. Thailand: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.12.2. Thailand: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.12.3. Thailand: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.13. Philippines
    9.4.13.1. Philippines: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.13.2. Philippines: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.13.3. Philippines: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.14. Singapore
    9.4.14.1. Singapore: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.14.2. Singapore: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.14.3. Singapore: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.4.15. Rest of Asia Pacific
    9.4.15.1. Rest of Asia Pacific: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.4.15.2. Rest of Asia Pacific: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.4.15.3. Rest of Asia Pacific: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
9.5. South America
  9.5.1. South America: Market Size and Forecast, By Country, 2021 – 2034 ($ Billion)
  9.5.2. South America: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
  9.5.3. South America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
  9.5.4. South America: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.5.5. Brazil
    9.5.5.1. Brazil: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.5.5.2. Brazil: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.5.5.3. Brazil: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.5.6. Argentina
    9.5.6.1. Argentina: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.5.6.2. Argentina: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.5.6.3. Argentina: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.5.7. Rest of South America
    9.5.7.1. Rest of South America: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.5.7.2. Rest of South America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.5.7.3. Rest of South America: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
9.6. Middle East & Africa
  9.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2021 – 2034 ($ Billion)
  9.6.2. Middle East & Africa: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
  9.6.3. Middle East & Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
  9.6.4. Middle East & Africa: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.6.5. Saudi Arabia
    9.6.5.1. Saudi Arabia: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.6.5.2. Saudi Arabia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.6.5.3. Saudi Arabia: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.6.6. UAE
    9.6.6.1. UAE: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.6.6.2. UAE: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.6.6.3. UAE: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.6.7. Egypt
    9.6.7.1. Egypt: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.6.7.2. Egypt: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.6.7.3. Egypt: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.6.8. South Africa
    9.6.8.1. South Africa: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.6.8.2. South Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.6.8.3. South Africa: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)
  9.6.9. Rest of Middle East & Africa
    9.6.9.1. Rest of Middle East & Africa: Market Size and Forecast, By Component, 2021 – 2034 ($ Billion)
    9.6.9.2. Rest of Middle East & Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Billion)
    9.6.9.3. Rest of Middle East & Africa: Market Size and Forecast, By End Use, 2021 – 2034 ($ Billion)

CHAPTER 10. COMPETITIVE LANDSCAPE

10.1. Competitior Benchmarking 2025
10.2. Market Share Analysis, 2023
10.3. Key Developments Analysis By Top 5 Companies
10.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players

CHAPTER 11. COMPANY PROFILES

11.1. ABB Ltd
  11.1.1. Business Overview
  11.1.2. Financial Analysis
    11.1.2.1. Business Segment Revenue, 2023
    11.1.2.2. Geographic Revenue Mix, 2023
  11.1.3. Product Portfolio
  11.1.4. Recent Development and Strategies Adopted
  11.1.5. SWOT Analysis
11.2. Siemens
  11.2.1. Business Overview
  11.2.2. Financial Analysis
    11.2.2.1. Business Segment Revenue, 2024
    11.2.2.2. Geographic Revenue Mix, 2024
  11.2.3. Product Portfolio
  11.2.4. Recent Development and Strategies Adopted
11.3. General Electric
  11.3.1. Business Overview
  11.3.2. Financial Analysis
    11.3.2.1. Business Segment Revenue, 2023
    11.3.2.2. Geographic Revenue Mix, 2023
  11.3.3. Product Portfolio
  11.3.4. Recent Development and Strategies Adopted
  11.3.5. SWOT Analysis
11.4. Rockwell Automation Inc.
  11.4.1. Business Overview
  11.4.2. Financial Analysis
    11.4.2.1. Business Segment Revenue, 2023
    11.4.2.2. Geographic Revenue Mix, 2023
  11.4.3. Product Portfolio
  11.4.4. Recent Development and Strategies Adopted
  11.4.5. SWOT Analysis
11.5. Schneider Electric
  11.5.1. Business Overview
  11.5.2. Financial Analysis
    11.5.2.1. Business Segment Revenue, 2023
    11.5.2.2. Geographic Revenue Mix, 2023
  11.5.3. Product Portfolio
  11.5.4. Recent Development and Strategies Adopted
  11.5.5. SWOT Analysis
11.6. Honeywell International Inc.
  11.6.1. Business Overview
  11.6.2. Financial Analysis
    11.6.2.1. Business Segment Revenue, 2023
    11.6.2.2. Geographic Revenue Mix, 2023
  11.6.3. Product Portfolio
  11.6.4. Recent Development and Strategies Adopted
11.7. Emerson Electric Co.
  11.7.1. Business Overview
  11.7.2. Financial Analysis
    11.7.2.1. Business Segment Revenue, 2023
    11.7.2.2. Geographic Revenue Mix, 2023
  11.7.3. Product Portfolio
  11.7.4. SWOT Analysis
11.8. FANUC CORPORATION
  11.8.1. Business Overview
  11.8.2. Financial Analysis
    11.8.2.1. Business Segment Revenue, 2023
    11.8.2.2. Geographic Revenue Mix, 2023
  11.8.3. Product Portfolio
  11.8.4. Recent Development and Strategies Adopted
11.9. Yokogawa Electric Corporation
  11.9.1. Business Overview
  11.9.2. Financial Analysis
    11.9.2.1. Business Segment Revenue, 2023
    11.9.2.2. Geographic Revenue Mix, 2023
  11.9.3. Product Portfolio
  11.9.4. Recent Development and Strategies Adopted
  11.9.5. SWOT Analysis
11.10. 3D Systems Inc
  11.10.1. Business Overview
  11.10.2. Financial Analysis
    11.10.2.1. Business Segment Revenue, 2023
    11.10.2.2. Geographic Revenue Mix, 2023
  11.10.3. Product Portfolio