Smart Manufacturing Market size is set to grow by USD 20.26 billion from 2023-2027, need for simplification of complex manufacturing activities boost the market, Technavio

Key Facts

• Technavio has announced its latest market research report titled Global Smart Manufacturing Market 2023-2027 For more insights on the historic (2017 - 2021) and forecast market size- Request a sample report Smart Manufacturing Market Scope Report Coverage Details Base year 2022 Historic period 2017 - 2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 13.95% Market growth 2023-2027 USD 20265.52 million Market structure Fragmented YoY growth 2022-2023 (%) 12.87 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 38% Key countries US, China, Japan, UK, and Germany Key companies profiled ABB Ltd., Cisco Systems Inc., Dassault Systemes SE, Emerson Electric Co., FANUC Corp., General Electric Co., Hewlett Packard Enterprise Co., Honeywell International Inc., International Business Machines Corp., Microsoft Corp., Mitsubishi Electric Corp., Oracle Corp., PTC Inc., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, Texas Instruments Inc., and Yokogawa Electric Corp. Segment Overview This smart manufacturing market report extensively covers market segmentation by Industry Application (Process, Discrete) Technology (Human-machine interface, Manufacturing execution system, Plant asset management, Warehouse management system) Geography (APAC, North America, Europe, South America, Middle East and Africa) Market segmentation by Industry Application In the smart manufacturing market, Modeling, Sensing, Control, and Simulation technologies are driving innovation.
• Geography Overview The smart manufacturing market in APAC is experiencing significant growth, driven by automation, digital transformation, and Industry 4.0 technologies such as IoT and cloud computing.
• Insights on the market contribution of various segments including country and region wise, historic (2017 - 2021) and forecast market size- Download a Sample Report * The IIoT and technological advancements have driven the adoption of smart manufacturing, characterized by automation, digital transformation, and remote control of machines in sectors like automotive, aerospace, pharmaceuticals, and electronics.
• This market encompasses the integration of automation, digital transformation, and advanced technologies such as Industrial 3D printing, Predictive maintenance, and Industrial sensors in the Automotive sector, Aerospace industry, Pharmaceuticals sector, and Electronics sector.

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