Categories
World

Global Smart Manufacturing Platform Market to be Driven by Industrial Automation in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Smart Manufacturing Platform Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global smart manufacturing platform market, assessing the market based on its segments like information technology, enabling technology, industry, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents- https://www.expertmarketresearch.com/reports/smart-manufacturing-platform-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 4.6 Billion
  • Forecast CAGR (2021-2026): 20%
  • Forecast Market Size (2026): USD 13.7 Billion

Since the past couple of years, the increased inclination towards the industrial automation and investment and development of industrial IoT has propelled the smart manufacturing platform market. In the coming years, automotive industry is likely to be a major implementer of smart factories to gain benefits, like improved efficiency, faster decisions and response times, new productivity gains, and more cost savings.  In the next few years, around 44% of facilities in automotive industry are likely to get converted into smart factories. Also, the constant support from governments of several countries for industrial automation is likely to up thrust the smart manufacturing platform market during the forecast period.

Industry Definition and Major Segments

Smart manufacturing is an integrated platform that employs computer controls and high levels of adaptability. It brings together all the domains required to design/engineer, manufacture, and deliver the smart products.  It unites PCB design, factory floor optimization, and also incorporates customer feedback in new designs. Though, smart manufacturing requires certain changes, but it helps in building and developing the current capabilities possessed by the manufactures.

Based on the information technology type, the global smart manufacturing platform market has been segmented into the following categories:

  • Human Machine Interface
  • Enterprise Manufacturing Intelligence
  • Plant Asset Management
  • Manufacturing Execution System
  • Industrial Communications
  • Warehouse Management System

The market has also been segmented in accordance with the enabling technology:

  • Industrial 3D Printing
  • Collaborative Robots
  • Industrial IoT
  • AI in Manufacturing
  • Machine Condition Monitoring
  • Industrial Machine Vision
  • Industrial Cybersecurity
  • Digital Twin
  • Automated Guided Vehicle
  • Blockchain In Manufacturing
  • AR and VR In Manufacturing

Considering the end-use industries, the market has been segmented as:

  • Process Industry
  1. Oil and Gas
  2. Food and Beverages
  3. Pharmaceuticals
  4. Chemicals
  5. Energy and Power
  6. Metals and Mining
  7. Pulp and Paper
  8. Others
  • Discrete Industry
  1. Automotive
  2. Aerospace and Defence
  3. Semiconductor and Electronics
  4. Medical Devices
  5. Machine Manufacturing
  6. Others

On the basis of region, the market is classified into:

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

Market Trends

The COVID-19 pandemic brought several repercussions for various industries all across the globe. However, the pandemic has not only accelerated the adoption of smart manufacturing (Industry 4.0 products and services) but also brought a realization that digital workflows and automation are a key requirement in today’s time.  Industrial IoT (IIoT), big data analytics software, smart factory technology, and accessing of production data remotely are some of the key trends shaping smart manufacturing in the coming years. The need for manufacturing products and services as per market demand, use of technologies like cobots, exoskeletons, and artificial intelligence, paperless operations, etc. are likely to accelerate the implementation of smart manufacturing in future.

Read Full Report with Table of Contents- https://www.expertmarketresearch.com/reports/smart-manufacturing-platform-market

Key Market Players

The major players in the market are Stratatys Ltd., 3d Systems, Inc., Daifuku Co., Ltd, Cisco Systems, Inc., Honeywell International Inc., Rockwell Automation, Inc., and Siemens AG. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Read more reports:

Global Solvent Market: https://www.expertmarketresearch.com/reports/solvent-market

Global Cancer Screening Market: https://www.expertmarketresearch.com/reports/cancer-screening-market

Brazil Waterproofing Market: https://www.expertmarketresearch.com/reports/brazil-waterproofing-market

Global Cryocooler Market: https://www.expertmarketresearch.com/reports/cryocooler-market

Mexico Flat Glass Market: https://www.expertmarketresearch.com/reports/mexico-flat-glass-market

Latin America Avocado Oil Market: https://www.expertmarketresearch.com/reports/latin-america-avocado-oil-market

Global Air Purifier Market: https://www.expertmarketresearch.com/reports/air-purifier-market

Global Molybdenum Market: https://www.expertmarketresearch.com/reports/molybdenum-market

Global Railroads Market: https://www.expertmarketresearch.com/reports/railroads-market

Global Swimming Pool Construction Market: https://www.expertmarketresearch.com/reports/swimming-pool-construction-market

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person:-Sofia Williams, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

https://bisouv.com/

By Expert Market Research

The new report by Expert Market Research titled, ‘Global Advanced Driver Assistance Systems (ADAS) Market Report and Forecast 2020-2025’, gives an in-depth analysis of the global advanced driver assistance systems (ADAS) market, assessing the market based on its segments like offerings, sensor types, system types, levels of autonomy, distribution channels, vehicle types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.