Smart Manufacturing Market Is Expected To Raise Due To Growing Demand For Growing Demand For Knowledge-Based Manufacturing And Connected Supply Chains Till 2025: Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to report published by Grand View Research,The global smart manufacturing market size was valued at USD 172.34 billion in 2016 and Government initiatives and investments to promote smart manufacturing adoption has been one of the most influential factors driving market growth.

The global smart manufacturing market size is estimated to reach USD 395.2 billion by 2025, according to a new study by Grand View Research, Inc. The growing emphasis on increasing production efficiency and gaining visibility across the entire value chain are the two major factors driving market growth. In addition, the availability of advanced technologies such as 3D printing, Manufacturing Execution Systems (MES), and plant asset management solutions to small and medium enterprises is further accelerating the industry growth.

The positive impact of government initiatives and investments to promote smart manufacturing adoption has been one of the most influential factors driving market growth. The fact that both industrialized countries and developing economies are aggressively pursuing this avenue is expected to further drive growth. For example, China is reportedly investing over USD 3 billion for advanced manufacturing under the Made in China 2025 program.

Automotive and aerospace & defense industries are the leading growth avenues for smart manufacturing solution providers with industries such as oil and gas and industrial equipment manufacturing rapidly scaling their digitalization efforts. With the proliferation of 3D printing, simulation, and modeling in manufacturing and design, these industries are expected to continue to maintain a significant growth rate over the forecast period. Though numerous solutions are available in the market, digital twin and real-time analytics are anticipated to spearhead the penetration of digitalization in these industries.

Full Research Report on Smart Manufacturing Market Analysis: 
http://www.grandviewresearch.com/industry-analysis/smart-manufacturing-market

North America smart manufacturing market, by end use, 2014 – 2025 (USD Billion)

 

North America smart manufacturing market, by end use, 2014 - 2025 (USD Billion)

Further key findings from the study suggest:

  • Enterprise control, asset performance management, and augmentation are expected to lead the smart manufacturing solutions landscapes with many instances of these technologies overlapping with each other.
  • Collaborative robots and additive manufacturing are also playing a pivotal role in the industry’s growth. However, some manufacturing sectors are still looking for efficient ways to capitalize on them.

  • While Industrial Internet of Things and control systems have been highly touted for their benefits, cybersecurity and security standards are expected to gain renewed interest in the industry.

  • Major companies such as John Deere, Harley Davidson, and General Motors have successfully implemented smart manufacturing in a bid to achieve greater efficiency and effectiveness Smart manufacturing is supported by various organizations and consortiums including Industrial Internet Consortium (IIC), Smart Manufacturing Leadership Coalition (SMLC), Industrie 4.0, and MESA International, among others.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

China smart manufacturing market, by component, 2016 (USD Billion)

 

China smart manufacturing market, by component, 2016 (USD Billion)

Grand View Research has segmented the global smart manufacturing market based on components, technologies, end uses, and regions.

Smart Manufacturing Component Scope (Revenue, USD Billion;2014 – 2025)

  • Hardware

  • Software

  • Services

Smart Manufacturing Technology Scope (Revenue, USD Billion;2014 – 2025)

  • Machine Execution Systems

  • Programmable Logic Controller

  • Enterprise Resource Planning

  • SCADA

  • Discrete Control Systems

  • Human Machine Interface

  • Machine Vision

  • 3D Printing

  • Product Lifecycle Management

  • Plant Asset Management

Smart Manufacturing End-use Scope (Revenue, USD Billion;2014 – 2025)

  • Automotive

  • Aerospace & Defense

  • Chemicals & Materials

  • Healthcare

  • Industrial Equipment

  • Electronics

  • Food & Agriculture

  • Oil & Gas

  • Others

Smart Manufacturing Regional Scope (Revenue, USD Billion;2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA

Access Full Press Of This Report By Grand View Research: https://www.grandviewresearch.com/press-release/global-smart-manufacturing-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

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