The “Smart Manufacturing Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Smart Manufacturing Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Smart Manufacturing market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.
Top Manufacturers of Smart Manufacturing Market Are:
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Scope of the Report:
Smart Manufacturing Market Report Answers the Following Questions:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the global Smart Manufacturing market?
- What are the key market trends impacting the growth of the global Smart Manufacturing market?
- What are the challenges to market growth?
- Who are the key vendors in the global Smart Manufacturing market?
- What are the market opportunities and threats faced by the vendors in the global Smart Manufacturing market?
- Trending factors influencing the market shares of the relevant regions.
- What are the key outcomes of the five forces analysis of the global Smart Manufacturing market?
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Key Market Trends:
Aerospace and Defence Expected to Register Significant Growth
According to a survey conducted by Capgemini, as of March 2017, 62% of aerospace and defense companies had a smart manufacturing initiative. The survey indicated the dominance of the aerospace and defense sector over the automotive, energy, and utility industries.
The aerospace and defense manufacturers need to organize and manage the expensive assets and operations that involve complex processes. The manufacturers often use various systems to manage these processes, but the real-time visibility of the operations is very low. The lack of real-time visibility makes the optimizing processes and the need to reduce costs serious challenges for the aerospace and defense manufacturers.
Every phase in the assembly process provides an opportunity to add value or reduce risk. Smart factory identifies the assets and connects this information, accurately, with data from the existing plant systems and devices. Hence, this real-time data helps in recognizing any flaw in the aerospace assembly operation. Smart factory enhances the quality control procedures and provides various insights to improve aerospace production operation.
United States to Witness Significant Growth
The United States is on the verge of the fourth industrial revolution, where data is being used on a large scale for production while integrating the data with a wide variety of manufacturing systems throughout the supply chain.
The United States is also one of the largest automotive markets in the world and is home to over 13 major auto manufacturers. Automotive manufacturing has been one of the largest revenue generators for the country in the manufacturing sector. The formation of the Advanced Manufacturing Partnership (AMP) is an initiative undertaken to make the industry, universities, and the federal government invest in emerging technologies.
This has aided the country to substantially gain a competitive edge in the global economy. The National Network for Manufacturing Innovation (NNMI) consists of developing regional hubs, which will be involved in developing and adopting cutting-edge manufacturing technologies for making innovative products, to be implemented in the manufacturing sector. The development of the next-generation, energy-efficient, high-power electronic chips and devices (by making wide-bandgap semiconductor technologies, which are expected to be cost-competitive with current silicon-based power electronics during the forecast period) is expected to aid in fostering the growth of the market.
Market Dynamics: –
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
The report provides key statistics on the market status of the Smart Manufacturing Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Smart Manufacturing .
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- Analyzing the size of the Smart Manufacturing market on the basis of value and volume.
- Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Smart Manufacturing market.
- Determining the key dynamics of the Smart Manufacturing market.
- Highlighting significant trends of the Smart Manufacturing market in terms of manufacture, revenue, and sales.
- Deeply summarizing top players of the Smart Manufacturing market and showing how they compete in the industry.
- Studying industry processes and costs, product pricing, and various trends related to them.
- Displaying the performance of different regions and countries in the global Smart Manufacturing market.
Detailed TOC of Smart Manufacturing Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Demand for Automation to Achieve Efficiency and Quality
4.3.2 Need for Compliance and Government Support for Digitization
4.3.3 Proliferation of Internet of Things
4.4 Market Restraints
4.4.1 Concerns Regarding Data Security
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Distributed Control System
5.1.2 Enterprise Resource and Planning
5.1.3 Smart Manufacturing
5.1.4 Manufacturing Execution System
5.1.5 Programmable Logic Controller
5.1.6 Supervisory Controller and Data Acquisition
5.1.7 Other Technologies
5.2 By Component
5.2.1 Communication Segment
5.2.2 Control Device
5.2.3 Machine Vision Systems
5.2.6 Other Components
5.3 By End-user Industry
5.3.1 Aerospace and Defense
5.3.3 Chemical and Petrochemical
5.3.4 Food and Beverage
5.3.6 Oil and Gas
5.3.9 Other End-user Industries
5.4.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
5.4.4 Latin America
220.127.116.11 Rest of Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 General Electric Co.
6.1.2 Honeywell International Inc.
6.1.3 Texas Instruments Incorporated
6.1.4 Mitsubishi Electric Corporation
6.1.5 Robert Bosch GmbH
6.1.6 Emerson Electric Company
6.1.7 Fanuc Corp.
6.1.8 Rockwell Automation Inc.
6.1.9 Schneider Electric SE
6.1.10 Siemens Corporation
6.1.11 Texas Instruments
6.1.12 Yokogawa Electric Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
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