Smart Manufacturing Market

Smart Manufacturing Market by Enabling Technology (Condition Monitoring, Artificial Intelligence, IIoT, Digital Twin, Industrial 3D Printing), Information Technology (WMS, MES, PAM, HMI), Industry, and Region - Global Forecast to 2025

Report Code: SE 6677 Jan, 2020, by marketsandmarkets.com

Smart Manufacturing Market

Smart Manufacturing Market and Top Companies


Emerson Electric

Emerson Electric Co. manufactures and develops process controls, systems, valves, and analytical instruments. The company offers industrial, commercial, automation, and residential solutions worldwide. It operates through 2 business segments—Automation Solutions and Commercial & Residential Solutions. The company has 220 manufacturing locations in 150 countries, primarily in Europe and Asia. Emerson Electric provides PAM solutions under its Automation Solutions segment. It serves industries such as petroleum, chemicals, food & beverages, pulp & paper, pharmaceuticals, and water & wastewater treatment. The company’s automation technologies help several organizations to improve their plant performance at a reduced cost; for example, the Plantweb Optics solution offered by the company delivers higher-level collaboration, better insights, and priority decision-making, thereby enabling substantial savings due to reduced maintenance costs.

ABB Ltd.

The ABB Group was founded in 1988 after the merger of Asea AB (Sweden) and BBC Brown Boveri AG (Switzerland). It operates mainly in areas such as roboticspower, heavy electrical equipment, and automation technology. The company has a presence in Europe, the Americas, Asia, Africa, and the Middle East. ABB mainly operates through 3 business segments—Electrification Products, Robotics and Motion, and Industrial Automation. In 2018, the company sold its Power Grids business to Hitachi (Japan) to focus more on its core businesses such as industrial automation. The Power Grids business is expected to be divested to Hitachi by 2020. Under its Industrial Automation business division, the company offers various plant asset management (PAM )solutions, including System 800xA Asset Management, Asset Master, and AssetVista, for various key industries, such as oil & gas, mining, pulp & paper, chemicals, and water & wastewater. To ensure the growth of its PAM business, the company has leveraged its unique installed base of automation products.

Rockwell Automation

Rockwell Automation, Inc. is one of the world’s largest companies providing industrial automation power, control, and information solutions. The company operates through 2 major business segments, namely, Architecture & Software and Control Products & Solutions. The Architecture & Software segment includes hardware, software, and communication components of the company's integrated control and information architecture capable of controlling customers’ industrial processes and connecting with their manufacturing enterprises. The Control Products & Solutions segment includes motor control products and industrial control products, as well as services such as asset management, technical support and repair, and predictive and preventative maintenance. Rockwell Automation offers PAM solutions and services for production and automation assets under its Control Products & Solutions business segment. PAM solutions offered by the company provide benefits such as reduced unplanned downtime, increased equipment output, and improved manufacturing flexibility.

Honeywell

Honeywell International, Inc. is a diversified technology and manufacturing company, serving customers all over the world. Founded in 1906 and headquartered in New Jersey, US, the company operates through 4 business segments—Aerospace, Performance Materials and Technologies, Honeywell Building Technologies, and Safety and Productivity Solutions. Honeywell International, Inc. offers PAM solutions under its business segment Safety and Productivity Solutions. The company also offers process-centric PAM solutions that help users in decision-making, increasing operational performance and decreasing unplanned downtime. Its asset management solutions cover all the elements of condition monitoring, reliability, and maintenance management.

Siemens

Siemens is an electronics & electrical engineering company that operates in the fields of electrification, automation, and digitalization. It operates through Digital Industries, Smart Infrastructure, Gas and Power, Mobility, Siemens Healthineers, and Siemens Gamesa Renewable Energy segments. Siemens provides automation systems, identification systems, industrial communication systems, industrial controls, industry services, manufacturing execution systems (MES), operator controls and monitoring systems, PC-based automation solutions, power supplies, PLM software, process analytics, and process control systems for industrial automation.


Smart Manufacturing Market and Top information technology


Industrial Communication

Industrial communication is a combination of components, software, and standard protocols that allows man-to-machine and machine-to-machine communication across various industries. Efficient, reliable, and secure industrial communications help in improving operational efficiency and reducing the overall operational cost of organizations. Industrial communication plays a significant role in industries such as oil & gas, electronics, automotive, and energy & power.

Manufacturing Execution System

Manufacturing execution system (MES) is a computerized control system that integrates with enterprise resource planning (ERP) solutions to manage and monitor work in a manufacturing firm. It can process several tasks by controlling the number of production processes. It helps to maintain all the data related to manufacturing, such as raw materials converted into finished goods and related documentation, and data from robots and employees. MES solutions help in improving productivity as well as reduce production cycle time required for an order to be completed. MES helps to maintain the updated data pertaining to the product life cycle, product quality, order execution and dispatch, resource scheduling, downtime management for overall equipment effectiveness (OEE), and production analysis.

Plant Asset Management

PAM is a software system that leverages the intelligence ingrained in the assets and uses different measurement technologies to protect and predict the health of the assets. It provides valuable information about the condition of the asset over the entire life cycle. This information is used for optimizing plant operations and maintenance, increasing production capacity, and implementing predictive maintenance and operational strategies. PAM is the source of information that helps different business solutions such as enterprise asset management (EAM) and computerized maintenance management system (CMMS) to operate smoothly

Human Machine Interface

HMI enables operators and line supervisors to coordinate and control manufacturing processes in plants. It acts as an interface between the user and the machine. HMI is also known as MMI. The interface comprises hardware and software that assist operators in converting complex process variables into actionable and usable information. It reduces human involvement in the manufacturing process, which increases the productivity and safety of operators. HMI software gathers data from other integrated systems, processes data, and provides a visual representation to an operator. HMI offers various advantages such as error reduction, enhanced efficiency, and improved reliability; thus encouraging adoption among different end-user industries.

Enterprise manufacturing intelligence

Enterprise manufacturing intelligence, is a term used to describe software used for the collection of manufacturing-related data from various sources across departments in a corporation. This software interprets/analyses manufacturing-related data from various sources, which is utilized for reporting, decision making and visualization, and to pass this intelligent data between plant floor systems and enterprise level. This data is deployed for increased productivity and improved efficiency in manufacturing processes, which would lead to significant monetary and productivity gains at the enterprise level.


Smart Manufacturing Market and Top Enabling Technologies


IIoT

IIoT can be defined as an environment in which complex industrial systems are networked together in such a way that their data are transmitted over the Internet for remote monitoring and performance analysis. In this research study, the IIoT market has been analyzed for the following verticals—manufacturing, energy & power, oil & gas, metals & mining, transportation, healthcare, retail, transportation, and agriculture. Sensors and networking technologies are the key IIoT enablers in each of these verticals.

Industrial Machine Vision

Industrial machine vision is a combination of mechanical, optical, electronic, and software systems used to detect defects in objects, surfaces, materials, and manufacturing processes; it helps improving quality and operational efficiency in industries such as automotive, electronics and semiconductor, consumer electronics, glass, metals, wood and paper, and pharmaceuticals. This technology is used to automate production processes, increase production speed, and improve product quality. It mainly replaces manual inspections and measurements with digital cameras and advanced image processing techniques.

Industrial Cybersecurity

Industrial cybersecurity refers to the safety and security of industrial control systems, automation processes, plant operations, and critical infrastructure against cyber intrusions. Industrial control systems such as programmable logic controllers (PLCs), distributed control systems (DCS), and supervisory control and data acquisition (SCADA) systems are primarily prone to cyberattacks. To safeguard these systems from cyberattacks, various technologies such as distributed denial of service (DDoS) protection solution, intrusion detection and prevention systems, antivirus, and products such as gateway and networking devices are used for uninterrupted productivity of utilities, grids, transportation systems, and the manufacturing sector.

Machine condition Monitoring

Machine condition monitoring is the process of determining the operational state and condition of a machine for detecting potential breakdowns with the help of automation. The process comprises periodical or continuous data collection, analyses, interpretation, and diagnoses. This approach is different from traditional methods wherein processes are manual.

Machine condition monitoring optimizes equipment readiness and reduces maintenance and staffing requirements. It is used to prevent unscheduled outages, reduce downtime and maintenance costs, and optimize machine performance. This technique is primarily classified as preventive machine monitoring and predictive machine monitoring.

Digital Twin

Digital twin technology creates virtual models of a physical asset, process, or system. Digital twins use data obtained from sensors and algorithms for making reasonable projections about future processes. Digital twin can reduce operating costs and help extend the life of equipment and assets. With the growing adoption of IoT, the concept of digital twinning is becoming prominent in the market. Product design and development, machine and equipment health monitoring, predictive maintenance, and dynamic optimization are the 4 prominent application areas of digital twins.

[253 pages report]The smart manufacturing market is estimated to grow from USD 214.7 billion in 2020 to USD 384.8 billion by 2025, growing at a CAGR of 12.4% from 2020 to 2025. Factors that drive the growth of the market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, the growing emphasis on regulatory compliances, increasing complexities in supply chains, and the surging demand for software systems that reduce time and cost.

Smart Manufacturing Market

Market for IIoT to hold major share of smart manufacturing market in 2025

IIoT is expected to hold the largest share of the market, by enabling technology, in 2025. Various technologies are using IIoT to improve the functioning of the processes. These devices & technologies comprise sensors, RFID, industrial robotics, distributed control systems, condition monitoring, smart meter, electronic shelf label, cameras, smart beacon, interface board, yield monitor, guidance and steering, GPS/GNSS, flow and application control devices, and networking technology. The use of IIoT in these devices & technologies helps in analyzing the data collected via various devices and enables effective decision making.

Industrial communication to continue to hold largest share of smart manufacturing market during forecast period

Industrial communication technology is expected to continue to hold the largest share of the market, by information technology, during the forecast period. Industrial communication is a combination of components, software, and standard protocols that allows man-to-machine and machine-to-machine communication across various industries. Efficient, reliable, and secure industrial communications help in improving operational efficiency and reducing the overall operational costs of organizations. Industrial communication plays a significant role in industries such as oil & gas, electronics, automotive, and energy & power.

Pharmaceuticals industry to exhibit high growth in smart manufacturing market during forecast period

The market for the pharmaceuticals industry is expected to grow at the highest CAGR among process industries from 2020 to 2025. As pharmaceuticals manufacturing is a complex process, it requires proper end-to-end monitoring to achieve operational efficiency. Manufacturers face problems such as growing cost pressures, regulatory and safety guidelines, and increasing demand for diverse product portfolios. Technologies such as MES, EMI, and HMI help manufacturers standardize their workflow and minimize lead times by eliminating the time required for approval from various bodies such as FDA.

Aerospace & defense industry to exhibit high growth in smart manufacturing market during forecast period

The market for the aerospace and defense industry is expected to grow at the highest CAGR among discrete industries from 2020 to 2025. The aerospace & defense industry has to tackle unplanned downtime that might have a significant impact on its operations. To this end, manufacturers are increasingly spending on smart manufacturing solutions to enable real-time monitoring of assets. Manufacturers mainly emphasize on controlling component supplies, improving product quality, shortening the production cycle, and employing efficient manufacturing processes.

Smart Manufacturing Market

Smart manufacturing market in APAC to grow at highest CAGR during forecast period

The smart manufacturing market in APAC is expected to grow at the highest CAGR globally from 2020 to 2025. The economy in the APAC region is the world’s one of the fastest evolving due to increased spending on improving performance, security, and economic stability. The region is witnessing a surge in the deployment of smart manufacturing technologies. China, being one of the top manufacturing countries, has been adopting enabling technologies to increase operational efficiency and production in the country. Due to increasing maintenance costs in manufacturing, manufacturing, and energy & utilities industries have been genuinely considering the adoption of advanced technologies, such as predictive maintenance, to optimize maintenance processes and reduce operational costs.

 

Key Market Players

As of 2020, Emerson Electric (US), ABB (Switzerland), and Rockwell (US) are a few of the dominant players in the smart manufacturing market.

Emerson Electric

Emerson Electric Co. manufactures and develops process controls, systems, valves, and analytical instruments. The company offers industrial, commercial, automation, and residential solutions worldwide. It operates through 2 business segments—Automation Solutions and Commercial & Residential Solutions. It serves industries such as petroleum, chemicals, food & beverages, pulp & paper, pharmaceuticals, and water & wastewater treatment. The company’s automation technologies help several organizations to improve their plant performance at a reduced cost. The company has 220 manufacturing locations in 150 countries, primarily in Europe and Asia. Emerson Electric provides PAM solutions under its Automation Solutions segment.

ABB LTD.

ABB operates mainly in areas such as roboticspower, heavy electrical equipment, and automation technology. The company has a presence in Europe, the Americas, Asia, Africa, and the Middle East. ABB mainly operates through 3 business segments—Electrification Products, Robotics and Motion, and Industrial Automation. In 2018, the company sold its Power Grids business to Hitachi (Japan) to focus more on its core businesses such as industrial automation. The Power Grids business is expected to be divested to Hitachi by 2020. Under its Industrial Automation business division, the company offers various Plant asset management (PAM )solutions, including System 800xA Asset Management, Asset Master, and AssetVista, for various key industries, such as oil & gas, mining, pulp & paper, chemicals, and water & wastewater. To ensure the growth of its PAM business, the company has leveraged its unique installed base of automation products.

Rockwell Automation:

Rockwell Automation, Inc. is one of the world’s largest companies providing industrial automation power, control, and information solutions. The company operates through 2 major business segments, namely, Architecture & Software and Control Products & Solutions. The Architecture & Software segment includes hardware, software, and communication components of the company's integrated control and information architecture capable of controlling customers’ industrial processes and connecting with their manufacturing enterprise. The Control Products & Solutions segment includes motor control products and industrial control products, as well as services such as asset management, technical support and repair, and predictive and preventative maintenance. Rockwell Automation offers PAM solutions and services for production and automation assets under its Control Products & Solutions business segment. PAM solutions offered by the company provide benefits such as reduced unplanned downtime, increased equipment output, and improved manufacturing flexibility.

Report Scope:

Report Metric

Details

Years considered

2017–2025

Base year

2019

Forecast period

2020–2025

Forecast units

Value (USD) in Million/ Billion

Segments covered

Information Technology, Enabling Technology, and Industry

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), IBM (US), General Electric (US), Siemens (Germany), Etc.

In this report, the overall smart manufacturing market is segmented based on information technology, enabling technology, and industry.

By Information Technology:

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

By Enabling Technology:

  • Industrial 3D printing
  • Collaborative robot
  • IIOT
  • AI in manufacturing
  • Machine condition monitoring
  • Industrial machine vision
  • Industrial cybersecurity
  • Digital twin
  • Automated guided vehicle
  • Blockchain in manufacturing
  • AR and VR in manufacturing

By Industry

  • Process Industry
    • Oil & Gas
    • Food & Beverages
    • Pharmaceuticals
    • Chemicals
    • Energy & Power
    • Metals & Mining
    • Pulp & Paper
    • Others
  • Discrete Industry
    • Automotive
    • Aerospace & Defense
    • Semiconductor & electronics
    • Medical Devices
    • Machine Manufacturing
    • Others

Geographic Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East
    •  Africa

Critical Questions:

  • Will suppliers continue to explore new avenues for smart manufacturing technologies?
  • Who are the top 5 players in the smart manufacturing market?
  • What would be the growth opportunities for manufacturers in various industries?
  • What are the key industry trends in the market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

 

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 SMART MANUFACTURING MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 2 SMART MANUFACTURING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primary interviews
                    2.1.2.2 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market size by bottom-up analysis (demand side)
                            FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size by top-down analysis (supply side)
                            FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 6 ASSUMPTION OF RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 43)
  FIGURE 7 SMART MANUFACTURING MARKET FOR ENTERPRISE MANUFACTURING INTELLIGENCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  FIGURE 8 IIOT TO HOLD LARGEST SIZE OF SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY IN 2025
  FIGURE 9 SMART MANUFACTURING MARKET FOR PHARMACEUTICALS INDUSTRY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  FIGURE 10 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF SMART MANUFACTURING MARKET IN 2025
  FIGURE 11 SMART MANUFACTURING MARKET, BY REGION (2020)

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN SMART MANUFACTURING MARKET
        FIGURE 12 INDUSTRY 4.0 AND INCREASING USE OF INDUSTRIAL AUTOMATION IN MANUFACTURING BOOST ADOPTION OF SMART MANUFACTURING SOLUTIONS
    4.2 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
        FIGURE 13 SMART MANUFACTURING MARKET FOR AI IN MANUFACTURING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY
        FIGURE 14 PHARMACEUTICALS INDUSTRY TO HOLD LARGEST SIZE OF SMART MANUFACTURING MARKET IN 2025
    4.4 SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY
        FIGURE 15 AUTOMOTIVE INDUSTRY TO DOMINATE SMART MANUFACTURING MARKET IN 2025
    4.5 SMART MANUFACTURING MARKET, BY GEOGRAPHY
        FIGURE 16 APAC TO HOLD LARGEST SIZE OF SMART MANUFACTURING MARKET IN 2025

5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing adoption of Industry 4.0
                    5.2.1.2 Rising emphasis on industrial automation in manufacturing processes
                    5.2.1.3 Increasing government involvement in supporting industrial automation
                    5.2.1.4 Growing emphasis on regulatory compliances
                    5.2.1.5 Increasing complexities in supply chains
                    5.2.1.6 Surging demand for software systems that reduce time and cost
           5.2.2 RESTRAINTS
                    5.2.2.1 High investments and costs involved in implementing smart manufacturing solutions
                    5.2.2.2 Lack of standardization among equipment manufacturers and in connectivity protocols
                    5.2.2.3 Constant need for software upgrades
                    5.2.2.4 Low adoption of technologies owing to technical issues
           5.2.3 OPPORTUNITIES
                    5.2.3.1 High adoption of IoT and cloud platforms
                    5.2.3.2 Increased integration of different solutions to provide improved performance
                    5.2.3.3 Rapid industrial growth in emerging economies
           5.2.4 CHALLENGES
                    5.2.4.1 Threats related to cybersecurity
                    5.2.4.2 Complexity in implementation of smart manufacturing technology systems
                    5.2.4.3 Lack of awareness about benefits of adopting information and enabling technologies
                    5.2.4.4 Lack of skilled workforce
    5.3 INDUSTRIAL WEARABLE DEVICES TRENDS IN SMART MANUFACTURING
           5.3.1 BY DEVICE
                    5.3.1.1 Smart watches
                    5.3.1.2 Smart bands
                    5.3.1.3 Smart clothing
                    5.3.1.4 Wearable cameras
           5.3.2 BY APPLICATION
                    5.3.2.1 Field repair services
                    5.3.2.2 Operation and assembly
                    5.3.2.3 Employee monitoring
                    5.3.2.4 Warehouse management
                    5.3.2.5 Emergency response

6 SMART MANUFACTURING MARKET,  BY INFORMATION TECHNOLOGY (Page No. - 65)
    6.1 INTRODUCTION
        FIGURE 17 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
        FIGURE 18 INDUSTRIAL COMMUNICATION TO HOLD LARGEST SIZE OF SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY IN 2025
        TABLE 1 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY,  2017–2025 (USD BILLION)
        TABLE 2 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION,  2017–2025 (USD BILLION)
        FIGURE 19 PHARMACEUTICALS INDUSTRY TO HOLD LARGEST SIZE OF SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY IN 2025
        TABLE 3 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2017–2025 (USD BILLION)
        TABLE 4 SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2017–2025 (USD BILLION)
    6.2 HUMAN MACHINE INTERFACE
           6.2.1 BY OFFERING
                    6.2.1.1 Software
                               6.2.1.1.1 HMI software enhances efficiency of production processes
                    6.2.1.2 Hardware
                               6.2.1.2.1 Evolution of Industrial Internet of things leading to adoption of HMI
           6.2.2 BY CONFIGURATION TYPE
                    6.2.2.1 Increasing requirement for high efficiency and monitoring in manufacturing plants is expected to drive HMI market
                            TABLE 5 INFORMATION TECHNOLOGY MARKET FOR HMI, BY REGION, 2017–2025 (USD BILLION)
                            FIGURE 20 OIL & GAS INDUSTRY TO HOLD LARGEST SIZE OF INFORMATION TECHNOLOGY MARKET FOR HMI IN 2025
                            TABLE 6 INFORMATION TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY,  2017–2025 (USD MILLION)
                            TABLE 7 INFORMATION TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY,  2017–2025 (USD MILLION)
    6.3 ENTERPRISE MANUFACTURING INTELLIGENCE
        TABLE 8 INFORMATION TECHNOLOGY MARKET FOR EMI, BY REGION, 2017–2025 (USD BILLION)
        FIGURE 21 OIL & GAS INDUSTRY TO HOLD LARGEST SIZE OF INFORMATION TECHNOLOGY MARKET FOR EMI IN 2025
        TABLE 9 INFORMATION TECHNOLOGY MARKET FOR EMI, BY PROCESS INDUSTRY,  2017–2025 (USD MILLION)
        TABLE 10 INFORMATION TECHNOLOGY MARKET FOR EMI, BY DISCRETE INDUSTRY,  2017–2025 (USD MILLION)
           6.3.1 BY OFFERING
                    6.3.1.1 Growing demand for enhanced operational efficiency increases demand for EMI
           6.3.2 BY DEPLOYMENT TYPE
                    6.3.2.1 High pressure on reducing total cost of ownership in manufacturing plants increases deployment of EMI solutions
    6.4 PLANT ASSET MANAGEMENT
        FIGURE 22 INFORMATION TECHNOLOGY MARKET FOR PAM IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 11 INFORMATION TECHNOLOGY MARKET FOR PAM, BY REGION, 2017–2025 (USD BILLION)
        TABLE 12 INFORMATION TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY,  2017–2025 (USD MILLION)
        TABLE 13 INFORMATION TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY,  2017–2025 (USD MILLION)
           6.4.1 BY OFFERING
                    6.4.1.1 PAM solutions help improve operational efficiency of business processes
           6.4.2 BY DEPLOYMENT
                    6.4.2.1 Cloud (online) deployment mode is gaining popularity due to growing demand for advanced technologies
           6.4.3 BY ASSET TYPE
                    6.4.3.1 PAM solutions are in demand for production assets such as monitoring rotating and reciprocating equipment
    6.5 MANUFACTURING EXECUTION SYSTEM
           6.5.1 BY DEPLOYMENT TYPE
                    6.5.1.1 Market for hybrid deployment to grow at highest rate during forecast period
           6.5.2 BY OFFERING
                    6.5.2.1 Reduction in manufacturing cycle time and electronic maintenance of data are major drivers for high demand for manufacturing execution systems
                            TABLE 14 INFORMATION TECHNOLOGY MARKET FOR MES, BY REGION, 2017–2025 (USD BILLION)
                            TABLE 15 INFORMATION TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY,  2017–2025 (USD MILLION)
                            FIGURE 23 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF INFORMATION TECHNOLOGY MARKET FOR MES IN 2025
                            TABLE 16 INFORMATION TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY,  2017–2025 (USD MILLION)
    6.6 INDUSTRIAL COMMUNICATION
           6.6.1 BY OFFERING
                    6.6.1.1 Components
                               6.6.1.1.1 Market for industrial controllers and processors to witness significant growth
                    6.6.1.2 Software
                               6.6.1.2.1 Growing importance of network-management software with rising network complexities
                    6.6.1.3 Services
                               6.6.1.3.1 Increasing focus of tier 1 players toward comprehensive industrial communication solutions to propel industrial communication service market growth
                                         TABLE 17 INFORMATION TECHNOLOGY MARKET FOR INDUSTRIAL COMMUNICATION, BY REGION, 2017–2025 (USD BILLION)
                                         FIGURE 24 PHARMACEUTICALS INDUSTRY TO HOLD LARGEST SIZE OF INFORMATION TECHNOLOGY MARKET FOR INDUSTRIAL COMMUNICATION IN 2025
                                         TABLE 18 INFORMATION TECHNOLOGY MARKET FOR INDUSTRIAL COMMUNICATION, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
                                         TABLE 19 INFORMATION TECHNOLOGY MARKET FOR INDUSTRIAL COMMUNICATION, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
           6.6.2 COMMUNICATION PROTOCOL
                    6.6.2.1 Rising adoption of wireless communication protocol in remote control and remote maintenance systems
    6.7 WAREHOUSE MANAGEMENT SYSTEM
           6.7.1 BY OFFERING
                    6.7.1.1 Digitization of supply chain management propels growth of warehouse management system market
           6.7.2 IMPLEMENTATION TYPE
                    6.7.2.1 Increasing adoption of on-cloud WMS solutions
           6.7.3 BY TIER TYPE
                    6.7.3.1 Rising demand for WMS from several industries
                            TABLE 20 INFORMATION TECHNOLOGY MARKET FOR WMS, BY REGION, 2017–2025 (USD BILLION)
                            FIGURE 25 FOOD & BEVERAGES INDUSTRY TO HOLD LARGEST SIZE OF INFORMATION TECHNOLOGY MARKET FOR WMS IN 2025
                            TABLE 21 INFORMATION TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY,  2015–2023 (USD MILLION)
                            TABLE 22 INFORMATION TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY,  2017–2025 (USD MILLION)

7 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY (Page No. - 90)
    7.1 INTRODUCTION
        FIGURE 26 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
        FIGURE 27 IIOT TO HOLD LARGEST SIZE OF SMART MANUFACTURING MARKET,  BY ENABLING TECHNOLOGY, IN 2025
        TABLE 23 SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY,  2017–2025 (USD BILLION)
        TABLE 24 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY REGION,  2017–2025 (USD BILLION)
        FIGURE 28 ENERGY & POWER INDUSTRY TO HOLD LARGEST SIZE OF MARKET FOR ENABLING TECHNOLOGY, BY PROCESS INDUSTRY, IN 2025
        TABLE 25 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
        TABLE 26 SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
    7.2 INDUSTRIAL 3D PRINTING
           7.2.1 BY OFFERING
                    7.2.1.1 Printers
                               7.2.1.1.1 Increasing demand from several industries propels growth of industrial 3d printing market
                    7.2.1.2 Materials
                               7.2.1.2.1 Rapid increase in demand for wide range of materials owing to emerging technologies
                    7.2.1.3 Software
                               7.2.1.3.1 Surging demand for development of user-friendly software
                    7.2.1.4 Services
                               7.2.1.4.1 3D printing service sector is gaining significant traction
           7.2.2 BY APPLICATION
                    7.2.2.1 Rising demand for industrial 3d printing in emerging applications
           7.2.3 BY PROCESS
                    7.2.3.1 Government investments and aggressive R&D activities undertaken by industry experts drive industrial 3D printing market
           7.2.4 BY TECHNOLOGY
                    7.2.4.1 Ability of industrial 3D printing solutions to improve manufacturing processes and enhance supply chain management likely to offer opportunity to industrial 3D printing market
                            TABLE 27 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION,  2017–2025 (USD MILLION)
                            FIGURE 29 FOOD & BEVERAGES INDUSTRY TO HOLD LARGEST SIZE OF ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING IN 2025
                            TABLE 28 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
                            TABLE 29 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
    7.3 COLLABORATIVE ROBOT
           7.3.1 BY PAYLOAD CAPACITY
                    7.3.1.1 High potential for robot installations in many countries
           7.3.2 BY APPLICATION
                    7.3.2.1 Increasing investments in automation by industries
                            TABLE 30 ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY REGION,  2017–2025 (USD MILLION)
                            FIGURE 30 METALS & MINING INDUSTRY TO HOLD LARGEST SIZE OF ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS IN 2025
                            TABLE 31 ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
                            TABLE 32 ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS,  BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
    7.4 IIOT
           7.4.1 BY DEVICE & TECHNOLOGY
                    7.4.1.1 Support from governments of different countries for R&D activities related to IIoT
           7.4.2 BY SOFTWARE
                    7.4.2.1 Increasing use of cloud computing platforms propels growth of IIoT market, by software
                            FIGURE 31 ENABLING TECHNOLOGY MARKET FOR IIOT IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                            TABLE 33 ENABLING TECHNOLOGY MARKET FOR IIOT, BY REGION, 2017–2025 (USD BILLION)
                            TABLE 34 ENABLING TECHNOLOGY MARKET FOR IIOT, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
                            TABLE 35 ENABLING TECHNOLOGY MARKET FOR IIOT, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
    7.5 AI IN MANUFACTURING
           7.5.1 BY OFFERING
                    7.5.1.1 Hardware
                               7.5.1.1.1 Evolving industrial IoT and automation boost hardware market growth
                    7.5.1.2 Software
                               7.5.1.2.1 AI solution providers are focusing on developing robust cloud-based solutions for their clients
           7.5.2 BY TECHNOLOGY
                    7.5.2.1 AI technologies enable machines to execute activities that are currently being performed by humans
           7.5.3 BY APPLICATION
                    7.5.3.1 AI-based quality control applications enable plant operators to quickly detect product variations during production
                            TABLE 36 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY REGION,  2017–2025 (USD BILLION)
                            TABLE 37 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
                            FIGURE 32 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING IN 2025
                            TABLE 38 ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
    7.6 MACHINE CONDITION MONITORING
           7.6.1 BY MONITORING TECHNIQUE
                    7.6.1.1 Rising adoption of wireless communication technology in machine condition monitoring
           7.6.2 BY OFFERING
                    7.6.2.1 Hardware
                               7.6.2.1.1 Industrial Internet of Things to unfold new growth avenues
                    7.6.2.2 Software
                               7.6.2.2.1 Condition monitoring software help in evaluating equipment reliability parameters
           7.6.3 BY DEPLOYMENT TYPE
                    7.6.3.1 Advantages of cloud deployment over on-premises deployment to drive demand for cloud-based monitoring solutions
                             TABLE 39 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY REGION, 2017–2025 (USD MILLION)
                             FIGURE 33 OIL & GAS INDUSTRY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD IN MACHINE CONDITION MONITORING MARKET
                             TABLE 40 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
                             TABLE 41 ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
    7.7 INDUSTRIAL MACHINE VISION
           7.7.1 BY COMPONENT
                    7.7.1.1 Hardware
                               7.7.1.1.1 Growing demand for vision-guided robotic systems
                    7.7.1.2 Software
                               7.7.1.2.1 Deep learning frameworks offer great flexibility to program developers owing to their ability to design and train customized deep neural networks
           7.7.2 BY PRODUCT
                    7.7.2.1 Increasing adoption of 3D machine vision systems
           7.7.3 BY APPLICATION
                    7.7.3.1 Increasing demand for quality inspection and automation to drive adoption of machine vision systems
                             TABLE 42 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY REGION,  2017–2025 (USD BILLION)
                             TABLE 43 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
                             TABLE 44 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
    7.8 INDUSTRIAL CYBERSECURITY
           7.8.1 BY TYPE
                    7.8.1.1 Government funding to improve cybersecurity of industrial environment
           7.8.2 BY PRODUCT
                    7.8.2.1 Growing incidents of data breaches due to increasing number of connected devices in industrial control system drive market for industrial cybersecurity solutions
           7.8.3 BY SOLUTION AND SERVICE
                    7.8.3.1 Growth in number of connected devices and increasing adoption of IoT in industrial control systems propel industrial cybersecurity market growth
                            FIGURE 34 APAC TO HOLD LARGEST SIZE OF ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY IN 2025
                             TABLE 45 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY REGION,  2017–2025 (USD BILLION)
                             TABLE 46 ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
    7.9 DIGITAL TWIN
           7.9.1 INCREASING ADOPTION OF EMERGING TECHNOLOGIES SUCH AS IOT AND CLOUD FOR IMPLEMENTATION OF DIGITAL TWIN ARE DRIVING GROWTH OF DIGITAL TWIN MARKET
                 TABLE 47 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN, BY REGION,  2017–2025 (USD BILLION)
                 FIGURE 35 ENERGY & POWER INDUSTRY TO HOLD LARGEST SIZE OF ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN IN 2025
                 TABLE 48 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN, BY PROCESS INDUSTRY,  2017–2023 (USD MILLION)
                 TABLE 49 ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN, BY DISCRETE INDUSTRY,  2017–2023 (USD MILLION)
    7.1 AUTOMATED GUIDED VEHICLE
           7.10.1 BY TYPE
                    7.10.1.1 Growing demand for automation in material handling across Industries propels AGV market growth
           7.10.2 BY NAVIGATION TECHNOLOGY
                    7.10.2.1 Increasing demand for automation in material handling across industries propels growth of navigation technology in AGV market
           7.10.3 BY APPLICATION
                    7.10.3.1 High adoption of automated guided vehicles in transportation sector drives AGV market
                             TABLE 50 ENABLING TECHNOLOGY MARKET FOR AGV, BY REGION, 2017–2025 (USD BILLION)
                             TABLE 51 ENABLING TECHNOLOGY MARKET FOR AGV, BY PROCESS INDUSTRY,  2017–2025 (USD MILLION)
                             FIGURE 36 AEROSPACE & DEFENSE INDUSTRY TO WITNESS HIGHEST CAGR IN ENABLING TECHNOLOGY MARKET FOR AGV DURING FORECAST PERIOD
                             TABLE 52 ENABLING TECHNOLOGY MARKET FOR AGV, BY DISCRETE INDUSTRY,  2017–2025 (USD MILLION)
    7.11 BLOCKCHAIN IN MANUFACTURING
           7.11.1 BY APPLICATION
                    7.11.1.1 Growing emphasis on energy efficiency and cost of production fuel demand for blockchain in manufacturing
                             FIGURE 37 NORTH AMERICA TO HOLD LARGEST SIZE OF ENABLING TECHNOLOGY MARKET FOR BLOCKCHAIN IN MANUFACTURING IN 2025
                             TABLE 53 ENABLING TECHNOLOGY MARKET FOR BLOCKCHAIN IN MANUFACTURING,  BY REGION, 2020–2025 (USD MILLION)
                             TABLE 54 ENABLING TECHNOLOGY MARKET FOR BLOCKCHAIN IN MANUFACTURING, BY PROCESS INDUSTRY, 2020–2025 (USD MILLION)
                             TABLE 55 ENABLING TECHNOLOGY MARKET FOR BLOCKCHAIN IN MANUFACTURING, BY DISCRETE INDUSTRY, 2020–2025 (USD MILLION)
    7.12 AR AND VR IN MANUFACTURING
           7.12.1 BY TECHNOLOGY
                    7.12.1.1 Augmented reality technology
                               7.12.1.1.1 Increased interest of tech giants in AR Market has resulted in upsurge in investments
                    7.12.1.2 Virtual reality technology
                               7.12.1.2.1 Advancements in technologies and growing digitization propel growth of VR technology market
           7.12.2 BY OFFERING
                    7.12.2.1 Hardware
                               7.12.2.1.1 Sensors are widely used in AR devices
                    7.12.2.2 Software
                               7.12.2.2.1 Emergence of mobile devices with AR capabilities drives demand for cloud-based AR solutions
           7.12.3 BY DEVICE TYPE
                    7.12.3.1 AR—head-mounted displays are widely adopted across companies to improve work efficiency
                             TABLE 56 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
                             TABLE 57 ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)

8 SMART MANUFACTURING MARKET, BY INDUSTRY (Page No. - 134)
    8.1 INTRODUCTION
        FIGURE 38 GLOBAL SMART MANUFACTURING MARKET, BY INDUSTRY
    8.2 PROCESS INDUSTRY
        FIGURE 39 ENERGY & POWER INDUSTRY TO HOLD LARGEST SIZE OF SMART MANUFACTURING MARKET IN 2025
        TABLE 58 SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
        TABLE 59 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY INFORMATION TECHNOLOGY, 2017–2025 (USD MILLION)
        TABLE 60 SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY ENABLING TECHNOLOGY, 2017–2025 (USD MILLION)
           8.2.1 OIL & GAS
                    8.2.1.1 Increasing demand for remote monitoring solutions due to growing number of operations in remote offshore locations
           8.2.2 FOOD & BEVERAGES
                    8.2.2.1 Rapid technological developments in industries leading to growth of smart manufacturing market
           8.2.3 PHARMACEUTICALS
                    8.2.3.1 Rising implementation of automated processes to ensure operational efficiency in manufacturing processes
           8.2.4 CHEMICALS
                    8.2.4.1 Increasing focus of chemical companies to ensure asset reliability and operational efficiency propels demand for smart manufacturing solutions
           8.2.5 ENERGY & POWER
                    8.2.5.1 High demand for advanced control and advanced solutions in energy & power sector to foster smart manufacturing market growth
           8.2.6 METALS & MINING
                    8.2.6.1 Strict regulations to ensure safety during mining operations fuel adoption of smart manufacturing technologies
           8.2.7 PULP & PAPER
                    8.2.7.1 Growing adoption of digitalization in paper industry to increase implementation of smart manufacturing process
           8.2.8 OTHERS
    8.3 DISCRETE INDUSTRY
        TABLE 61 SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2017–2025 (USD BILLION)
        TABLE 62 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY INFORMATION TECHNOLOGY, 2017–2025 (USD MILLION)
        TABLE 63 SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY ENABLING TECHNOLOGY, 2017–2025 (USD MILLION)
           8.3.1 AUTOMOTIVE
                    8.3.1.1 Technological innovations in automotive industry drive smart manufacturing market growth
           8.3.2 AEROSPACE & DEFENSE
                    8.3.2.1 High equipment costs encourage adoption of smart manufacturing technologies to avoid equipment failure risks
           8.3.3 SEMICONDUCTOR & ELECTRONICS
                    8.3.3.1 Continuous advancements in this industry drive demand for smart manufacturing solutions to increase productivity
           8.3.4 MEDICAL DEVICES
                    8.3.4.1 Increasing demand for smart manufacturing solutions for higher efficiency in manufacturing processes
           8.3.5 MACHINE MANUFACTURING
                    8.3.5.1 Surging demand for predictive maintenance to propel smart manufacturing market growth
           8.3.6 OTHERS

9 GEOGRAPHIC ANALYSIS (Page No. - 150)
    9.1 INTRODUCTION
        FIGURE 40 GEOGRAPHIC SNAPSHOT OF SMART MANUFACTURING MARKET
        FIGURE 41 APAC TO DOMINATE SMART MANUFACTURING MARKET DURING FORECAST PERIOD
        TABLE 64 SMART MANUFACTURING MARKET, BY REGION, 2017–2025 (USD BILLION)
    9.2 NORTH AMERICA
        FIGURE 42 NORTH AMERICA: SNAPSHOT OF SMART MANUFACTURING MARKET
        TABLE 65 SMART MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY,  2017–2025 (USD BILLION)
           9.2.1 US
                    9.2.1.1 Combination of information technologies and enabling technologies in manufacturing industry in US to boost smart manufacturing market
           9.2.2 CANADA
                    9.2.2.1 Increasing government support for adoption of advanced manufacturing technologies to propel smart manufacturing market growth
           9.2.3 MEXICO
                    9.2.3.1 Expansions by global market players in country to boost smart manufacturing market growth
    9.3 EUROPE
        FIGURE 43 EUROPE: SNAPSHOT OF SMART MANUFACTURING MARKET
        TABLE 66 SMART MANUFACTURING MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD BILLION)
           9.3.1 UK
                    9.3.1.1 Government support in developing Industrial Internet of things to foster smart manufacturing market growth
           9.3.2 GERMANY
                    9.3.2.1 Increasing demand for efficient remote monitoring and control solutions by automotive companies is encouraging adoption of smart manufacturing technologies
           9.3.3 FRANCE
                    9.3.3.1 Strong R&D to enhance technological capabilities and introduction of new solutions fuel smart manufacturing market growth
           9.3.4 REST OF EUROPE
    9.4 APAC
        FIGURE 44 APAC: SNAPSHOT OF SMART MANUFACTURING MARKET
        TABLE 67 SMART MANUFACTURING MARKET IN APAC, BY COUNTRY, 2017–2025 (USD BILLION)
           9.4.1 CHINA
                    9.4.1.1 Increasing labor cost in china leading to adoption of advanced automation solutions
           9.4.2 JAPAN
                    9.4.2.1 Increasing focus of Japan on implementing smart manufacturing solutions
           9.4.3 INDIA
                    9.4.3.1 Growing manufacturing sector as outcome of Make in INDIA Initiative fuels smart manufacturing market growth
           9.4.4 REST OF APAC
    9.5 ROW
        TABLE 68 SMART MANUFACTURING MARKET IN ROW, BY REGION,  2017–2025 (USD BILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Industries in South America are focusing on smart manufacturing to produce high-quality end products
           9.5.2 MIDDLE EAST
                    9.5.2.1 Increasing demand from oil & gas vertical propels smart manufacturing market
           9.5.3 AFRICA
                    9.5.3.1 Growing manufacturing sector propels adoption of advanced manufacturing solutions

10 COMPETITIVE LANDSCAPE (Page No. - 168)
     10.1 OVERVIEW
          FIGURE 45 KEY DEVELOPMENTS IN SMART MANUFACTURING MARKET (2018 TO 2020)
     10.2 MARKET RANKING ANALYSIS: PLANT ASSET MANAGEMENT MARKET
          FIGURE 46 RANKING OF KEY PLAYERS IN PLANT ASSET MANAGEMENT MARKET, 2019
     10.3 COMPETITIVE LEADERSHIP MAPPING, 2019
             10.3.1 VISIONARIES
             10.3.2 INNOVATORS
             10.3.3 DYNAMIC DIFFERENTIATORS
             10.3.4 EMERGING COMPANIES
                    FIGURE 47 PLANT ASSET MANAGEMENT MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     10.4 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 48 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SMART  MANUFACTURING MARKET
     10.5 BUSINESS STRATEGY EXCELLENCE
          FIGURE 49 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SMART MANUFACTURING MARKET
     10.6 COMPETITIVE SITUATIONS AND TRENDS
             10.6.1 CONTRACTS, AGREEMENTS, COLLABORATIONS, EXPANSIONS, AND PARTNERSHIPS
                    TABLE 69 CONTRACTS, AGREEMENTS, COLLABORATIONS, EXPANSIONS, AND PARTNERSHIPS, 2018–2020
             10.6.2 PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 70 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020
             10.6.3 ACQUISITIONS
                    TABLE 71 ACQUISITIONS, 2018–2019

11 COMPANY PROFILES (Page No. - 179)
     11.1 KEY PLAYERS
(Business overview, Products offered, Recent developments, and MnM view)*
             11.1.1 3D SYSTEMS
                    FIGURE 50 3D SYSTEMS: COMPANY SNAPSHOT
             11.1.2 ABB
                    FIGURE 51 ABB: COMPANY SNAPSHOT
             11.1.3 CISCO
                    FIGURE 52 CISCO: COMPANY SNAPSHOT
             11.1.4 EMERSON
                    FIGURE 53 EMERSON: COMPANY SNAPSHOT
             11.1.5 GE
                    FIGURE 54 GE: COMPANY SNAPSHOT
             11.1.6 HONEYWELL
                    FIGURE 55 HONEYWELL: COMPANY SNAPSHOT
             11.1.7 IBM
                    FIGURE 56 IBM: COMPANY SNAPSHOT
             11.1.8 MITSUBISHI CORPORATION
                    FIGURE 57 MITSUBISHI CORPORATION: COMPANY SNAPSHOT
             11.1.9 ROCKWELL
                    FIGURE 58 ROCKWELL: COMPANY SNAPSHOT
             11.1.10 SCHNEIDER
                     FIGURE 59 SCHNEIDER: COMPANY SNAPSHOT
             11.1.11 SIEMENS
                     FIGURE 60 SIEMENS: COMPANY SNAPSHOT
             11.1.12 ORACLE
                     FIGURE 61 ORACLE: COMPANY SNAPSHOT
             11.1.13 SAP
                     FIGURE 62 SAP: COMPANY SNAPSHOT
             11.1.14 STRATASYS
                     FIGURE 63 STRATASYS: COMPANY SNAPSHOT
             11.1.15 YOKOGAWA
                     FIGURE 64 YOKOGAWA: COMPANY SNAPSHOT
     11.2 RIGHT TO WIN
     11.3 OTHER KEY PLAYERS
             11.3.1 COGNEX
             11.3.2 GOOGLE
             11.3.3 INTEL
             11.3.4 KEYENCE
             11.3.5 NVIDIA
             11.3.6 PTC
             11.3.7 SAMSUNG
             11.3.8 SONY
             11.3.9 UNIVERSAL ROBOTS

*Details on Business overview, Products offered, Recent developments, and MnM view might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 249)
     12.1 INSIGHTS OF INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

The study involved 4 major activities for estimating the size of the smart manufacturing market. Exhaustive secondary research has been conducted to collect information on the market. The next step involved has been validating these findings, assumptions, and sizing, with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall market size. Thereafter, market breakdown and data triangulation techniques have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations have been used to identify and collect information for an extensive technical and commercial study of the smart manufacturing market.

Primary Research

In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players in the smart manufacturing market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research included studying annual reports of top market players and interviewing key opinion leaders such as CEOs, directors, and marketing personnel.

Smart Manufacturing Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the smart manufacturing market and other dependent submarkets listed on this report.

  • Key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, market breakdown, and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To describe and forecast the smart manufacturing market, in terms of technology, by information technology and enabling technology.
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding factors (drivers, restraints, opportunities, and challenges) influencing market growth
  • To provide a detailed overview of the value chain of the smart manufacturing ecosystem
  • To analyze opportunities for stakeholders in the smart manufacturing market by identifying its high-growth segments
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies, along with detailing the competitive leadership and analyzing growth strategies such as product launches and developments, expansions, acquisitions, agreements, mergers, joint ventures, and the partnerships of leading players.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report.

Company information:

  • Detailed analysis and profiling of additional market players (up to 5)
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