Smart Manufacturing Platform Market - Snapshot
At its core, smart manufacturing platforms point to end-to-end software framework, which takes all the data from industrial devices and puts it through different applications. Through the smart manufacturing platforms, device management, data flow, communication, and functionality of the applications can be facilitated.
The connection between Industry 4.0 technology and smart manufacturing platforms permits companies to blend with the Industrial Internet of Things (IIoT). The emphasis here is on procuring, analyzing, and utilizing as much data as possible. The smart manufacturing platforms are used in fields such as asset management, condition monitoring, and performance optimization.
More and more usage of Industry 4.0, an increasing need for consistent and efficient data, and government support in taking up industrial automation are several factors that would enhance the growth of smart manufacturing platforms. The growth of the smart manufacturing platforms market is, however, hampered by lesser number of workers in the IoT industry and continuous improvements made to the software. For the expansion of smart manufacturing platforms in the coming years, varied strategies such as acquisitions, mergers, and the launch of new products are expected to play crucial role.
Microsoft, arguably the most dominant software firm in the market, signed up for a partnership with Google in July 2020. This proved to be beneficial for the market as it helped speed up IIoT adoption. Two years ago, another software giant -IBM- introduced Watson, which is the company's question-answering computer system with an ability to move across any cloud in an attempt to prevent vendor lock-in.
In 2018, Fujistu and Amazon Web Services entered into a collaboration agreement, which allowed customers to relocate their IT-related activities into the AWS cloud. Also, in 2018, the Alibaba Cloud and Siemens announced partnership to promote IIoT services in China. The smart manufacturing platforms market has several key players including Microsoft Corporation and IBM. The smart manufacturing platforms market is divided into various regions such as North America, Asia Pacific, Europe and rest of the world.
The demand within the global market for smart manufacturing has been rising on account of the recent trend of attaining optimal industrial productivity to make businesses lucrative. Smart manufacturing has pervaded across multiple industries and is projected to overhaul the business landscape in the years to come. Smart manufacturing refers to the use of computerised systems and key manufacturing technologies in order to enhance the agility, quality, and speed of manufacturing. Furthermore, smart manufacturing is substantially different from traditional manufacturing in the sense that the former involves workforce training and concept transformation to bring about product transaction. Traditional manufacturing methods involve customary usage of raw materials to develop final products while smart manufacturing is a more customised approach that focuses on the detailing of products. The contemporary scenario has witnessed several digital transformations and solutions come under the spotlight of attention, which has aided the growth of the global market for smart manufacturing. Several research organisations have vindicated the use of smart manufacturing by stating that there is minimal production of waste when digital technologies are used for manufacturing. The growth of manufacturing units within several sectors and industries is projected to bring about positive growth within the global market for smart manufacturing.
Transparency Market Research (TMR) finds that the global market for smart manufacturing would expand at a stellar CAGR of 13.2% over the period between 2016 and 2024. Furthermore, the global market for smart manufacturing is prognosticated to touch a value of US$548.14 bn by 2024, elevating from a total worth of US$159.05 bn in 2015. TMR’s report on global smart manufacturing market elucidates a number of factors that underpin the growth of this market.
The global market for smart manufacturing can be categorised on the basis of end-use industry into the following: Defense and aerospace, automotive, food and beverages, pharmaceuticals, and consumer electronics. Amongst these key segments, the demand for smart manufacturing has been the highest in the Defense and aerospace sector due to the need for customisable and quality-controlled equipment. Furthermore, the Defense and aerospace sector influences economic growth of nations which also calls for a robust system of smart manufacturing within the industry. On the basis of technology type, the demand for enterprise resource planning and supervisory control and data acquisition has been rising at a robust rate due to the need for connecting industrial processes to a central console. Other key segments within the technology type categorisation are distribution control system, human machine interface, machine vision, manufacturing execution system, programmable logic controller, and other technologies.
The demand for smart manufacturing in the US and Canada has been scaling new heights due to the sophisticated nature of the industrial sector in these countries. The governments in these regions have been focusing on creating a digital framework for the manufacture of products and equipment across a wide array of industries. Furthermore, the expansive industrial sector and the swift manufacturing in Europe and Asia Pacific are expected to drive demand within these regional markets.
Some of the key players in the global smart manufacturing market are ABB Ltd., Emerson Electric Company, Johnson Controls, Inc., Honeywell International, Inc, and Siemens AG.
The advancements in the industrial sector have increased substantially over the years. The application of Industry 4.0 technology and various technologies such as Industrial Internet-of-Things (IIoT), machine learning, artificial intelligence (AI), and augmented reality (AR) are expanding at a rapid rate. Thus, all these factors will bring extensive growth opportunities across the smart manufacturing market during the assessment period of 2016-2024.
The currently accelerating digital transformations in the industrial, residential, and commercial sector is likely to aid in expansion of the global smart manufacturing market. The interest inside the worldwide market for smart manufacturing has been ascending by virtue of the new pattern of achieving ideal mechanical profitability to make organizations worthwhile. Smart manufacturing has invaded across different ventures and is projected to upgrade the business scene in the years to come. Smart manufacturing alludes to the utilization of electronic frameworks and key manufacturing advances to upgrade the dexterity, quality, and speed of manufacturing. Besides, smart manufacturing is significantly not the same as conventional manufacturing as in the previous includes labor force preparing and idea change to achieve item exchange.
Conventional manufacturing strategies include standard use of crude materials to create eventual outcomes while smart manufacturing is a more tweaked approach that centers on the itemizing of items. The contemporary situation has seen a few computerized changes and arrangements go under the spotlight of consideration, which has helped the development of the worldwide market for smart manufacturing. A few examination associations have vindicated the utilization of smart manufacturing by expressing that there is insignificant creation of waste when computerized advancements are utilized for manufacturing. The development of manufacturing units inside a few areas and enterprises is projected to achieve positive development inside the worldwide market for smart manufacturing.
Smart Manufacture (in the USA) or Industry 4.0 (in Europe), is the latest wave in the Industrial Revolution. The Smart Manufacturing Leadership Coalition (SMLC) in the United States is dealing with the eventual fate of creation. In correlation with the current circumstance, this idea of creation will essentially build the innovative intricacy of the worth added measures. Industry 4.0 permeation is recognized as a key pattern that is probably going to support the worldwide smart creation market.
Section 1 Preface
1.1 Report Scope
1.2 Market Segmentation
1.3 Research Highlights
Section 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Models
Section 3 Executive Summary
3.1 Global Smart Manufacturing Market Snapshot
3.2 Global Smart Manufacturing Market Share, By Region 2015 & 2024
Section 4 Smart Manufacturing Market: Overview
4.1 Introduction
4.2 Recent Trend Analysis
Section 5 Smart Manufacturing Market: Dynamics
5.1 Market Drivers
5.1.1 Connected devices to propel the industrial internet of things technology
5.1.2 Increasing implementation of analytics solutions
5.1.3 Emphasis on business process efficiency and cost reduction
5.2 Market Restraints
5.2.1 Complex execution process
5.3 Market Opportunities
5.3.1 Government mandates coupled with greater eco-consciousness
5.3.2 Management systems to spearhead industrial revolution
5.4 Global Smart Manufacturing Market Outlook, 2015
5.4.1 Market Value Share By Technology (2015)
5.4.2 Market Value Share By End-User (2015)
5.4.3 Market Value Share By Region (2015)
5.5 Dominant Players and Emerging Players Analysis, 2015
Section 6 Global Smart Manufacturing Market: By Technology Type
6.1 Introduction
6.2 Global Smart Manufacturing Market Value Share Analysis,By Technology Type
6.3 Global Smart Manufacturing Market Forecast By Technology Type
6.4 Global Smart Manufacturing Market Analysis By Technology Type
Section 7 Global Smart Manufacturing Market: By End-User
7.1 Introduction
7.2 Global Smart Manufacturing Market Value Share Analysis,By End-User Type
7.3 Global Smart Manufacturing Market Forecast By End-User Type
Section 8 North America Smart Manufacturing Market Analysis
8.1 Introduction
8.2 North America Smart Manufacturing Market Value Share Analysis, By Technology Type
8.3 North America Smart Manufacturing Market Forecast, By Technology Type
8.4 North America Smart Manufacturing Market Value Share Analysis, By End-User Type
8.5 North America Smart Manufacturing Market Forecast, By End-User Type
8.6 North America Smart Manufacturing Market Value Share Analysis, By Country
8.7 North America Smart Manufacturing Market Analysis, By Country
8.7.1 U.S. Smart Manufacturing Market, 2016 – 2024, USD Bn
8.7.1 Canada Smart Manufacturing Market, 2016 – 2024, USD Bn
8.7.3 Mexico Smart Manufacturing Market, 2016 – 2024, USD Bn
Section 9 Europe Smart Manufacturing Market
9.1 Introduction
9.2 Europe Smart Manufacturing Market Value Share Analysis, By Technology Type
9.3 Europe Smart Manufacturing Market Forecast, By Technology Type
9.4 Europe Smart Manufacturing Market Value Share Analysis, By End-User Type
9.5 Europe Smart Manufacturing Market Forecast By End-User Type
9.6 Europe Smart Manufacturing Market Value Share Analysis,By Country
9.7 Europe Smart Manufacturing Market Analysis By Country
9.7.1 U.K. Smart Manufacturing Market, 2016 – 2024, USD Bn
9.7.2 Germany Smart Manufacturing Market, 2016 – 2024, USD Bn
9.7.3 France Smart Manufacturing Market, 2016 – 2024, USD Bn
9.7.4 Italy Smart Manufacturing Market, 2016 – 2024, USD Bn
9.7.5 Rest of Europe Smart Manufacturing Market, 2016 – 2024, USD Bn
Section 10 Asia Pacific Smart Manufacturing Market
10.1 Introduction
10.2 Asia Pacific Smart Manufacturing Market Value Share Analysis, By Technology Type
10.3 Asia Pacific Smart Manufacturing Market Forecast By Technology Type
10.4 Asia Pacific Smart Manufacturing Market Value Share Analysis, By End-User Type
10.5 Asia Pacific Smart Manufacturing Market Forecast By End-User Type
10.6 Asia Pacific Smart Manufacturing Market Value Share Analysis, By Country
10.7 Asia Pacific Smart Manufacturing Market Analysis By Country
10.7.1 China Smart Manufacturing Market, 2016 – 2024, USD Bn
10.7.2 Japan Smart Manufacturing Market, 2016 – 2024, USD Bn
10.7.3 India Smart Manufacturing Market, 2016 – 2024, USD Bn
10.7.4 South Korea Smart Manufacturing Market, 2016 – 2024, USD Bn
10.7.4 Rest of Asia Pacific Smart Manufacturing Market, 2016 – 2024, USD Bn
Section 11 Middle East and Africa Market
11.1 Introduction
11.2 Middle East and Africa Pacific Smart Manufacturing Market Value Share Analysis, By Technology Type
11.3 Middle East and Africa Pacific Smart Manufacturing Market Forecast By Technology Type
11.4 Middle East and Africa Pacific Smart Manufacturing Market Value Share Analysis, By End-User Type
11.5 Middle East and Africa Pacific Smart Manufacturing Market Forecast By End-User Type
11.6 Middle East and Africa Pacific Smart Manufacturing Market Value Share Analysis, By Country
11.7 Middle East and Africa Pacific Smart Manufacturing Market Forecast By Country
11.7.1 UAE Smart Manufacturing Market, 2016 – 2024, USD Bn
11.7.2 Saudi Arabia Smart Manufacturing Market, 2016 – 2024, USD Bn
11.7.3 South Africa Smart Manufacturing Market, 2016 – 2024, USD Bn
11.7.4 Rest of MEA Smart Manufacturing Market, 2016 – 2024, USD Bn
Section 12 Latin America Market
12.1 Introduction
12.2 Latin America Smart Manufacturing Market Value Share Analysis, By Technology Type
12.3 Latin America Pacific Smart Manufacturing Market Forecast By Technology Type
12.4 Latin America Pacific Smart Manufacturing Market Value Share Analysis, By End-User Type
12.5 Latin America Pacific Smart Manufacturing Market Forecast By End-User Type
12.6 Latin America Pacific Smart Manufacturing Market Value Share Analysis, By Country
12.7 Latin America Pacific Smart Manufacturing Market Forecast By Country
12.7.1 Brazil Smart Manufacturing Market, 2016 – 2024, USD Bn
12.7.2 Argentina Smart Manufacturing Market, 2016 – 2024, USD Bn
12.7.3 Rest of Latin America Smart Manufacturing Market, 2016 – 2024, USD Bn
Section 13 Smart Manufacturing Market: Company Profile
13.1 ABB Ltd.
13.1.1.Company Details
13.1.2.Market Presence
13.1.3.Recent Developments
13.1.4.Financial
13.1.5.Strategic Overview
13.2 Honeywell Intewrnational, Inc.
13.2.1.Company Details
13.2.2.Market Presence
13.2.3.Recent Developments
13.2.4.Financial
13.2.5.Strategic Overview
13.3 Johnson Controls, Inc.
13.3.1.Company Details
13.3.2.Market Presence
13.3.3.Recent Developments
13.3.4.Financial
13.3.5.Strategic Overview
13.4 Emerson Electric Company.
13.4.1.Company Details
13.4.2.Market Presence
13.4.3.Recent Developments
13.4.4.Financial
13.4.5.Strategic Overview
13.5 General Electric Company
13.5.1.Company Details
13.5.2.Market Presence
13.5.3.Recent Developments
13.5.4.Financial
13.5.5.Strategic Overview
13.6 Rockwell Automation, Inc.
13.6.1.Company Details
13.6.2.Market Presence
13.6.3.Recent Developments
13.6.4.Financial
13.6.5.Strategic Overview
13.7 Schneider Electric
13.7.1.Company Details
13.7.2.Market Presence
13.7.3.Recent Developments
13.7.4.Financial
13.7.5.Strategic Overview
13.8 Siemens AG
13.8.1.Company Details
13.8.2.Market Presence
13.8.3.Recent Developments
13.8.4.Financial
13.8.5.Strategic Overview
13.9 Fanuc Corp.
13.9.1.Company Details
13.9.2.Market Presence
13.9.3.Recent Developments
13.9.4.Financial
13.9.5.Strategic Overview
13.10 Atos SE
13.10.1.Company Details
13.10.2.Market Presence
13.10.3.Recent Developments
13.10.4.Financial
13.10.5.Strategic Overview
List of Tables
TABLE 1 Global Smart Manufacturing Competitive Analysis By Company (2015)
TABLE 2 Global Market Size (USD Bn) Forecast, By Technology Type, 2016 – 2024
TABLE 3 Global Market Size (USD Bn Forecast, By End-User, 2016 – 2024
TABLE 4 North America Smart Manufacturing Market, Revenue (US$ Bn and Forecast, By Technology Type, 2016–2024t
TABLE 5 North America Smart Manufacturing Market, Revenue (US$ Bn and Forecast, By End-User Type, 2015–2024
TABLE 6 North America Smart Manufacturing Market, Revenue (US$ Bn and Forecast, By Country, 2016–2024
TABLE 7 Europe Smart Manufacturing Market Revenue (US$ Bn and Forecast, By Technology Type, 2016–2024
TABLE 8 Europe Smart Manufacturing Market Revenue (US$ Bn and Forecast, By End-User Type, 2016–2024
TABLE 9 Europe Smart Manufacturing Market Revenue (US$ Bn and Forecast, By Country, 2016–2024
TABLE 10 Asia Pacific Smart Manufacturing Market Revenue (US$ Bn and Forecast, By Technology Type, 2016–2024
TABLE 11 Asia Pacific Smart Manufacturing Market Revenue (US$ Bn and Forecast, By End-User Type, 2016–2024
TABLE 12 Asia Pacific Smart Manufacturing Market Revenue (US$ Bn and Forecast, By Country, 2016–2024
TABLE 13 Middle East and Africa Smart Manufacturing Market Revenue (USD Bn) and Forecast, By Technology Type, 2016–2024
TABLE 14 Middle East and Africa Smart Manufacturing Market Revenue (USD Bn) and Forecast, By End-User Type, 2016–2024
TABLE 15 Middle East and Africa Smart Manufacturing Market Revenue (USD Bn) and Forecast, By Country Type, 2016–2024
TABLE 16 Latin America Smart Manufacturing Market Revenue (USD Bn) and Forecast, By Technology Type, 2016–2024
TABLE 17 Latin America Smart Manufacturing Market Revenue (USD Bn) and Forecast, By End-User Type, 2016–2024
TABLE 18 Latin America Smart Manufacturing Market Revenue (USD Bn) and Forecast, By Country, 2016–2024
List of Figures
FIG. 1 Report Scope
FIG. 2 Market Snapshot: Top 3 Trends
FIG. 3 Market Share, By Country, 2015 & 2024
FIG. 4 Key Trends
FIG. 5 Smart Manufacturing: Market Value Share By Technology
FIG. 6 Smart Manufacturing: Market Value Share By End-User
FIG. 7 Smart Manufacturing: Market Value Share By Region
FIG. 8 Smart Manufacturing: Global Market Value Share Analysis By Technology Type, 2016 and 2024
FIG. 9 Manufacturing Execution System (MES) Market, 2016 – 2024, USD Bn
FIG. 10 Programmable Logic Controller (PLC) Market, 2016 – 2024, USD Bn
FIG. 11 Supervisory Controller and Data Acquisition (SCADA) Market, 2016 – 2024, USD Bn
FIG. 12 Distribution Control Systems (DCS) Market, 2016 – 2024, USD Bn
FIG. 13 Enterprise Resource & Planning(ERP) Market, 2016 – 2024, USD Bn
FIG. 14 Human Machine Interface (HMI) Market, 2016 – 2024, USD Bn
FIG. 15 Machine Vision (MV) Market, 2016 – 2024, USD Bn
FIG. 16 Other Technologies Market, 2016 – 2024, USD Bn
FIG. 17 Global Market Value Share Analysis By End-User, 2016 and 2024
FIG. 18 Automotive Market, 2016 – 2024, USD Bn
FIG. 19 Food and Beverage Market, 2016 – 2024
FIG. 20 Pharmaceuticals Market, 2016 – 2024, USD Bn
FIG. 21 Aerospace and Defense Market, 2016 – 2024, USD Bn
FIG. 22 Consumer Electronics, 2016 – 2024, USD Bn
FIG. 23 Energy Market, 2016 – 2024, USD Bn
FIG. 24 Other Industries Market, 2016 – 2024, USD Bn
FIG. 25 North America Smart Manufacturing Market, Value Share Analysis, By Technology Type, 2016 and 2024
FIG. 26 North America Smart Manufacturing Market, Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 27 North America Smart Manufacturing Market, Value Share Analysis, By Country, 2016 and 2024
FIG. 28 U.S. Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 29 Canada Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 30 Mexico Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 31 Canada Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 32 Europe Smart Manufacturing Market Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 33 Europe Smart Manufacturing Market, Value Share Analysis, By Country, 2016 and 2024
FIG. 34 U.K. Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 35 Germany Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 36 France Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 37 Italy Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 38 Rest of Europe Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 39 Asia Pacific Smart Manufacturing Market, Value Share Analysis, By Technology Type, 2016 and 2024
FIG. 40 Asia Pacific Smart Manufacturing Market, Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 41 Asia Pacific Smart Manufacturing Market, Value Share Analysis, By Country, 2016 and 2024
FIG. 42 China Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 43 Japan Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 44 India Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 45 South Korea Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 46 Asia Pacific Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 47 Middle East and Africa Smart Manufacturing Market, Value Share Analysis, By Technology Type, 2016 and 2024
FIG. 48 Middle East and Africa Smart Manufacturing Market, Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 49 Middle East and Africa Smart Manufacturing Market, Value Share Analysis, By Country, 2016 and 2024
FIG. 50 UAE Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 51 Saudi Arabia Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 52 South Africa Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 53 Rest of MEA Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 54 Middle East and Africa Smart Manufacturing Market, Value Share Analysis, By Technology Type, 2016 and 2024
FIG. 55 Latin America Smart Manufacturing Market Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 56 Latin America Smart Manufacturing Market Value Share Analysis, By Country, 2016 and 2024
FIG. 57 Brazil Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 58 Argentina Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 59 Rest of Latin America Smart Manufacturing Market, 2016 – 2024, USD Bn