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Smart Manufacturing Market Size, Share & Trends Analysis Report by Component, by Technology (Product Lifecycle Management, 3D Printing, Enterprise Resource Planning, Discrete Control Systems), by End Use, and Segment Forecasts, 2021-2028

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    Report

  • 128 Pages
  • May 2021
  • Region: Global
  • Grand View Research
  • ID: 4452016
Description Jump to:
The global smart manufacturing market size is estimated to reach USD 589.98 billion by 2028, registering a CAGR of 12.4% from 2021 to 2028. Increasing adoption of technologies, including big data analytics, smart robots, and industrial IoT, in manufacturing facilities is a key factor propelling the market growth. Additionally, small and medium enterprises are increasingly integrating plant asset management, Manufacturing Execution Systems (MES), and 3D printing solutions, accelerating the market growth.

Governments across the globe are increasingly investing and promoting smart manufacturing initiatives. Both developed and developing economies are aggressively embracing this avenue, contributing to market growth. For instance, under the Made in China 2025 program, the government of China is reportedly investing approximately USD 3 billion. Similarly, the Indian government is promoting smart manufacturing with the SAMARTH - Udyog Bharat 4.0 initiative to transform the manufacturing sector.

Automotive and aerospace and defense are the leading revenue-generating end-use verticals while oil and gas and industrial equipment are anticipated to scale up the digitization efforts rapidly. The advent of 3D printing, modeling, and simulation in the manufacturing process has significantly propelled the market growth. Furthermore, the market participants are entering into strategic partnerships to offer improved end products. For instance, General Motors (GM), an automobile manufacturer, partnered with Autodesk Inc. to manufacture lighter vehicle parts using 3D printing technology.

Smart Manufacturing Market Report Highlights

  • A shift from operational technologies to effective artificial intelligence and data analytics is expected to emerge as a major market trend
  • Internet of things has gained popularity in the global manufacturing sector owing to benefits such as reduced operational costs and increased efficiency and productivity
  • The integration of hardware and software is expected to be the prime focus of solution providers. Unified design architecture and cyber-physical systems are expected to witness high demand in the market
  • Developed economies are supporting digitalization to reintroduce industrialization into their turf while developing countries are making investments in smart technologies to comply with international manufacturing standards and trends

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources & Third-Party Perspective
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
Chapter 3 Market Variables, Trends, and Scope
3.1 Market Size and Growth Prospects
3.2 Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Proliferation of internet of things
3.3.1.2 Increasing demand for automation, quality, and efficiency
3.3.1.3 Need for compliance and government support to the digitization
3.3.2 Market restraint/challenge analysis
3.3.2.1 Security concerns
3.4 Key Company Categorization - Europe Smart Manufacturing Solution Providers
3.5 Penetration and Growth Prospect Mapping
3.6 Industry Analysis - Porter’s Five Forces Analysis
3.7 Industry Analysis - PEST
3.8 Key Company Ranking Analysis, 2020
Chapter 4 Component Estimates and Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
4.2 Component Movement Analysis & Market Share, 2020 & 2028
4.3 Hardware
4.3.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.4 Software
4.4.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
4.5 Services
4.5.1 Market size estimates and forecasts, 2016 - 2028 (USD Billion)
Chapter 5 Technology Estimates and Trend Analysis
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
5.2 Technology Movement Analysis & Market Share, 2020 & 2028
5.3 MES
5.3.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.4 PLC
5.4.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.5 ERP
5.5.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.6 SCADA
5.6.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.7 DCS
5.7.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.8 HMI
5.8.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.9 Machine Vision
5.9.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.10 3D Printing
5.10.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.11 PLM
5.11.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
5.12 Plant Asset Management
5.12.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
Chapter 6 End-use Estimates and Trend Analysis
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2028 (USD Billion)
6.2 End-use Movement Analysis & Market Share, 2020 & 2028
6.3 Automotive
6.3.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.4 Aerospace & Defense
6.4.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.5 Chemical & Materials
6.5.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.6 Healthcare
6.6.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.7 Industrial Equipment
6.7.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.8 Electronics
6.8.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.9 Food & Agriculture
6.9.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.10 Oil & Gas
6.10.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
6.11 Others
6.11.1 market size estimates and forecasts, 2016 - 2028 (USD Billion)
Chapter 7 Regional Estimates and Trend Analysis
7.1 Regional Market Size Estimates & Forecasts, 2016 - 2028 (USD Billion)
7.2 Regional Movement Analysis & Market Share, 2020 & 2028
7.3 North America
7.3.1 North America smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.3.2 North America smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.3.3 North America smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.3.4 U.S.
7.3.4.1 U.S. smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.3.4.2 U.S. smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.3.4.3 U.S. smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.3.5 Canada
7.3.5.1 Canada smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.3.5.2 Canada smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.3.5.3 Canada smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.4 Europe
7.4.1 Europe smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.4.2 Europe smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.4.3 Europe smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.4.4 U.K.
7.4.4.1 U.K. smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.4.4.2 U.K. smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.4.4.3 U.K. smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.4.5 Germany
7.4.5.1 Germany smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.4.5.2 Germany smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.4.5.3 Germany smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.5 Asia Pacific
7.5.1 Asia Pacific smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.5.2 Asia Pacific smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.5.3 Asia Pacific smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.5.4 China
7.5.4.1 China smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.5.4.2 China smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.5.4.3 China smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.5.5 India
7.5.5.1 India smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.5.5.2 India smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.5.5.3 India smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.5.6 Japan
7.5.6.1 Japan smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.5.6.2 Japan smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.5.6.3 Japan smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.6 Latin America
7.6.1 Latin America smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.6.2 Latin America smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.6.3 Latin America smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.6.4 Brazil
7.6.4.1 Brazil smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.6.4.2 Brazil smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.6.4.3 Brazil smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.6.5 Mexico
7.6.5.1 Mexico smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.6.5.2 Mexico smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.6.5.3 Mexico smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
7.7 Middle East & Africa
7.7.1 Middle East & Africa smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
7.7.2 Middle East & Africa smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
7.7.3 Middle East & Africa smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Chapter 8 Competitive Landscape
8.1 Company Profiles
8.1.1 ABB
8.1.1.1 Company overview
8.1.1.2 Financial performance
8.1.1.3 Product benchmarking
8.1.1.4 Recent developments
8.1.2 Emerson Electric Co.
8.1.2.1 Company overview
8.1.2.2 Financial performance
8.1.2.3 Product benchmarking
8.1.2.4 Recent developments
8.1.3 Fanuc Corporation
8.1.3.1 Company overview
8.1.3.2 Financial performance
8.1.3.3 Product benchmarking
8.1.3.4 Recent developments
8.1.4 General Electric Co.
8.1.4.1 Company overview
8.1.4.2 Financial performance
8.1.4.3 Product benchmarking
8.1.5 Honeywell International, Inc.
8.1.5.1 Company overview
8.1.5.2 Financial performance
8.1.5.3 Product benchmarking
8.1.5.4 Recent developments
8.1.6 Mitsubishi Electric Corporation
8.1.6.1 Company overview
8.1.6.2 Financial performance
8.1.6.3 Product benchmarking
8.1.6.4 Recent developments
8.1.7 Robert BoschGmbH
8.1.7.1 Company overview
8.1.7.2 Financial performance
8.1.7.3 Product benchmarking
8.1.8 Rockwell Automation, Inc.
8.1.8.1 Company overview
8.1.8.2 Financial performance
8.1.8.3 Product benchmarking
8.1.8.4 Recent developments
8.1.9 Schneider Electric
8.1.9.1 Company overview
8.1.9.2 Financial performance
8.1.9.3 Product benchmarking
8.1.9.4 Recent developments
8.1.10 Siemens
8.1.10.1 Company overview
8.1.10.2 Financial performance
8.1.10.3 Product benchmarking
8.1.10.4 Recent developments
8.1.11 Yokogawa Electric Corporation
8.1.11.1 Company overview
8.1.11.2 Financial performance
8.1.11.3 Product benchmarking
8.1.11.4 Recent developments
List of Tables
Table 1 Smart manufacturing market size estimates & forecasts, 2016 - 2028 (USD Billion)
Table 2 Smart manufacturing market, by region, 2016 - 2028 (USD Billion)
Table 3 Smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 4 Smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 5 Smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 9 Europe key company categorization
Table 10 Smart manufacturing hardware market, by region, 2016 - 2028 (USD Billion)
Table 11 Smart manufacturing software market, by region, 2016 - 2028 (USD Billion)
Table 12 Smart manufacturing services market, by region, 2016 - 2028 (USD Billion)
Table 13 MES market, by region, 2016 - 2028 (USD Billion)
Table 14 PLC market, by region, 2016 - 2028 (USD Billion)
Table 15 ERP market, by region, 2016 - 2028 (USD Billion)
Table 16 SCADA market, by region, 2016 - 2028 (USD Billion)
Table 17 DCS market, by region, 2016 - 2028 (USD Billion)
Table 18 HMI market, by region, 2016 - 2028 (USD Billion)
Table 19 Machine vision market, by region, 2016 - 2028 (USD Billion)
Table 20 3D printing market, by region, 2016 - 2028 (USD Billion)
Table 21 PLM market, by region, 2016 - 2028 (USD Billion)
Table 22 Plant asset management market, by region, 2016 - 2028 (USD Billion)
Table 23 Smart manufacturing market in the automotive sector, by region, 2016 - 2028 (USD Billion)
Table 24 Smart manufacturing market in the aerospace & defense sector, by region, 2016 - 2028 (USD Billion)
Table 25 Smart manufacturing market in the chemical & materials sector, by region, 2016 - 2028 (USD Billion)
Table 26 Smart manufacturing market in the healthcare sector, by region, 2016 - 2028 (USD Billion)
Table 27 Smart manufacturing market in industrial equipment sector, by region, 2016 - 2028 (USD Billion)
Table 28 Smart manufacturing market in the electronics sector, by region, 2016 - 2028 (USD Billion)
Table 29 Smart manufacturing market in the food & agriculture sector, by region, 2016 - 2028 (USD Billion)
Table 30 Smart manufacturing market in the oil & gas sector, by region, 2016 - 2028 (USD Billion)
Table 31 Smart manufacturing market in other sectors, by region, 2016 - 2028 (USD Billion)
Table 32 North America smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 33 North America smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 34 North America Smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 35 U.S. smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 36 U.S. smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 37 U.S. smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 38 Canada smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 39 Canada smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 40 Canada smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 41 Europe smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 42 Europe smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 43 Europe smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 44 U.K. smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 45 U.K. smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 46 U.K. smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 47 Germany smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 48 Germany smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 49 Germany smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 50 Asia Pacific smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 51 Asia Pacific smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 52 Asia Pacific smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 53 China smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 54 China smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 55 China smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 56 India smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 57 India smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 58 India smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 59 Japan smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 60 Japan smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 61 Japan smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 62 Latin America smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 63 Latin America smart manufacturing market, by technology, 2016 - 2028 (USD Billion)
Table 64 Latin America smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 65 Brazil smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 66 Brazil smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
Table 67 Brazil smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 68 Mexico smart manufacturing market, by Component, 2016 - 2028 (USD Billion)
Table 69 Mexico smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
Table 70 Mexico smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
Table 71 Middle East & Africa smart manufacturing market, by component, 2016 - 2028 (USD Billion)
Table 72 Middle East & Africa smart manufacturing market, by Technology, 2016 - 2028 (USD Billion)
Table 73 Middle East & Africa smart manufacturing market, by end-use, 2016 - 2028 (USD Billion)
List of Figures
Fig. 1 Market segmentation
Fig. 2 Information Procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Market formulation and data visualization
Fig. 6 Industry snapshot
Fig. 7 Market size and growth prospects (USD Billion)
Fig. 8 Value chain analysis
Fig. 9 Market dynamics
Fig. 10 Reported cyber incidents, 2018
Fig. 11 Penetration & Growth Prospect Mapping
Fig. 12 Industry Analysis - Porter’s
Fig. 13 Industry Analysis - PEST
Fig. 14 Key company ranking analysis, 2020
Fig. 15 Smart manufacturing market, by component, key takeaways
Fig. 16 Component movement analysis & market share, 2020 & 2028 (USD Billion)
Fig. 17 Smart manufacturing hardware market, 2016 - 2028 (USD Billion)
Fig. 18 Smart manufacturing software market, 2016 - 2028 (USD Billion)
Fig. 19 Smart manufacturing services market, 2016 - 2028 (USD Billion)
Fig. 20 Smart manufacturing market, by technology, key takeaways
Fig. 21 Technology movement analysis & market share, 2020 & 2028 (USD Billion)
Fig. 22 MES market, 2016 - 2028 (USD Billion)
Fig. 23 PLC market, 2016 - 2028 (USD Billion)
Fig. 24 ERP market, 2016 - 2028 (USD Billion)
Fig. 25 SCADA market, 2016 - 2028 (USD Billion)
Fig. 26 DCS market, 2016 - 2028 (USD Billion)
Fig. 27 HMI market, 2016 - 2028 (USD Billion)
Fig. 28 Machine vision market, 2016 - 2028 (USD Billion)
Fig. 29 3D printing market, 2016 - 2028 (USD Billion)
Fig. 30 PLM market, 2016 - 2028 (USD Billion)
Fig. 31 Plant asset management market, 2016 - 2028 (USD Billion)
Fig. 32 Smart manufacturing market, by end-use, key takeaways
Fig. 33 End-use movement analysis & market share, 2020 & 2028 (USD Billion)
Fig. 34 Smart manufacturing market in the automotive sector, 2016 - 2028 (USD Billion)
Fig. 35 Smart manufacturing market in the aerospace & defense sector, 2016 - 2028 (USD Billion)
Fig. 36 Smart manufacturing market in the chemical & materials sector, 2016 - 2028 (USD Billion)
Fig. 37 Smart manufacturing market in the healthcare sector, 2016 - 2028 (USD Billion)
Fig. 38 Smart manufacturing market in the industrial equipment sector, 2016 - 2028 (USD Billion)
Fig. 39 Smart manufacturing market in the electronics sector, 2016 - 2028 (USD Billion)
Fig. 40 Smart manufacturing market in the food & agriculture sector, 2016 - 2028 (USD Billion)
Fig. 41 Smart manufacturing market in the oil & gas sector, 2016 - 2028 (USD Billion)
Fig. 42 Smart manufacturing market in other sectors, 2016 - 2028 (USD Billion)
Fig. 43 Regional market size estimates & forecasts, 2016 - 2028 (USD Billion)
Fig. 44 Regional movement analysis & market share, 2020 & 2028 (USD Billion)
Fig. 45 North America smart manufacturing market by country, 2020 & 2028
Fig. 46 Europe smart manufacturing market by country, 2020 & 2028
Fig. 47 Asia Pacific smart manufacturing market by country, 2020 & 2028
Fig. 48 Latin America smart manufacturing market by country, 2020 & 2028
Fig. 49 Middle East & Africa smart manufacturing market by country, 2020 & 2028

Companies Mentioned

  • ABB
  • Emerson Electric Co.
  • Fanuc Corporation
  • General Electric Co.
  • Honeywell International, Inc.
  • Mitsubishi Electric Corporation
  • Robert BoschGmbH
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens
  • Yokogawa Electric Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages128
PublishedMay 2021
Forecast Period2021 - 2028
Estimated Market Value ( USD ) in 2021 $ 259.63 billion
Forecasted Market Value ( USD ) by 2028 $ 589.98 billion
Compound Annual Growth Rate12.4%
Regions CoveredGlobal
No. of Companies Mentioned11

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