Smart Manufacturing Market to see Rapid Growth by 2029

The global smart manufacturing market is growing at a significant CAGR of around 12.8% during the forecast period. The market is driven by the rising acceptance of automation in the manufacturing processes, backed by the increasing complexities in supply chain in the industries. In addition, increasing adoption of AI, IoT, industry 4.0, is offering growth opportunity to the smart manufacturing market. The market players are investing a huge amount in a wide range of innovative technologies such as robotic automation, autonomous vehicles, assistance technology, and quality control and predictive analysis. For instance, Siemen’s robotic prototype automatically reads and follows Computer-Aided Design (CAD) instructions to build the products without programming and is used in shop floor work.

A significant rise in big data has contributed to the adoption of big data analytics in manufacturing. With the growing digitalization across the globe, big data is on a continuous rise. Big data is quickly becoming a significant element of the fourth generation of ERP technology. According to the World Economic Forum, the connected world is producing data at a pace that is unprecedented in human history. Manufacturers expect big data analytics to have a huge impact on company’s performance. To remain competitive, manufacturers are embracing big data analytics, which is driving significant growth to the market.

To Request a Sample of our Report on Smart Manufacturing Market:  https://www.omrglobal.com/request-sample/smart-manufacturing-market

Smart Manufacturing Market Segmentation

By Component 

·        Hardware

·        Software & Services

By Technology

·        Programmable Logic Controller (PLC)

·        Supervisory Controller and Data Acquisition (SCADA)

·        Machine Vision

·        Distributed Control System (DCS)

·        Product Lifecycle Management (PLM)

·        Others (3D Printing)

By End-Use Industry

·        Healthcare

·        Automotive

·        Aerospace & Defense

·        Oil & Gas

·        Food & Beverages

·        Others (Chemical and Metals and Mining) 

A full Report of Smart Manufacturing Market is Available @  https://www.omrglobal.com/industry-reports/smart-manufacturing-market

Regional Analysis                                                                                                                                                                            

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

·        ABB Ltd.

·        Cisco Systems, Inc.

·        DXC Technology Co.

·        Emerson Electric Co.

·        Fanuc Corp.

·        Fujitsu Ltd.

·        General Electric Co.

·        Honeywell International, Inc.

·        IBM Corp.

·        Intel Corp.

·        Larsen & Toubro Infotech Ltd.

·        Mitsubishi Electric Corp.

·        Oracle Corp.

·        Robert Bosch GmbH

·        Rockwell Automation, Inc.

·        SAP SE

·        Schneider Electric SE

·        Siemens AG

·        Wipro Ltd.

·        Yokogawa Electric Corp.

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3.  Over 100+ paid data sources mined for investigation.

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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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