Market Research Logo

North America Smart Manufacturing Market Forecast 2019-2027

North America Smart Manufacturing Market Forecast 2019-2027

KEY FINDINGS

The North America smart manufacturing market is expected to grow at a CAGR of 7.87% during the forecast period 2019-2027. The regional market has been valued $ XX billions in 2018 and is expected to reach $ XX billions by 2027.

MARKET INSIGHTS

The major contributors to the $ xx billion valued North American smart manufacturing market are that of the United States and Canada. The former has the largest market for smart manufacturing as well as the fastest growing one in this region. The increasing pressure to compete with global manufacturing powerhouses of that of China & India is resulting in the quick adoption of technology and digitalization by the local manufacturers of the U.S. as the major strategic take for its long-term sustainability in the global arena. Also, the immense potential offered by numerous merging technologies like the Internet of Things (IoT), cloud computing, etc. has opened new opportunities for manufacturing industries to monitor and control their operations.

COMPETITIVE INSIGHTS

The major companies from the North American region contributing massively to the smart manufacturing market in are Siemens AG, Schneider Electric SE, Emerson Electric Co., Fanuc Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, ABB Ltd., Rockwell Automation Inc., Yokogawa Electric Corporation, General Electric Company and Robert Bosch GmBH.


1. Research Scope
1.1. Study Goals
1.2. Scope Of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-down Approach
2.3. Bottom-up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Software Component Is Projected To Grow At A Significant Cagr
3.2.2. 3d Printing Technology Is Expected To Show Highest Growth Rate
3.2.3. Automotive Is The Largest And The Fastest Growing End User In The Smart Manufacturing Market
4. Market Dynamics
4.1. Market Definition & Scope
4.2. Market Drivers
4.2.1. Rapid Growth Of Internet Of Things
4.2.2. Rising Demand For Automation, Quality And Efficiency
4.2.3. Requirement Of Compliance And Government Support For Digitization
4.3. Market Restraints
4.3.1. Security Concerns
4.3.2. High Capital Investment Required For Setting Up Smart Manufacturing
4.4. Market Opportunities
4.4.1. Continuous Growth Of The Aerospace And Defense Industry
4.4.2. Preference Of Customer Towards Durable And Cheap Products
4.5. Market Challenges
4.5.1. Collection Of Irrelevant Data Lead To Poor Analysis Of Problem
4.5.2. Smart Manufacturing Leading To Unemployment
5. Market By Component
5.1. Hardware
5.2. Software
5.3. Services
6. Market By Technology
6.1. Mes (Manufacturing Execution System)
6.2. Plc (Programmable Logic Controller)
6.3. Erp (Enterprise Resource Planning)
6.4. Scada (Supervisory Control And Data Acquisition)
6.5. Dcs (Distributed Control System)
6.6. Hmi (Human-machine Interface)
6.7. Machine Vision
6.8. 3d Printing
6.9. Plm (Product Lifecycle Management)
6.10. Pam (Purchase Activated Manufacturing)
7. Market By End User
7.1. Automotive
7.2. Aerospace & Defense
7.3. Chemicals & Materials
7.4. Healthcare
7.5. Industrial Equipment
7.6. Electronics
7.7. Food & Agriculture
7.8. Oil & Gas
7.9. Others
8. Key Analytics
8.1. Porter’s Five Force Model
8.1.1. Threat Of New Entrants
8.1.2. Threat Of Substitute
8.1.3. Bargaining Power Of Suppliers
8.1.4. Bargaining Power Of Buyers
8.1.5. Threat Of Competitive Rivalry
8.2. Opportunity Matrix
8.3. Vendor Landscape
9. Geographical Analysis
9.1. North America
9.1.1. United States
9.1.2. Canada
10. Competitive Landscape
10.1. Company Profile
10.1.1. Abb Ltd.
10.1.2. Emerson Electric Co.
10.1.3. Fanuc Corporation
10.1.4. General Electric Company
10.1.5. Honeywell International Inc.
10.1.6. Mitsubishi Electric Corporation
10.1.7. Robert Bosch Gmbh
10.1.8. Rockwell Automation Inc.
10.1.9. Schneider Electric Se
10.1.10. Siemens Ag
10.1.11. Yokogawa Electric Corporation
List Of Table
s
Table 1 North America Smart Manufacturing Market, By Country, 2019-2027, (In $ Billion)
Table 2 North America Smart Manufacturing Market, By Component, 2019-2027, (In $ Billion)
Table 3 North America Smart Manufacturing Market, By Technology, 2019-2027, (In $ Billion)
Table 4 North America Smart Manufacturing Market, By End User, 2019-2027, (In $ Billion)
Table 5 Opportunity Matrix
Table 6 Vendor Landscape
Table 7 North America Smart Manufacturing Market, By Country, 2019-2027 (In $ Billion)
List Of Figures
Figure 1 North America Smart Manufacturing Market Share, By End User, 2018 & 2027 (%)
Figure 2 Software Component Of Smart Manufacturing Market, 2019 - 2027 (In $ Billion)
Figure 3 3d Printing For Smart Manufacturing Market, 2019 - 2027 (In $ Billion)
Figure 4 Automotive Smart Manufacturing Market ($ Billion)
Figure 5 North America Smart Manufacturing Market, By Dcs, 2019-2027, (In $ Billion)
Figure 6 North America Smart Manufacturing Market, By Hmi, 2019-2027, (In $ Billion)
Figure 7 North America Smart Manufacturing Market, By Machine Vision, 2019-2027, (In $ Billion)
Figure 8 North America Smart Manufacturing Market, By 3d Printing, 2019-2027, (In $ Billion)
Figure 9 North America Smart Manufacturing Market, By Plm, 2019-2027, (In $ Billion)
Figure 10 North America Smart Manufacturing Market, By Pam, 2019-2027, (In $ Billion)
Figure 11 North America Smart Manufacturing Market, By Automotive Sector, 2019-2027, (In $ Billion)
Figure 12 North America Smart Manufacturing Market, By Aerospace & Defense Sector, 2019-2027, (In $ Billion)
Figure 13 North America Smart Manufacturing Market, By Chemicals & Materials Sector, 2019-2027, (In $ Billion)
Figure 14 North America Smart Manufacturing Market, By Healthcare Sector, 2019-2027, (In $ Billion)
Figure 15 North America Smart Manufacturing Market, By Industrial Equipment Sector, 2019-2027, (In $ Billion)
Figure 16 North America Smart Manufacturing Market, By Electronics Sector, 2019-2027, (In $ Billion)
Figure 17 North America Smart Manufacturing Market, By Food & Agriculture Sector, 2019-2027, (In $ Billion)
Figure 18 North America Smart Manufacturing Market, By Oil & Gas Sector, 2019-2027, (In $ Billion)
Figure 19 North America Smart Manufacturing Market, By Other Sector, 2019-2027, (In $ Billion)
Figure 20 Porter’s Five Force Model
Figure 21 North America Smart Manufacturing Market, Regional Outlook, 2018 & 2027, (%)
Figure 22 United States Smart Manufacturing Market, 2019-2027 (In $ Billion)
Figure 23 Canada Smart Manufacturing Market, 2019-2027 (In $ Billion)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report