COVID-19 Impact on 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

COVID-19 Impact on 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

“Smart manufacturing market is expected to grow at CAGR which is lower than pre-COVID-19 evaluations from 2020 to 2025.”
Post COVID-19, the global smart manufacturing market size is expected to be worth USD 181.3 billion by 2020 and USD 220.4 billion by 2025, growing at a CAGR of 4.0% from 2020 to 2025. The estimation for 2020 is down by approximately 16% as compared to pre-COVID-19 evaluations.
Factors that drive the growth of the smart manufacturing market include the increasing demand for smart manufacturing products & solution propelled by COVID-19, the importance of digital twin in maintaining operations within the manufacturing ecosystem, and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors.

“The post-COVID-19 market for collaborative robots is expected to witness positive growth in 2020 as compared with 2019.”
Collaborative robots are used in manufacturing activities where they coexist with humans and other machines to enhance and optimize manufacturing operations. Apart from the automobile industry, collaborative robots can also be used in other sectors, which has led to their increased demand even during the pandemic. However, their market growth is expected to be below the growth estimated during pre-COVID-19. During this pandemic, increased usage of collaborative robots is expected to boost the manufacturing of various products and devices such as ventilators, respirators, valves, masks, and other life-essential goods. Despite its positive growth in 2020, it would be difficult for collaborative robot sales to reach the estimates pre-COVID-19.

“Automotive sales are expected to decline in 2020 as compared to 2019.”
The spread of COVID-19 has impacted the automotive sector. Automobile manufacturing plants across Europe and North America are either non-operational or have reduced their production. Lockdown in China has led to the shortage of various parts used in automobiles as most of the spare parts are procured from the country. Electric vehicle production has also been hampered owing to the scarcity of lithium-ion batteries and other key components, which are supplied by China. Thus, the demand for automobiles will remain low for the next 1–2 quarters.

Smart manufacturing solutions are an important and significant aspect of the automotive industry. However, the anticipated decline in the revenue of the automotive industry is expected to result in reduced demand for smart manufacturing products and solutions. Companies are currently in a race to save operations and cash flows instead of investing in any new project. We may see a positve response in terms of the demand for smart manufacturing products and solutions 1-2 quarters after the lockdown is over.

“APAC to continue to hold the largest share of the global smart manufacturing market during the forecast period.”
APAC is expected to continue to account for the largest share of the global smart manufacturing industry from 2020 to 2025. Rapid industrialization in APAC has boosted the manufacturing sector in APAC. Countries in APAC have the presence of a large number of small- and mid-sized enterprises (SMEs), which employ more than 70% of the total population in the countries. However, due to COVID-19, the market size of smart manufacturing in APAC is expected to lower in 2020; but its market share among other regions will continue to remain high. The APAC market is expected to recover only after 2021, but it will be challenging to attain the market size estimated pre-COVID-19.

Breakdown of the profiles of primary participants for the report has been given below:
By Company Type: Tier 1 = 39%, Tier 2 = 41%, and Tier 3 = 20%
By Designation: C-Level Executives = 42%, Directors = 36%, and Others = 22%
By Region: North America = 34%, Europe= 24%, APAC = 22%, and RoW = 20%

The key players operating in the global smart manufacturing market are 3D Systems (US), ABB (Switzerland), Cisco (US), Emerson (US), General Electric (US), Honeywell (US), IBM (US), Oracle (US), Rockwell (US), SAP (Germany), Schneider (France), Siesmens (Germany), and Yokogawa (Japan).

Research Coverage
This report covers the COVID-19 impact on the smart manufacturing market based on information technology, enabling technology, industry, and geography. It also discusses the supply chain, drivers, and challenges pertaining to the smart manufacturing market.

Reasons to Buy the Report:
The illustrative segmentation, analysis, and forecast of the market based on information technology, enabling technology, industry, and geography have been conducted to give an overall view of the smart manufacturing market considering detailed impact analysis of COVID-19
Impact on supply chain analysis and market dynamics, i.e., drivers, restraints, opportunities, and challenges pertaining to the smart manufacturing market, have been discussed in detail in this report.


  • INTRODUCTION
    • COVID-19 HEALTH ASSESSMENT
    • COVID-19 ECONOMIC ASSESSMENT
      • COVID-19 IMPACT ON ECONOMY-SCENARIO ASSESSMENT
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • PRE-COVID-19
    • REALISTIC SCENARIO
    • PESSIMISTIC SCENARIO
    • OPTIMISTIC SCENARIO
  • COVID-19 IMPACT ON SMART MANUFACTURING ECOSYSTEM
    • INTRODUCTION
      • SMART MANUFACTURING MARKET: SHIFT IN CLIENT'S CLIENT BUSINESS ECOSYSTEM
    • IMPACT ON VALUE CHAIN
      • DISRUPTION IN SUPPLY CHAIN OF MANUFACTURING INDUSTRY
      • COMPONENT MANUFACTURER ECOSYSTEM
      • SYSTEM INTEGRATOR ECOSYSTEM
    • STRATEGIES TO MINIMIZE IMPACT OF COVID-19
      • REAL-TIME VISIBILITY OF SUPPLY CHAIN
      • EFFECTIVE IMPLEMENTATION OF ENABLING TECHNOLOGIES
      • TEMPORARY SHIFT TO MANUFACTURING OF ESSENTIAL ITEMS
    • MACROECONOMIC INDICATORS, BY MAJOR COUNTRIES
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
        • Table WORLD GDP GROWTH PROJECTION FOR 2020 AND 2021 (YEAR-ON-YEAR % CHANGE)
  • COVID-19 IMPACT ON SMART MANUFACTURING MARKET, BY TECHNOLOGY
    • INTRODUCTION
    • SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
      • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY, 2017-2025 (USD BILLION)
      • COLLABORATIVE ROBOTS
        • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY COLLABORATIVE ROBOT, 2017-2025 (USD BILLION)
      • DIGITAL TWIN
        • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY DIGITAL TWIN, 2017-2025 (USD BILLION)
      • INDUSTRIAL 3D PRINTING
        • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY INDUSTRIAL 3D PRINTING, 2017-2025 (USD BILLION)
      • MACHINE CONDITION MONITORING
        • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY MACHINE CONDITION MONITORING, 2017-2025 (USD BILLION)
      • OTHERS
        • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY OTHER ENABLING TECHNOLOGY, 2017-2025 (USD BILLION)
    • SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
      • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2017-2025 (USD BILLION)
      • MANUFACTURING EXECUTION SYSTEM
        • Table PRE- AND POST-COVID-19 ANALYSIS OF SMART MANUFACTURING MARKET, BY MANUFACTURING EXECUTION SYSTEM, 2017-2025 (USD BILLION)
      • PLANT ASSET MANAGEMENT
        • Table PRE- AND POST-COVID-19 ANALYSIS OF SMART MANUFACTURING MARKET, BY PLANT ASSET MANAGEMENT, 2017-2025 (USD BILLION)
      • WAREHOUSE MANAGEMENT SYSTEM
        • Table PRE- AND POST-COVID-19 ANALYSIS OF SMART MANUFACTURING MARKET, BY WAREHOUSE MANAGEMENT SYSTEM, 2017-2025 (USD BILLION)
      • OTHERS
        • Table PRE- AND POST-COVID-19 ANALYSIS OF SMART MANUFACTURING MARKET, BY OTHER INFORMATION TECHNOLOGY, 2017-2025 (USD BILLION)
  • COVID-19 IMPACT ON SMART MANUFACTURING MARKET, BY INDUSTRY
    • INTRODUCTION
    • LEAST IMPACTED INDUSTRIES BY COVID-19
      • PHARMACEUTICALS
        • Table STEPS TAKEN BY PHARMACEUTICALS INDUSTRY TO REDUCE IMPACT OF COVID-19
      • MEDICAL DEVICES
        • Table STEPS TAKEN BY MEDICAL DEVICES INDUSTRY TO DE-RISK IMPACT OF COVID-19
    • MOST IMPACTED INDUSTRIES BY COVID-19
      • AVIATION
        • Table STEPS TAKEN BY AVIATION INDUSTRY TO DE-RISK IMPACT OF COVID-19
      • AUTOMOTIVE
        • Table STEPS TAKEN BY AUTOMOTIVE INDUSTRY TO DE-RISK IMPACT OF COVID-19
    • ESTIMATION OF SMART MANUFACTURING MARKET
    • PROCESS INDUSTRY
      • Table SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2017-2025, (USD BILLION)
    • DISCRETE INDUSTRY
      • Table SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2017-2025, (USD BILLION)
  • COVID-19 IMPACT ON SMART MANUFACTURING, BY GEOGRAPHY
    • INTRODUCTION
      • Table SMART MANUFACTURING MARKET, BY REGION, 2017-2025 (USD BILLION)
    • NORTH AMERICA
      • US
      • CANADA
        • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET IN NORTH AMERICA, 2017-2025 (USD BILLION)
    • EUROPE
      • GERMANY
      • UK
      • FRANCE
        • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET IN EUROPE, 2017-2025 (USD BILLION)
    • APAC
      • CHINA
      • JAPAN
      • SOUTH KOREA
        • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET IN APAC, 2017-2025 (USD BILLION)
    • ROW
      • Table PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET IN ROW, 2017-2025 (USD BILLION)
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • CISCO
      • BUSINESS OVERVIEW
      • COVID-19 RELATED DEVELOPMENTS
    • EMERSON
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • FANUC
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • GE
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • HEWLETT PACKARD ENTERPRISE
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • HONEYWELL
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • IBM
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • INTEL
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • MICROSOFT CORPORATION
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • MITSUBISHI
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • ORACLE
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • PTC
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • ROCKWELL AUTOMATION
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • SAP
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • SIEMENS
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • STRATASYS
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • UNIVERSAL ROBOTS
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • YOKOGAWA
      • BUSINESS OVERVIEW
      • COVID-19-RELATED DEVELOPMENTS
    • SHORT-TERM AND LONG-TERM STRATEGIES
      • SHORT-TERM STRATEGIES
      • LONG-TERM STRATEGIES
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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