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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 2023

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 2023

“Smart manufacturing market is expected to grow at a significant CAGR from 2018 to 2023”
The smart manufacturing market is expected to be worth USD 170.78 billion by 2018 and USD 299.19 billion by 2023, growing at a CAGR of 11.9% from 2018 to 2023. Major factors driving the growth of the smart manufacturing market include Industry 4.0, increasing use of industrial automation in manufacturing, government investments supporting industrial automation, rising emphasis on regulatory compliances, increased complexities in supply chain, and increasing demand for software systems that reduce time and cost. However, threats related to cybersecurity, complexities in implementing smart manufacturing systems, lack of awareness about benefits of adopting information and enabling technologies, and lack of skilled workforce pose challenges to the growth of the market.

“Market for collaborative robots is expected to grow at the highest CAGR amongst enabling technologies from 2018 to 2023”
The collaborative robots market is expected to grow at the highest CAGR from 2018 to 2023. Collaborative robots are used to perform autonomous or semiautonomous tasks for a variety of applications such as assembly, pick and place, handling, packaging and palletizing, quality testing, machine tending, gluing and welding, lab analysis, painting and polishing, screw driving, and injection molding. Assembly plays a vital role in manufacturing and automation. Collaborative robots have a broad scope in assembly operations as they can grasp the basics of working easily. Collaborative robots can reduce the time of an assembly through their repeatability, accuracy, speed, reach, and material handling capacity. Collaborative robots offer the benefit of greater precision over other types of robots.

“Market for enterprise manufcaturing intelligence is expected to grow at the highest CAGR amongst information technologies from 2018 to 2023”
In the process industry, manufacturers’ aim for consistency, efficiency, and quality of process inputs to achieve highest yield. EMI software assists these manufacturers to optimize their manufacturing processes in real-time and help drive greater yields and ensure product quality consistently. Individual or separate production units often characterize discrete industries, wherein produce is in low volume with very high complexity or in high volume with low complexity. With continuous changes in materials, technologies, and markets, these manufacturing plants need to be highly efficient, productive, and flexible. The implementation of EMI in these sectors ensures optimal supply-chain management through the integration of production processes. It automates production processes and helps reduce manufacturing costs.

“APAC to hold the largest share of the global smart manufacturing market during the forecast period”
APAC is expected to hold the largest share of the smart manufacturing market from 2018 to 2023. Rapid industrialization in APAC has boosted the manufacturing sector in APAC. APAC countries have a presence of a large number of small- and mid-sized enterprises (SMEs), which employ more than 70% of the total population in the countries. The need for huge investments for successful implementation of industrial control systems security projects restricts SMEs from adopting a strong security practice within their organizations. However, factors such as increasing complexity of businesses, unregulated nature of the Internet, and growth in the adoption of BYOD are expected to encourage SMEs to adopt industrial control system solutions extensively.

Breakdown of the profiles of primary participants for the report has been given below:
By Company Type: Tier 1 = 53%, Tier 2 = 27%, and Tier 3 = 20%
By Designation: C-Level Executives = 47%, Directors = 34%, and Others = 19%
By Region: North America = 42%, Europe= 27%, APAC = 25%, and RoW = 6%

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

Research Coverage
The research report analyzes the smart manufacturing market based on information technology, enabling technology, industry, and geography. Based on information technology, the smart manufacturing market has been classified into human machine interface (HMI), enterprise manufacturing intelligence (EMI), plant asset management (PAM), industrial communications, warehouse management system (WMS), and manufacturing execution system (MES). Based on enabling technology, the market has been segmented into industrial 3D printing, collaborative robots, IIoT, AI in manufacturing, machine condition monitoring, industrial machine vision, industrial cybersecurity, digital twin, and automated guided vehicles (AGVs). Based on industry, the market has been classified into process and discrete industries. The report covers the market segmented into 4 regions—North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:
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.
Major drivers, restraints, opportunities, and challenges pertaining to the smart manufacturing market have been detailed in this report.
The report includes a detailed competitive landscape, along with the profiles of key market players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY & PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN SMART MANUFACTURING MARKET
    • SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
    • SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY
    • SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY
    • SMART MANUFACTURING MARKET IN APAC, BY INFORMATION TECHNOLOGY AND COUNTRY
    • SMART MANUFACTURING MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
    • INTRODUCTION
      • Table SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY REGION, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY PROCESS INDUSTRY, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGY, BY DISCRETE INDUSTRY, 2015-2023 (USD BILLION)
    • HUMAN MACHINE INTERFACE
      • BY OFFERING
      • BY CONFIGURATION TYPE
        • Table INFORMATION TECHNOLOGY MARKET FOR HMI, BY REGION, 2015-2023 (USD BILLION)
        • Table INFORMATION TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table INFORMATION TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
    • ENTERPRISE MANUFACTURING INTELLIGENCE
      • Table INFORMATION TECHNOLOGY MARKET FOR EMI, BY REGION, 2015-2023 (USD BILLION)
      • Table INFORMATION TECHNOLOGY MARKET FOR EMI, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
      • Table INFORMATION TECHNOLOGY MARKET FOR EMI, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
      • BY OFFERING
      • BY DEPLOYMENT TYPE
    • PLANT ASSET MANAGEMENT
      • Table INFORMATION TECHNOLOGY MARKET FOR PAM, BY REGION, 2015-2023 (USD BILLION)
      • Table INFORMATION TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
      • Table INFORMATION TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
      • BY OFFERING
      • BY DEPLOYMENT
      • BY ASSET TYPE
    • MANUFACTURING EXECUTION SYSTEM
      • BY DEPLOYMENT TYPE
      • BY OFFERING
        • Table INFORMATION TECHNOLOGY MARKET FOR MES, BY REGION, 2015-2023 (USD BILLION)
        • Table INFORMATION TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table INFORMATION TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2015-2023 (USD BILLION)
    • INDUSTRIAL COMMUNICATIONS
      • BY OFFERING
        • Table INFORMATION TECHNOLOGY MARKET FOR INDUSTRIAL COMMUNICATIONS, BY REGION, 2015-2023 (USD BILLION)
        • Table INFORMATION TECHNOLOGY MARKET FOR INDUSTRIAL COMMUNICATIONS, BY PROCESS INDUSTRY, 2015-2023 (USD BILLION)
        • Table INFORMATION TECHNOLOGY MARKET FOR INDUSTRIAL COMMUNICATIONS, BY DISCRETE INDUSTRY, 2015-2023 (USD BILLION)
      • COMMUNICATIONS PROTOCOL
    • WAREHOUSE MANAGEMENT SYSTEM
      • BY OFFERING
      • BY IMPLEMENTATION TYPE
      • BY TIER TYPE
        • Table INFORMATION TECHNOLOGY MARKET FOR WMS, BY REGION, 2015-2023 (USD BILLION)
        • Table INFORMATION TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table INFORMATION TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
  • SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY
    • INTRODUCTION
      • Table SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY REGION, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY PROCESS INDUSTRY, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR ENABLING TECHNOLOGY, BY DISCRETE INDUSTRY, 2015-2023 (USD BILLION)
    • INDUSTRIAL 3D PRINTING
      • BY OFFERING
      • BY APPLICATION
      • BY PROCESS
      • BY TECHNOLOGY
        • Table ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL 3D PRINTING, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
    • COLLABORATIVE ROBOTS
      • BY PAYLOAD CAPACITY
      • BY APPLICATION
        • Table ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY REGION, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR COLLABORATIVE ROBOTS, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
    • IIOT
      • BY TECHNOLOGY
      • BY SOFTWARE
        • Table ENABLING TECHNOLOGY MARKET FOR IIOT, BY REGION, 2015-2023 (USD BILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR IIOT, BY PROCESS INDUSTRY, 2015-2023 (USD BILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR IIOT, BY DISCRETE INDUSTRY, 2015-2023 (USD BILLION)
    • AI IN MANUFACTURING
      • BY OFFERING
      • BY TECHNOLOGY
      • BY APPLICATION
        • Table ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY REGION, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR AI IN MANUFACTURING, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
    • MACHINE CONDITION MONITORING
      • BY MONITORING TECHNIQUE
      • BY OFFERING
      • BY DEPLOYMENT TYPE
        • Table ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY REGION, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR MACHINE CONDITION MONITORING, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
    • INDUSTRIAL MACHINE VISION
      • BY COMPONENT
      • BY PRODUCT
      • BY APPLICATION
        • Table ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY REGION, 2015-2023 (USD BILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY PROCESS INDUSTRY, 2015-2023 (USD BILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL MACHINE VISION, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
    • INDUSTRIAL CYBERSECURITY
      • BY TYPE
      • BY PRODUCT
      • BY SOLUTION AND SERVICE
        • Table ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY REGION, 2015-2023 (USD BILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR INDUSTRIAL CYBERSECURITY, BY PROCESS INDUSTRY, 2015-2023 (USD BILLION)
    • DIGITAL TWIN
      • Table ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN, BY REGION, 2016-2023 (USD BILLION)
      • Table ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN, BY PROCESS INDUSTRY, 2016-2023 (USD MILLION)
      • Table ENABLING TECHNOLOGY MARKET FOR DIGITAL TWIN, BY DISCRETE INDUSTRY, 2016-2023 (USD MILLION)
    • AUTOMATED GUIDED VEHICLE
      • BY TYPE
      • BY NAVIGATION TECHNOLOGY
      • BY APPLICATION
      • BY BATTERY TYPE
        • Table ENABLING TECHNOLOGY MARKET FOR AGV, BY REGION, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR AGV, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR AGV, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
    • BLOCKCHAIN IN MANUFACTURING
      • BY APPLICATION
        • Table ENABLING TECHNOLOGY MARKET FOR BLOCKCHAIN IN MANUFACTURING, BY REGION, 2020-2025 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR BLOCKCHAIN IN MANUFACTURING, BY PROCESS INDUSTRY, 2020-2025 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR BLOCKCHAIN IN MANUFACTURING, BY DISCRETE INDUSTRY, 2020-2025 (USD MILLION)
    • AR AND VR IN MANUFACTURING
      • BY TECHNOLOGY
      • BY OFFERING
      • BY DEVICE TYPE
        • Table ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY REGION, 2015-2023 (USD BILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY PROCESS INDUSTRY, 2015-2023 (USD MILLION)
        • Table ENABLING TECHNOLOGY MARKET FOR AR & VR IN MANUFACTURING, BY DISCRETE INDUSTRY, 2015-2023 (USD MILLION)
  • SMART MANUFACTURING MARKET, BY INDUSTRY
    • INTRODUCTION
    • PROCESS INDUSTRY
      • Table SMART MANUFACTURING MARKET, BY PROCESS INDUSTRY, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY INFORMATION TECHNOLOGY, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR PROCESS INDUSTRY, BY ENABLING TECHNOLOGY, 2015-2023 (USD BILLION)
      • OIL & GAS
      • FOOD & BEVERAGES
      • PHARMACEUTICALS
      • CHEMICALS
      • ENERGY & POWER
      • METALS & MINING
      • PULP & PAPER
      • OTHERS
    • DISCRETE INDUSTRY
      • Table SMART MANUFACTURING MARKET, BY DISCRETE INDUSTRY, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY INFORMATION TECHNOLOGY, 2015-2023 (USD BILLION)
      • Table SMART MANUFACTURING MARKET FOR DISCRETE INDUSTRY, BY ENABLING TECHNOLOGY, 2015-2023 (USD MILLION)
      • AUTOMOTIVE
      • AEROSPACE & DEFENSE
      • SEMICONDUCTOR & ELECTRONICS
      • MEDICAL DEVICES
      • MACHINE MANUFACTURING
      • OTHERS
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table SMART MANUFACTURING MARKET, BY REGION, 2015-2023 (USD BILLION)
    • NORTH AMERICA
      • Table SMART MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD BILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table SMART MANUFACTURING MARKET IN EUROPE, BY COUNTRY, 2015-2023 (USD BILLION)
      • UK
      • GERMANY
      • FRANCE
      • REST OF EUROPE
    • APAC
      • Table SMART MANUFACTURING MARKET IN APAC, BY COUNTRY, 2015-2023 (USD BILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
    • ROW
      • Table SMART MANUFACTURING MARKET IN ROW, BY REGION, 2015-2023 (USD BILLION)
      • SOUTH AMERICA
      • MIDDLE EAST
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: SMART MANUFACTURING MARKET
      • Table RANKING OF KEY PLAYERS IN SMART MANUFACTURING MARKET, 2017
    • COMPETITIVE SITUATION & TRENDS
      • AGREEMENTS, MERGERS, JOINT VENTURES, AND PARTNERSHIPS
      • PRODUCT LAUNCHES & DEVELOPMENTS
      • EXPANSIONS
      • ACQUISITIONS
  • COMPANY PROFILES
    • KEY PLAYERS
      • STRATATYS
      • 3D SYSTEMS
      • DAIFUKU
      • JBT
      • CISCO
      • IBM
      • HONEYWELL
      • ABB
      • ROCKWELL
      • GE
      • SCHNEIDER
      • SIEMENS
      • EMERSON
      • ORACLE
      • SAP
      • YOKOGAWA
    • OTHER KEY PLAYERS
      • COGNEX
      • GOOGLE
      • INTEL
      • KEYENCE
      • NVIDIA
      • PTC
      • SAMSUNG
      • SONY
      • UNIVERSAL ROBOTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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