Smart Manufacturing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Services); By Technology; By End-Use; By Region; Segment Forecast, 2022 - 2030
Description
The global smart manufacturing market size is expected to reach USD 1,003.98 billion by 2034, according to a new study by Polaris Market Research. The report “Smart Manufacturing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Services); By Technology; By End Use; By Region; Segment Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Automation and IIoT are major systems for modern factories. Through this companies are able to analyze real-time data for predictive maintainance needs and performance before a breakdown with the help pf smart sensors on machinery. Businesses are investing in these technologies to upgrade by adopting such tools for smart manufacturing to enhance efficiency and maintain their market presence. Thus, this shift to predictive management reduces downtime and wastage of resources.
Regulatory authorities has boosted the demand for these manufacturing units by offering incentived for companies to adopt automation to boost productivity and competitiveness. The demand for these industrial tools that align to work tirelessly with high precision contribute to the growth factor. Moreover, it puts pressure on other industries to remain competitive for market expansion as companies shift towards automation. Numerous market competitors are introducing innovative products to expand their business operations worldwide. For instance, in April 2021, Confirm introduced a successful implementation of the Future Wireless Innovation Test-Bed. It is designed and deployed to enhance the smart manufacturing environment by opting for wireless technologies like Wifi6, 6G, and 5G.
Based on components, the software segment holds the highest shares in the global industry in 2024, owing to the arrival of AI-driven systems and analytics. In contrast, the hardware segment is projected to rise significantly in the forecasting period due to the increasing availability of the IIoT enabling systems and machines, VR devices, robots, 3D printers, and others.
The rising demand for industrial robots is one of the major driving factors for smart manufacturing industry growth. Industrial robots carry out various activities such as product inspection, management of stock, and assembling different types of machinery. Therefore, the growing adoption of industrial robots may accelerate the demand for smart manufacturing over the forecasting years.
Industry participants such as ABB, 3D Systems, Inc., Cisco Systems, Emerson Electric Co., Cognex Corporation, FANUC, Honeywell International Inc., General Electric, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Robert Bosch GmbH, SAP, Schneider Electric, Stratasys Ltd., Siemens, and Yokogawa Electric Corporation are some of the key players operating in the global market.
Polaris market research has segmented the smart manufacturing market report on the basis of component, technology, end-use, and region:
Smart Manufacturing, Component Outlook (Revenue - USD Billion, 2020 - 2034)
Hardware
Software
Services
Smart Manufacturing, Technology Outlook (Revenue - USD Billion, 2020 - 2034)
Machine Execution Systems
Programmable Logic Controller
Enterprise Resource Planning
SCADA
Discrete Control Systems
Human Machine Interface
Machine Vision
3D Printing
Product Lifecycle Management
Plant Asset Management
Smart Manufacturing, End-Use Outlook (Revenue - USD Billion, 2020 - 2034)
Automotive
Aerospace & Defense
Chemicals & Materials
Healthcare
Industrial Equipment
Electronics
Food & Agriculture
Oil & Gas
Others
Smart Manufacturing, Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Netherlands
Russia
Spain
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Automation and IIoT are major systems for modern factories. Through this companies are able to analyze real-time data for predictive maintainance needs and performance before a breakdown with the help pf smart sensors on machinery. Businesses are investing in these technologies to upgrade by adopting such tools for smart manufacturing to enhance efficiency and maintain their market presence. Thus, this shift to predictive management reduces downtime and wastage of resources.
Regulatory authorities has boosted the demand for these manufacturing units by offering incentived for companies to adopt automation to boost productivity and competitiveness. The demand for these industrial tools that align to work tirelessly with high precision contribute to the growth factor. Moreover, it puts pressure on other industries to remain competitive for market expansion as companies shift towards automation. Numerous market competitors are introducing innovative products to expand their business operations worldwide. For instance, in April 2021, Confirm introduced a successful implementation of the Future Wireless Innovation Test-Bed. It is designed and deployed to enhance the smart manufacturing environment by opting for wireless technologies like Wifi6, 6G, and 5G.
Based on components, the software segment holds the highest shares in the global industry in 2024, owing to the arrival of AI-driven systems and analytics. In contrast, the hardware segment is projected to rise significantly in the forecasting period due to the increasing availability of the IIoT enabling systems and machines, VR devices, robots, 3D printers, and others.
The rising demand for industrial robots is one of the major driving factors for smart manufacturing industry growth. Industrial robots carry out various activities such as product inspection, management of stock, and assembling different types of machinery. Therefore, the growing adoption of industrial robots may accelerate the demand for smart manufacturing over the forecasting years.
Industry participants such as ABB, 3D Systems, Inc., Cisco Systems, Emerson Electric Co., Cognex Corporation, FANUC, Honeywell International Inc., General Electric, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Robert Bosch GmbH, SAP, Schneider Electric, Stratasys Ltd., Siemens, and Yokogawa Electric Corporation are some of the key players operating in the global market.
Polaris market research has segmented the smart manufacturing market report on the basis of component, technology, end-use, and region:
Smart Manufacturing, Component Outlook (Revenue - USD Billion, 2020 - 2034)
Hardware
Software
Services
Smart Manufacturing, Technology Outlook (Revenue - USD Billion, 2020 - 2034)
Machine Execution Systems
Programmable Logic Controller
Enterprise Resource Planning
SCADA
Discrete Control Systems
Human Machine Interface
Machine Vision
3D Printing
Product Lifecycle Management
Plant Asset Management
Smart Manufacturing, End-Use Outlook (Revenue - USD Billion, 2020 - 2034)
Automotive
Aerospace & Defense
Chemicals & Materials
Healthcare
Industrial Equipment
Electronics
Food & Agriculture
Oil & Gas
Others
Smart Manufacturing, Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Netherlands
Russia
Spain
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
114 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source
- 4. U.S. Remote Patient Monitoring System Market Insights
- 4.1. U.S. Remote Patient Monitoring System Market – Market Snapshot
- 4.2. U.S. Remote Patient Monitoring System Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. The Growing Burden of Chronic Diseases
- 4.2.1.2. Increasing Aging Population
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Data privacy, cybersecurity risks, and regulatory complexity
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. U.S. Remote Patient Monitoring System Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. U.S. Remote Patient Monitoring System Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Remote Patient Monitoring System Market, by Product, 2020–2034 (USD Billion)
- 5.3. Vital Sign Monitors
- 5.3.1. U.S. Remote Patient Monitoring System Market, by Vital Sign Monitors, by Region, 2020–2034 (USD Billion)
- 5.3.2. Blood Pressure Monitors
- 5.3.3. Pulse Oximeters
- 5.3.4. Heart Rate Monitor (ECG)
- 5.3.5. Temperature Monitor
- 5.3.6. Respiratory Rate Monitor
- 5.3.7. Brain Monitoring (EEG)
- 5.4. Special Monitors
- 5.4.1. U.S. Remote Patient Monitoring System Market, by Special Monitors, by Region, 2020–2034 (USD Billion)
- 5.4.2. Anesthesia Monitors
- 5.4.3. Blood Glucose Monitors
- 5.4.4. Cardiac Rhythm Monitor
- 5.4.5. Respiratory Monitor
- 5.4.6. Fetal Heart Monitors
- 5.4.7. Prothrombin Monitors
- 5.4.8. Multi Parameter Monitors (MPM)
- 5.4.9. Others
- 6. U.S. Remote Patient Monitoring System Market, by End Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Remote Patient Monitoring System Market, by End Use, 2020–2034 (USD Billion)
- 6.3. Hospitals Based Patients
- 6.3.1. U.S. Remote Patient Monitoring System Market, by Hospitals Based Patients, by Region, 2020–2034 (USD Billion)
- 6.4. Ambulatory Patients
- 6.4.1. U.S. Remote Patient Monitoring System Market, by Ambulatory Patients, by Region, 2020–2034 (USD Billion)
- 6.5. Home Healthcare
- 6.5.1. U.S. Remote Patient Monitoring System Market, by Home Healthcare, by Region, 2020–2034 (USD Billion)
- 7. U.S. Remote Patient Monitoring System Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. U.S. Remote Patient Monitoring System Market, by Application, 2020–2034 (USD Billion)
- 7.3. Cancer
- 7.3.1. U.S. Remote Patient Monitoring System Market, by Cancer, by Region, 2020–2034 (USD Billion)
- 7.4. Cardiovascular Diseases
- 7.4.1. U.S. Remote Patient Monitoring System Market, by Cardiovascular Diseases, by Region, 2020–2034 (USD Billion)
- 7.5. Diabetes
- 7.5.1. U.S. Remote Patient Monitoring System Market, by Diabetes, by Region, 2020–2034 (USD Billion)
- 7.6. Sleep Disorder
- 7.6.1. U.S. Remote Patient Monitoring System Market, by Sleep Disorder, by Region, 2020–2034 (USD Billion)
- 7.7. Weight management & Fitness Monitoring
- 7.7.1. U.S. Remote Patient Monitoring System Market, by Weight management & Fitness Monitoring, by Region, 2020–2034 (USD Billion)
- 7.8. Bronchitis
- 7.8.1. U.S. Remote Patient Monitoring System Market, by Bronchitis, by Region, 2020–2034 (USD Billion)
- 7.9. Infections
- 7.9.1. U.S. Remote Patient Monitoring System Market, by Infections, by Region, 2020–2034 (USD Billion)
- 7.10. Virus
- 7.10.1. U.S. Remote Patient Monitoring System Market, by Virus, by Region, 2020–2034 (USD Billion)
- 7.11. Hypertension
- 7.11.1. U.S. Remote Patient Monitoring System Market, by Hypertension, by Region, 2020–2034 (USD Billion)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. BioIntelliSense, Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Boston Scientific Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Dexcom, Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Health Recovery Solutions
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Medtronic (Medtronic Care Management Services)
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. OMRON Healthcare, Inc.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Oracle (Cerner)
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Teladoc Health
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. VitalConnect
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
Pricing
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