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Published Date: 2016-11-03Number of Pages: 129

Smart Manufacturing Market (Technology - Manufacturing Execution System, Programmable Logic Controller, Supervisory Controller and Data Acquisition, Distributed Control System, Enterprise Resource and Planning, Human Machine Interface, and Machine Vision; End User - Automotive, Food and Beverage, Aerospace and Defense, Consumer Electronics, and Energy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Smart Manufacturing Market: Snapshot

Smart manufacturing technologies use the best of operating technologies (OT) and information technology (IT). The developers of smart manufacturing technologies have integrated both the processes to create an intelligent optimization and assembling of physical, business, and digital methods for ironing out the creases in the value chain of manufacturing. These processes also utilize human ingenuity with information technology to create manufacturing intelligence for achieving optimum results. Adoption of these technologies has completely transformed ways of manufacturing, selling products, and shipping.

The research report indicates that the global smart manufacturing market is expected to be worth US$548.14 bn by the end of 2024, rising up from US$159.05 bn in 2015. During the forecast period of 2016 to 2024, the global market is anticipated to surge at a CAGR of 13.2%. The mammoth amount of manufacturing activities in the past few years has made it incredibly difficult for multinational organizations to effectively manage their value chain. Therefore, companies are outsourcing their manufacturing operations to third parties, who offer smart manufacturing services, which, in turn, has boosted the overall market.

Furthermore, regional expansion is a key strategy for many organizations. In order to achieve this, MNCs have invested in distribution centers at strategic locations around the world. These centers need effective smart manufacturing services, thus fueling the demand generated for smart manufacturing. The market is also thriving due to the application of innovative digitization in developing smart manufacturing technologies such as the programmable logic controller, supervisory controller, and data acquisition.

smart manufacturing market

Global Market Picks Up Momentum as End Users Incline toward Enterprise Resource Planning

On the basis of technology, the global smart manufacturing market is segmented into manufacturing execution system (MES), supervisory controller and data acquisition (SCADA), programmable logic controller (PLC), enterprise resource planning (ERP), distributed control system (DCS), machine vision, and human machine interface (HMI). Of these, the enterprise resource planning is the popularly used smart manufacturing technology across the globe. The prolific economic development of several countries across the globe and easy social integration of this technology have boosted its adoption rate in the past few years. The booming defense and aerospace sector is also anticipated to take up enterprise planning solutions for upgrading its manufacturing processes, thereby lending a magnificent impetus to the technology segment.

Stress on Manufacturing Activities in Asia Pacific Fuels Region’s Growth

In terms of regions, the global smart manufacturing market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among all the regions, Asia Pacific held a lion’s share of 39% in the overall market in terms of revenue in 2015. North America closely followed this lead in the same year. The research indicates, that North America and Asia Pacific will continue to hold a dominating stance in the overall market as both these regions will offer lucrative opportunities to the smart manufacturing players. The increasing stress by governments of developing economies to focus on manufacturing activities is anticipated to build a strong case for the growth of smart manufacturing market in Asia Pacific.

The regions are poised to witness a steady uptake of smart manufacturing in the automotive industry and in the production of consumer electronics, which are anticipated to stir the demand for these technologies in the near future.

The leading players operating in the global smart manufacturing market are Honeywell International, Inc., Siemens AG, Johnson Controls, Inc., ABB Ltd., Emerson Electric Company, General Electric Company, Rockwell Automation, Schneider Electric, Fanuc Corp., Atos SE.

Section 1 Preface
1.1 Report Scope
1.2 Market Segmentation
1.3 Research Highlights

Section 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Models

Section 3 Executive Summary
3.1 Global Smart Manufacturing Market Snapshot
3.2 Global Smart Manufacturing Market Share, By Region 2015 & 2024

Section 4 Smart Manufacturing Market: Overview
4.1 Introduction
4.2 Recent Trend Analysis

Section 5 Smart Manufacturing Market: Dynamics
5.1 Market Drivers
      5.1.1 Connected devices to propel the industrial internet of things technology
      5.1.2 Increasing implementation of analytics solutions
      5.1.3 Emphasis on business process efficiency and cost reduction
5.2 Market Restraints
      5.2.1 Complex execution process
5.3 Market Opportunities
      5.3.1 Government mandates coupled with greater eco-consciousness
      5.3.2 Management systems to spearhead industrial revolution
5.4 Global Smart Manufacturing Market Outlook, 2015
      5.4.1 Market Value Share By Technology (2015)
      5.4.2 Market Value Share By End-User (2015)
      5.4.3 Market Value Share By Region (2015)
5.5 Dominant Players and Emerging Players Analysis, 2015

Section 6 Global Smart Manufacturing Market: By Technology Type
6.1 Introduction
6.2 Global Smart Manufacturing Market Value Share Analysis,By Technology Type
6.3 Global Smart Manufacturing Market Forecast By Technology Type
6.4 Global Smart Manufacturing Market Analysis By Technology Type

Section 7 Global Smart Manufacturing Market: By End-User
7.1 Introduction 
7.2 Global Smart Manufacturing Market Value Share Analysis,By End-User Type
7.3 Global Smart Manufacturing Market Forecast By End-User Type

Section 8 North America Smart Manufacturing Market Analysis
8.1 Introduction
8.2 North America Smart Manufacturing Market Value Share Analysis, By Technology Type
8.3 North America Smart Manufacturing Market Forecast, By Technology Type
8.4 North America Smart Manufacturing Market Value Share Analysis, By End-User Type
8.5 North America Smart Manufacturing Market Forecast, By End-User Type
8.6 North America Smart Manufacturing Market Value Share Analysis, By Country
8.7 North America Smart Manufacturing Market Analysis, By Country
      8.7.1 U.S. Smart Manufacturing Market, 2016 – 2024, USD Bn
      8.7.1 Canada Smart Manufacturing Market, 2016 – 2024, USD Bn
      8.7.3 Mexico Smart Manufacturing Market, 2016 – 2024, USD Bn

Section 9 Europe Smart Manufacturing Market
9.1 Introduction
9.2 Europe Smart Manufacturing Market Value Share Analysis, By Technology Type
9.3 Europe Smart Manufacturing Market Forecast, By Technology Type
9.4 Europe Smart Manufacturing Market Value Share Analysis, By End-User Type
9.5 Europe Smart Manufacturing Market Forecast By End-User Type
9.6 Europe Smart Manufacturing Market Value Share Analysis,By Country
9.7 Europe Smart Manufacturing Market Analysis By Country
      9.7.1 U.K. Smart Manufacturing Market, 2016 – 2024, USD Bn
      9.7.2 Germany Smart Manufacturing Market, 2016 – 2024, USD Bn
      9.7.3 France Smart Manufacturing Market, 2016 – 2024, USD Bn
      9.7.4 Italy Smart Manufacturing Market, 2016 – 2024, USD Bn
      9.7.5 Rest of Europe Smart Manufacturing Market, 2016 – 2024, USD Bn

Section 10 Asia Pacific Smart Manufacturing Market
10.1 Introduction
10.2 Asia Pacific Smart Manufacturing Market Value Share Analysis, By Technology Type
10.3 Asia Pacific Smart Manufacturing Market Forecast By Technology Type
10.4 Asia Pacific Smart Manufacturing Market Value Share Analysis, By End-User Type
10.5 Asia Pacific Smart Manufacturing Market Forecast By End-User Type
10.6 Asia Pacific Smart Manufacturing Market Value Share Analysis, By Country
10.7 Asia Pacific Smart Manufacturing Market Analysis By Country
      10.7.1 China Smart Manufacturing Market, 2016 – 2024, USD Bn
      10.7.2 Japan Smart Manufacturing Market, 2016 – 2024, USD Bn
      10.7.3 India Smart Manufacturing Market, 2016 – 2024, USD Bn
      10.7.4 South Korea Smart Manufacturing Market, 2016 – 2024, USD Bn
      10.7.4 Rest of Asia Pacific Smart Manufacturing Market, 2016 – 2024, USD Bn

Section 11 Middle East and Africa Market
11.1 Introduction
11.2 Middle East and Africa Pacific Smart Manufacturing Market Value Share Analysis, By Technology Type
11.3 Middle East and Africa Pacific Smart Manufacturing Market Forecast By Technology Type
11.4 Middle East and Africa Pacific Smart Manufacturing Market Value Share Analysis, By End-User Type
11.5 Middle East and Africa Pacific Smart Manufacturing Market Forecast By End-User Type
11.6 Middle East and Africa Pacific Smart Manufacturing Market Value Share Analysis, By Country
11.7 Middle East and Africa Pacific Smart Manufacturing Market Forecast By Country
      11.7.1 UAE Smart Manufacturing Market, 2016 – 2024, USD Bn
      11.7.2 Saudi Arabia Smart Manufacturing Market, 2016 – 2024, USD Bn
      11.7.3 South Africa Smart Manufacturing Market, 2016 – 2024, USD Bn
      11.7.4 Rest of MEA Smart Manufacturing Market, 2016 – 2024, USD Bn

Section 12 Latin America Market
12.1 Introduction
12.2 Latin America Smart Manufacturing Market Value Share Analysis, By Technology Type
12.3 Latin America Pacific Smart Manufacturing Market Forecast By Technology Type
12.4 Latin America Pacific Smart Manufacturing Market Value Share Analysis, By End-User Type
12.5 Latin America Pacific Smart Manufacturing Market Forecast By End-User Type
12.6 Latin America Pacific Smart Manufacturing Market Value Share Analysis, By Country
12.7 Latin America Pacific Smart Manufacturing Market Forecast By Country
      12.7.1 Brazil Smart Manufacturing Market, 2016 – 2024, USD Bn
      12.7.2 Argentina Smart Manufacturing Market, 2016 – 2024, USD Bn
      12.7.3 Rest of Latin America Smart Manufacturing Market, 2016 – 2024, USD Bn

Section 13 Smart Manufacturing Market: Company Profile
13.1 ABB Ltd. 
      13.1.1.Company Details
      13.1.2.Market Presence
      13.1.3.Recent Developments
      13.1.4.Financial
      13.1.5.Strategic Overview
13.2 Honeywell Intewrnational, Inc.
      13.2.1.Company Details
      13.2.2.Market Presence
      13.2.3.Recent Developments
      13.2.4.Financial
      13.2.5.Strategic Overview
13.3 Johnson Controls, Inc. 
      13.3.1.Company Details
      13.3.2.Market Presence
      13.3.3.Recent Developments
      13.3.4.Financial
      13.3.5.Strategic Overview
13.4 Emerson Electric Company.
      13.4.1.Company Details
      13.4.2.Market Presence
      13.4.3.Recent Developments
      13.4.4.Financial
      13.4.5.Strategic Overview
13.5 General Electric Company
      13.5.1.Company Details
      13.5.2.Market Presence
      13.5.3.Recent Developments
      13.5.4.Financial
      13.5.5.Strategic Overview
13.6 Rockwell Automation, Inc.
      13.6.1.Company Details
      13.6.2.Market Presence
      13.6.3.Recent Developments
      13.6.4.Financial
      13.6.5.Strategic Overview
13.7 Schneider Electric
      13.7.1.Company Details
      13.7.2.Market Presence
      13.7.3.Recent Developments
      13.7.4.Financial
      13.7.5.Strategic Overview
13.8 Siemens AG
      13.8.1.Company Details
      13.8.2.Market Presence
      13.8.3.Recent Developments
      13.8.4.Financial
      13.8.5.Strategic Overview
13.9 Fanuc Corp.
      13.9.1.Company Details
      13.9.2.Market Presence
      13.9.3.Recent Developments
      13.9.4.Financial
      13.9.5.Strategic Overview
13.10 Atos SE
      13.10.1.Company Details
      13.10.2.Market Presence
      13.10.3.Recent Developments
      13.10.4.Financial
      13.10.5.Strategic Overview

List of Figures

FIG. 1 Report Scope
FIG. 2 Market Snapshot: Top 3 Trends 
FIG. 3 Market Share, By Country, 2015 & 2024
FIG. 4 Key Trends
FIG. 5 Smart Manufacturing: Market Value Share By Technology
FIG. 6 Smart Manufacturing: Market Value Share By End-User
FIG. 7 Smart Manufacturing: Market Value Share By Region
FIG. 8 Smart Manufacturing: Global Market Value Share Analysis By Technology Type, 2016 and 2024
FIG. 9 Manufacturing Execution System (MES) Market, 2016 – 2024, USD Bn
FIG. 10 Programmable Logic Controller (PLC) Market, 2016 – 2024, USD Bn
FIG. 11 Supervisory Controller and Data Acquisition (SCADA) Market, 2016 – 2024, USD Bn 
FIG. 12 Distribution Control Systems (DCS) Market, 2016 – 2024, USD Bn
FIG. 13 Enterprise Resource & Planning(ERP) Market, 2016 – 2024, USD Bn
FIG. 14 Human Machine Interface (HMI) Market, 2016 – 2024, USD Bn 
FIG. 15 Machine Vision (MV) Market, 2016 – 2024, USD Bn 
FIG. 16 Other Technologies Market, 2016 – 2024, USD Bn 
FIG. 17 Global Market Value Share Analysis By End-User, 2016 and 2024
FIG. 18 Automotive Market, 2016 – 2024, USD Bn 
FIG. 19 Food and Beverage Market, 2016 – 2024
FIG. 20 Pharmaceuticals Market, 2016 – 2024, USD Bn 
FIG. 21 Aerospace and Defense Market, 2016 – 2024, USD Bn
FIG. 22 Consumer Electronics, 2016 – 2024, USD Bn
FIG. 23 Energy Market, 2016 – 2024, USD Bn 
FIG. 24 Other Industries Market, 2016 – 2024, USD Bn 
FIG. 25 North America Smart Manufacturing Market, Value Share Analysis, By Technology Type, 2016 and 2024
FIG. 26 North America Smart Manufacturing Market, Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 27 North America Smart Manufacturing Market, Value Share Analysis, By Country, 2016 and 2024
FIG. 28 U.S. Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 29 Canada Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 30 Mexico Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 31 Canada Smart Manufacturing Market, 2016 – 2024, USD Bn 
FIG. 32 Europe Smart Manufacturing Market Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 33 Europe Smart Manufacturing Market, Value Share Analysis, By Country, 2016 and 2024
FIG. 34 U.K. Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 35 Germany Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 36 France Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 37 Italy Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 38 Rest of Europe Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 39 Asia Pacific Smart Manufacturing Market, Value Share Analysis, By Technology Type, 2016 and 2024 
FIG. 40 Asia Pacific Smart Manufacturing Market, Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 41 Asia Pacific Smart Manufacturing Market, Value Share Analysis, By Country, 2016 and 2024
FIG. 42 China Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 43 Japan Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 44 India Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 45 South Korea Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 46 Asia Pacific Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 47 Middle East and Africa Smart Manufacturing Market, Value Share Analysis, By Technology Type, 2016 and 2024
FIG. 48 Middle East and Africa Smart Manufacturing Market, Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 49 Middle East and Africa Smart Manufacturing Market, Value Share Analysis, By Country, 2016 and 2024
FIG. 50 UAE Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 51 Saudi Arabia Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 52 South Africa Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 53 Rest of MEA Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 54 Middle East and Africa Smart Manufacturing Market, Value Share Analysis, By Technology Type, 2016 and 2024
FIG. 55 Latin America Smart Manufacturing Market Value Share Analysis, By End-User Type, 2016 and 2024
FIG. 56 Latin America Smart Manufacturing Market Value Share Analysis, By Country, 2016 and 2024
FIG. 57 Brazil Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 58 Argentina Smart Manufacturing Market, 2016 – 2024, USD Bn
FIG. 59 Rest of Latin America Smart Manufacturing Market, 2016 – 2024, USD Bn 

List of Tables

TABLE 1 Global Smart Manufacturing Competitive Analysis By Company (2015)
TABLE 2 Global Market Size (USD Bn) Forecast, By Technology Type, 2016 – 2024
TABLE 3 Global Market Size (USD Bn Forecast, By End-User, 2016 – 2024
TABLE 4 North America Smart Manufacturing Market, Revenue (US$ Bn and Forecast, By Technology Type, 2016–2024t
TABLE 5 North America Smart Manufacturing Market, Revenue (US$ Bn and Forecast, By End-User Type, 2015–2024
TABLE 6 North America Smart Manufacturing Market, Revenue (US$ Bn and Forecast, By Country, 2016–2024
TABLE 7 Europe Smart Manufacturing Market Revenue (US$ Bn and Forecast, By Technology Type, 2016–2024
TABLE 8 Europe Smart Manufacturing Market Revenue (US$ Bn and Forecast, By End-User Type, 2016–2024
TABLE 9 Europe Smart Manufacturing Market Revenue (US$ Bn and Forecast, By Country, 2016–2024
TABLE 10 Asia Pacific Smart Manufacturing Market Revenue (US$ Bn and Forecast, By Technology Type, 2016–2024
TABLE 11 Asia Pacific Smart Manufacturing Market Revenue (US$ Bn and Forecast, By End-User Type, 2016–2024
TABLE 12 Asia Pacific Smart Manufacturing Market Revenue (US$ Bn and Forecast, By Country, 2016–2024
TABLE 13 Middle East and Africa Smart Manufacturing Market Revenue (USD Bn) and Forecast, By Technology Type, 2016–2024
TABLE 14 Middle East and Africa Smart Manufacturing Market Revenue (USD Bn) and Forecast, By End-User Type, 2016–2024
TABLE 15 Middle East and Africa Smart Manufacturing Market Revenue (USD Bn) and Forecast, By Country Type, 2016–2024
TABLE 16 Latin America Smart Manufacturing Market Revenue (USD Bn) and Forecast, By Technology Type, 2016–2024
TABLE 17 Latin America Smart Manufacturing Market Revenue (USD Bn) and Forecast, By End-User Type, 2016–2024
TABLE 18 Latin America Smart Manufacturing Market Revenue (USD Bn) and Forecast, By Country, 2016–2024

 

Global Smart Manufacturing Market: Overview

Smart manufacturing is an enhanced process of production with the objective of optimizing concept generation, product transaction, and manufacturing. It refers to a merger of operation technology and information technology which work together within an integrated process, in real time scenario. The whole technique implied is usually constituted of capturing data, simulation and modeling, analysis of big data, controlling and planning, and cloud computing.

Global Smart Manufacturing Market: Trends and Opportunities

The strong growth in the industrial internet of things technology market is driving the growth of the smart manufacturing market. Furthermore, growing adoption of analytics tools is acting as one of the major drivers of the smart manufacturing market globally. Increase in smart manufacturing is due to increasing access to the Internet and growing focus on cost reduction and commercial process efficiency. In addition, fall in the cost of important components and advancement in technology are supporting the market currently.

Mass scale technical progress across different domains has led the organizations to adopt innovative technologies, and gather competitive edge over their competitors. Smart manufacturing systems help to reduce redundant system costs effectively, while ensuring that producers achieve cost efficient manufacturing plans. Several developed economies have experienced mass scale adoption of the machine-to-machine communication and internet of things technologies in the industrial sector. These technologies have importantly staged a key driver impacting the growth in the global smart manufacturing market. 

Global Smart Manufacturing Market: Segmentation

On the basis of various technology types, the smart manufacturing market is segmented into programmable logic controller (PLC), manufacturing execution system (MES), distributed control system (DCS), enterprise resource planning (ERP), human machine interface (HMI), supervisory controller and data acquisition (SCADA), machine vision (MV), and other technologies. In the technologies segment, the enterprise resource and planning segment constituted the biggest market share, followed by the manufacturing execution system segment, in 2015. Enterprise resource and planning is largely used in automation, oil & gas, fishing, retail, media and entertainment, and military. Therefore, the segment generates the largest revenue among all the segments in the smart manufacturing market. In addition, it is ideal for producing digital services. Manufacturing execution system follows enterprise resource planning, and is one of the most widely used smart manufacturing technology to assimilate production operations across several layers comprising maintenance. MES can be particularly significant in structured industries such as food and beverage, and can document and track the evolution of raw materials into finished goods.

Based on end-user industries, the smart manufacturing market is segmented into automotive, food and beverage, aerospace and defense, consumer electronics, energy, and other industries. Rapid growth in demand for connected devices is one of the major factors that are driving the demand for smart manufacturing end-user industries, globally. Automotive and consumer electronics smart manufacturing provide their own resources such as warehouse operators among others. Smart manufacturing in the energy sector has been witnessing an astounding speed of consolidation, due to giant industrial conglomerates taking over smaller organizations rapidly.

Global Smart Manufacturing Market: Regional Outlook

In terms of regions, the smart manufacturing market has been segregated into five geographical zones: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. Currently, Asia Pacific held the major share of the market, followed by North America, Europe, Middle East and Africa, and Latin America. The Asia Pacific region is anticipated to grow swiftly with rise in trade with North America and Europe. Regional players are focused on partnerships with players in regions such as Africa.

Key Players Mentioned in the Report

Key players profiled in this report are Honeywell International, Inc. (United States), Siemens AG (Germany), Johnson Controls, Inc. (Ireland), ABB Ltd. (Switzerland), Emerson Electric Company (United States), General Electric Company (United States), Rockwell Automation (Germany), Schneider Electric (France), Fanuc Corp. (Japan), Atos SE (Germany).

The segments covered in the Smart Manufacturing market are as follows:

Global Smart Manufacturing Market: By Technology Type

  • Manufacturing Execution System (MES)
  • Programmable Logic Controller (PLC)
  • Supervisory Controller And Data Acquisition (SCADA)
  • Distributed Control System (DCS)
  • Enterprise Resource Planning (ERP)
  • Human Machine Interface (HMI)
  • Machine Vision
  • Other Technologies

Global Smart Manufacturing Market: By End-User Type

  • Automotive
  • Food and Beverage
  • Pharmaceuticals
  • Aerospace and Defense
  • Consumer Electronics
  • Energy
  • Other Industries

Global Smart Manufacturing Market: By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America 


 
 
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