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April 21, 2021, 12:55 a.m. EDT

Smart Manufacturing Market Size Report, Trend, COVID19 Impact, Industry Outlook, Derive Growth, Share, Revenue Forecast to 2027

The Report Lists the Main Companies in the Smart Manufacturing Market: ABB Ltd., Siemens AG, General Electric, Mitsubishi Electric Corporation, Robert Bosch GmBH, Rockwell Automation Inc., Schneider Electric, Honeywell International Inc., Emerson Electric Co., Fanuc Corporation, Yokogawa Electric Corporation, Telefonaktiebolaget LM Ericsson.

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Apr 21, 2021 (The Expresswire) -- The global smart manufacturing market size is expected to reach USD 506.33 billion by 2027, exhibiting a CAGR of 12.2% during the forecast period. The increasing adoption of advanced robotic solutions including swarm robotics, autonomous mobile robots and cobots in industries will provide impetus to the market during the forecast period, states Fortune Business Insights in a report, titled “ Smart Manufacturing Market Share, Size and COVID-19 Impact Analysis, By Component (Solution and Services), By Deployment (Cloud and On-premise), By Enterprise Size (Small and Medium Enterprise (SMEs) and Large Enterprise), By Industry (Discrete and Process), and Regional Forecast, 2020-2027.” The market size stood at USD 204.95 billion in 2019.

Reasons to Purchase this Report:

  • Comprehensive analysis of the smart manufacturing market growth drivers, obstacles, opportunities, and other related challenges.

  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.

  • Identifies market restraints and boosters.

  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

The coronavirus pandemic has caused enormous financial crisis across various sectors around the globe. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

For More Information Get sample copy at - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/103594

List of Key Players for Smart Manufacturing Market

  • ABB Ltd. (Zürich, Switzerland)

  • Siemens AG (Munich, Germany)

  • General Electric (Massachusetts, U.S.)

  • Mitsubishi Electric Corporation (Tokyo, Japan)

  • Robert Bosch GmBH (Gerlingen, Germany)

  • Rockwell Automation Inc. (Wisconsin, U.S.)

  • Schneider Electric (Rueil-Malmaison, France)

  • Honeywell International Inc. (North Carolina, U.S.)

  • Emerson Electric Co. (Missouri, U.S.)

  • Fanuc Corporation (Yamanashi, Japan)

  • Yokogawa Electric Corporation (Tokyo, Japan)

  • Telefonaktiebolaget LM Ericsson (Stockholm, Sweden)

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the Smart Manufacturing Market.

  • Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Smart Manufacturing Market

  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Smart Manufacturing Market

  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Smart Manufacturing Market

Inquire Before Buying: https://www.fortunebusinessinsights.com/enquiry/queries/smart-manufacturing-market-103594

Regional Analysis :

Heavy Investment in Smart Factory Projects to Foster Growth in North America

Asia Pacific is predicted to witness a rapid growth rate during the forecast period due to the increasing adoption of industrial automation in developing countries. According to the IoT Council, the China-based manufacturing organizations' spending on the internet of things (IoT) is expected to be around USD 127.5 Bn in 2020. The Smart Manufacturing Market in North America is expected to dominate the global market owing to the rising investments in smart factory projects. For instance, in June 2019, Telefonaktiebolaget LM Ericsson invested around USD 100 Mn for the deployment of the fully automated smart factory in the U.S. Europe is expected to rise tremendously during the forecast period due to the well-established automotive production industry in the region.

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Major Segments for Smart Manufacturing Market

By Component


  • Industrial 3D Printing

  • Programmable Logic Controller (PLC)

  • Product Lifecycle Management (PLM)

  • Manufacturing Execution System (MES)

  • Robotic Process Automation (RPA)

  • Remote Monitoring software

  • Supervisory Controller and Data Acquisition (SCADA)

  • Others (Energy Management Systems, Fleet Management Solutions, etc.)


  • Professional Services

  • Managed Services

By Deployment

  • Cloud

  • On-premise

By Enterprise Size

  • Small and Medium Enterprise (SMEs)

  • Large Enterprise

By Industry

Discrete Industry

  • Automotive

  • Transportation

  • Industrial machinery

  • Medical devices

  • Semiconductor and Electronics/High-Tech

  • Others (Aerospace and Defense, etc.)

Process Industry

  • Pharmaceuticals

  • Mining and Metals

  • Chemicals

  • Pulp and Paper

  • Others (Cable, etc.)

By Geography

  • North America (The U.S., Canada)

  • Europe (The U.K., Germany, France, Italy, Spain, Rest of Europe)

  • Asia Pacific (China, Japan, India, South East Asia, Rest of Asia Pacific)

  • Middle East and Africa (GCC, South Africa, Rest of Middle East and Africa)

  • Latin America (Mexico, Brazil, Rest of Latin America)

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