Advancing trends in digital technologies and automation systems, the trends in manufacturing have taken new dimension. Companies today are well aware about the systems and automation devices which allow have competitive edge over the competitors and also ensure to meet the requirements of the customers with more efficiency. Smart manufacturing is a platform to bridge the gap between physical and digital objects, in the era of industrial digitization, manufacturers are focusing on cyber world in which every part of the eco-system is connected together to ensure high efficiency in manufacturing with reduced defects and lags.
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Smart manufacturing is a platform that incorporates present and future plans of any manufacturing plants. Growing trends in Internet of Things (IoT), Cloud Computing, Industrial and factory automation, industry 4.0 will pave the path for next generation systems and manufacturing process in near future. While robotics gaining highest traction in industrial application in recent years will set new opportunities to enhance the way processes being automated, Manufacturers looking for cost reduction, high quality, and time optimization to produce goods. These technologies are expected to offer optimum results in near future.
While the technologies are advanced, implementation of these systems or services are yet complex in nature and continuous R&D are expected to fix and make things feasible going ahead. Big firms would be early adopters and gain more benefits, as the initial investments to adopt these systems in manufacturing arena is high and the same is expected to hinder the growth of smart manufacturing in small firms. However, many players in this market are offering suitable solution for small and medium manufacturers, this will keep them updated with latest trends in manufacturing and also gives an opportunity to plan well for future.
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Smart manufacturing market is broadly segmented into technology, deployment model, end-user industry and geography. Technologies are further sub categorized into Internet of Things (IoT), RFID, Robotics, Machine Vision Systems, Cloud Computing and others. While these technologies can be deployed both On-Premises and On-Cloud, the segment deployment model briefs about the same. The global smart manufacturing market is also dived on the basis of end-user industry such as automotive, food and beverage, healthcare, pharmaceutical, aerospace & defense, consumer electronics and others.
The smart manufacturing market is further bifurcated into geographic regions such as North America, Europe, APAC, South America (SAM), Middle East and Africa (MEA). North America being one of the technologies hub, companies in this region are more focused on offering solution and services to engage most of the manufacturers across the globe. While Europe is one of the leading regions for manufacturers, industries such as automotive, aerospace & defense, other industries such as biotechnology, chemical and food & beverage are keen in adopting the systems and services to enhance the production capacity. APAC is one of the key regions which include growing economies such as China, Japan, India, etc. hence this region is considered to be fastest growing and is estimated to gain major share of the market in near future. Some of the key players in this market include Cisco Systems, Rockwell Automation, SAP SE, Siemens AG, IBM Corporation, Honeywell international, Inc., General Electric among others.
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Few Key Points from Table of Content
Global Smart Manufacturing Market Revenue and Forecasts to 2025 –Technology
Global Smart Manufacturing Market Revenue and Forecasts to 2025 – Deployment Model
Global Smart Manufacturing Market Revenue and Forecasts to 2025 – End-users
Global Smart Manufacturing Market Revenue and Forecasts to 2025 – Geographical Analysis
Global Smart Manufacturing Market, Key Company Profiles Included Key Facts, Business Description, Financial Overview, SWOT Analysis and Key Developments
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