Los Angeles, December 12, 2019 – QY Research has announced the release of a new report on the global smart manufacturing technology market. Bearing the tile “Global Smart Manufacturing Technology Market Size, Status and Forecast 2018-2025,” the report comes out as a powerful tool that can help market players to gain competitive market insights to stand out from the competition. According to the report, the global smart manufacturing technology market is anticipated to rise at a robust CAGR of 9.9% during the forecast period 2018-2025. By 2025, the revenue of the global smart manufacturing technology market is projected to touch above US$250.0 Bn. In 2018, the global market revenue reached over US$100.0 Bn.
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The global smart manufacturing technology market is expected to benefit from:
● High government investments in industrial development
● Robust demand for manufacturing automation
● Increasing use of cloud and IoT platforms in the manufacturing sector
● Strong focus on connected manufacturing for end-to-end control and visibility
● Growing significance of the combination of IoT data and analytics in manufacturing
MES as Key Tool to Reduce Lead Times and Streamline Workflows: The report provides comprehensive segmental analysis of the global smart manufacturing technology market based on product type and application. Key product type segments of the global smart manufacturing technology market covered in the report are instrumentation and field devices (sensors, actuators, drives, and valves), automation control systems (DCS, PLC, HMI, SCADA, and FCS), and manufacturing IT (MES, ERP, PLM, APC, and EAM). High demand for MES among manufacturers to help increase their profits, quality, and efficiency and avoid expensive downtimes is expected to contribute to the growth of the global smart manufacturing technology market.
On the basis of application, the global smart manufacturing technology market is segmented into automotive, oil and gas, aerospace and defense, electronics, chemicals and materials, industrial equipment, healthcare, and others.
Asia Pacific Lives up to its Reputation of Global Manufacturing Hub: Asia Pacific is anticipated to show remarkable growth in the global smart manufacturing technology market. Some of the key growth drivers for the Asia Pacific market are:
● Need to catch up with international manufacturing standards
● Growing reputation of Asia Pacific as cost-effective global manufacturing hub
● Increase in the use of enabling technologies in manufacturing and adoption of manufacturing automation
● Increasing demand for industrial intellectualization
● High manufacturing investments from foreign companies operating in different industries
Unique Innovations for Process and Discrete Manufacturing: The report offers deep company profiling of key players in the global smart manufacturing technology market. These include GE, Daifuku, ABB, 3D Systems, Siemens, Stratatys, SAP, Cognex, Schneider, Keyence, Emerson, NVIDIA, Oracle, Fanuc, IBM, Yokogawa, Honeywell, Rockwell, and Cisco. Companies operating in the global smart manufacturing technology market are anticipated to make targeted investments to drive innovation, improve customer service, increase research and development, and develop more advanced technologies. They could also launch specific smart manufacturing technologies for process and discrete manufacturing applications.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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