Smart manufacturing is computer integrated manufacturing technology that helps to boost productivity supported the demand level. Due to the benefits of smart manufacturing systems, there is wide adoption of this advanced automated system by many of the production units to enhance the effective production and product quality. This factor will propel the growth of the market. The increasing demand for smart manufacturing products & solution propelled by COVID-19 and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors is the factor responsible for the expansion of the market over the forecast amount.
According to the study, ’Global COVID-19 Impact on Smart Manufacturing Market to reach USD 229.4 billion by 2026.’ The market is concentrated, and the degree of concentration will accelerate during the forecast period. Hewlett Packard Enterprise, Honeywell International Inc, IBM Corporation, Intel Corporation, Microsoft Corporation, ABB Group, Cisco Systems, Inc., Emerson Electric Co., FANUC, General Electric Company are some of the major market participants. For illustration: as per firm’s news came in March 2018, ABB Group introduced a smart factory for electrical safety and energy efficiency products in Bangalore, India. The rising urge for smart manufacturing products & solution drive-by COVID-19 and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors is the factor responsible for the expansion of the market over the forecast amount. Additionally, rising demand for automation of the existing manufacturing processes because of industrialization and modernization, mainly in developing countries, is evaluated to raise the market growth. As well as increasing government initiatives to hold up industrial automation to convert batch, discrete, and continuous manufacturing systems into smart manufacturing to abolish delay and human mistake in the production processes will further drive market expansion.
The regional analysis of global COVID-19 Impact on Smart The manufacturing market is considered for the key regions such as the Asia Pacific, Latin America, North America, Europe, and the Remainder of the World. Asia Pacific region holds a domineering position in the market on account of the existence of a large number of smart manufacturing companies stimulated by the need to compete at international levels. By Information Technology segmented into Human-Machine Interface, Manufacturing Execution System, Industrial Communication, Warehouse Management System Plant Asset Management, and Enterprise Manufacturing Intelligence. By Enabling Technology into Industrial 3D printing, A collaborative robot, IIOT, AI in manufacturing, Industrial cybersecurity, Digital twin, Machine condition monitoring, Industrial machine vision, and Automated guided vehicle. By Industry fragmented into Process Industry and Discrete Industry.
An important distinction among regional markets is that the developing countries are spending on smart technologies to keep abreast of international manufacturing standards and trends. While developed economies are helping digital transformation to get back offshore manufacturing to their own countries. Delay in restarting of production industrial projects because of lockdown will cause manufacturing reduction and supply threat. This factor is hampering the growth of the smart manufacturing market in the COVID-19 outbreak.
However, a growing number of small and medium-sized enterprises, as well as increasing the popularity of improved industry technology to
reduce labor disbursement, are also anticipated to drive the market size. Furthermore, the development of smart manufacturing will likely boost trends such as onshoring and have an impact on the geopolitical and technological landscape during the forecast amount and after the COVID-19 outbreak.
For More Information on the Research Report, refer to below links: –
Global Smart Manufacturing Market Outlook
Related Report: –
Contact Us: –
Ken Research
Smart manufacturing is computer integrated manufacturing technology that helps to boost the productivity supported the demand level. Due to the benefits of smart manufacturing systems, there is wide adoption of this advanced automated system by many of the production units to enhance the effective production and product quality. This factor will propel the growth of the market. The increasing demand for smart manufacturing products & solution propelled by COVID-19 and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors is the factor responsible for the expansion of the market over the forecast amount.
According to the study, ’Global COVID-19 Impact on Smart Manufacturing Market to reach USD 229.4 billion by 2026.’ The market is concentrated, and the degree of concentration will accelerate during the forecast period. Hewlett Packard Enterprise, Honeywell International Inc, IBM Corporation, Intel Corporation, Microsoft Corporation, ABB Group, Cisco Systems, Inc., Emerson Electric Co., FANUC, General Electric Company are some of the major market participants. For illustration: as per firm’s news came in March 2018, ABB Group introduced a smart factory for electrical safety and energy efficiency products in Bangalore, India. The rising urge for smart manufacturing products & solution drive-by COVID-19 and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors is the factor responsible for the expansion of the market over the forecast amount. Additionally, rising demand for automation of the existing manufacturing processes because of industrialization and modernization, mainly in developing countries, is evaluated to raise the market growth. As well as increasing government initiatives to hold up industrial automation to convert batch, discrete, and continuous manufacturing systems into smart manufacturing to abolish delay and human mistake in the production processes will further drive market expansion.
The regional analysis of global COVID-19 Impact on Smart The manufacturing market is considered for the key regions such as the Asia Pacific, Latin America, North America, Europe, and the Remainder of the World. Asia Pacific region holds a domineering position in the market on account of the existence of a large number of smart manufacturing companies stimulated by the need to compete at international levels. By Information Technology segmented into Human-Machine Interface, Manufacturing Execution System, Industrial Communication, Warehouse Management System Plant Asset Management, and Enterprise Manufacturing Intelligence. By Enabling Technology into Industrial 3D printing, A collaborative robot, IIOT, AI in manufacturing, Industrial cybersecurity, Digital twin, Machine condition monitoring, Industrial machine vision and Automated guided vehicle. By Industry fragmented into Process Industry and Discrete Industry.
An important distinction among regional markets is that the developing countries are spending on smart technologies to keep abreast of international manufacturing standards and trends. While developed economies are helping digital transformation to get back offshore manufacturing to their own countries. Delay in restarting of production industrial projects because of lockdown will cause manufacturing reduction and supply threat. This factor is hampering the growth of the smart manufacturing market in the COVID-19 outbreak.
However, a growing number of small and medium-size enterprises, as well as increasing the popularity of improved industry technology to
reduce labor disbursement, are also anticipated to drive the market size. Furthermore, the development of smart manufacturing will likely boost trends such as onshoring and have an impact on the geopolitical and technological landscape during the forecast amount and after the COVID-19 outbreak.
For More Information on the Research Report, refer to below links: –
Global Smart Manufacturing Market Outlook
Related Report: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
Ankur Gupta, Head Marketing & Communications
+91-9015378249
