Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The world is growing with digitalization, automation, and robotics, where manufacturing industries cannot be an exception to it. Smart manufacturing enhances the adoption of advanced technologies like AI, robotics and many others in the manufacturing processes. It is a technology based approach that connects and automates the production and business process with a single digital platform. The smart manufacturing platform enhances the entire manufacturing value chain and improves the internal transportation of material throughout the production line. As, smart manufacturing platform is based on automation and advanced technologies it increases the productivity and also maintains the quality of the product during the entire production cycle.
The changing dynamics of industries towards industry 4.0 is the major driving factor for the growth of smart manufacturing platform market. The advancement in the technologies and increasing adoption of automation in the manufacturing industry boosts the demand of smart manufacturing platform market, globally. The automation in the manufacturing processes enhances the overall productivity, reduces the manufacturing cost and optimizes the resources which impacts positively on the overall output of the manufacturing process. The increasing industrial concern to provide healthy working environment to the workers and stringent government regulations regarding the workers safety fuels the demand of smart manufacturing platform market.
The study analysis the smart manufacturing platform market based on product, organization size, end users and geography.
Major products of smart manufacturing platform covered in the study are manufacturing execution system, enterprise resource planning, supply chain planning, quality management planning and others. The manufacturing execution system segment is expected to drive the growth of smart manufacturing platform market. The manufacturing execution system provides the complete control and full visibility of production cycle to the operator, which fuels its demand in the several industries.
By organization size smart manufacturing market is bifurcated into large industries and small & medium sized industries. Large industries are contributing the major share in the growth of smart manufacturing platform market. The increasing adoption of advanced technologies is seen majorly in the large industries compared to the small and medium sized industries, as they have more capital to invest. The higher primary cost of smart manufacturing platform is the major restraining factor for the growth of small and medium size industries in the smart manufacturing platform market.
Major end users of the smart manufacturing platform are defence and aerospace, automotive, food and beverages, pharmaceuticals and consumer electronics. The defence and aerospace sector drives the growth of smart manufacturing platform market. The demand for smart manufacturing plant is increasing in the sector due to its customisable and highly quality control products.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World. North America held the largest market share of the smart manufacturing platform market and is likely to dominate the market over the estimated time frame. The increasing demand for smart manufacturing platforms in countries like US & Canada and increasing governments support for creating digital frame supports the growth of smart manufacturing platform market in the region.
The key competitors of this market ABB Ltd., Emerson Electric Company, Johnson Controls, Inc., Honeywell International, Inc, Schneider Electric (France), and Siemens AG,PTC Inc. (US), SAP SE (Germany), Emerson Electric Co. (US), GENERAL ELECTRIC (US), Hitachi (Japan), Robert Bosch GmbH (Germany) among others.
The study analysis the smart manufacturing platform market based on product, organization size, end users and geography. Major products of smart manufacturing platform covered in the study are manufacturing execution system, enterprise resource planning, supply chain planning, quality management planning and others. By organization size smart manufacturing market is bifurcated into large industries and small & medium sized industries. Major end users of the smart manufacturing platform are defence and aerospace, automotive, food and beverages, pharmaceuticals and consumer electronics. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World.
Why to Buy This Report:
