Smart Manufacturing Market: Yokogawa Electric Corporation


Pune, India, October 05, 2021 (GLOBE NEWSWIRE) – The world smart manufacturing market is poised to take advantage of the growing adoption of Industrial IoT and Industry 4.0. These are able to reduce expenses and improve production by quickly connecting customers to systems, warehouses and suppliers for product distribution. For example, GSMA Intelligence mentioned in a survey that by 2025, industrial IoT connections are expected to reach up to 13.8 billion units across the world. This information is published by Fortune Business Insights â„¢ in a report entitled “Smart Manufacturing Market, 2021-2028. According to the report, the market size was $ 225.73 billion in 2020. It is expected to grow from $ 249.46 billion in 2021 to $ 576.21 billion in 2028 at a CAGR of 12.7% during the period forecast.

COVID-19 Pandemic: Growing Need to Rebuild Business Models Will Drive Growth

The COVID-19 pandemic has created vital gaps between the supply chain and manufacturing units around the world. Several companies are struggling to rebuild their business continuity models to overcome such a crisis. At the same time, they are also discovering automation opportunities and investing huge sums in new supply chain models. According to Invest, for example, the Indian government invested 265 million USD in May 2020 as part of an “economic package”. Such initiatives by regulators would stimulate demand for smart manufacturing amid the pandemic. Our expertise and experience can offer huge benefits in helping you get back to business during this critical time.

To learn more about the short and long term impact of COVID-19 on this smart manufacturing market,

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A list of eminent Smart Manufacturing Software Solution Providers:

  • ABB SA (Zürich, Switzerland)
  • Siemens AG (Munich, Germany)
  • General Electric (Massachusetts, United States)
  • Mitsubishi Electric Corporation (Tokyo, Japan)
  • Robert Bosch GmBH (Gerlingen, Germany)
  • Rockwell Automation Inc. (Wisconsin, USA)
  • Schneider Electric (Rueil-Malmaison, France)
  • Honeywell International Inc. (North Carolina, USA)
  • Emerson Electric Co. (Missouri, United States)
  • Fanuc Corporation (Yamanashi, Japan)
  • Yokogawa Electric Corporation (Tokyo, Japan)
  • Telefonaktiebolaget LM Ericsson (Stockholm, Sweden)

Scope and segmentation of the Smart Manufacturing Market Share report:

Cover of the report Details
Forecast period 2021 to 2028
Forecast period 2021 to 2028 CAGR 12.7%
2028 value projection $ 576.21 billion
Year of reference 2020
Market size in 2020 $ 225.73 billion
Historical data for 2017 to 2019
Number of pages 140
Covered segments Making up; Deployment; Size of the company; Industry and geography
Growth drivers Investments in smart manufacturing industry to drive growth in Asia-Pacific
Urgent need to develop strong positions to stimulate growth

Pitfalls and challenges

High initial investment in smart manufacturing solutions to hamper market growth

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Conductors and restraints:

Urgent need to develop strong positions to stimulate growth

The growing demand for technologies compatible with IoT and Industry 4.0 is expected to accelerate the growth of the smart manufacturing market in the coming years. Another driver of growth is the increasing efficiency of production processes. Various emerging economies have started to establish a strong position in terms of the type of smart manufacturing. However, the requirement for high capital investments can be a hindrance for the smart manufacturing market.

Report Cover-

The report involves four notable activities to project the current size of this market. Extensive secondary research was conducted to collect data on the parent market. Our next step included primary research to analyze these sizes, assumptions, and results with many industry experts. We also used bottom-up and top-down methods to calculate the market size.

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Regional perspectives:

Investments in smart manufacturing industry to drive growth in Asia-Pacific

Geographically, Asia-Pacific held $ 79.09 billion in revenue in 2020. This growth is attributable to increasing business investment in the smart manufacturing industry. At the same time, in India, Japan and Australia, several small and medium enterprises are gradually trying to spend more on smart manufacturing solutions. North America, on the other hand, is expected to experience steady growth due to the increasing adoption of 3D printing. This is due to the low cost of the equipment and the availability of alternative printing materials in the region.

Industrial 3D printing sub-segment generated 10.2% share in 2020

On the basis of the component, the smart manufacturing market is divided into solutions and services. The services segment is further subdivided into managed services and professional services. Solutions segment is classified into Industrial 3D Printing, Programmable Logic Controller (PLC), Product Lifecycle Management (PLM), Manufacturing Execution System (MES), Process Automation robotics (RPA), remote monitoring software, supervision controller and data acquisition (SCADA). ), and others. Among these, the industrial 3D printing sub-segment gained 10.2% in terms of smart manufacturing market share in 2020. This growth is driven by strong demand for IoT for advanced automation processes, especially from the manufacturing industry.

Quick Buy – Smart Manufacturing Market:


  • introduction
    • Definition, by segment
    • Research methodology / approach
    • Information source
  • Key points to remember
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of the main players
    • Porter’s Five Forces Analysis
    • Global Smart Manufacturing Market Share Analysis and Matrix, 2020
  • Key market insights and strategic recommendations
  • Profiles of key players
    • Overview
      • Key management
      • Headquarters etc
    • Offers / business segments
    • Key details (Key details are subject to data availability in the public domain and / or on chargeable databases)
      • Employee size
      • Key financial data
        • Past and current income
        • Gross margin
        • Geographic share
        • Share of business segment
    • Recent developments
  • Annex / Appendix
    • Global Smart Manufacturing Market Size Estimates & Forecasts (Quantitative Data), By Segments, 2017-2028
      • By component (value)
        • Solution
          • Industrial 3D printing
          • Programmable logic controller (PLC)
          • Product lifecycle management (PLM)
          • Manufacturing Execution System (MES)
          • Robotic Process Automation (RPA)
          • Remote monitoring software
          • Supervision and data acquisition controller (SCADA)
          • Others (energy management systems, fleet management solutions, etc.)
        • Services
          • Professional services
          • Managed Services
      • By deployment (value)
      • By company size (value)
        • Small and medium-sized enterprises (SMEs)
        • Big business
      • By industry (value)
        • Discreet industry
          • Automotive
          • Transport
          • Industrial machinery
          • Medical equipement
          • Semiconductor and electronics / High-Tech
          • Others (Aeronautics and Defense, etc.)
        • Processing industry
          • Medications
          • Mines and metals
          • Chemical products
          • Pulp and paper
          • Others (Cable, etc.)
      • By region (value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America

Table of contents continued…!

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