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  • Home » Global Smart Manufacturing Market Revenue to Expand at a CAGR of 11.8% Between 2020 and 2029

Global Smart Manufacturing Market Revenue to Expand at a CAGR of 11.8% Between 2020 and 2029

January 6, 2020 by MarketResearch.biz Crew

global smart manufacturing market infographics

The global smart manufacturing market is segmented on the basis of information technology, industry, enabling technology, and region.

Based on information technology, the market is divided into enterprise manufacturing intelligence, human machine interface (HMI), manufacturing execution system, plant asset management, industrial communications, and warehouse management system. Among these segments, the HMI segment is expected to record highest revenue share of US$ 53.4 Billion in 2019.

Based on enabling technology, the market is bifurcated into industrial IoT, collaborative robots, AI in manufacturing, industrial 3D printing, industrial machine vision, machine condition monitoring, digital twin, automated guided vehicle, and industrial cybersecurity. The industrial IoT segment is estimated to record highest revenue share of 26.3% in 2019.

Regions considered in the report include North America (NA), Europe (EU), Asia Pacific (APAC), South America (SA), and Middle East & Africa (MEA). Asia Pacific market is projected to record highest revenue share of US$ 64.8 Billion in 2019.

Key players profiled in the global smart manufacturing market report include ABB Ltd., Honeywell International Inc., Emerson Electric Co., Mitsubishi Electric Corporation, FANUC Corporation, Siemens Aktiengesellschaft, Yokogawa Electric Corporation, General Electric Company, Rockwell Automation, Inc., and Schneider Electric SE.

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