Semiconductor and Electronic Survey

The   Smart Manufacturing Market   was valued at USD 88.7 billion in 2021 and is anticipated to increase at a CAGR of 18.5% from 2022 to 2027, reaching USD 228.2 billion. The rising adoption of Industry 4.0, the increasing emphasis on industrial automation in manufacturing processes, the growing government support for industrial automation, the growing importance of regulatory compliances, the growing complexity of the supply chain, and the surging demand for software systems that save time and money are the main factors driving the global market for smart manufacturing. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105448439 During the forecast period, the market for digital twins is anticipated to develop at the fastest rate. From 2022 to 2027, the smart manufacturing market by enabling technologies for digital twins is anticipated to expand at a CAGR of 68.9%, from USD 2.1 billion in 2021 to USD 43.6 billion in 2027. With the use of d...

The   Smart Manufacturing Market   was valued at USD 88.7 billion in 2021 and is anticipated to increase at a CAGR of 18.5% from 2022 to 2027, reaching USD 228.2 billion. The industrial robots market shipped 351 thousand units in 2020, and it is anticipated that it will increase at a CAGR of 16.1% to reach 817 thousand units by 2026. The increasing adoption of Industry 4.0, the growing emphasis on industrial automation in manufacturing processes, the growing government support of industrial automation, the growing importance of regulatory compliances, the growing complexity of the supply chain, and the surging demand for software systems that save time and money are the main factors driving the global market for smart manufacturing. Information technology, enabling technology, industry, and region have all been used to segment the market for smart manufacturing. ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International...

The Global   Smart Manufacturing Market   was valued at USD 88.7 billion in 2021 and is projected to reach USD 228.2 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2022 to 2027. In terms of volume of industrial robots, the industrial robots market registered a shipment of 351 thousand units in 2020 and is expected to grow at a CAGR of 16.1% to reach 817 thousand units by 2026. The major drivers of the Smart Manufacturing Market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, growing emphasis on regulatory compliances, increasing complexities in the supply chain, and surging demand for software systems that reduce time and cost. The Smart Manufacturing Market has been segmented by information technology, enabling technology, industry, and region. Major companies offering Smart Manufacturing Technologies include ABB (Switzerla...