Semiconductor and Electronic Survey

From 2022 to 2027, the   Smart Manufacturing Market   is anticipated to expand significantly at a compound annual growth rate (CAGR) of 18.5%. The market was estimated to be worth USD 97.6 billion in 2022, and by 2027 it is expected to be worth USD 228.3 billion. The main factors influencing this expansion are the rising emphasis on industrial automation in manufacturing processes and the growing adoption of Industry 4.0, which stresses the use of data and automation to increase productivity and efficiency. Governments all over the world are also backing industrial automation more and more, which is anticipated to fuel market expansion. The importance of regulatory compliances is also intensifying, the supply chain is becoming more complex, and the need for software systems that may save money and time is soaring. During the coming years, it is anticipated that these factors will continue to fuel the expansion of the smart manufacturing market. Download PDF Brochure @  https://www.mark

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 digital twins,