#Stratasys insight download download
#Stratasys insight download free

Latin America (Brazil, Mexico, Argentina, and Rest of Latin America).

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe).

Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and the Rest of Asia Pacific).

in the following regions and/or countries: The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. The Latin America and the Middle East and Africa markets though, still at nascent stages, are experiencing decent growth. Asia-Pacific, experiencing high industrialization, occupied a 25% share in 2017. Massive investments in smart manufacturing technologies, tax subsidies for manufacturers, and innovations in robotics have fuelled the growth of the smart manufacturing market in the region.

North America is leading the innovation in the smart manufacturing market, and occupied approximately 27% of the global market in 2017.

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The chemicals and materials, food and agriculture, and healthcare sectors are also some of the promising areas for the implementation of smart manufacturing technologies.ĭownload Free Sample of This Strategic Report: – Increased use of robots in industrial control mechanisms will drive the automotive and industrial equipment end users segment, at CAGRs of 15.6% and 11.2% respectively, during the 2018-2023 period. This is fuelled by the increased production of advanced aircraft, such as the Boeing 787 and Airbus A350. The highest adoption of smart manufacturing is expected in the aerospace sector, which will expand at a CAGR of 25% during the forecasted period. Smart factories have also shown steady growth, brought about by 3D printing and distributed manufacturing control systems. A concerted effort by the industrial sectors and technology firms have resulted in innovative solutions to cater to IIoT. The industrial automation segment occupied the largest market share (49%) globally, in 2017, followed by the Industrial Internet of Things (IIoT) (33%). Need for data-driven decision making, intense cost competition, and streamlining of manufacturing processes for higher productivity are the key driving forces of this market.Īdvancements in digital technologies such as machine learning, machine vision, and motion control, have led to the higher adoption of industrial automation in several sectors, with greater prominence in the automotive sector.

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Request To Download Free Sample of This Strategic Report: – Key Companies Covered in the Smart Manufacturing Market Research are KUKA, ABB Ltd, Cisco Systems, Inc., IBM Security, The Raytheon Company, Stratasys, Ltd., The Emerson Electric Co., Alpine Data Labs, SAP SE, Maersk and other key market players.

The Smart Manufacturing Market is expected to expand at a compound annual growth rate (CAGR) of 15.75% during the 2018-2023 period.