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Pulished Date April, 2021
ID: 11429
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Smart Manufacturing Platform market segmentation by Application (performance optimization, condition monitoring) By Type (Device management, Connectivity Management, Application enablement platform) By Industry (Process industry, Discrete industry) By Deployment Type (Cloud, On-site)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: April, 2021
ID: 11429
Pages: 175

Smart Manufacturing Platform Market Size, Trends & Growth (2021 - 2026)

Smart manufacturing platform technology enables an operator to control the production process by connecting equipment and devices with Internet access to an individual platform. The smart manufacturing platform not only verifies and monitors device performance but also helps optimize overall performance.

The smart manufacturing platform market is required to develop from $ 4.4 billion out of 2021 to $ 10.8 billion by 2026; It is relied upon to record a compound yearly development rate of 19.7%. The developing significance of Industry 4.0 and, in this way, of the keen production line are the fundamental development elements of the smart manufacturing platform market; the developing premiums of automation administrators in the smart manufacturing platform market are boosting the demand. Computerization with cloud specialist co-ops offers a chance to the market.

Recent Developments:

Komatsu is one of the world's leading manufacturers of excavators, diggers, and other heavy equipment. The company has decades of experience in manufacturing machines capable of digging, lifting, and moving all kinds of physical things.

  •  But when it comes to collecting and managing data to improve its own manufacturing and productivity capabilities, Komatsu needed help. Thus, he turned to the Azure cloud and thus to Microsoft specialists.
  • HANNOVER - SAP SE (NYSE: SAP) today announced the launch of SAP Digital Manufacturing Cloud, an alternative solution to help companies optimize performance, improve production quality and efficiency, and ensure worker safety. The new Cloud Solution expands and complements SAP's portfolio of on-site digital manufacturing solutions and is available in multiple packages to serve manufacturers of different sizes across industries and discrete and process processes within their respective organizations.
  • Initiatives that use IoT are increasing in the manufacturing industry worldwide. IoT adoption. Data-driven solutions are implemented by compiling the common method flows to collect data from devices and systems at a production site and to use site information. IoT platform solutions help improve production efficiency through system-wide optimization.

Drivers and Restraints of Smart Manufacturing Platform Market:

Drivers: 

Industrial automation has been one of the most important factors behind the adoption of an intelligent manufacturing platform. Manufacturers and operators are constantly investing and adopting new technologies to improve operational efficiency and reduce overall manufacturing and labor costs. The smart manufacturing platform has helped operators bring devices together on a single platform to monitor and improve conditional performance and predictive maintenance, thereby reducing maintenance costs. The move to cloud-based services for the deployment of a smart manufacturing platform is expected to become a dominant trend, given the system's ability to monitor and leverage processes from remote locations.

Restraints:

Lack of skilled manpower with IoT knowledge, cybersecurity threats, and implementation complexity are a number of key factors that should affect the platform market's overall growth. Smart ways of manufacturing. The overall market is expected to experience healthy demand in the coming years, given the wealth of benefits and high-cost savings in implementing a smart manufacturing platform.

Smart Manufacturing Platform Market Segmentation:

By application:

  • Performance Optimization
  • Condition Monitoring 

Smart manufacturing platforms are formable systems that are used to optimize performance on a larger network in real-time and run the entire production process autonomously. Platforms used for performance optimization enable real-time analysis of all processes, optimize machine usage, increase machine performance, reduce downtime to require timely corrective action, and reduce security incidents with real-time information on operations in critical industries successively leads to plant efficiency.

By type:

  • Device Management
  • Connectivity Management
  • Application Enablement Platform 

By industry:

  • Process Industry 
    • Automotive
    • Electronics & Semiconductors
    • Aerospace & Defence
    • Medical Devices
    • Industrial Manufacturing
  • Discrete Industry 
    • Food & Beverages
    • Metals & Mining
    • Power Generation
    • Oil & Gas
    • Chemicals
    • Pharmaceuticals 

Processors are forced to cut operating costs; for example, oil and gas producers have to cut production costs due to lower crude oil prices. The platforms can be used in various applications, including exploration of oil activities, optimization of fieldwork, equipment maintenance, job security, and predictive maintenance in refineries.

By deployment type:

  • Cloud
  • On-site

Smart Manufacturing Platform Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada

North America held in top position in leading the dominant shares of the smart manufacturing platform market with the rapid technological advances and the rate of adoption of new technologies are significantly higher in these regions than in the rest of the world.

  1. Europe
    1. Norway
    2. Germany
    3. Sweden

Europe is expected to have significant growth rate in the coming years by owing to increasing investments on the automation.

  1. Asia Pacific
    1. China
    2. India
    3. Japan

Countries like India, Japan, South Korea, and China have taken many initiatives to support IoT deployment in hosting their respective industries. These growing government initiatives to demand the latest automation technology are creating opportunities for this global market for smart manufacturing platforms.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina

The Latin American region is also expected to experience significant growth in demand due to government-supported initiatives in Brazil and Mexico for the import and adoption of technology.

  1. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

Microsoft Corporation (Microsoft, US), IBM Corporation (IBM, US), PTC Inc. (PTC, US), SAP SE (SAP, Germany), Hitachi, Ltd. ( Hitachi, Japan), Amazon.com, Inc. (Amazon, US), General Electric (GE, US)  Siemens AG (Siemens, Germany); Schneider Electric SE (Schneider Electric, France), ABB Group (ABB, Switzerland), Emerson Electric Co. (Emerson, US), Fujitsu Ltd. (Fujitsu, Japan), Accenture plc (Accenture, Ireland), Robert Bosch GmbH (Bosch, Germany), Oracle Corporation are some of the key players of this market.

IMPACT OF COVID-19 ON SMART MANUFATURING PLATFORM MARKET:

Because of the negative effect of COVD-19, a portion of the non-clinical manufacturing organizations have begun producing clinical related items, for example, masks, ventilators, and related segments, sanitizer, and others. This is one such approach to limit the effect of COVID-19 by the manufacturing organizations. Be that as it may, this is certainly not a drawn out methodology for endurance, and organizations need to concentrate on advancement to endure the pandemic.

Manufacturing execution frameworks offer organizations the capacity to screen constant manufacture and different activities of manufacturing plants. This significantly decreases the requirement for on location, and shop floor workers, along these lines keeping the lockdown and social separating commands to battle COVID-19. During post COVID-19, the market for MES is relied upon to enroll a bigger market size in 2020 when contrasted with 2019; be that as it may, since assembling enterprises have endured a significant shot, it will be trying to achieve the market size assessed pre-COVID-19 by 2025.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Aroma Market, By Type                   

                    6.1.1 Device Management 

                    6.1.2 Connectivity Management  

                    6.1.3 Application Enablement Platform  

                    6.1.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Aroma Market, By Application          

                    6.2.1 Performance Optimization  

                    6.2.2 Condition Monitoring         

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Aroma Market, By Industry              

                    6.3.1 Process Industry      

                    6.3.2 Discrete Industry     

                    6.3.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Aroma Market, By Deployment Mode                   

                    6.4.1 Cloud  

                    6.4.2 On-site         

                    6.4.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

                    7.2.4 By Industry    

                    7.2.5 By Deployment Mode         

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

                    7.3.4 By Industry    

                    7.3.5 By Deployment Mode         

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

                    7.4.4 By Industry    

                    7.4.5 By Deployment Mode         

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

                    7.5.4 By Industry    

                    7.5.5 By Deployment Mode         

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

                    7.6.4 By Industry    

                    7.6.5 By Deployment Mode         

8. Key Player Analysis                           

          8.1 Microsoft Corporation (Microsoft, US)                  

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 IBM Corporation (IBM, US)               

          8.3 PTC Inc. (PTC, US)                 

          8.4 SAP SE (SAP, Germany)          

          8.5 Hitachi, Ltd. ( Hitachi, Japan)           

          8.6 Amazon.com, Inc. (Amazon, US),               

          8.7 General Electric (GE, US)                  

          8.8 Siemens AG (Siemens, Germany)                

          8.9 Schneider Electric SE (Schneider Electric, France)            

          8.10 ABB Group (ABB, Switzerland)                  

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Smart Manufacturing Platform Market By Region, From 2021-2026 ( USD Billion )
  2. Global Smart Manufacturing Platform Market By Type, From 2021-2026 ( USD Billion )
  3. Global Device Management Market By Region, From 2021-2026 ( USD Billion )
  4. Global Connectivity Management Market By Region, From 2021-2026 ( USD Billion )
  5. Global Application Enablement Platform  Market By Region, From 2021-2026 ( USD Billion )
  6. Global Smart Manufacturing Platform Market By Application, From 2021-2026 ( USD Billion )
  7. Global Performance Optimization Market By Region, From 2021-2026 ( USD Billion )
  8. Global Condition Monitoring  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Smart Manufacturing Platform Market By Industry, From 2021-2026 ( USD Billion )
  10. Global Process Industry  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Discrete Industry  Market By Region, From 2021-2026 ( USD Billion )
  12. Global Smart Manufacturing Platform Market By Deployment Mode, From 2021-2026 ( USD Billion )
  13. Global Cloud Market By Region, From 2021-2026 ( USD Billion )
  14. Global On-site Market By Region, From 2021-2026 ( USD Billion )
  15. Global Smart Manufacturing Platform Market By Process Industry , From 2021-2026 ( USD Million )
  16. Global Automotive Market By Region, From 2021-2026 ( USD Million )
  17. Global Electronics & Semiconductors Market By Region, From 2021-2026 ( USD Million )
  18. Global Aerospace & Defence Market By Region, From 2021-2026 ( USD Million )
  19. Global Medical Devices Market By Region, From 2021-2026 ( USD Million )
  20. Global Industrial Manufacturing Market By Region, From 2021-2026 ( USD Million )
  21. Global Smart Manufacturing Platform Market By Discrete Industry, From 2021-2026 ( USD Million )
  22. Global Food & Beverages Market By Region, From 2021-2026 ( USD Million )
  23. Global Metals & Mining Market By Region, From 2021-2026 ( USD Million )
  24. Global Power Generation Market By Region, From 2021-2026 ( USD Million )
  25. Global Oil & Gas Market By Region, From 2021-2026 ( USD Million )
  26. Global Chemicals Market By Region, From 2021-2026 ( USD Million )
  27. Global Pharmaceuticals  Market By Region, From 2021-2026 ( USD Million )

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