Smart Manufacturing is the fully-integrated and collaborative manufacturing system that responds in real time to meet varying demands and conditions in the factory, in the supply network and customer needs. The Asia Pacific regional market for smart manufacturing majorly targets the burgeoning manufacturing hubs of countries like China and Korea, particularly their automotive, electronics and component manufacturing sectors mainly due to the high rate of outsourcing in these sectors. The said regional market is expected to propel its growth at 10.50% CAGR during the forecast period in the APAC region.
ASIA PACIFIC SMART MANUFACTURING MARKET FORECAST 2019-2027
Asia Pacific Smart Manufacturing Market by Component (Hardware, Software, Services), by Technology (Mes (Manufacturing Execution System),plc (Programmable Logic Controller), Erp (Enterprise Resource Planning), Scada (Supervisory Control and Data Acquisition), Dcs (Distributed Control System), Hmi (Human-machine Interface), Machine Vision, 3d Printing, Plm (Product Lifecycle Management), Pam (Purchase Activated Manufacturing)), by End User (Automotive, Aerospace & Defense, Chemicals & Materials, Healthcare, Industrial Equipment, Electronics, Food & Agriculture, Oil & Gas, Others), & Geography.
Smart Manufacturing is the fully-integrated and collaborative manufacturing system that responds in real time to meet varying demands and conditions in the factory, in the supply network and customer needs. The Asia Pacific regional market for smart manufacturing majorly targets the burgeoning manufacturing hubs of countries like China and Korea, particularly their automotive, electronics and component manufacturing sectors mainly due to the high rate of outsourcing in these sectors. The said regional market is expected to propel its growth at 10.50% CAGR during the forecast period in the APAC region.
The markets of China, India, Japan, Australia, South Korea & the collective countries from the Rest of Asia Pacific region are the major revenue contributors to the largest valued market of Asia-Pacific. China is predicted to comprise the fastest growing market in the world in the next decade, as the country is ready to make massive investments for the adoption integration of IoT solutions in its manufacturing industries alone to upgrade its digital processing capabilities. India comes in second behind China in the run towards the pinnacle of the smart manufacturing market growth in Asia-Pacific region, as the country’s government has proposed initiatives to lead the world in smart manufacturing applications and increase its employment numbers by thousands.
ABB Ltd., Emerson Electric Co., Schneider Electric SE, Fanuc Corporation, General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Robert Bosch GMBH, Rockwell Automation Inc., Siemens AG and Yokogawa Electric Corporation are the major market players in the Asia-Pacific region that have integrated the smart manufacturing technologies heavily.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- SOFTWARE COMPONENT IS PROJECTED TO GROW AT A SIGNIFICANT CAGR
- 3D PRINTING TECHNOLOGY IS EXPECTED TO SHOW HIGHEST GROWTH RATE
- AUTOMOTIVE IS THE LARGEST AND THE FASTEST GROWING END USER IN THE SMART MANUFACTURING MARKET
- MARKET DYNAMICS
- MARKET DEFINITION & SCOPE
- MARKET DRIVERS
- RAPID GROWTH OF INTERNET OF THINGS
- RISING DEMAND FOR AUTOMATION, QUALITY AND EFFICIENCY
- REQUIREMENT OF COMPLIANCE AND GOVERNMENT SUPPORT FOR DIGITIZATION
- MARKET RESTRAINTS
- SECURITY CONCERNS
- HIGH CAPITAL INVESTMENT REQUIRED FOR SETTING UP SMART MANUFACTURING
- MARKET OPPORTUNITIES
- CONTINUOUS GROWTH OF THE AEROSPACE AND DEFENSE INDUSTRY
- PREFERENCE OF CUSTOMER TOWARDS DURABLE AND CHEAP PRODUCTS
- MARKET CHALLENGES
- COLLECTION OF IRRELEVANT DATA LEAD TO POOR ANALYSIS OF PROBLEM
- SMART MANUFACTURING LEADING TO UNEMPLOYMENT
- MARKET BY COMPONENT
- HARDWARE
- SOFTWARE
- SERVICES
- MARKET BY TECHNOLOGY
- MES (MANUFACTURING EXECUTION SYSTEM)
- PLC (PROGRAMMABLE LOGIC CONTROLLER)
- ERP (ENTERPRISE RESOURCE PLANNING)
- SCADA (SUPERVISORY CONTROL AND DATA ACQUISITION)
- DCS (DISTRIBUTED CONTROL SYSTEM)
- HMI (HUMAN-MACHINE INTERFACE)
- MACHINE VISION
- 3D PRINTING
- PLM (PRODUCT LIFECYCLE MANAGEMENT)
- PAM (PURCHASE ACTIVATED MANUFACTURING)
- MARKET BY END USER
- AUTOMOTIVE
- AEROSPACE & DEFENSE
- CHEMICALS & MATERIALS
- HEALTHCARE
- INDUSTRIAL EQUIPMENT
- ELECTRONICS
- FOOD & AGRICULTURE
- OIL & GAS
- OTHERS
- KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- THREAT OF COMPETITIVE RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- PORTER’S FIVE FORCE MODEL
- GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- AUSTRALIA
- SOUTH KOREA
- REST OF ASIA PACIFIC (ROAPAC)
- ASIA PACIFIC
- COMPETITIVE LANDSCAPE
- COMPANY PROFILE
- ABB LTD.
- EMERSON ELECTRIC CO.
- FANUC CORPORATION
- GENERAL ELECTRIC COMPANY
- HONEYWELL INTERNATIONAL INC.
- MITSUBISHI ELECTRIC CORPORATION
- ROBERT BOSCH GMBH
- ROCKWELL AUTOMATION INC.
- SCHNEIDER ELECTRIC SE
- SIEMENS AG
- YOKOGAWA ELECTRIC CORPORATION
- COMPANY PROFILE
TABLE LIST
TABLE 1 ASIA PACIFIC SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027, (IN $ BILLION)
TABLE 2 ASIA PACIFIC SMART MANUFACTURING MARKET, BY COMPONENT, 2019-2027, (IN $ BILLION)
TABLE 3 ASIA PACIFIC SMART MANUFACTURING MARKET, BY TECHNOLOGY, 2019-2027, (IN $ BILLION)
TABLE 4 ASIA PACIFIC SMART MANUFACTURING MARKET, BY END USER, 2019-2027, (IN $ BILLION)
TABLE 5 OPPORTUNITY MATRIX
TABLE 6 VENDOR LANDSCAPE
TABLE 7 ASIA PACIFIC SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027 (IN $ BILLION)
LIST OF FIGURES
FIGURE 1 ASIA PACIFIC SMART MANUFACTURING MARKET SHARE, BY END USER 2018 & 2027 (%)
FIGURE 2 SOFTWARE COMPONENT OF SMART MANUFACTURING MARKET, 2019 – 2027 (IN $ BILLION)
FIGURE 3 3D PRINTING FOR SMART MANUFACTURING MARKET, 2019 – 2027 (IN $ BILLION)
FIGURE 4 AUTOMOTIVE SMART MANUFACTURING MARKET ($ BILLION)
FIGURE 5 ASIA PACIFIC SMART MANUFACTURING MARKET, BY DCS, 2019-2027, (IN $ BILLION)
FIGURE 6 ASIA PACIFIC SMART MANUFACTURING MARKET, BY HMI, 2019-2027, (IN $ BILLION)
FIGURE 7 ASIA PACIFIC SMART MANUFACTURING MARKET, BY MACHINE VISION, 2019-2027, (IN $ BILLION)
FIGURE 8 ASIA PACIFIC SMART MANUFACTURING MARKET, BY 3D PRINTING, 2019-2027, (IN $ BILLION)
FIGURE 9 ASIA PACIFIC SMART MANUFACTURING MARKET, BY PLM, 2019-2027, (IN $ BILLION)
FIGURE 10 ASIA PACIFIC SMART MANUFACTURING MARKET, BY PAM, 2019-2027, (IN $ BILLION)
FIGURE 11 ASIA PACIFIC SMART MANUFACTURING MARKET, BY AUTOMOTIVE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 12 ASIA PACIFIC SMART MANUFACTURING MARKET, BY AEROSPACE & DEFENSE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 13 ASIA PACIFIC SMART MANUFACTURING MARKET, BY CHEMICALS & MATERIALS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 14 ASIA PACIFIC SMART MANUFACTURING MARKET, BY HEALTHCARE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 15 ASIA PACIFIC SMART MANUFACTURING MARKET, BY INDUSTRIAL EQUIPMENT SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 16 ASIA PACIFIC SMART MANUFACTURING MARKET, BY ELECTRONICS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 17 ASIA PACIFIC SMART MANUFACTURING MARKET, BY FOOD & AGRICULTURE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 18 ASIA PACIFIC SMART MANUFACTURING MARKET, BY OIL & GAS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 19 ASIA PACIFIC SMART MANUFACTURING MARKET, BY OTHER SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 20 PORTER’S FIVE FORCE MODEL
FIGURE 21 ASIA PACIFIC SMART MANUFACTURING MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)
FIGURE 31 INDIA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 32 CHINA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 33 JAPAN SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 34 AUSTRALIA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 35 SOUTH KOREA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 36 REST OF ASIA PACIFIC SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- AUSTRALIA
- SOUTH KOREA
- REST OF ASIA PACIFIC (ROAPAC)
- ASIA PACIFIC
- MARKET BY COMPONENT
- HARDWARE
- SOFTWARE
- SERVICES
- MARKET BY TECHNOLOGY
- MES (MANUFACTURING EXECUTION SYSTEM)
- PLC (PROGRAMMABLE LOGIC CONTROLLER)
- ERP (ENTERPRISE RESOURCE PLANNING)
- SCADA (SUPERVISORY CONTROL AND DATA ACQUISITION)
- DCS (DISTRIBUTED CONTROL SYSTEM)
- HMI (HUMAN-MACHINE INTERFACE)
- MACHINE VISION
- 3D PRINTING
- PLM (PRODUCT LIFECYCLE MANAGEMENT)
- PAM (PURCHASE ACTIVATED MANUFACTURING)
- MARKET BY END USER
- AUTOMOTIVE
- AEROSPACE & DEFENSE
- CHEMICALS & MATERIALS
- HEALTHCARE
- INDUSTRIAL EQUIPMENT
- ELECTRONICS
- FOOD & AGRICULTURE
- OIL & GAS
- OTHERS
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