The report "Smart Manufacturing Market by Enabling Technology (Condition Monitoring, Artificial Intelligence, IIoT, Digital Twin, Industrial 3D Printing), Information Technology (WMS, MES, PAM, HMI), Industry, and Region - Global Forecast to 2025", is expected to be worth USD 214.7 billion in 2020 and USD 384.8 billion by 2025, growing at a CAGR of 12.4% from 2020 to 2025. Factors that drive the growth of the market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, rising emphasis on regulatory compliances, increasing complexities in the supply chain, and surging demand for software systems that reduce time and cost.
Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105448439
Smart Manufacturing Market and Top information technology
Industrial Communication
Industrial communication is a combination of components, software, and standard protocols that allows man-to-machine and machine-to-machine communication across various industries. Efficient, reliable, and secure industrial communications help in improving operational efficiency and reducing the overall operational cost of organizations. Industrial communication plays a significant role in industries such as oil & gas, electronics, automotive, and energy & power.
Manufacturing Execution System
Manufacturing execution system (MES) is a computerized control system that integrates with enterprise resource planning (ERP) solutions to manage and monitor work in a manufacturing firm. It can process several tasks by controlling the number of production processes. It helps to maintain all the data related to manufacturing, such as raw materials converted into finished goods and related documentation, and data from robots and employees. MES solutions help in improving productivity as well as reduce production cycle time required for an order to be completed. MES helps to maintain the updated data pertaining to the product life cycle, product quality, order execution and dispatch, resource scheduling, downtime management for overall equipment effectiveness (OEE), and production analysis.
Plant Asset Management
PAM is a software system that leverages the intelligence ingrained in the assets and uses different measurement technologies to protect and predict the health of the assets. It provides valuable information about the condition of the asset over the entire life cycle. This information is used for optimizing plant operations and maintenance, increasing production capacity, and implementing predictive maintenance and operational strategies. PAM is the source of information that helps different business solutions such as enterprise asset management (EAM) and computerized maintenance management system (CMMS) to operate smoothly
Human Machine Interface
HMI enables operators and line supervisors to coordinate and control manufacturing processes in plants. It acts as an interface between the user and the machine. HMI is also known as MMI. The interface comprises hardware and software that assist operators in converting complex process variables into actionable and usable information. It reduces human involvement in the manufacturing process, which increases the productivity and safety of operators. HMI software gathers data from other integrated systems, processes data, and provides a visual representation to an operator. HMI offers various advantages such as error reduction, enhanced efficiency, and improved reliability; thus encouraging adoption among different end-user industries.
Enterprise manufacturing intelligence
Enterprise manufacturing intelligence, is a term used to describe software used for the collection of manufacturing-related data from various sources across departments in a corporation. This software interprets/analyses manufacturing-related data from various sources, which is utilized for reporting, decision making and visualization, and to pass this intelligent data between plant floor systems and enterprise level. This data is deployed for increased productivity and improved efficiency in manufacturing processes, which would lead to significant monetary and productivity gains at the enterprise level.
Smart manufacturingmarket in APAC to grow at highest CAGR from 2020 to 2025
The smart manufacturing market in APAC is expected to grow at the highest CAGR globally from 2020 to 2025. China is one of the fastest-growing economies in the world and a global manufacturing hub for semiconductor and automotive industries. This is leading to the increasing adoption of advanced manufacturing technologies such as HMI, MES, AI, condition monitoring, AGV, and WMS. Smart manufacturing technologies are used in these industries to enhance the overall performance of manufacturing plants and improve production output. In addition, the growing economy and technological developments in various industries encourage the application of these technologies for monitoring and controlling production processes.
A few other companies involved in the development of smart manufacturing solutions include 3D Systems (US ), CISCO (US), General Electric (US), Honeywell (US), IBM (Europe), Mitsubishi Corporation (Japan), Schneider (Europe), Siemens (Europe), Oracle (US), SAP (Europe), Yokogawa (Japan) and Stratasys (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment