The North America smart manufacturing market is expected to proliferate mainly due to the rapid growth of internet of things and the rising demand for automation in the region’s industrial sector, with quantified CAGR 7.87% during the forecast years 2019-2027. The regional market has been valued $ XX billions in 2018 and is expected to reach $ XX billions by 2027.

NORTH AMERICA SMART MANUFACTURING MARKET FORECAST 2019-2027

North America 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.

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Report Summary

Smart manufacturing is the process that utilizes computer controls, big data and other automatized procedures to improve manufacturing efficiencies. Technology connectivity and the advances in the contextualization of data are the crucial features that are needed for developing the techniques involved in smart manufacturing. The market for smart manufacturing supplies services that smoothens the hierarchies by allowing access to higher levels of business data to more individuals, which if absent would have been obtained through the clogged pathway of information transfer moving up and manual permit for access going down the hierarchy chain. The North America smart manufacturing market is expected to proliferate mainly due to the rapid growth of internet of things and the rising demand for automation in the region’s industrial sector, with quantified CAGR 7.87% during the forecast years 2019-2027. The regional market has been valued $ XX billions in 2018 and is expected to reach $ XX billions by 2027.

The growing focus of the manufacturers on increasing efficient productivity and the subsequent cost reduction is anticipated to push the North American market for adopting smart manufacturing technology. North America regional market has been bifurcated on the basis of the two major economies of the United States and Canada. The regional market for smart manufacturing is led by the U.S. tech giants, whose R&D, M&A and commercialization sects are rigorously invested by the companies themselves as well as by the federal government (Trump Administration). This is done to retake the American industrial base, which had been overtaken by the low labor cost countries.

New entrants can enter the market without much hindrance if they provide combined solutions packages. Although, the major competitive players of the smart manufacturing market in North America are Schneider Electric SE, Emerson Electric Co., Fanuc Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, Robert Bosch GMBH, ABB Ltd., Rockwell Automation Inc., Siemens AG, Yokogawa Electric Corporation and General Electric Company.

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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
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
GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
  - UNITED STATES
  - CANADA

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

TABLE LIST

TABLE 1 NORTH AMERICA SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027, (IN $ BILLION)

TABLE 2 NORTH AMERICA SMART MANUFACTURING MARKET, BY COMPONENT, 2019-2027, (IN $ BILLION)

TABLE 3 NORTH AMERICA SMART MANUFACTURING MARKET, BY TECHNOLOGY, 2019-2027, (IN $ BILLION)

TABLE 4 NORTH AMERICA SMART MANUFACTURING MARKET, BY END USER, 2019-2027, (IN $ BILLION)

TABLE 5 OPPORTUNITY MATRIX

TABLE 6 VENDOR LANDSCAPE

TABLE 7 NORTH AMERICA SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027 (IN $ BILLION)

FIGURE LIST

FIGURE 1 NORTH AMERICA 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 NORTH AMERICA SMART MANUFACTURING MARKET, BY DCS, 2019-2027, (IN $ BILLION)

FIGURE 6 NORTH AMERICA SMART MANUFACTURING MARKET, BY HMI, 2019-2027, (IN $ BILLION)

FIGURE 7 NORTH AMERICA SMART MANUFACTURING MARKET, BY MACHINE VISION, 2019-2027, (IN $ BILLION)

FIGURE 8 NORTH AMERICA SMART MANUFACTURING MARKET, BY 3D PRINTING, 2019-2027, (IN $ BILLION)

FIGURE 9 NORTH AMERICA SMART MANUFACTURING MARKET, BY PLM, 2019-2027, (IN $ BILLION)

FIGURE 10 NORTH AMERICA SMART MANUFACTURING MARKET, BY PAM, 2019-2027, (IN $ BILLION)

FIGURE 11 NORTH AMERICA SMART MANUFACTURING MARKET, BY AUTOMOTIVE SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 12 NORTH AMERICA SMART MANUFACTURING MARKET, BY AEROSPACE & DEFENSE SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 13 NORTH AMERICA SMART MANUFACTURING MARKET, BY CHEMICALS & MATERIALS SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 14 NORTH AMERICA SMART MANUFACTURING MARKET, BY HEALTHCARE SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 15 NORTH AMERICA SMART MANUFACTURING MARKET, BY INDUSTRIAL EQUIPMENT SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 16 NORTH AMERICA SMART MANUFACTURING MARKET, BY ELECTRONICS SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 17 NORTH AMERICA SMART MANUFACTURING MARKET, BY FOOD & AGRICULTURE SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 18 NORTH AMERICA SMART MANUFACTURING MARKET, BY OIL & GAS SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 19 NORTH AMERICA SMART MANUFACTURING MARKET, BY OTHER SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 20 PORTER’S FIVE FORCE MODEL

FIGURE 21 NORTH AMERICA SMART MANUFACTURING MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 22 UNITED STATES SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

FIGURE 23 CANADA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

Segmentation

GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
  - UNITED STATES
  - CANADA

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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