Smart Manufacturing Market is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Smart Manufacturing Market Smart Manufacturing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By End User (Discrete Industry and Process Industry) and Component (Hardware and Software)

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Current and future Market Scenario

According to our new market research study on “Smart Manufacturing Market to 2028 – Global Analysis and Forecast – by End User, Component,” the market is expected to reach US$ 365.22 Billion by 2028 from US$ 258.72 billion in 2022.

Smart Manufacturing Market

Manufacturing

End User Discrete Industry Process Industry Component Hardware Software Regional scope North America Europe Asia Pacific Middle East & Africa South & Central America

Market Segments Smart

Market By

Leading Players Smart Manufacturing Market Company Profiles in Smart Manufacturing Market are: Yokogawa Electric Corporation Cisco Systems, Inc Honeywell International Inc. 3D Systems, Inc Daifuku Co., Ltd GENERAL ELECTRIC IBM Corporation Oracle Corporation Siemens AG Schneider Electric SE

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Smart Manufacturing Market is estimated to grow at a CAGR of 6.0% from 2022 to 2028.

Published on Nov 16, 2022

Harshal Naik

The smart manufacturing market was valued US$ 258.72 billion in 2022, it is estimated to grow at a CAGR of 6.0% from 2022 to 2028. Smart manufacturing uses execution control, analytics, and simulation to boost the high yield manufacturing process. Optimization through simulation and analytics is driving product and process improvements in the process. The global industrial sector is dynamic as it observes the deployment of numerous technologies, such as Industry 4.0 and the Industrial Internet of Things (IIoT). With factories reporting for ~40% of the world's energy consumption, the need to mitigate energy usage is crucial in encouraging manufacturers to adopt cost-effective, sustainable, precise, and reliable machinery. Machines are evolving and are reducing human intervention by introducing new interfaces such as augmented

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