Impact of COVID-19 on Smart Manufacturing Market by Information Technology (WMS, MES, PAM, EMS, HMI and IC); By Industry (Process and Discrete) and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030 Product Overview Smart manufacturing is a type of computer-integrated production technologies which aims to enhance the demand-based productivity. Due to its advantages, this technologically advanced system is widely adopted by many of the production plants to improve the efficient production and quality of products. Additionally, rising demand for mechanization of current production processes is expected to bolster market growth with rapid industrialization and modernization, mainly in developing nations. Market highlights Global smart manufacturing market size is expected to rise from USD 183 billion in 2020 to USD 350 billion by 2030, a CAGR of 6%. The 2020 forecast is down 15% compared with the pre-COVID-19 assessment. Factors influencing the growth of the smart manufacturing market involve the demand for COVID-19-propelled smart manufacturing products & solution, the importance of digital twin in sustaining activities within the manufacturing environment, and the evolving and expanding role of collaborative robots in the health and industrial sectors. Smart Manufacturing Market: Segments The COVID-19 is predicted to have the greatest impact on the Aviation by Industry type in 2020 As regards implementing smart manufacturing technologies, the international aviation industry is well ahead of any other market. Some of the essential smart manufacturing solutions embraced for the development of aerospace applications in this industry involve software simulators, remote surveillance solutions, VR solutions, and supply chain management systems based on AI. Nevertheless, owing to the quick spread of COVID-19, corporations such as Boeing, Airbus, Bombardier, and Embraer either halted or decreased the manufacturing of aircraft. This has adversely affected the demand for smart fabrication solutions needed in the aviation industry. Due to supply chain disturbances and travel restrictions triggered by lockdowns in many countries around the world, the sector is anticipated to see negative growth the time being. Smart Manufacturing Market: Market Dynamics Drivers Enhanced Productivity Smart manufacturing procedures make data more accessible across a whole supply chain network. Real-time data shows when and what the producer wants, making it more effective for manufacturers who can quickly respond to orders. They have what's needed to minimize waste and any disruption dealing with missing pieces. Restriction Disruption of the supply chain Disruption of the supply chain of the manufacturing sector is anticipated to negatively affect the demand for smart manufacturing systems and applications. Coronavirus has originated from Wuhan (China), where various factories supplying components, parts, and semi-finished goods manufacturing units are located. Wuhan was held under lockdown for about three months to prevent the spread of the disease. COVID 19 Impact on Smart Manufacturing Market Initially, there has been significant growth in the global smart manufacturing market due to rapid growth in the adoption of automated systems in almost all production methods. During this unanticipated coronavirus pandemic, however, caused by sudden lock of about all manufacturing industries, the market is anticipated to experience an unforeseeable severe collapse in 2020. Likewise, due to initial shutdown of manufacturing plants globally, the global market is seeing a decrease in product quality. But due to wide use of automated systems in the manufacturing facilities, the market is expected to significantly regain the growth. Coronavirus originated in china, a manufacturing hub that supplies raw materials and significant intermediate products to many other manufacturing industries around the globe. Smart Manufacturing Market: Regions Smart Manufacturing Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA. From 2020 to 2030 APAC is projected to continue accounting for the largest share of the global smart manufacturing market. In APAC, rapid industrialization has strengthened the manufacturing industry. Countries in APAC have the existence of a strong number of small and medium-sized enterprises (SMEs), which employ a huge number of the country's total population. Due to COVID-19, however, the smart manufacturing market size in APAC is predicted to reduce in 2020; but its share of the market among other areas is projected to remain high. The APAC market is likely to rebuild only after 2021. Europe is expected to rise at a high CAGR of 7.3 per cent and is expected to generate sufficient revenue opportunities over the forecast period. Growing demand for technically sophisticated methods of production across multiple vertical industries like automotive, consumer electronics, construction, and other industries would fuel market growth around the globe. Smart Manufacturing Market: Key Players • Ericsson (Sweden) o Company Overview o Business Strategy o Key Product Offerings o Financial Performance o Key Performance Indicators o Risk Analysis o Recent Development o Regional Presence o SWOT Analysis • Emerson (US) • Honeywell (US) • Rockwell (US) • ABB (Switzerland) • Schneider (France) • IBM (US) • General Electric (US) • Siemens (Germany), • Other Prominent Players The Smart Manufacturing Market report also contains analysis on: • Smart Manufacturing Market Segments: • By Information Technology: Human-Machine Interface (HMI) Enterprise Manufacturing Intelligence (EMS) Plant Asset Management (PAM) Manufacturing Execution System (MES) Industrial Communication (IC) Warehouse Management System (WMS) • By Industry Process Industry o Oil & Gas o Food & Beverages o Pharmaceuticals o Chemicals o Energy & Power o Metals & Mining o Pulp & Paper o Others Discrete Industry o Automotive o Aviation o Aerospace & Defense o Semiconductor & electronics o Medical Devices o Machine Manufacturing o Others • Smart Manufacturing Market Dynamics • Smart Manufacturing Market Size • Supply & Demand • Current Trends/Issues/Challenges • Competition & Companies Involved in the Market • Value Chain of the Market • Market Drivers and Restraints
Contents 1. Executive Summary 2. Smart Manufacturing 2.1. Smart Manufacturing Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Market Dynamics 5.1. Growth Drivers 5.2. Restraints 5.3. Opportunity 5.4. Trends 6. Recent Development, Policies & Regulatory Landscape 7. Risk Analysis 7.1. Demand Risk Analysis 7.2. Supply Risk Analysis 8. Smart Manufacturing Industry Analysis 8.1. Porters Five Forces 8.1.1. Threat of New Entrants 8.1.2. Bargaining Power of Suppliers 8.1.3. Threat of Substitutes 8.1.4. Rivalry 8.2. PEST Analysis 8.2.1. Political 8.2.2. Economic 8.2.3. Social 8.2.4. Technological 9. Global Smart Manufacturing Market 9.1. Market Size & forecast, 2019A-2030F 9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 9.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10. Global Smart Manufacturing: Market Segmentation 10.1. By Regions 10.1.1. North America: (U.S. and Canada) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa) • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.2. By Industry: Market Share (2020-2030F) 10.2.1. Discreet, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.2.2. Process, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3. By Information Technology: Market Share (2020-2030F) 10.3.1. WMS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3.2. MES, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3.3. PAM, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3.4. EMS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 10.3.5. HMI, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 11. Company Profile 11.1. Ericsson (Sweden) 11.1.1. Company Overview 11.1.2. Company Total Revenue (Financials) 11.1.3. Market Potential 11.1.4. Global Presence 11.1.5. Key Performance Indicators 11.1.6. SWOT Analysis 11.1.7. Product Launch 11.2. ABB (Switzerland) 11.3. Emerson (US) 11.4. Honeywell (US) 11.5. Rockwell (US) 11.6. ABB (Switzerland) 11.7. Schneider (France) 11.8. IBM (US) 11.9. General Electric (US) 11.10. Siemens (Germany), 11.11. 12. Consultant Recommendation **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.