Asia Pacific Smart Manufacturing Market

Asia Pacific Smart Manufacturing Market by Enabling Technologies (Machine Vision System, Cyber Security, Cloud Analytics & Platform, Sensors & Transmitters, Industrial Robotics, Communications, Industrial Control Systems [Distributed Control System, Programmable Logic Controller, Supervisory Controller & Data Acquisition, Human Machine Interference, Manufacturing Execution Systems, and Product Lifecycle Management], and Others), End-users (Oil & Gas, Automotive, Pharmaceuticals, Food & Beverages, Chemical & Petrochemical, Semiconductor, Aerospace & Defense, and Others), and Geography (India, China, Japan, South Korea, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CM-1707
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 217
  • Format:
  • Pub. Date: Upcoming
  • Share:

The Asia Pacific smart manufacturing market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. Growth of the market is attributed to increasing emphasis on industrial automation in the manufacturing process, increasing government commitment to support industrial automation and reduce time and cost.

Asia Pacific Smart Manufacturing Market

Smart manufacturing is a process that aims to optimize the concept, production, and transaction process of a product. Smart manufacturing involves the use of automated equipment. This production reduces the workload and provides greater flexibility throughout the process. Automated manufacturing is fully integrated collaborative manufacturing equipment that can take action in real time to meet the different requirements and conditions of supply chains, factories, and customer needs. The smart manufacturing market in the Asia-Pacific region is mainly aimed at manufacturing. In the competition for the leader in the growth of smart manufacturing market, India ranks second after China because the government initiated an initiative to become a global leader in smart manufacturing applications and increase thousands of jobs.

The Covid-19 pandemic affected the demand and supply of Asia Pacific smart manufacturing market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising trend of industry 4.0, adoption of new automated machinery, and use of robotics in production is expected to boost the market during the forecast period.
  • Rapid growth of the manufacturing industry owing to make in India policy by government and setup of new manufacturing plants with automation tools is major factors fueling the market in the coming years.
  • Increasing demand for internet of things and online 3D printing is anticipated to drive the market during forecast period.
  • High investment cost for smart manufacturing systems and lack of standardization of equipment is projected to restrict the market growth.
  • Lack of skilled labor and constant software upgrades act as major factors that can hamper the market growth during the forecast period.
  • R&D investment and technological advancement in sensor technology and improvement in standardization of equipment is anticipated to offer lucrative opportunities for the market players.

Scope of the Report

The report on the Asia Pacific smart manufacturing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Manufacturing Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Enabling Technologies (Machine Vision System, Cyber Security, Cloud Analytics & Platform, Sensors & Transmitters, Industrial Robotics, Communications, Industrial Control Systems [Distributed Control System, Programmable Logic Controller, Supervisory Controller & Data Acquisition, Human Machine Interference, Manufacturing Execution Systems, and Product Lifecycle Management], and Others), and End-users (Oil & Gas, Automotive, Pharmaceuticals, Food & Beverages, Chemical & Petrochemical, Semiconductor, Aerospace & Defense, and Others)

Geography

India, China, Japan, South Korea, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Robert Bosch GmbH; Siemens AG; ABB Ltd.; Honeywell International Inc.; and Schneider Electric SE

Market Segment Insights

The distributed control system segment is anticipated to hold a major market share

In terms of enabling technologies, the market is segregated into machine vision system, cyber security, cloud analytics & platform, sensors & transmitters, industrial robotics, communications, industrial control systems, and others. The industrial control system segment is further segregated into distributed control system, programmable logic controller, supervisory controller & data acquisition, human machine interference, manufacturing execution systems, and product lifecycle management. The distributed control system segment is expected to represent a key share of the market during the forecast period owing to flexibility and simplicity of processes such as control, monitoring, and reporting, which helps it to become more visible in the market. On the other hand, the machine vision system segment is anticipated to expand at a rapid pace during the forecast period owing to a combination of hardware and software to provide operational control of image acquisition and processing equipment. These systems are based on sensors with special optical elements to process, analyze, and measure various features for decision-making. The main components of the vision system include lighting, lens, image sensor, vision, and communication. The automatic image processing system is a next-generation intelligent system, used for detection, identification, measurement, and verification in industrial applications. These systems are used to control automated robots, also known as "self-navigating robots." Industries such as the automotive, food and beverage, and pharmaceutical industries want to reduce labor-intensive processes and increase accuracy and speed.

Asia Pacific Smart Manufacturing Market

The oil & gas segment is expected to grow at a rapid pace

Based on end users, the Asia Pacific smart manufacturing market is fragmented into oil & gas, automotive, pharmaceuticals, food & beverages, chemical & petrochemical, semiconductor, aerospace & defense, and others. The oil & gas segment is projected to hold a key share of the market during the forecast period. Oil and gas industry is a pioneer in preventive maintenance. The key factor is the need to reduce maintenance costs through sensors that can now be easily installed on equipment, while reducing the risk of environmental disasters. The oil and gas industry generates large amounts of data, most of which include exploration, production and reservoir records such as drilling and logging, seismic surveys, traditional and professional core analysis, static pressure and flow. Solutions provided by suppliers in the region enable companies to automatically extract data from these documents using artificial intelligence technologies such as natural language processing and computer vision. This need for real-time data visualization and analysis has led to cooperation with analysis providers. Indian Petroleum Corporation decided to launch an artificial intelligence solution to combat oil thefts in parts of the country. Pipeline oil thefts in these areas are on the rise after that, Oil India plans to transmit the data to oil and gas collection stations in real time for detailed analysis, thereby immediately discovering operational disruptions.

Asia Pacific Smart Manufacturing Market

China is anticipated to dominate the market

On the basis of regions, the market is classified as India, China, Japan, South Korea, and Rest of Asia Pacific. China is anticipated to dominate the market during the forecast period. China is an integral part of Asia's growing shift towards smart applications. The Chinese government has strengthened smart manufacturing design by implementing various circuits and demonstrations while developing a standard system. Many large and medium-sized domestic manufacturers began to equip data analysis equipment to optimize production operations, improve equipment utilization and product quality, while reducing energy consumption and operating costs. This helps them plan manufacturing operations and product delivery to reduce costs and increase efficiency. Using data mining technology, engineers and technicians can gain new knowledge about machine failures. The automation system is one of the most modern production systems in the industry.

Asia Pacific Smart Manufacturing Market

Segments

Segments Covered in the Report

The Asia Pacific smart manufacturing market has been segmented on the basis of

Enabling Technologies

  • Machine Vision System
  • Cyber Security
  • Cloud Analytics & Platform
  • Sensors & Transmitters
  • Industrial Robotics
  • Communications
  • Industrial Control Systems
  • Distributed Control System
    • Programmable Logic Controller
    • Supervisory Controller & Data Acquisition
    • Human Machine Interference
    • Manufacturing Execution Systems
    • Product Lifecycle Management
  • Others

End Users

  • Oil & Gas
  • Automotive
  • Pharmaceuticals
  • Food & Beverages
  • Chemical & Petrochemical
  • Semiconductor
  • Aerospace & Defense
  • Others

Geography

  • India
  • China
  • Japan
  • South Korea
  • South East Asia

Key Players

  • Robert Bosch GmbH
  • Siemens AG
  • ABB Ltd.
  • Honeywell International Inc.
  • Schneider Electric SE

Competitive Landscape

Key players competing in the smart manufacturing market include Robert Bosch GmbH; Siemens AG; ABB Ltd.; Honeywell International Inc.; and Schneider Electric SE.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Asia Pacific Smart Manufacturing Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Manufacturing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Manufacturing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Manufacturing Market - Supply Chain
  4.5. Global Smart Manufacturing Market Forecast
     4.5.1. Smart Manufacturing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Manufacturing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Manufacturing Market Absolute $ Opportunity
5. Global Smart Manufacturing Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Smart Manufacturing Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Smart Manufacturing Demand Share Forecast, 2019-2026
6. North America Smart Manufacturing Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Smart Manufacturing Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Smart Manufacturing Demand Share Forecast, 2019-2026
7. Latin America Smart Manufacturing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Smart Manufacturing Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Smart Manufacturing Demand Share Forecast, 2019-2026
8. Europe Smart Manufacturing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Smart Manufacturing Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Smart Manufacturing Demand Share Forecast, 2019-2026
9. Asia Pacific Smart Manufacturing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Smart Manufacturing Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Smart Manufacturing Demand Share Forecast, 2019-2026
10. Middle East & Africa Smart Manufacturing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Smart Manufacturing Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Smart Manufacturing Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Smart Manufacturing Market: Market Share Analysis
  11.2. Smart Manufacturing Distributors and Customers
  11.3. Smart Manufacturing Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Robert Bosch GmbH Siemens AG ABB Ltd. Honeywell International Inc. Schneider Electric SE

Segments Covered in the Report

The Asia Pacific smart manufacturing market has been segmented on the basis of

Enabling Technologies

  • Machine Vision System
  • Cyber Security
  • Cloud Analytics & Platform
  • Sensors & Transmitters
  • Industrial Robotics
  • Communications
  • Industrial Control Systems
  • Distributed Control System
    • Programmable Logic Controller
    • Supervisory Controller & Data Acquisition
    • Human Machine Interference
    • Manufacturing Execution Systems
    • Product Lifecycle Management
  • Others

End Users

  • Oil & Gas
  • Automotive
  • Pharmaceuticals
  • Food & Beverages
  • Chemical & Petrochemical
  • Semiconductor
  • Aerospace & Defense
  • Others

Geography

  • India
  • China
  • Japan
  • South Korea
  • South East Asia

Key Players

  • Robert Bosch GmbH
  • Siemens AG
  • ABB Ltd.
  • Honeywell International Inc.
  • Schneider Electric SE

Key players competing in the smart manufacturing market include Robert Bosch GmbH; Siemens AG; ABB Ltd.; Honeywell International Inc.; and Schneider Electric SE.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Asia Pacific Smart Manufacturing Market

Buy Report