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

About the Report

About the Report

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. Through policy measures to help industrial automation to transform batch, discrete, and continuous production systems into smart manufacturing to reduce delays and human errors in industrial operations would also raise the usage of smart manufacturing systems.

Market highlights

The 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 Expected Market Growth

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.

The momentary transition to the production of important medical products is anticipated to fuel the growth in smart manufacturing

Due to various COVD-19's adverse effects, some non-medical production firms have initiated manufacturing medical-related items such as masks, ventilators, and associated equipment, sanitizers, and others. It is one way by which the manufacturing companies can mitigate the effect of COVID-19. It is not, however, a long-term survival plan and businesses need to concentrate on creativity to withstand the pandemic.

The smart-manufacturing execution system is anticipated to have high market share in the forecast period 

Manufacturing execution systems allow businesses to track production and other manufacturing plant activities in real-time. It significantly eliminates the need for on-site and shop floor staff, thereby complying with COVID-19's lockout and social distancing requirements.

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.

Innovation, and goods of higher quality

Money is saved when productivity is enhanced which can then be invested in product design and development. When processed, data from smart manufacturing reveals where the consumer needs are and managers may identify prospects for better quality new products or re-imagined goods. Moreover, growing numbers of small and medium-sized businesses are also projected to increase the size of the market along with the growing adoption of improved manufacturing techniques to decrease labor costs.

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. Production units were shuttered during those months and could not produce any goods. It created a huge impact on production plants worldwide and sprained the entire supply chain. Manufacturing units were widely affected. Currently, the majority of manufacturing companies all over the world are focusing solely on saving their company and cash flow, instead of investing in goods and technologies for smart growth.

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 a sudden lock of about all manufacturing industries, the market is anticipated to experience an unforeseeable severe collapse in 2020. Likewise, due to the initial shutdown of manufacturing plants globally, the global market is seeing a decrease in product quality. But due to the wide use of automated systems in the manufacturing facilities, the market is expected to significantly regain growth.   Coronavirus originated in china, a manufacturing hub that supplies raw materials and significant intermediate products to many other manufacturing industries around the globe. This trend is having a significant effect on the growth of the smart manufacturing industry and manufacturing units are experiencing a decline in business growth. Global lockout, for example, has a major effect on the automobile industry, and vehicle sales are decreasing.

However, during this crisis, several governments are actively taking steps to help businesses. For example, to promote economic activity, Bank Negara Malaysia (BNM) has been expanding the existing financial assistance for small and medium-sized enterprises (SMEs). SMEs are also anticipated to further benefit from the automation and digitalization facilities to improve production process efficiency.

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 percent 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 is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Smart Manufacturing Market: Key Players

  • Ericsson (Sweden)
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • 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
    • Oil & Gas
    • Food & Beverages
    • Pharmaceuticals
    • Chemicals
    • Energy & Power
    • Metals & Mining
    • Pulp & Paper
    • Others
  • Discrete Industry
    • Automotive
    • Aviation
    • Aerospace & Defense
    • Semiconductor & electronics
    • Medical Devices
    • Machine Manufacturing
    • 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

Products

Table of Contents

Table of Contents

Contents        

  1. Executive Summary

  2. Smart Manufacturing

    1. Smart Manufacturing Product Overview
    2. Market Definition
    3. Segmentation
    4. Assumptions and Acronyms
  3. Research Methodology

    1. Research Objectives
    2. Primary Research
    3. Secondary Research
    4. Forecast Model
    5. Market Size Estimation
  4. Average Pricing Analysis

  5. Market Dynamics

    1. Growth Drivers
    2. Restraints
    3. Opportunity
    4. Trends
  6. Recent Development, Policies & Regulatory Landscape

  7. Risk Analysis

    1. Demand Risk Analysis
    2. Supply Risk Analysis
  8. Smart Manufacturing Industry Analysis

    1. Porters Five Forces
      1. The threat of New Entrants
      2. Bargaining Power of Suppliers
      3. Threat of Substitutes
      4. Rivalry
    2. PEST Analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
  9. Global Smart Manufacturing Market

    1. Market Size & forecast, 2019A-2030F
      1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
  10. Global Smart Manufacturing: Market Segmentation

    1. By Regions
      1. North America: (U.S. and Canada)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      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
      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
      5. The Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
  11. By Industry: Market Share (2020-2030F)

    1. Discreet, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    2. Process, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
  12. By Information Technology: Market Share (2020-2030F)

    1. WMS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    2. MES, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    3. PAM, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    4. EMS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
  13. Company Profile

    1.  Ericsson (Sweden)
      1. Company Overview
      2. Company Total Revenue (Financials)
      3. Market Potential
      4. Global Presence
      5. Key Performance Indicators
      6. SWOT Analysis
      7. Product Launch
    2. ABB (Switzerland)
    3. Emerson (US)
    4. Honeywell (US)
    5. Rockwell (US)
    6. ABB (Switzerland)
    7. Schneider (France)
    8. IBM (US)
    9. General Electric (US)
    10. Siemens (Germany),
  14. Consultant Recommendation

**The above-given segmentation and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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