India smart manufacturing market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising government initiatives for driving the manufacturing industry in India through ‘Make in India’ initiative. Moreover, the ease of FDI is further attracting the attention of the market players in the country. In November 2019, Schneider Electric opened its smart factory in Hyderabad, India. It is the second smart factory facility inaugurated by the company in India. With such rising development of smart factories, the market for smart manufacturing in India is expected to propel during the forecast period.
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The smart manufacturing market is classified on the basis of component, technology, and end-use industry. Based on component, the market is bifurcated into hardware and software & services. Based on technology, the market is segmented into PLC, SCADA, machine vision, DCS, PLM, and others. Based on end-use industry, the market is segregated into healthcare, automotive, aerospace & defense, oil & gas, food & beverages, and others. Among these end-use industries, the automobile industry is contributing significantly to the market growth. This growth is attributed to the significant adoption of automation in automotive industry, which is considerably transforming research, design, and manufacturing processes in the industry.
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India Smart Manufacturing Market Segmentation
By Component
- Hardware
- Software & Services
By Technology
- Programmable Logic Controller (PLC)
- Supervisory Controller and Data Acquisition (SCADA)
- Machine Vision
- Distributed Control System (DCS)
- Product Lifecycle Management (PLM)
- Others (3D Printing)
By End-Use Industry
- Healthcare
- Automotive
- Aerospace & Defense
- Oil & Gas
- Food & Beverages
- Others (Chemical and Metals and Mining)
- (This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
