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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Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
India Smart Manufacturing Market by Component
- Hardware
- Software & Services
India Smart Manufacturing Market 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)
India Smart Manufacturing Market by End-Use Industry
- Healthcare
- Automotive
- Aerospace & Defense
- Oil & Gas
- Food & Beverages
- Others (Chemical and Metals and Mining)
Company Profiles
- ABB Ltd.
- Cisco Systems, Inc.
- DXC Technology Co.
- Emerson Electric Co.
- Fanuc Corp.
- Fujitsu Ltd.
- General Electric Co.
- Honeywell International, Inc.
- IBM Corp.
- Intel Corp.
- Larsen & Toubro Infotech Ltd.
- Mitsubishi Electric Corp.
- Oracle Corp.
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- SAP SE
- Schneider Electric SE
- Siemens AG
- Wipro Ltd.
The Report covers:
- Comprehensive research methodology of the India smart manufacturing market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting India smart manufacturing market.
- Insights about market determinants which are stimulating the India market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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