The North American 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 continuous adoption of automation in the manufacturing industry, to cater the increasing production demands from the region. 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 in 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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North America’s smart manufacturing market is segmented on the basis of countries, the US and Canada. The US held the largest market value, around 90.0%, in the North American smart manufacturing market due to ongoing research activities related to different types of smart manufacturing to improve manufacturing facilities in the country. Furthermore, the country has the presence of some of the leading market players, such as ABB Ltd., Emerson Electric Co., contributes to the significant growth in the smart manufacturing in the US. However, Canada is expected to project a considerable CAGR in the North American smart manufacturing market during the forecast period.
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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
North American Smart Manufacturing Market by Component
- Hardware
- Software & Services
North American 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)
North American Smart Manufacturing Market by End-Use Industry
- Healthcare
- Automotive
- Aerospace & Defense
- Oil & Gas
- Food & Beverages
- Others (Chemical and Metals and Mining)
Regional Analysis
- United States
- Canada
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.
- Yokogawa Electric Corp.
The Report covers:
- Comprehensive research methodology of the North American 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 the North American smart manufacturing market.
- Insights about market determinants which are stimulating the North American market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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