(Daily Market Journal via Comtex) -- The market world of intelligent manufacturing was valued at 169.39 billion USD in 2018 and is expected to record a CAGR of 8.4% to $ 271.14 billion during the forecast period (2019-2024).
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According to the National Institute of Standards and Technology (NIST), intelligent manufacturing is a system that is "a fully integrated collaborative manufacturing system that responds in real time to meet changing demands and conditions in the in the supply network and at the customer. Needs."
- The term "intelligent" encompasses organizations that develop and use data and information throughout the product lifecycle, with the intention of creating flexible manufacturing processes that respond quickly to changes in demand at low cost for the company, without affecting efficiency and the environment. It greatly improves the results of reducing manufacturing waste, speeding up production and improving the yield and quality of the goods produced. Scope of the report Smart Manufacturing uses big data analytics to refine complex processes and manage supply chains.
- Data is also analyzed and integrated with contextual information, then shared with authorized stakeholders and IoT technology, leveraging wireless and wired connectivity, enabling this data flow, providing the ability to monitor and manage processes remotely and modify production plans quickly in real time, when needed.
Big data analytics allow a company to use intelligent manufacturing to move from reactionary to predictive practices, a change that aims to improve process efficiency and product performance.
Key Market Trends The
aerospace and defense industries are expected to experience significant growth
- The primary concern of the automotive industry is the duration of a project. Therefore, rapid ROI projects combined with low-cost automation and cost innovation help manufacturers improve their competitiveness through improved productivity.
- The value streams should become more agile thanks to adaptive manufacturing and the extensive use of 3D printing. These value streams should become more software-based.
- In addition, automotive manufacturing is gaining momentum from smart technologies, industry 4.0 and IoT.For example, discrete manufacturing is the manufacturing or production of separate parts that can be touched and counted individually. The parts are mainly linked to assembly lines. Discreet manufacturing includes products, such as cars, auto parts, etc., which are increasingly connected.
- Smart manufacturing should also help balance supply and demand, improve product design, optimize manufacturing efficiency and significantly reduce waste.
US to witness significant growth
- The United States is on the brink of the fourth industrial revolution, where data is used extensively for production while integrating data into a wide variety of manufacturing systems throughout the supply chain.
- The United States is also one of the largest automotive markets in the world and is home to more than 13 major automakers. Auto manufacturing has been one of the country's largest income generators in the manufacturing sector. The formation of the Advanced Manufacturing Partnership (AMP) is an initiative undertaken to encourage industry, universities and the federal government to invest in emerging technologies.
- This has helped the country to gain a substantial competitive advantage in the global economy. The National Network for Manufacturing Innovation (NNMI) consists of developing regional hubs, which will be involved in the development and adoption of advanced manufacturing technologies for the manufacture of innovative products, to be implemented in the manufacturing sector. The development of new generation, energy-efficient high-power electronic chips and devices (by making semiconductor technologies high bandwidth, which are expected to be competitive compared to current silicon-based power electronics during the forecast period) is expected to help drive market growth.
Competitive landscape
The smart manufacturing market is very competitive and includes several major players. In terms of market share, few major players currently dominate the market. These major players with significant market shares focus on expanding their clientele abroad. These companies rely on strategic collaboration initiatives to increase their market share and profitability.
Companies present on the market also acquire start-ups working on autonomous delivery robot technologies to strengthen their product capacities.
- April 2018 - GE's Power Services activity signed a milestone agreement with Edison, the second largest integrated energy company in Italy, to improve the performance of its combined cycle power plant in Candela, Puglia.
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Table of Contents
1 INTRODUCTION
1.1 Study deliverables 1.2 Study hypotheses
1.3 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Demand for Automation to Achieve Efficiency and Quality
4.3.2 Need for Compliance and Government Support for Digitization
4.3.3 Proliferation of Internet of Things
4.4 Market Restraints
4.4.1 Concerns Regarding Data Security
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers / Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6. 5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Distributed Control System
5.1.2 Enterprise Resource and Planning
5.1.3 Smart Manufacturing
5.1.4 Manufacturing Execution System
5.1.5 Programmable Logic Controller
5.1.6 Supervisory Controller and Data Acquisition
5.1.7 Other Technologies
5.2 By Component
5.2.1 Communication Segment
5.2.2 Control Device
5.2.3 Machine Vision Systems
5.2.4 Robotics
5.2.5 Sensor
5.2.6 Other Components
5.3 By End-user Industry
5.3.1 Aerospace and Defense
5.3.2 Automotive
5.3.3 Chemical and Petrochemical 5.3.6 Oil and Gas 5.3.7 Pharmaceutical
5.3.4 Food and Beverage
5.3.5 Mining
5.3.8 Semiconductor
5.3.9 Other End-user Industries
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
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