Asia-Pacific Smart Manufacturing Market Is Expected To Exhibit Significant Growth Over 2030
Asia-Pacific Smart Manufacturing Market Is Expected To Exhibit Significant Growth Over 2030
Blog Article
The Asia-Pacific 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 rise in the manufacturing industries, backed by the government initiatives, such as ‘Made in China’ and ‘Make in India’. 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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Geographically, Asia-Pacific smart manufacturing market is analyzed for China, Japan, India, and rest of Asia-Pacific. China contributed the major share in Asia-Pacific smart manufacturing market in 2019 and is expected to retain at its position during the forecast period. The dominance of China in Asia-Pacific market is mainly due to the presence of a well-developed electronics and automotive manufacturing industries. India is projected to exhibit a considerable CAGR in Asia-Pacific smart manufacturing market during the forecast period, owing to the rising spending of government on driving the manufacturing industry in the country.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific 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)
Asia-Pacific Smart Manufacturing Market – Segmentation
- China
- India
- Japan
- Rest of Asia-Pacific
The Report covers:
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific smart manufacturing market.
- Insights about market determinants which are stimulating the Asia-Pacific market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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