According to a new Netscribes global smart manufacturing industry 4.0 report published on Research on Global Markets, the market is expected to be valued at USD 648.9 Bn by 2023.

The report examines the evolution of the global smart manufacturing industry and its biggest trends.

Research On Global Markets, a leading publisher in market analysis reports, released Netscribes’ report on the Global Smart Manufacturing Industry 4.0, today. The latest findings provide a detailed overview of this market and how it could eventually be valued at USD 648.9 Bn by 2023.

Through automation and automated technology, manufacturers will harness the power of smart factories. Such factories are controlled by machinery that can be operated using computer commands. This transformation will reduce production costs while maintaining the standards of quality and output.

The use of connected devices will result in easier decision-making. Technologies like Artificial Intelligence, Enterprise Resource Planning and Augmented Reality will become the norm.

Some of the end uses that will incorporate industrial automation are healthcare, aerospace, agriculture, automotive, and industrial and electronic equipment.

This report contains a description of the forecasted data for this market, the technologies within it, and the applications across segments. It also assesses the challenges, drivers and opportunities that market players can expect to encounter.

In conclusion, a section on the competitive landscape profiles the major players, suppliers and customers.

Key Highlights:

  • A historical, forecasted and present look at the Global Smart Manufacturing Industry 4.0.
  • Region-wise market size and activity within the Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.
  • The threats and opportunities in this market, and the challenges faced by entrants.
  • The trends surrounding the activity in market segments and the technology used, like Robotics, 3D printing, Virtual Reality, etc.

This report is intended for those who wish to be informed about products and services comprising Global Smart Manufacturing Industry 4.0 and their viability. It can even be used to identify profitable ventures and to formulate strategies.

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