COVID-19 Impact on Smart Manufacturing Market
COVID-19 Impact on Smart Manufacturing Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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COVID-19 Impact on Smart Manufacturing Market Size and Growth
The COVID-19 pandemic significantly accelerated the adoption of smart manufacturing technologies, leading to increased market demand and innovation. As of 2023, the smart manufacturing market size is projected to reach USD 480 billion, reflecting a compound annual growth rate of 10% driven by heightened automation, remote monitoring, and supply chain resilience needs. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ GE
◍ IBM
◍ SAP
◍ ABB
◍ Oracle
◍ Siemens
◍ Cisco
◍ Emerson
◍ Schneider
◍ Honeywell
◍ Keyence
◍ 3D Systems
◍ Rockwell
◍ Cognex
◍ NVIDIA
◍ Yokogawa
◍ Daifuku
◍ Stratatys
The COVID-19 pandemic accelerated smart manufacturing through automation, AI, and IoT. Companies like GE, IBM, and Siemens adapted by enhancing remote monitoring, predictive maintenance, and supply chain resilience. Their innovations boosted efficiency, mitigating disruptions. Key players reported significant investments in digital transformation, propelling market growth amidst the crisis.
Sales revenue highlights:
- GE: ~$74 billion
- IBM: ~$57 billion
- Siemens: ~$60 billion
- Honeywell: ~$34 billion
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Market Segmentation
By Application
By Product
◍ Manufacturing IT
Automation Control System ◍ Instrumentation and Field Devices ◍ Automotive
Aerospace and Defense ◍ Chemicals and Materials ◍ Healthcare
Industrial Equipment
Electronics
Oil and Gas
Others
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Market Growth
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$ X Billion USD
