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The Extent of Smart Manufacturing Global Trends
The Extent of Smart Manufacturing Global Trends
A Disruptive Business Environment and an Increasingly Digital Economy Necessitate Smart Manufacturing
22-Nov-2023
Global
Market Research
Manufacturers face several challenges—the continuing effects of the COVID-19 pandemic, a shortage of skilled workers, supply chain disruptions, cybersecurity issues, and geopolitical risks such as the Russo-Ukrainian War. To thrive, they need to be agile in an increasingly disruptive world while meeting their business and operational objectives.
Smart manufacturing enables manufacturers to address current and evolving challenges. The use of AI, ML, cloud, AR, VR, IIOT, digital twins, robotics, and advanced analytics helps manufacturers address specific challenges. For example, the use of AR/VR can improve workforce productivity, efficiency, and safety. Easy and affordable access to technologies along with practical use cases is a driver for adoption.
In addition, the modularization of software and technology helps manufacturers make incremental investments and enjoy quick value and targeted technology adoption while providing a path to growth. Companies are moving their industrial applications to the cloud—a cloud-based smart manufacturing platform strategy helps consolidate software systems and enables effective digital transformation. Finally, ESG initiatives and sustainability goals are also priorities for manufacturers, which this research service discusses.
Author: Sankara Narayanan Venkataramani
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Smart Manufacturing Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Smart Manufacturing—Market Trends
Smart Manufacturing—Market Trends (continued)
Smart Manufacturing—Market Trends (continued)
Smart Manufacturing—Market Trends (continued)
Smart Manufacturing—A Snapshot
Smart Manufacturing—A Snapshot (continued)
Smart Manufacturing—A Snapshot (continued)
Technology Drivers
Technology Drivers (continued)
Technology Drivers (continued)
Growth Drivers
Growth Restraints
Leading Growth Obstacles and Their Impact on the Manufacturing Industry
Smart Manufacturing Solutions to Overcome Growth Obstacles
The Future of Manufacturing
Building an Effective and Resilient Supply Chain
Building an Effective and Resilient Supply Chain (continued)
Smart Manufacturing Ecosystem
Steps for Smart Manufacturing Adoption
ESG, Sustainability in Smart Manufacturing
Smart Manufacturing for a Sustainable Future
The Challenges of Disconnected, Inconsistent Data and Systems Across Silos
Lack of Process Harmonization Constrains Continuous Improvement
Smart Manufacturing and Software Systems Consolidation
Resource Optimization Increases an Organization’s Ability to Innovate
Smart Manufacturing Platforms Break Down Silos and Allow System Consolidation
Smart Manufacturing Platform
Smart Manufacturing Platform (continued)
Platform Values for Manufacturers
Companies are Moving Their Industrial Applications to the Cloud
A Multitenant Cloud SaaS Solution in Digitalization
Strategic Partnerships in Smart Manufacturing
Modularization of Software and Technology Capabilities
Modularization of Software and Technology Capabilities (continued)
Modularization Increases Accessibility and Adoption Rates Among
Companies and Their Smart Manufacturing Offerings
Companies and Their Smart Manufacturing Offerings (continued)
Companies and Their Smart Manufacturing Offerings (continued)
Companies and Their Smart Manufacturing Offerings (continued)
Companies and Their Smart Manufacturing Offerings (continued)
Companies and Their Smart Manufacturing Offerings (continued)
Case Study
Case Study (continued)
North America
Europe
APAC
MEA
Growth Opportunity 1: Smart Manufacturing for Adaptation to a Highly Dynamic Automotive Industry
Growth Opportunity 1: Smart Manufacturing for Adaptation to a Highly Dynamic Automotive Industry (continued)
Growth Opportunity 2: Smart Manufacturing for Increased Productivity and Sustainability
Growth Opportunity 2: Smart Manufacturing for Increased Productivity and Sustainability (continued)
List of Exhibits
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| Deliverable Type | Market Research |
|---|---|
| Author | Sankara Narayanan Venkataramani |
| Industries | Industrial Automation |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Industry 4.0 Insights |
| Keyword 2 | Digital Transformation In Manufacturing |
| Keyword 3 | Manufacturing Technology Trends |
| Podcast | No |
| WIP Number | K961-01-00-00-00 |