IoT In Manufacturing Market by Component (Software Platform, Service, Solutions), by Application (Asset Performance Management, Quality Management, Supply Chain Management), by End Use Industry (Automotive, Aerospace & Defense), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2020 to 2027

IoT In Manufacturing Market Size, Share, Trends, Growth, Analysis, Research

IoT In Manufacturing Market: Summary

The Global IoT in Manufacturing Market is projected to reach a value of over USD 181.3 billion by 2027 at a CAGR of around 26.9%.

Stronger demand for customization, increasing customer expectations, the complexity of the global supply chain. Industrial Internet of Things (IIoT) is a way to digital transformation in manufacturing. Industrial IoT employs a network of sensors to collect critical production data and uses cloud software to turn this data into valuable insights about the efficiency of the manufacturing operations. In current scenario, IoT adopted heavily in manufacturing for cost reduction, shorter time-to-market, mass customization, and improvisation in safety. Key players in the IoT in manufacturing are Honeywell International Inc., IBM Corporation, Microsoft, General Electric Company, Siemens, and Johnson Controls among others.

IoT in Manufacturing Market

IoT In Manufacturing Market: Drivers & Opportunity

Market Driver:

  • Improving Manufacturing Sector in Asia-Pacific

Improving manufacturing industry in Asia-Pacific will drive the market during forecast period. Rising automotive, consumer goods, consumer electronics, industries will add more value in the growth of the market. China, India, Japan, and South Korea will drive the IoT in manufacturing market during forecast period. Increasing demand for robotic, connected devices, smart warehousing, and need for latest technological machinery will increases the IoT manufacturing market in APAC.

Market Opportunity:

  • Increasing Demand for Connected Logistics

Connected logistics offers a supply chain data exchange platform based on the Internet of things in logistics concept. Connected logistics develops end to end visibility of customer supply chain, in which customer can see shipments based on the information that is linked by the other supply chain stakeholders. Ericsson provide Connected Logistics Chain (CLC) offers a supply chain data exchange platform based on the Internet of Logistics. This platform offers software as a service, access to APIs, access to default GUI, and sandbox available to test among others. Hence for tracking and shipment assets IoT is used in connected logistics which will create more opportunities in in manufacturing industry.

IoT In Manufacturing Market: Key Segments

  • Segmentation based on component: Software Platforms, Services, and Solutions
  • Segmentation based on application: Asset Performance Management, Quality Management, Predictive Maintainance, Supply Chain Management, Operations & Cognitive Process Management, and Others
  • Segmentation based on end use industry: Automotive, Aerospace & Defense, Food & Beverages, Healthcare, Consumer Electronics, and Others
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

IoT In Manufacturing Market: Report Scope

The report on the IoT in manufacturing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Valve Type, Material, Aircraft Type, End Use Industry, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South Africa

Key Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Microsoft
  • Cisco
  • General Electric Company
  • Honeywell International Inc.
  • Siemens Industry Software Inc.
  • Schneider Electric
  • Johnson Controls
  • Eaton
  • PTC
  • Bosch.IO GmbH
  • Huawei Technologies Co., Ltd.
  • Augury Inc.
  • Claroty
  •  Iotium
  • KMC Controls
  • Other Key Companies

IoT In Manufacturing Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

IoT in Manufacturing Market, by Component

  • Software Platforms
  • Services
  • Solutions
    • Network Management
    • Device Management
    • Application Management
    • Others

IoT in Manufacturing Market, by Application

  • Asset Performance Management
  • Quality Management
  • Supply Chain Management
  • Predictive Maintainance
  • Operations & Cognitive Process Management
  • Others

IoT in Manufacturing Market, by End Use Industry

  • Automotive
  • Aerospace & Defense
  • Food & Beverages
  • Healthcare
  • Consumer Electronics
  • Others

IoT in Manufacturing Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • IoT in Manufacturing Market Providers
  • IoT in Manufacturing Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of IoT in Manufacturing Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE IOT IN MANUFACTURING MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Need for Agile Production, Operational Efficiency, and Better Control
      2. Improving Manufacturing Sector in Asia-Pacific
    3. Restraint
      1. High Initial Implementation Cost
      2. Less standards for Connectivity
    4. Opportunities
      1. Increasing Demand for Connected Logistics
    5. Challenges
      1. Skilled Workforce
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL IOT IN MANUFACTURING MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Software Platforms
    3. Services
    4. Solutions
      1. Network Management
      2. Device Management
      3. Application Management
      4. Others
  7. GLOBAL IOT IN MANUFACTURING MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Asset Performance Management
    3. Quality Management
    4. Predictive Maintainance
    5. Supply Chain Management
    6. Operations & Cognitive Process Management
    7. Others
  8. GLOBAL IOT IN MANUFACTURING MARKET BY END USER INDUSTRY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Automotive
    3. Aerospace & Defense
    4. Food & Beverages
    5. Healthcare
    6. Consumer Electronics
    7. Others
  9. GLOBAL IOT IN MANUFACTURING MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. IBM Corporation
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Microsoft
    3. Cisco
    4. General Electric Company
    5. Honeywell International Inc.
    6. Siemens Industry Software Inc. 
    7. Schneider Electric
    8. Johnson Controls
    9. Eaton
    10. PTC
    11. Bosch.IO GmbH
    12. Huawei Technologies Co., Ltd.
    13. Augury Inc.
    14. Claroty
    15.  Iotium
    16. KMC Controls
    17. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : ICT 073

Published : July, 2020


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