Research and Markets has released a report on “smart manufacturing” predicting the segment will more than double in value globally from to 2020.
The “Smart Manufacturing: Technologies and Global Markets” report predicts the market will increase in size at a compound annual growth rate of 19.8 per cent from 2015 to 2020, reaching $US 392 billion by 2020.
Among highlights are “The smart manufacturing market in the Asia-Pacific region should reach $151 billion by 2020 from $59 billion in 2015, at a CAGR of 20.7% from 2015 to 2020… and “The smart manufacturing market in the North American region should reach $112 billion by 2020 from $47 billion in 2015, at a CAGR of 19.0% from 2015 to 2020.”
It also profiles major players Axeda, China Telecom, Dell, Honeywell International, HP Inc., Landis+Gyr, Nxp/Freescale, Oracle, Qualcomm, Salesforce.Com, Silicon Labs, and Zebra.