The US smart manufacturing market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the continuous adoption of advanced technologies in the manufacturing industry, to cater the increasing production demands from the region. There are several key market players, such as Emerson Electric Co. Honeywell International, Inc., and General Electric Co., headquartered in the US. These market players generate a huge revenue from the domestic market, from the US. Moreover, continuous development of advanced technologies with high adoption rate in the country, the smart manufacturing market is growing in the US.

The smart manufacturing market is classified on the basis of component, technology, and end-use industry. Based on component, the market is bifurcated into hardware and software & services. Based on technology, the market is segmented into PLC, SCADA, machine vision, DCS, PLM, and others. Based on end-use industry, the market is segregated into healthcare, automotive, aerospace & defense, oil & gas, food & beverages, and others.  Among these end-use industries, the automobile industry is contributing significantly to the market growth. This growth is attributed to the significant adoption of automation in automotive industry, which is considerably transforming research, design, and manufacturing processes in the industry.

The US smart manufacturing market is influenced by product development and advancements conducted by the market players. The key players of the smart manufacturing market include ABB Ltd., Emerson Electric Co., SAP SE, Schneider Electric SE, Siemens AG, Honeywell International, Inc., General Electric Co., and Intel Corp. These players are playing a significant role in the growth of the smart manufacturing market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others. 

RESEARCH METHODOLOGY

The market study of the US smart manufacturing market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. US Smart Manufacturing Market Research and Analysis by Component
2. US Smart Manufacturing Market Research and Analysis by Technology
3. US Smart Manufacturing Market Research and Analysis by End-Use Industry

The Report covers:

• Comprehensive research methodology of the US smart manufacturing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US smart manufacturing market.
• Insights about market determinants which are stimulating the US market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.