India 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 rising government initiatives for driving the manufacturing industry in India through 'Make in India' initiative.
Moreover, the ease of FDI is further attracting the attention of the market players in the country. In November 2019, Schneider Electric opened its smart factory in Hyderabad, India. It is the second smart factory facility inaugurated by the company in India. With such rising development of smart factories, the market for smart manufacturing in India is expected to propel during the forecast period.
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 India 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.
Key Topics Covered:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
5. Market Segmentation
5.1. India Smart Manufacturing Market by Component
5.1.2. Software & Services
5.2. India Smart Manufacturing Market by Technology
5.2.1. Programmable Logic Controller (PLC)
5.2.2. Supervisory Controller and Data Acquisition (SCADA)
5.2.3. Machine Vision
5.2.4. Distributed Control System (DCS)
5.2.5. Product Lifecycle Management (PLM)
5.2.6. Others (3D Printing)
5.3. India Smart Manufacturing Market by End-Use Industry
5.3.3. Aerospace & Defense
5.3.4. Oil & Gas
5.3.5. Food & Beverages
5.3.6. Others (Chemical and Metals and Mining)
6. Company Profiles
Cisco Systems, Inc.
DXC Technology Co.
Emerson Electric Co.
General Electric Co.
Honeywell International, Inc.
. Intel Corp.
Larsen & Toubro Infotech Ltd.
Mitsubishi Electric Corp.
Robert Bosch GmbH
Rockwell Automation, Inc.
Schneider Electric SE
For more information about this report visit https://www.researchandmarkets.com/r/3dqdoq
View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005686/en/
Laura Wood, Senior Press Manager
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