Press release
Germany Smart Manufacturing Market to Reap USD 52,363.6 Million By 2030 | Infinium Global Research
Germany's Smart Manufacturing Market is on the cusp of a transformational journey, with an expected Compound Annual Growth Rate (CAGR) of 14.67% between 2023 and 2030, signifying the dawn of a new era in industrial processes and automation. The Germany smart manufacturing market was valued at USD 20,081.2 Million in 2022 and is expected to reach USD 52,363.6 Million by 2030 and grow at a CAGR of 14.67% over the forecast period.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/germany/sample-request/48111
Smart manufacturing, characterized by fully-integrated systems that respond in real-time to changing demands and conditions, is set to enhance operational efficiency and usher in a new era of innovation and productivity in Germany. This innovative approach focuses on advanced manufacturing technologies, powered and improved by integrated information technology, resulting in significantly improved performance and efficiency.
The growth of smart manufacturing in Germany is underpinned by several key drivers, with the automotive sector taking the lead:
Automotive Industry Dominance: Germany's automotive sector, often considered the backbone of its economy, hosts Europe's largest concentration of Original Equipment Manufacturer (OEM) plants. Key players such as Volkswagen AG (including subsidiaries Audi and Porsche), BMW AG, Daimler AG, Adam Opel AG, and Ford-Werke GmbH are dominating the industry. This sector has already witnessed the conversion of 30% of its factories into smart factories, with aggressive plans to convert another 44%. For instance, Audi's smart factory exemplifies the future of data-driven, highly flexible, and efficient manufacturing.
Government Initiatives: Germany's government is actively investing in modernizing production capabilities, with a focus on benefiting from the Fourth Industrial Revolution (4IR). This commitment extends to various industrial sectors, including automotive, chemicals, industrial machinery, electrical appliances, shipping, machine tools, high-precision devices, electronics, pharmaceuticals, textiles, and plastics. "Industrie 4.0," rooted in the HighTech 2020 Strategy, aims to drive digital manufacturing forward, increasing digitization and interconnection of products, value chains, and business models.
IoT Advancement: Germany's substantial investment in the Industrial Internet of Things (IoT) positions it as a leader in IoT spending in Europe, with a steady rise from €23.6 billion in 2017 to €31 billion in 2019. A projected annual growth rate of 15.5% is expected to push IoT spending to €42 billion by 2021. The automotive and manufacturing sectors lead in Germany's IoT adoption, making the country a trailblazer in implementing smart manufacturing technologies.
However, challenges remain as the smart manufacturing landscape evolves:
Data Privacy and Cybersecurity Concerns: While the adoption of smart manufacturing is growing, persistent concerns about data privacy and cybersecurity pose potential risks and uncertainties. Clear standards in these areas are needed to mitigate operational disruptions caused by data breaches.
Workforce Skills: The shortage of skilled workforce presents challenges in developing and deploying Industry 4.0 initiatives in Germany, emphasizing the need for investment in talent development.
Germany is at the forefront of the smart manufacturing revolution, showcasing its determination to remain competitive in the global economy. With a focus on technological innovation, strong government support, and a commitment to digitization, the country is set to establish itself as a market leader across multiple industrial sectors.
Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/germany/customization/48111
Table of Content
Chapter 1. Report Overview
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
Chapter 3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PEST-Analysis
3.4. Porter's Diamond Model for Germany smart manufacturing market
3.5. IGR-Growth Matrix Analysis
3.6. Competitive Landscape in Germany smart manufacturing market
Chapter 4. Germany Smart Manufacturing Market by Technology
4.1. Programmable Logic Controller
4.2. Manufacturing Execution System
4.3. Discrete Control Systems
4.4. Product Lifecycle Management
4.5. Enterprise Resource Planning
4.6. Machine vision
4.7. Others
Chapter 5. Germany Smart Manufacturing Market by Component
5.1. Hardware
5.2. Services
5.3. Software
Chapter 6. Germany Smart Manufacturing Market by End User
6.1. Semiconductor
6.2. Oil and Gas
6.3. Automotive
6.4. Food and Beverage
6.5. Pharmaceutical
6.6. Aerospace and Defence
6.7. Others
Chapter 7. Company Profiles
7.1 Competitive Landscape in Smart Manufacturing Market
7.1.1 Competitive Landscape
7.2 Company Profiles
7.2.1 Siemens AG
7.2.1.1 Overview
7.2.1.2 Company Snapshot
7.2.1.3 Product Portfolio
7.2.1.4 Recent Developments
7.2.2 SAP SE
7.2.2.1 Overview
7.2.2.2 Company Snapshot
7.2.2.3 Product Portfolio
7.2.2.4 Recent Developments
7.2.3 ABB
7.2.3.1 Overview
7.2.3.2 Company Snapshot
7.2.3.3 Product Portfolio
7.2.3.4 Recent Developments
7.2.4 Emerson Electric Co.
7.2.4.1 Overview
7.2.4.2 Company Snapshot
7.2.4.3 Product Portfolio
7.2.4.4 Recent Developments
7.2.5 Mitsubishi Corporation
7.2.5.1 Overview
7.2.5.2 Company Snapshot
7.2.5.3 Product Portfolio
7.2.5.4 Recent Developments
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/germany/enquiry/48111
Reasons to Buy this Report:
=> Comprehensive analysis of regional markets of Germany smart manufacturing.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/germany/sample-request/48111
Smart manufacturing, characterized by fully-integrated systems that respond in real-time to changing demands and conditions, is set to enhance operational efficiency and usher in a new era of innovation and productivity in Germany. This innovative approach focuses on advanced manufacturing technologies, powered and improved by integrated information technology, resulting in significantly improved performance and efficiency.
The growth of smart manufacturing in Germany is underpinned by several key drivers, with the automotive sector taking the lead:
Automotive Industry Dominance: Germany's automotive sector, often considered the backbone of its economy, hosts Europe's largest concentration of Original Equipment Manufacturer (OEM) plants. Key players such as Volkswagen AG (including subsidiaries Audi and Porsche), BMW AG, Daimler AG, Adam Opel AG, and Ford-Werke GmbH are dominating the industry. This sector has already witnessed the conversion of 30% of its factories into smart factories, with aggressive plans to convert another 44%. For instance, Audi's smart factory exemplifies the future of data-driven, highly flexible, and efficient manufacturing.
Government Initiatives: Germany's government is actively investing in modernizing production capabilities, with a focus on benefiting from the Fourth Industrial Revolution (4IR). This commitment extends to various industrial sectors, including automotive, chemicals, industrial machinery, electrical appliances, shipping, machine tools, high-precision devices, electronics, pharmaceuticals, textiles, and plastics. "Industrie 4.0," rooted in the HighTech 2020 Strategy, aims to drive digital manufacturing forward, increasing digitization and interconnection of products, value chains, and business models.
IoT Advancement: Germany's substantial investment in the Industrial Internet of Things (IoT) positions it as a leader in IoT spending in Europe, with a steady rise from €23.6 billion in 2017 to €31 billion in 2019. A projected annual growth rate of 15.5% is expected to push IoT spending to €42 billion by 2021. The automotive and manufacturing sectors lead in Germany's IoT adoption, making the country a trailblazer in implementing smart manufacturing technologies.
However, challenges remain as the smart manufacturing landscape evolves:
Data Privacy and Cybersecurity Concerns: While the adoption of smart manufacturing is growing, persistent concerns about data privacy and cybersecurity pose potential risks and uncertainties. Clear standards in these areas are needed to mitigate operational disruptions caused by data breaches.
Workforce Skills: The shortage of skilled workforce presents challenges in developing and deploying Industry 4.0 initiatives in Germany, emphasizing the need for investment in talent development.
Germany is at the forefront of the smart manufacturing revolution, showcasing its determination to remain competitive in the global economy. With a focus on technological innovation, strong government support, and a commitment to digitization, the country is set to establish itself as a market leader across multiple industrial sectors.
Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/germany/customization/48111
Table of Content
Chapter 1. Report Overview
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
Chapter 3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PEST-Analysis
3.4. Porter's Diamond Model for Germany smart manufacturing market
3.5. IGR-Growth Matrix Analysis
3.6. Competitive Landscape in Germany smart manufacturing market
Chapter 4. Germany Smart Manufacturing Market by Technology
4.1. Programmable Logic Controller
4.2. Manufacturing Execution System
4.3. Discrete Control Systems
4.4. Product Lifecycle Management
4.5. Enterprise Resource Planning
4.6. Machine vision
4.7. Others
Chapter 5. Germany Smart Manufacturing Market by Component
5.1. Hardware
5.2. Services
5.3. Software
Chapter 6. Germany Smart Manufacturing Market by End User
6.1. Semiconductor
6.2. Oil and Gas
6.3. Automotive
6.4. Food and Beverage
6.5. Pharmaceutical
6.6. Aerospace and Defence
6.7. Others
Chapter 7. Company Profiles
7.1 Competitive Landscape in Smart Manufacturing Market
7.1.1 Competitive Landscape
7.2 Company Profiles
7.2.1 Siemens AG
7.2.1.1 Overview
7.2.1.2 Company Snapshot
7.2.1.3 Product Portfolio
7.2.1.4 Recent Developments
7.2.2 SAP SE
7.2.2.1 Overview
7.2.2.2 Company Snapshot
7.2.2.3 Product Portfolio
7.2.2.4 Recent Developments
7.2.3 ABB
7.2.3.1 Overview
7.2.3.2 Company Snapshot
7.2.3.3 Product Portfolio
7.2.3.4 Recent Developments
7.2.4 Emerson Electric Co.
7.2.4.1 Overview
7.2.4.2 Company Snapshot
7.2.4.3 Product Portfolio
7.2.4.4 Recent Developments
7.2.5 Mitsubishi Corporation
7.2.5.1 Overview
7.2.5.2 Company Snapshot
7.2.5.3 Product Portfolio
7.2.5.4 Recent Developments
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/germany/enquiry/48111
Reasons to Buy this Report:
=> Comprehensive analysis of regional markets of Germany smart manufacturing.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
