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North America Smart Manufacturing Market Forecast 2019-2027

The North America smart manufacturing market is expected to grow at a CAGR of 7.87% during the forecast period 2019-2027. The regional market has been valued $ XX billions in 2018 and is expected to reach $ XX billions by 2027.
The major contributors to the $ xx billion valued North American smart manufacturing market are that of the United States and Canada. The former has the largest market for smart manufacturing as well as the fastest growing one in this region. The increasing pressure to compete with global manufacturing powerhouses of that of China & India is resulting in the quick adoption of technology and digitalization by the local manufacturers of the U.S. as the major strategic take for its long-term sustainability in the global arena. Also, the immense potential offered by numerous merging technologies like the Internet of Things (IoT), cloud computing, etc. has opened new opportunities for manufacturing industries to monitor and control their operations.
The major companies from the North American region contributing massively to the smart manufacturing market in are Siemens AG, Schneider Electric SE, Emerson Electric Co., Fanuc Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, ABB Ltd., Rockwell Automation Inc., Yokogawa Electric Corporation, General Electric Company and Robert Bosch GmBH.
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North America Smart Manufacturing Market Forecast 2019-2027
Published By :Inkwood Research
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