1 / 35

Global IoT in Manufacturing Market Analysis, 2020 - MarkNtel Advisors

According to the MarkNtel Advisors research report titled Global IoT in Manufacturing Market Analysis, 2020 the market of IoT in manufacturing is expected to grow with a CAGR of around 29% during 2020-25.

Download Presentation

Global IoT in Manufacturing Market Analysis, 2020 - MarkNtel Advisors

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Global IoT in Manufacturing Market Analysis, 2020 marknteladvisors.com

  2. Document Outline Introduction About Us, Key Questions Answered In This Study 02 Table of Content Market Segmentation, Scope of Work 05 Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting 20 Sample Pages Global IoT in Manufacturing Market Analysis, 2020 28 Commercials 62 Disclaimer 64

  3. Market Segmentation Global IoT in Manufacturing By Solution By Company By Region By Connectivity By End User • Application Management • Data Management • Network Management • Device Management • Smart Surveillance • Other • North America • South America • Europe • Middle East & Africa • Asia-Pacific • Cisco Systems • IBM • PTC • Microsoft • General Electric • SAP • Zebra Technologies • Siemens • Bosch • Others • Satellite Network • Cellular Network • RFID • NFC • Wi-Fi • Other (Ethernet, Bluetooth, LPWAN etc.) • Automotive • Food and Beverages • Healthcare • Consumer Electronics • Energy & Utilities • Chemicals • Others (Aerospace & Defence etc.) By Service By Application • Process Optimization • Predictive Maintenance • Asset Management • Workforce Management • Emergency and Incident Management • Logistics and Supply Chain Management • Inventory Management • Professional Services • Managed Services

  4. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (1/13)

  5. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (2/13)

  6. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (3/13)

  7. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (4/13)

  8. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (5/13)

  9. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (6/13)

  10. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (7/13)

  11. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (8/13)

  12. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (9/13)

  13. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (10/13)

  14. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (11/13)

  15. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (12/13)

  16. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (13/13)

  17. Global IoT in Manufacturing Market Outlook, 2015-2025F

  18. Global IoT in Manufacturing Market Outlook, By Revenues Figure 1: Global IoT in Manufacturing Market Revenues (USD Million), 2015- 2025F Revenue: XX% CAGR: XX% Source: MarkNtel Advisors • The global IoT in the manufacturing market is rising due to increasing demand for customization considering the complexity of the supply chain. IoT supports the manufacturing companies in reducing its product cycle time and operation cost. • For instance, Implementation of IIoT in Harley-Davidson company situated in southern Pennsylvania, has helped in reducing motorbikes cycle time from 21 days to 6 hours and operating costs by USD 200 million. • Moreover, IIoT has also helped in making a safer workplace by monitoring the health situation of employees along with hazardous activities. For instance, IIoT used in the oil and gas industry to monitor gas leakage in pipelines. Hence, it supports the global market to grow. • Manufacturers across the world are using digital twin technology to reduce the production cost of finished product. IIoT is the prime component which helps enable digital twin, thereby, supporting the global market to grow.

  19. Global IoT in Manufacturing Market Outlook, By Revenues X% manufacturing facilities are using IIoT solution IIoT Maturity Model Device connectivity and simple data forwarding Least Mature have used IIoT for 12 months or more X% Real-time dashboards and monitored activity through constant data stream X% established their IIoT solution in the past 12 months X% Advanced analytics, such as machine learning, cluster analysis, and artificial intelligence, from data scientists IIoT Automated simple, single-step actions such as service-ticket requests 98% of adopters indicate their solutions are very important for their company Most Mature X% Source: XXX Source: XXX

  20. Global IoT in Manufacturing Market Outlook, By Revenues The adoption of Industry 4.0 among manufacturers is boosting the Global Market Industry 1.0 Industry 2.0 Industry 3.0 Industry 4.0 1870 - 1968 2010 - 1969 - 1009 1784 - 1869 • The invention of steam engines kick started the Industry 1.0. However, the manufacturing was purely labor oriented and tiresome. • Involved advancement of electronic technology and industrial robotics. Miniaturization of the circuit boards through programmable logic controllers, Industrial robotics to simplify, automate and increase the production. However, the operations still remained isolated from the entire enterprise. • The vision of connected enterprise through interconnecting industrial assets through the internet was fulfilled with the introduction of Industry 4.0. The smart devices communicate with each other and create valuable insights. IIoT brought with it the advantages of asset optimization, production integration, smart monitoring, remote diagnosis, intelligent decision making and most importantly the feature of Predictive Maintenance. • The first assembly line production was introduced. This invention was a big relief for the workers as their labor was minimized to the possible extent. Henry Ford the Father of mass production and the assembly line introduced the process in a car manufacturing plant by Ford to improve the productivity using conveyor belt mechanism. Source: Happiest Minds

  21. Global IoT in Manufacturing Market Revenue Share, By Solution • Figure 2: Global IoT in Manufacturing MarketRevenue Share, By Solution, 2019 & 2025F 2019 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • Device Management: IIoT in device management comprises device monitoring and supervision, which helps the manufacturing companies to reduce the maintenance cost, equipment failure and decline layoff time by monitoring the equipment status regularly and fixing the problem before any big damage. • For Instance,Fanuc uses IIoT to reduce machinery downtown by predictive analysis. • Data Management: IIoT enables real-time analysis, enhance data, address data drift and manage complex data. These benefits of IIoT in data management are driving the global market. • For Instance, Gehring Technologies are using IIoT to enhance manufacturing productivity by monitoring devices and analysis data.

  22. Global IoT in Manufacturing Market Revenue Share, By Implementation • Figure 3: Global IoT in Manufacturing MarketRevenue Share, By Implementation, 2019 & 2025F 2019 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • Cloud-based deployment of IoT in manufacturing facilities is growing at the fastest rate in comparison with on premise due to ease of usage and low installation cost. Moreover, other benefits such as high data mobility, flexibility, rapid and simple installation are few other factors attracting manufacturers for adopting cloud-based IoT across the world. • Manufacturers are moving toward hybrid cloud from the public and private cloud owing to maintain the security of sensitive data and gaining the advantage of public clouds such as cost-effective, easy to use, etc. The increasing demand for hybrid cloud would surge the revenue share of this segment over the next 5 years.

  23. Global IoT in Manufacturing Market Revenue Share, By Connectivity • Figure 4: Global IoT in Manufacturing MarketRevenue Share, By Connectivity, 2019 & 2025F 2019 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • Radio Frequency Identification (RFID): Manufacturing companies require real-time information for inventory management. RFID supports the company by tracking information related to inventory such as the location of raw material, work-in-progress and finished goods. Consequently, manufacturers are able to balance on-hand inventory, rise machine utilization and reduce lead time. Due to these benefits, manufacturers are using RFID in their manufacturing units. • RFID categorized by frequency band into Low frequency, high and ultra-high frequency bands. The ultra-high frequency RFID has faster data transfer rate than low and high frequency, therefore, it is adopted by a large number of manufacturers over low or high frequency RFID.

  24. Global IoT in Manufacturing Market Revenue Share, By Service • Figure 5: Global IoT in Manufacturing MarketRevenue Share, By Service, 2019 & 2025F 2019 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • Professional Services: The demand for professional services in the manufacturing sector is generating due to the increasing requirement of consulting, maintenance services, education, training services, etc. at the manufacturing units. The growing deployment of IIoT in production units is rising the demand for the professional service market across the globe. • Managed Services: Managed services include installation consulting, monitoring and optimizing IIoT infrastructure, updating firmware, minimize maintenance cost etc. Rising number of connected devices, increasing the demand for managed services to run IIoT system effectively worldwide.

  25. Global IoT in Manufacturing Market Revenue Share, By Application • Figure 6: Global IoT in Manufacturing MarketRevenue Share, By Application, 2019 & 2025F 2019 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • Workforce Management: The IIoT in workforce management allows employees to access information, collaborate on projects, and contact with colleagues through mobile from remote areas. Use of mobile applications to access information regarding daily schedule and record information enhance compliance and consistency of work. This attracts manufacturing companies to apply IIoT to manage a workforce in the production unit. • Predictive Maintenance: Predictive maintenance is generating opportunities for manufacturing companies to dwindle operation costs and improve production efficiency. The production efficiency is improving by reducing the machine layoff time and by predicting the number of goods being defective or poor in quality. These factor together contribute to the growing demand for IoT in Manufacturing industry.

  26. Global IoT in Manufacturing Market Revenue Share, By Application Manufacturers majorly adopted IIoT solutions to overcome following business challenges XX% Logistics (including factory floor) XX% Machine Health XX% Operating Costs Source: XXXX • Some of the manufacturing companies using IoT in Manufacturing facilities are mentioned below: • General Electric used IIoT technology for predictive maintenance • Caterpillar adopt IIoT to improve employees productivity • SEW-Eurodrive to decline manual labor by using robots in manufacturing. • Teel Plastics is using IIoT technology to improve product quality and automate manual processes

  27. Global IoT in Manufacturing Market Revenue Share, By End Users • Figure 7: Global IoT in Manufacturing Market Revenue Share, By End Users, 2019 & 2025F • Others: Aerospace & Defence etc. Source: MarkNtel Advisors

  28. Global IoT in Manufacturing Market Revenue Share, By Region • Figure 8: Global IoT in Manufacturing Market Revenue Share, By Region, 2019 & 2025F North America South America Middle East & Africa AsiaPacific Europe • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% Source: MarkNtel Advisors

  29. Asia-Pacific IoT in Manufacturing Market Outlook, 2015-2025F

  30. Asia-Pacific IoT in Manufacturing Market Outlook, By Revenues • Figure 9: Asia-Pacific IoT in Manufacturing MarketRevenues (USD Million), 2015- 2025F Revenue: XX% Revenue: XX% Source: MarkNtel Advisors • The Asia-Pacific market of IoT in Manufacturing is expected to augment during the forecast period due to rise in investments towards IIoT by discrete and process manufacturing companies to improve production efficiency and asset management across the regions. • In China, manufacturing companies are using sensors, big data and IIoT platforms in manufacturing. Number of IIoT platforms are increasing their applications in several industries such as electronics and electrical, automobile and auto parts, pharmaceutical, aerospace, etc. Growth of these industries due to government initiatives such as Made in China 2025 is expected to add more deployment towards IoT in Manufacturing facilities in the coming years. • Moreover, the convergence of various technologies such as analytics, cloud, big data coupled with declining sensor prices is rising the adoption of IIoT among manufacturers in the region.

  31. Asia-Pacific IoT in Manufacturing Market Revenue Share, By Solution • Figure 10: Asia-Pacific IoT in Manufacturing MarketRevenue Share, By Solution, 2019 & 2025F 2019 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • Smart Surveillance: Manufacturing companies are shifting towards smart surveillance to improve employees' safety and increase in operational activities in the production facilities. IIoT based surveillance improves workers' safety by sending alerts regarding any unwanted activities to the manufacturer before occurring. IIoT also enables manufacturers to monitor their factory floor and act rapidly on the given information to improve bottom-line activities. Therefore, the demand for IIoT based smart surveillance is generating among manufacturers in the Asia-Pacific region.

  32. Asia-Pacific IoT in Manufacturing Market Revenue Share, By Implementation • Figure 11: Asia-Pacific IoT in Manufacturing MarketRevenue Share, By Implementation, 2019 & 2025F 2019 2025F *These are dummy charts and do not represent actual value Note: Hybrid is taken in Cloud based Source: MarkNtel Advisors • Table 5: Asia-Pacific IoT in Manufacturing Market Revenues (USD Million), By Types, 2015-2025F Source: MarkNtel Advisors

  33. Asia-Pacific IoT in Manufacturing Market Revenue Share, By Connectivity • Figure 12: Asia-Pacific IoT in Manufacturing MarketRevenue Share, By Connectivity, 2019 & 2025F 2019 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • Near Field Communication (NFC): By using NFC, end-users are able to operate their device through the app, thus, ease of use can increase its usage in manufacturing units. Moreover, NFC is also helpful in diagnosis error and in the device to device communication, these benefits are increasing its application in consumer electronics. Therefore, the NFC market is rising across the region. • Satellite Network: The satellite-based IIoT is widely used to maintain supply chain across the region due to its features which includes reliability, ubiquitous network coverage, high speed, cost-effective, etc. The manufacturing companies such as Volvo is using satellite-based IIoT to manage its supply chain in shipping vehicles to dealers and distributors across Asia-Pacific region.

  34. Asia-Pacific IoT in Manufacturing MarketRevenue Share, By Service & By Application • Figure 13: Asia-Pacific IoT in Manufacturing Market Revenue Share, By Service, 2019 & 2025F 2019 2025F *These are dummy charts and do not represent actual value Source: MarkNtel Advisors • Figure 14: Asia-Pacific IoT in Manufacturing Market Revenue Share, By Application, 2019 & 2025F 2025F 2019 Source: MarkNtel Advisors *These are dummy charts and do not represent actual value

  35. Disclaimer MarkNtel Advisors provides market specific information that is intended for key sets of customers which can be used for internal purposes, but not for general publication or disclosure to third parties. No part of the report can be, lent, resold or disclosed to non-customers without written permission. No part may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the permission of the publisher. The market specific information is based on primary interviews and MarkNtel Advisors takes no responsibility for any incorrect information provided to us. MarkNtel Advisors would not be held responsible for any loss or damage caused due to the usage of such information and thus would not refund in any case the amount spent by the company in purchasing such information. +1 (613) 707-5086 sales@marknteladvisors.com

More Related