Smart Manufacturing Market Latest Trends And Key Drivers Supporting Growth Through 2016 - 2024
The global smart manufacturing market is prognosticated to witness a positive growth curve in forthcoming years, reports Transparency Market Research (TMR). The vendors that are part of the smart manufacturing market’s business landscape are exhibiting cut-throat competition with each other. Nevertheless, a few leading players currently dominate the market. The strategies used by leading vendors is increased focus on geographical expansion, and strategic collaborations, and increasing their production capacities in the industry. A prime example of this would be the vendors acquiring start-ups involved with autonomous delivery robots. This is a key trend that is expected to be capitalized on by players in the market to increase their shares. Other prominent steps taken by vendors to increase their footprint in the global smart manufacturing market include resource allocation to product innovation, mergers and acquisitions, and exploring untapped regional markets. For i...