Market Forecast By Information Technology: (Human-machine interface, Plant asset management, Manufacturing execution system, Warehouse management system Dual Frequency), By Enabling Technology (Industrial 3D Printing, AI in Manufacturing, Industrial Cybersecurity, Industrial Machine Vision, Industrial Sensors, Digital Twins, Robots, Automated Guided Vehicles), By Industry (Process Industry, Discrete Industry) And Competitive Landscape
|Product Code: ETC434126||Publication Date: Dec 2022||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 75||No. of Figures: 35||No. of Tables: 20|
The Vietnam Smart Manufacturing Market is estimated to evolve rapidly during the forecast period. The growth in demand for sensors and automation in the processes of manufacturing is stimulating the evolvement of Smart Manufacturing Industry in Vietnam.
According to 6Wresearch, the Vietnam Smart Manufacturing Market size is projected to evolve during 2022-2028. The smart manufacturing industry in the nation is taking an important place in the nation since it eases the manufacturing process and boost the growth of other markets. Smart manufacturing process consumers less time than traditional manufacturing process which is stimulating the demand of this sector in the country. The growth in demand for sensors and automation in the processes of manufacturing is stimulating the evolvement of the market. With growing digitalization, the industries now want production system which is more efficient and innovative than the conventional one so they can provide quality and better quantity to masses in less time. There is advancement in automation across many industrial markets and increasing requirement for data analytics in the operations of manufacturing are also contributing to the market success.
Government investments in infrastructure and rise in demand for precision services and products, rising industrial automation awareness among businesses are allowing this sector to evolve more. The market players with their continuous efforts and innovative strategies are trying to make this market more advanced. The players are continuously expanding their operation in order to meet the rising demand for their services and products. The economy and middle class are growing at a rapid pace in the country giving boost to this sector. The rising export sector of the country has led to growing demand for products of high-quality from developed nations like the United States, Japan, South Korea and Germany. Advancements in cloud computing is allowing key players to target foreign industries which can give tremendous boost to this sector in the years to come.
The pandemic was one of the most difficult times for every industry except some. Industries such as healthcare, grocery, and agriculture progressed well that time. Industries that provide non-essential products and services had to stop their progression and Smart Manufacturing Market in Vietnam was one of the markets that stopped its progression in order to follow lockdown measures imposed by the government. The sector came across various issues during the toughest time. The Vietnam Smart Manufacturing Market share is now growing owing to the factors contributing to its growth.
On the basis of information technology, the Vietnam Smart Manufacturing Industry is classified into Human-Machine Interface, Plant Asset Management, Manufacturing Execution System, and Warehouse Management System Dual Frequency. In the market, all these segments are making progress.
On the basis of enabling technology, the Smart Manufacturing Market in Vietnam is classified into Industrial 3D Printing, AI In Manufacturing, Industrial Cybersecurity, Industrial Machine Vision, Industrial Sensors, Digital Twins, Robots, and Automated Guided Vehicles. Out of which, the digital twins segment is progressing.
On the basis of industry, the sector is classified into Process Industry, and Discrete Industry and both these segments are growing and will continue growing.
The report offers a comprehensive study of the subsequent market segments:
1. Is the market targeting foreign industries?
Yes, the Smart manufacturing Market in Vietnam is targeting foreign industries.
2. What are the factors driving the market?
The growth in demand for sensors and automation in the processes of manufacturing is stimulating the evolvement of Smart Manufacturing Industry in Vietnam.
3. Which manufacturing process takes less time?
Smart manufacturing process consumers less time than traditional manufacturing process which is stimulating the demand of this sector in the country.
4. Will the sector grow more in the future?
Yes, the sector will grow more in the years to come owing to many factors.