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    Smart Manufacturing Market

    Smart Manufacturing Market Size, Share, Forecast, & Trends Analysis by Technology (Industrial IoT, AR/VR, Robotics & Automation, Blockchain), Application (Surveillance & Safety, Inventory & Warehouse Management, Quality Management), End-use Industry, and Geography - Global Forecast to 2031

    Report ID:MRICT - 104579 Pages: 280 Aug-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 48 Hours

    The Smart Manufacturing Market was valued at $133.1 billion in 2023. This market is expected to reach $733.4 billion by 2031 from an estimated $157 billion in 2024, at a CAGR of 24.6% during the forecast period from 2024 to 2031.

    Smart Manufacturing Market Size & Forecast

    This market’s growth is driven by the rising need to reduce operational costs with predictive maintenance, the surge in the integration of AI & ML in smart manufacturing, and the integration of 3D printing for additive manufacturing. Additionally, the advent of 5G connectivity in smart manufacturing and the proliferation of smart manufacturing in developing countries are expected to generate growth opportunities for the players operating in this market. Furthermore, some of the prominent market trends include smart manufacturing-as-a-service and the growing integration of smart technologies that improve supply chain management.

    Smart Manufacturing Market Growth Drivers

    Rise in the Integration of AI & ML in Smart Manufacturing

    The integration of advanced technologies such as AI & ML aids manufacturing facilities in improving productivity, quality, and operational efficiency. By implementing these technologies, manufacturers gain valuable insights, optimize processes, and make better decisions in real time. In addition, by integrating AI & ML, manufacturers improve failure prediction and maintenance planning by applying AI algorithms to production data. AI assists in identifying patterns and anomalies in data, enabling early detection of equipment malfunctions or breakdowns.

    Moreover, the integration of AI & ML helps in utilizing manufacturing processes by identifying errors, optimizing production schedules, and enhancing resource allocations. This leads to streamlined operations, reduced cycle times, improved productivity, and saves on cost. With the increasing advantages of AI and ML in manufacturing, several key players are launching smart manufacturing solutions with AI & ML to automate and optimize key manufacturing workflows.

    For instance, in March 2021, SAP SE (Germany) partnered with Plataine Ltd. (U.S.) to integrate IIoT and AI-based software for digital manufacturing. This partnership allows customers to benefit from a holistic smart factory solution that extends across production operations.

    Smart Manufacturing Market

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    Smart Manufacturing Market Opportunity

    The advent of 5G Connectivity

    Manufacturing facilities are increasingly integrating advanced technologies such as automation, AI/ML, the Internet of Things (IoT), AR/VR, and robotics into their processes, enabling them to use 5G connectivity for efficient and fast results. In the manufacturing process, wired or wireless technologies such as Wi-Fi and cellular are used for operation; however, reliability and scalability are major challenges. To overcome this, manufacturers are increasingly integrating 5G connectivity across the entire manufacturing value chain for low latency and better security. Thus, 5G augments IoT capacity by supporting multiple sensors and devices, leading to extensively connected factories.

    Moreover, automation and information technology are essential to Industry 4.0; integrating 5G connectivity assists manufacturing facilities in connected asset monitoring, connected warehouse, logistics & fleet management, and quality management. With the increasing adoption of Industry 4.0 in manufacturing facilities, several key players are launching 5G Advanced Wireless Connectivity Software for Industry 4.0.

    For instance, in February 2024, Radisys Corporation (U.S.) launched 5G Advanced Wireless Connectivity Software designed specifically for Industry 4.0 and private 5G networks. This software is aimed at enabling enterprises to meet the rising demand for private 5G and Industry 4.0 solutions. Such growing developments help increase the demand for 5G connectivity in smart manufacturing solutions during the forecast period.

    Smart Manufacturing Market Trend

    Smart Manufacturing-as-a-Service

    Smart Manufacturing-as-a-Service (SMaaS) combines IT and operational systems data, enabling manufacturers to swiftly alter processes on the factory floor and across the value chain. Smart manufacturing enhances manufacturing operations through a portfolio of innovative technologies, including robotic process automation, big data analytics, and computerized controls, aiming toward maximum productivity at minimum cost.

    As smart technology is already present in the cloud, SMaaS enables breakthrough end-to-end supply chain management innovations. These new technologies and service providers allow businesses to open visibility to the entire asset and product life cycle. The connected factory concept aids real-time collaboration, ensuring optimization of productivity and cost. Moreover, leading supply chain players utilizing Industry 4.0 are better positioned to keep an eye on their assets and logistics operations. Tracking and maintaining cloud-enabled deliveries, setting up a virtualized infrastructure to ensure the entire supply chain network adheres to compliance and regulatory guidelines. Considering the benefits offered by the implementation of SMaaS, the manufacturing industry is widely opting for it.

    Smart Manufacturing Market Analysis: Key Findings

    In 2024, the Industrial Internet of Things Segment to Dominate the Smart Manufacturing Market

    Based on Technology, the smart manufacturing market is segmented into industrial internet of things, cloud computing & storage, robotics & automation, industrial cybersecurity, additive manufacturing, augmented reality (AR)/virtual reality (VR), digital twin, artificial intelligence, and blockchain. In 2024, the industrial Internet of Things segment is expected to account for the largest share of over 33.4% of the smart manufacturing market. The expanding use of industrial IoT in smart manufacturing to make data-driven choices about all aspects of manufacturing, help businesses cut down on asset downtime, and enhance overall equipment effectiveness is responsible for this segment's significant market share.

    However, the blockchain segment is expected to register the highest CAGR during the forecast period. This segment's growth is attributed to the increasing integration of blockchain in the manufacturing process, which enhances inventory management, better traceability, and transparency and enables real-time data analysis and detection of high-value equipment movement.

    In 2024, the Surveillance & Safety Segment to Dominate the Smart Manufacturing Market

    Based on Application, the smart manufacturing market is surveillance & safety, quality management, resource optimization, inventory & warehouse management, machine inspection & maintenance, production planning, energy management, and other applications. In 2024, the surveillance & safety segment is expected to account for the largest share of over 21.1% of the smart manufacturing market. The segment's significant market share is due to the expanding need for dependable safety systems to guarantee asset and personal security, as well as the growing use of video surveillance technology, which enables manufacturers to actively monitor locations and take prompt action in response to real-time data.

    Moreover, a number of businesses are concentrating on establishing a 5G network in diverse industrial facilities in order to offer fast and low-latency security solutions. For instance, in May 2021, Capgemini SE (France) collaborated with Telefonaktiebolaget LM Ericsson (Sweden) to accelerate the deployment of 5G solutions for various industries, including autonomous intralogistics AIV (autonomous intelligent vehicle), smart health, and smart surveillance for worker safety.

    However, the inventory & warehouse management segment is expected to register the highest CAGR during the forecast period. The increasing use of smart technologies to streamline inventory, labeling, packing, stocking, and storing procedures in manufacturing facilities as well as the growing incorporation of RFID, robotics, and IoT into inventory warehouse management to track material movements in real-time from planning to production are the main factors contributing to the market growth.

    In 2024, the Automotive Segment to Dominate the Smart Manufacturing Market

    Based on End-use Industry, the smart manufacturing market is automotive, heavy machinery & tools, aerospace & defense, metals & mining, electronics & semiconductors, medical devices, food & beverage, pharmaceuticals, oil & gas, fast-moving consumer goods (FMCG), paints & chemicals, energy & power, pulp & paper, and other end-use industries. In 2024, the automotive segment is expected to account for the largest share of over 14.3% of the smart manufacturing market. This segment's large market share is due to the growing adoption of smart manufacturing in automotive, which allows manufacturers to predict events in the manufacturing process and plan ahead of time, as well as the increasing integration of digital twins in automotive manufacturing for product testing and predictive maintenance. Automotive manufacturers are increasingly implementing robot-human collaboration for complex tasks to improve workplace safety and efficiency.

    However, the pharmaceuticals segment is expected to register the highest CAGR during the forecast period. This segment’s growth is attributed to the growing use of smart technologies in pharmaceutical manufacturing, reduced downtime between batches and streamlined operations, increased productivity, and reduced costs, and increasing adoption of industrial IoT in pharmaceutical manufacturing for real-time tracking of inventory levels to ensure optimal stock management, reduce waste, and ensure availability.

    Geographical Analysis

    In 2024, Asia-Pacific Region to Dominate the Smart Manufacturing Market

    In 2024, Asia-Pacific is expected to account for the largest share of over 37.3% of the smart manufacturing market. Asia-Pacific's substantial share of the market can be attributed to the region's expanding government initiatives for Industry 4.0 and to technology advancements such as digital twin integration and human-robot collaboration in manufacturing facilities. The region's top firms are investing more in industrial automation and predictive maintenance.

    For instance, in August 2021, Hexagon AB (Sweden) partnered with Central Manufacturing Technology Institute (CMTI) (India) to establish a Smart Manufacturing Development and Demonstration Cell (SMDDC), an Industry 4.0 Centre of Excellence and Experience Centre.

    Moreover, Asia-Pacific is expected to register the highest CAGR of over 26.5% during the forecast period.

    Smart Manufacturing Market: Key Companies

    The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of the key players operating in the smart manufacturing market are International Business Machines Corporation (U.S.), Siemens AG (Germany), Microsoft Corporation (U.S.), SAP SE (Germany), Capgemini SE (France), ABB Ltd (Switzerland), Deutsche Telekom AG (Germany), Telefónica, S.A. (Spain), Accenture plc (Ireland), TE Connectivity Ltd. (Switzerland), NXP Semiconductors N.V. (Netherlands), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (U.S.), Tata Consultancy Services Limited (India), Cisco Systems, Inc. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Rockwell Automation, Inc (U.S.), and Schneider Electric SE (France).

    Smart Manufacturing Industry Overview: Latest Developments from Key Industry Players

    • In January 2024, Delta Electronics, Inc. (U.S.) launched smart manufacturing solutions at SEMICON SEA 2024. These solutions converge Operational Technology, Edge, and Information Technology layers and integrate self-developed automated equipment, machine networking, a visualization platform, and a Manufacturing Execution System.
    • In April 2023, Snowflake Inc. (U.S.) launched a manufacturing data cloud to improve supply chain performance and power smart manufacturing. The Cloud empowers manufacturers to collaborate with partners, suppliers, and customers in a secure and scalable way, driving greater agility and visibility across the entire value chain.
    • In January 2022, Hyundai Motor Company and Unity Technologies (U.S.), the world’s leading platform for creating and operating real-time 3D (RT3D) content, announced a partnership to jointly design and build a new metaverse roadmap and platform for Meta-Factory.

    Smart Manufacturing Market Research Summary

    Particulars

    Details

    Number of Pages

    280

    Format

    PDF

    Forecast Period

    2024–2031

    Base Year

    2023

    CAGR (Value)

    24.6%

    Market Size (Value)

    USD 733.4 Billion by 2031

    Segments Covered

    By Technology

    • Industrial Internet of Things
    • Cloud Computing & Storage
    • Robotics & Automation
      • Robots
      • Automated Storage and Retrieval Systems (ASRS) and Automatic Guided Vehicles (AGVS)
      • Automated Assembly Lines
      • Wearables & Mobile Devices
    • Industrial Cybersecurity
    • Additive Manufacturing
    • Augmented Reality (AR)/Virtual Reality (VR)
    • Digital Twin
    • Artificial Intelligence
    • Blockchain

    By Application

    • Surveillance & Safety
    • Quality Management
    • Resource Optimization
    • Inventory & Warehouse Management
    • Machine Inspection & Maintenance
    • Production Planning
    • Energy Management
    • Other Applications

    By End-use Industry

    • Automotive
    • Heavy Machinery & Tools
    • Aerospace & Defense
    • Metals & Mining
    • Electronics & Semiconductors
    • Medical Devices
    • Food & Beverage
    • Pharmaceuticals
    • Oil & Gas
    • Fast-Moving Consumer Goods (FMCG)
    • Paints & Chemicals
    • Energy & Power
    • Pulp & Paper
    • Other End-use Industries

    Countries Covered

    North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Netherlands, Spain, Sweden, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia & New Zealand, Indonesia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, UAE, Israel, and Rest of the Middle East & Africa)

    Key Companies

    International Business Machines Corporation (U.S.), Siemens AG (Germany), Microsoft Corporation (U.S.), SAP SE (Germany), Capgemini SE (France), ABB Ltd (Switzerland), Deutsche Telekom AG (Germany), Telefónica, S.A. (Spain), Accenture plc (Ireland), TE Connectivity Ltd. (Switzerland), NXP Semiconductors N.V. (Netherlands), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (U.S.), Tata Consultancy Services Limited       (India), Cisco Systems, Inc. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Rockwell Automation, Inc (U.S.), and Schneider Electric SE (France)

    Key questions answered in the smart manufacturing market report:

    The smart manufacturing market study focuses on market assessment and opportunity analysis through the sales of smart manufacturing across different regions and countries across different market segmentations. This study is also focused on competitive analysis for smart manufacturing based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.

    The smart manufacturing market is expected to reach $733.4 billion by 2031, at a CAGR of 24.6% from 2024 to 2031.

    In 2024, the industrial Internet of Things segment is expected to account for the largest share of over 33.4% of the smart manufacturing market. The segment's large market share is attributed to the increasing integration of industrial IoT in the manufacturing processes to create end-to-end operational visibility and improve process efficiency. The rising use of IoT helps manufacturers reduce manual processes and entries to lower the risk associated with human labor.

    The inventory and warehouse management segment is expected to register the highest CAGR during the forecast period. This segment's growth is attributed to the growing adoption of smart manufacturing solutions, which help automate manual tasks such as order picking, appointment scheduling, staff task allocation, and inventory management to reduce processing time and human errors.

    The growth of the smart manufacturing market is driven by the growing need to lower operational costs with predictive maintenance, the rise in the integration of AI & ML in smart manufacturing, and the increasing integration of 3D printing for additive manufacturing. Furthermore, the advent of 5G connectivity in smart manufacturing and the proliferation of smart manufacturing in developing countries are expected to generate growth opportunities for the players operating in this market.

    The key players operating in the smart manufacturing market are International Business Machines Corporation (U.S.), Siemens AG (Germany), Microsoft Corporation (U.S.), SAP SE (Germany), Capgemini SE (France), ABB Ltd (Switzerland), Deutsche Telekom AG (Germany), Telefónica, S.A. (Spain), Accenture plc (Ireland), TE Connectivity Ltd. (Switzerland), NXP Semiconductors N.V. (Netherlands), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (U.S.), Tata Consultancy Services Limited  (India), Cisco Systems, Inc. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Rockwell Automation, Inc (U.S.), and Schneider Electric SE (France).

    Asia-Pacific is expected to register the highest CAGR of over 26.5% during the forecast period. This segment's growth is attributed to the increasing adoption of cloud-based smart manufacturing solutions in industries such as automotive, healthcare, and pharmaceuticals and the growing expansion of manufacturing hubs in countries such as China, South Korea, and Japan. Additionally, rising developments from manufacturing industries in the region for launching smart manufacturing solutions help to increase the growth of this market.

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    Related Tag: Smart Manufacturing Market Industrial Internet of Things Cloud Computing & Storage Robotics & Automation Industrial Cybersecurity Augmented Reality (AR)/Virtual Reality (VR) Digital Twin Surveillance & Safety Inventory & Warehouse Management Machine Inspection & Maintenance Production Planning Resource Optimization
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    1.   Introduction
        1.1.   Market Definition & Scope
        1.2.   Currency & Limitations
            1.2.1.   Currency
            1.2.2.   Limitations

    2.   Research Methodology
        2.1.   Research Approach
        2.2.   Process of Data Collection and Validation
            2.2.1.   Secondary Research
            2.2.2.   Primary Research /Interviews with Key Opinion Leaders from the Industry
        2.3.   Market Sizing and Forecast
            2.3.1.   Market Size Estimation Approach
            2.3.2.   Growth Forecast Approach
        2.4.   Assumptions for the Study

    3.   Executive Summary
        3.1.   Market Overview
        3.2.   Market Analysis, by Technology
        3.3.   Market Analysis, by Application
        3.4.   Market Analysis, by End-use Industry
        3.5.   Market Analysis, by Geography
        3.6.   Competitive Analysis

    4.   Market Insights
        4.1.   Overview
        4.2.   Factors Affecting Market Growth
            4.2.1.   Drivers
                4.2.1.1.   Growing Need to Lower Operational Costs with Predictive Maintenance
                4.2.1.2.   Rising Integration of AI & ML in Smart Manufacturing
                4.2.1.3.   Increasing Integration of 3D Printing for Additive Manufacturing
            4.2.2.   Restraints
                4.2.2.1.   High Capital and Operating Expenses
            4.2.3.   Opportunities
                4.2.3.1.   Advent of 5G Connectivity in Smart Manufacturing
                4.2.3.2.   Proliferation of Smart Manufacturing in Developing Countries
            4.2.4.   Challenges
                4.2.4.1.   Lack of Skilled Personnel to Implement and Operate Technologies
                4.2.4.2.   Privacy and Data Protection Concerns
        4.3.   Technology Trends
            4.3.1.   Surging Use of Advanced Human-Robot Collaboration
        4.4.   Market Trends
            4.4.1.   Smart Manufacturing-as-a-Service
            4.4.2.   Growing Integration of Smart Technologies to Improve Supply Chain Management
        4.5.   Case Studies
            4.5.1.   Case Study A
            4.5.2.   Case Study B
            4.5.3.   Case Study C
        4.6.   Key Components of Industry 4.0
        4.7.   Porter's Five Forces Analysis
            4.7.1.   Bargaining Power of Buyers
            4.7.2.   Bargaining Power of Suppliers
            4.7.3.   Threat of Substitutes
            4.7.4.   Threat of New Entrants
            4.7.5.   Degree of Competition
        4.8.   Vendor Selection Criteria/Factors Influencing Purchase Decisions

    5.   Smart Manufacturing Market Assessment—by Technology
        5.1.   Overview
        5.2.   Industrial Internet of Things
        5.3.   Cloud Computing & Storage
        5.4.   Robotics & Automation
            5.4.1.   Robots
            5.4.2.   Automated Storage and Retrieval Systems (ASRS) and Automatic Guided Vehicles (AGVS)
            5.4.3.   Automated Assembly Lines
            5.4.4.   Wearables & Mobile Devices
        5.5.   Industrial Cybersecurity
        5.6.   Additive Manufacturing
        5.7.   Augmented Reality (AR)/Virtual Reality (VR)
        5.8.   Digital Twin
        5.9.   Artificial Intelligence
        5.10.   Blockchain

    6.   Smart Manufacturing Market Assessment—by Application
        6.1.   Overview
        6.2.   Surveillance & Safety
        6.3.   Quality Management
        6.4.   Resource Optimization
        6.5.   Inventory & Warehouse Management
        6.6.   Machine Inspection & Maintenance
        6.7.   Production Planning
        6.8.   Energy Management
        6.9.   Other Applications

    7.   Smart Manufacturing Market Assessment—by End-use Industry
        7.1.   Overview
        7.2.   Automotive
        7.3.   Heavy Machinery & Tools
        7.4.   Aerospace & Defense
        7.5.   Metals & Mining
        7.6.   Electronics & Semiconductors
        7.7.   Medical Devices
        7.8.   Food & Beverage
        7.9.   Pharmaceuticals
        7.10.   Oil & Gas
        7.11.   Fast-Moving Consumer Goods (FMCG)
        7.12.   Paints & Chemicals
        7.13.   Energy & Power
        7.14.   Pulp & Paper
        7.15.   Other End-use Industries

    8.   Smart Manufacturing Market Assessment—by Geography
        8.1.   Overview
        8.2.   North America
            8.2.1.   U.S.
            8.2.2.   Canada
        8.3.   Europe
            8.3.1.   Germany
            8.3.2.   U.K.
            8.3.3.   France
            8.3.4.   Italy
            8.3.5.   Netherlands
            8.3.6.   Spain
            8.3.7.   Sweden
            8.3.8.   Rest of Europe
        8.4.   Asia-Pacific
            8.4.1.   Japan
            8.4.2.   China
            8.4.3.   India
            8.4.4.   South Korea
            8.4.5.   Singapore
            8.4.6.   Australia & New Zealand
            8.4.7.   Indonesia
            8.4.8.   Rest of Asia-Pacific
        8.5.   Latin America
            8.5.1.   Mexico
            8.5.2.   Brazil
            8.5.3.   Rest of Latin America
        8.6.   Middle East & Africa
            8.6.1.   UAE
            8.6.2.   Saudi Arabia
            8.6.3.   Israel
            8.6.4.   Rest of Middle East & Africa

    9.   Competition Analysis
        9.1.   Overview
        9.2.   Key Growth Strategies
        9.3.   Competitive Benchmarking
        9.4.   Competitive Dashboard
            9.4.1.   Industry Leaders
            9.4.2.   Market Differentiators
            9.4.3.   Vanguards
            9.4.4.   Emerging Companies
        9.5.   Market Ranking, by Key Players

    10.   Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Development, and SWOT Analysis)
        10.1.   International Business Machines Corporation
        10.2.   Siemens AG
        10.3.   Microsoft Corporation
        10.4.   SAP SE
        10.5.   Capgemini SE
        10.6.   ABB Ltd
        10.7.   Deutsche Telekom AG
        10.8.   Telefónica, S.A.
        10.9.   Accenture plc
        10.10.   TE Connectivity Ltd.
        10.11.   NXP Semiconductors N.V.
        10.12.   Telefonaktiebolaget LM Ericsson
        10.13.   Intel Corporation
        10.14.   Tata Consultancy Services Limited
        10.15.   Cisco Systems, Inc.
        10.16.   Honeywell International, Inc.
        10.17.   Mitsubishi Electric Corporation
        10.18.   Robert Bosch GmbH
        10.19.   Rockwell Automation, Inc.
        10.20.   Schneider Electric SE
                    (Note: SWOT Analysis Will Be Provided for the Top 5 Companies)

    11.   Appendix
        11.1.   Available Customization
        11.2.   Related Reports

    List of Tables
    Table 1    Currency Conversion Rate (2019–2023)
    Table 2    Global Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 3    Global Industrial Internet of Things Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 4    Global Cloud Computing & Storage Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 5    Global Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 6    Global Robotics & Automation Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 7    Global Smart Robots Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 8    Global Smart ASRS & AGVS Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 9    Global Smart Automated Assembly Lines Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 10        Global Smart Wearables & Mobile Devices Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 11        Global Industrial Cybersecurity Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 12        Global Additive Manufacturing Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 13        Global Augmented Reality (AR)/Virtual Reality (VR) Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 14        Global Digital Twin Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 15        Global Artificial Intelligence Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 16        Global Blockchain Market for Smart Manufacturing, by Country/Region, 2022–2031 (USD Million)
    Table 17        Global Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 18        Global Smart Manufacturing Market for Surveillance & Safety, by Country/Region, 2022–2031 (USD Million)
    Table 19        Global Smart Manufacturing Market for Quality Management, by Country/Region, 2022–2031 (USD Million)
    Table 20        Global Smart Manufacturing Market for Resource Optimization, by Country/Region, 2022–2031 (USD Million)
    Table 21        Global Smart Manufacturing Market for Inventory & Warehouse Management, by Country/Region, 2022–2031 (USD Million)
    Table 22        Global Smart Manufacturing Market for Machine Inspection & Maintenance, by Country/Region, 2022–2031 (USD Million)
    Table 23        Global Smart Manufacturing Market for Production Planning, by Country/Region, 2022–2031 (USD Million)
    Table 24        Global Smart Manufacturing Market for Energy Management, by Country/Region, 2022–2031 (USD Million)
    Table 25        Global Smart Manufacturing Market for Other Applications, by Country/Region, 2022–2031 (USD Million)
    Table 26        Global Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 27        Global Smart Manufacturing Market for Automotive, by Country/Region, 2022–2031 (USD Million)
    Table 28        Global Smart Manufacturing Market for Heavy Machinery & Tools, by Country/Region, 2022–2031 (USD Million)
    Table 29        Global Smart Manufacturing Market for Aerospace & Defense, by Country/Region, 2022–2031 (USD Million)
    Table 30        Global Smart Manufacturing Market for Metals & Mining, by Country/Region, 2022–2031 (USD Million)
    Table 31        Global Smart Manufacturing Market for Electronics & Semiconductors, by Country/Region, 2022–2031 (USD Million)
    Table 32        Global Smart Manufacturing Market for Medical Devices, by Country/Region, 2022–2031 (USD Million)
    Table 33        Global Smart Manufacturing Market for Food & Beverage, by Country/Region, 2022–2031 (USD Million)
    Table 34        Global Smart Manufacturing Market for Pharmaceuticals, by Country/Region, 2022–2031 (USD Million)
    Table 35        Global Smart Manufacturing Market for Oil & Gas, by Country/Region, 2022–2031 (USD Million)
    Table 36        Global Smart Manufacturing Market for Fast-Moving Consumer Goods (FMCG), by Country/Region, 2022–2031 (USD Million)
    Table 37        Global Smart Manufacturing Market for Paints & Chemicals, by Country/Region, 2022–2031 (USD Million)
    Table 38        Global Smart Manufacturing Market for Energy & Power, by Country/Region, 2022–2031 (USD Million)
    Table 39        Global Smart Manufacturing Market for Pulp & Paper, by Country/Region, 2022–2031 (USD Million)
    Table 40        Global Smart Manufacturing Market for Other End-use Industries, by Country/Region, 2022–2031 (USD Million)
    Table 41        Global Smart Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 42        North America: Smart Manufacturing Market, by Country, 2022–2031 (USD Million)
    Table 43        North America: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 44        North America: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 45        North America: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 46        North America: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 47        U.S.: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 48        U.S.: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 49        U.S.: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 50        U.S.: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 51        Canada: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 52        Canada: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 53        Canada: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 54        Canada: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 55        Europe: Smart Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 56        Europe: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 57        Europe: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 58        Europe: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 59        Europe: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 60        Germany: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 61        Germany: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 62        Germany: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 63        Germany: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 64        U.K.: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 65        U.K.: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 66        U.K.: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 67        U.K.: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 68        France: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 69        France: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 70        France: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 71        France: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 72        Italy: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 73        Italy: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 74        Italy: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 75        Italy: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 76        Spain: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 77        Spain: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 78        Spain: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 79        Spain: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 80        Netherlands: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 81        Netherlands: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 82        Netherlands: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 83        Netherlands: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 84        Sweden: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 85        Sweden: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 86        Sweden: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 87        Sweden: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 88        Rest of Europe: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 89        Rest of Europe: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 90        Rest of Europe: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 91        Rest of Europe: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 92        Asia-Pacific: Smart Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 93        Asia-Pacific: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 94        Asia-Pacific: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 95        Asia-Pacific: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 96        Asia-Pacific: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 97        China: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 98        China: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 99        China: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 100    China: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 101    Japan: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 102    Japan: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 103    Japan: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 104    Japan: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 105    India: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 106    India: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 107    India: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 108    India: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 109    South Korea: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 110    South Korea: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 111    South Korea: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 112    South Korea: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 113    Singapore: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 114    Singapore: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 115    Singapore: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 116    Singapore: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 117    Australia & New Zealand: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 118    Australia & New Zealand: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 119    Australia & New Zealand: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 120    Australia & New Zealand: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 121    Indonesia: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 122    Indonesia: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 123    Indonesia: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 124    Indonesia: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 125    Rest of Europe: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 126    Rest of Europe: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 127    Rest of Europe: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 128    Rest of Europe: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 129    Latin America: Smart Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 130    Latin America: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 131    Latin America: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 132    Latin America: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 133    Latin America: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 134    Brazil: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 135    Brazil: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 136    Brazil: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 137    Brazil: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 138    Mexico: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 139    Mexico: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 140    Mexico: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 141    Mexico: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 142    Rest of Latin America: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 143    Rest of Latin America: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 144    Rest of Latin America: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 145    Rest of Latin America: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 146    Middle East & Africa: Smart Manufacturing Market, by Country/Region, 2022–2031 (USD Million)
    Table 147    Middle East & Africa: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 148    Middle East & Africa: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 149    Middle East & Africa: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 150    Middle East & Africa: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 151    UAE: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 152    UAE: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 153    UAE: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 154    UAE: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 155    Saudi Arabia: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 156    Saudi Arabia: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 157    Saudi Arabia: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 158    Saudi Arabia: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 159    Israel: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 160    Israel: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 161    Israel: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 162    Israel: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 163    Rest of Middle East & Africa: Smart Manufacturing Market, by Technology, 2022–2031 (USD Million)
    Table 164    Rest of Middle East & Africa: Robotics & Automation Market for Smart Manufacturing, by Type, 2022–2031 (USD Million)
    Table 165    Rest of Middle East & Africa: Smart Manufacturing Market, by Application, 2022–2031 (USD Million)
    Table 166    Rest of Middle East & Africa: Smart Manufacturing Market, by End-use Industry, 2022–2031 (USD Million)
    Table 167    Recent Developments by Major Market Players (2021–2024)
    Table 168    Market Ranking, by Key Players

    List of Figures
    Figure 1        Market Ecosystem
    Figure 2        Key Stakeholders
    Figure 3        Research Process
    Figure 4        Key Secondary Sources
    Figure 5        Primary Research Techniques
    Figure 6        Key Executives Interviewed
    Figure 7        Breakdown of Primary Interviews (Supply-Side & Demand-Side)
    Figure 8        Market Sizing and Growth Forecast Approach
    Figure 9        Key Insights
    Figure 10    In 2024, the Industrial Internet of Things Segment is Expected to Dominate the Global Smart Manufacturing Market
    Figure 11    In 2024, the Surveillance & Safety Segment is Expected to Dominate the Global Smart Manufacturing Market
    Figure 12    In 2024, the Automotive Segment is Expected to Dominate the Global Smart Manufacturing Market
    Figure 13    Global Smart Manufacturing Market, by Region (2024 Vs. 2031)
    Figure 14    Impact Analysis Of Market Dynamics
    Figure 15    Global Smart Manufacturing Market, by Technology, 2024 Vs. 2031 (USD Million)
    Figure 16    Global Smart Manufacturing Market, by Application, 2024 Vs. 2031 (USD Million)
    Figure 17    Global Smart Manufacturing Market, by End-use Industry, 2024 Vs. 2031 (USD Million)
    Figure 18    Global Smart Manufacturing Market, by Geography, 2024 Vs. 2031 (USD Million)
    Figure 19    Geographic Snapshot: Smart Manufacturing Market In North America
    Figure 20    Geographic Snapshot: Smart Manufacturing Market In Europe
    Figure 21    Geographic Snapshot: Smart Manufacturing Market In Asia-Pacific
    Figure 22    Geographic Snapshot: Smart Manufacturing Market In Latin America
    Figure 23    Geographic Snapshot: Smart Manufacturing Market In Middle East & Africa
    Figure 24    Growth Strategies Adopted by Leading Market Player (2021–2024)
    Figure 25    Competitive Benchmarking Analysis (2021–2024)
    Figure 26    Competitive Dashboard: Smart Manufacturing Market
    Figure 27    International Business Machines Corporation: Financial Overview (2022)
    Figure 28    Siemens AG: Financial Overview (2022)
    Figure 29    Microsoft Corporation: Financial Overview (2022)
    Figure 30    SAP SE: Financial Overview (2022)
    Figure 31    Capgemini SE: Financial Overview (2022)
    Figure 32    ABB Ltd: Financial Overview (2022)
    Figure 33    Deutsche Telekom AG: Financial Overview (2022)
    Figure 34    Telefónica, S.A.: Financial Overview (2022)
    Figure 35    Accenture plc: Financial Overview (2022)
    Figure 36    TE Connectivity Ltd.: Financial Overview (2022)
    Figure 37    NXP Semiconductors N.V.: Financial Overview (2022)
    Figure 38    Telefonaktiebolaget LM Ericsson: Financial Overview (2022)
    Figure 39    Intel Corporation: Financial Overview (2022)
    Figure 40    Tata Consultancy Services Limited: Financial Overview (2022)
    Figure 41    Cisco Systems, Inc.: Financial Overview (2022)
    Figure 42    Honeywell International, Inc.: Financial Overview (2022)
    Figure 43    Mitsubishi Electric Corporation: Financial Overview (2022)
    Figure 44    Robert Bosch GmbH: Financial Overview (2022)
    Figure 45    Rockwell Automation, Inc.: Financial Overview (2022)
    Figure 46    Schneider Electric SE: Financial Overview (2022)

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    Related Tag: Smart Manufacturing Market Industrial Internet of Things Cloud Computing & Storage Robotics & Automation Industrial Cybersecurity Augmented Reality (AR)/Virtual Reality (VR) Digital Twin Surveillance & Safety Inventory & Warehouse Management Machine Inspection & Maintenance Production Planning Resource Optimization
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      COVID-19

      This report provides pre & post COVID-19 market estimates.

      Related Tag: Smart Manufacturing Market Industrial Internet of Things Cloud Computing & Storage Robotics & Automation Industrial Cybersecurity Augmented Reality (AR)/Virtual Reality (VR) Digital Twin Surveillance & Safety Inventory & Warehouse Management Machine Inspection & Maintenance Production Planning Resource Optimization
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