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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 HoursThe 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.
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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 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 |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR (Value) |
24.6% |
|
Market Size (Value) |
USD 733.4 Billion by 2031 |
|
Segments Covered |
By Technology
By Application
By End-use Industry
|
|
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 encompasses technologies and solutions that integrate automation, artificial intelligence (AI), the Internet of Things (IoT), and advanced analytics to improve manufacturing processes. This includes optimizing production efficiency, reducing operational costs, and enhancing product quality through smart technologies.
The Smart Manufacturing Market was valued at $133.1 billion in 2023.
The market is expected to reach $733.4 billion by 2031, growing from an estimated $157 billion in 2024.
The estimated size of the Smart Manufacturing Market in 2024 is $157 billion.
Key players include:
- International Business Machines Corporation (IBM)
- Siemens AG
- Microsoft Corporation
- SAP SE
- Capgemini SE
- ABB Ltd
- Deutsche Telekom AG
A significant trend is Smart Manufacturing-as-a-Service (SMaaS), which combines IT and operational data to enable more agile manufacturing processes. Additionally, there is an increased focus on integrating advanced technologies like AI, IoT, and robotics for enhanced operational efficiency.
Key drivers include:
- Integration of AI & ML: Improving productivity and operational efficiency.
- Advent of 5G Connectivity: Enhancing IoT capabilities and enabling faster, more reliable manufacturing processes.
- Rising need for predictive maintenance: Helping manufacturers reduce downtime and operational costs.
The market is segmented by:
- Technology: Industrial IoT, cloud computing, robotics, AI, cybersecurity, and blockchain.
- Application: Surveillance & safety, quality management, resource optimization, inventory & warehouse management.
- End-use Industry: Automotive, pharmaceuticals, food & beverage, electronics, aerospace & defense, etc.
The global outlook is positive, with strong growth expected due to increasing technological advancements and the adoption of Industry 4.0 principles. The Asia-Pacific region is projected to dominate the market, driven by government initiatives and significant investments in automation.
The market is experiencing significant growth, driven by technological advancements, increased efficiency needs, and the growing importance of data analytics in manufacturing processes.
The Smart Manufacturing Market is projected to grow at a CAGR of 24.6% from 2024 to 2031.
The Asia-Pacific region is expected to hold the highest market share, accounting for over 37.3% of the Smart Manufacturing Market in 2024.
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
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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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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