Product Code: GVR-2-68038-028-6
Smart Manufacturing Market Growth & Trends:
The global smart manufacturing market size is anticipated to reach USD 790.91 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 14.0% from 2025 to 2030. This market is popularly known as industry 4.0 as the advancement and integration of manufacturing with technology and automation processes in manufacturing is driven by the Internet of Things (IoT), machine learning, and real-time data. It is focused on combining innovation and efficiency as production processes grow faster. The industry is intended to adopt smart production methods across various domains. The need to increase productivity and improve the visibility of the entire system are two major factors driving the market growth.
The proliferation of the Industrial Internet of Things (IIoT) is expected to create challenges in controlling large amounts of data and accessing data and hence participants can opt for self-study programs and Artificial Intelligence (AI) technologies to avoid challenges. However, with increasing reliance on data, the industry aims to prevent contact with processes from preventing unintended issues. An essential aspect of the industry is the need to integrate various technologies such as intelligent sensors, robots, and cloud computing. Digital development has created the opportunity to use integrated technologies to achieve measurable results. Simulation, 3D printing, and network technology development have made the market a promising investment center for technology developers and users.
Several countries around the world imposed strict closures to prevent the spread of COVID-19, with severe restrictions and safety measures. Leading companies that produce smart devices started using IoT deployment, statistics, and AI-based digital platforms to reduce the need for human interaction. In addition, reduced efficiency in production lines due to social isolation processes is also strengthened with the help of automated solutions, thereby reducing employee involvement in production processes.
While established retailers are pushing their technology harder in new fields and operating environments, the barriers to entry are declining rapidly. These trends have led to an increase in competition among retailers, thus, leading to the introduction of fictional business models as advanced products. Buyers are experiencing a paradigm shift and focus on ordering rather than production to sell stock. These circumstances are expected to drive a comprehensive overhaul of production business models. This, in turn, is expected to fuel the market during the forecast period.
Smart Manufacturing Market Report Highlights:
- Industrial 4.0 has been helping to transform the market from acquiring legacy systems to smart components and sophisticated equipment to the development of digital factories, and later, to the ecosystem of plants and connected businesses
- Based on the technology segment, the 3D Printing type of smart manufacturing is anticipated to grow with the highest CAGR of 17.8% during the forecast period due to the rise in the usage of 3D animation in the production of spare parts
- The software segment accounted for the largest market share of over 49% in 2024, owing to its essential role in enabling data analytics, process optimization, and integration of various manufacturing systems.
- The smart manufacturing market in Asia Pacific is expected to grow at the highest CAGR of over 15% in 2024, driven by the increasing adoption of advanced technologies in countries.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Smart Manufacturing Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Technology Challenge
- 3.3. Smart Manufacturing Market Analysis Tools
- 3.3.1. Technology Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Smart Manufacturing Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Manufacturing Market: Component Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Smart Manufacturing Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Manufacturing Market: Technology Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Machine Execution Systems
- 5.3.1. Machine Execution Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Programmable Logic Controller
- 5.4.1. Programmable Logic Controller Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Enterprise Resource Planning
- 5.5.1. Enterprise Resource Planning Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. SCADA
- 5.6.1. SCADA Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Discrete Control Systems
- 5.7.1. Discrete Control Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Human Machine Interface
- 5.8.1. Human Machine Interface Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.9. Machine Vision
- 5.9.1. Machine Vision Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.10. 3D Printing
- 5.10.1. 3D Printing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.11. Product Lifecycle Management
- 5.11.1. Product Lifecycle Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.12. Plant Asset Management
- 5.12.1. Plant Asset Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Smart Manufacturing Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Smart Manufacturing Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Automotive
- 6.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Aerospace & Defense
- 6.4.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Chemical & Materials
- 6.5.1. Chemicals & Materials Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Healthcare
- 6.6.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Industrial Equipment
- 6.7.1. Industrial Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Electronics
- 6.8.1. Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Food & Agriculture
- 6.9.1. Food & Agriculture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.10. Oil & Gas
- 6.10.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.11. Others
- 6.11.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. Smart Manufacturing Market by Region, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Smart Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. South Africa
- 7.6.3.1. South Africa Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. UAE Smart Manufacturing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. ABB Ltd.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Cisco Systems, Inc.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Siemens AG
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. General Electric
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Rockwell Automation Inc.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Schneider Electric
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Honeywell International Inc.
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Emerson Electric Co.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. FANUC Corporation
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Mitsubishi Electric Corporation
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives