What is the global market size of the Smart Manufacturing Market?

Global Smart Manufacturing Market size was valued at USD 249.56 billion in 2021 and is poised to grow from USD 277.81 billion in 2022 to USD 658.41 billion by 2030, growing at a CAGR of 13.1% in the forecast period (2023-2030).

Who are the key vendors in the Global Smart Manufacturing Market?

There are several significant participants in the reasonably competitive market for smart manufacturing. The major firms that hold significant market shares are concentrating on growing their clientele abroad. The businesses are utilizing tactical joint ventures to raise their market share and profitability. To improve the functionality of their products, industry participants are also buying up start-ups developing automated robotic technologies. For instance, to reduce the amount of employment work, Honeywell International, Inc. released robotic technology called 'Smart Flexible Depalletizer' in September 2021. This innovation is boosting warehouse productivity and lowering workplace accidents. 'Siemens AG', 'ABB Ltd.', 'General Electric Company', 'Honeywell International Inc.', 'Schneider Electric SE', 'Emerson Electric Co.', 'Mitsubishi Electric Corporation', 'Rockwell Automation, Inc.', 'Fanuc Corporation', 'Yokogawa Electric Corporation', 'Cisco Systems, Inc.', 'IBM Corporation', 'Oracle Corporation', 'Microsoft Corporation', 'SAP SE', 'PTC Inc.', 'Stratasys Ltd.', 'Hewlett Packard Enterprise Development LP', 'FANUC Corporation', 'Dassault Systèmes SE'

What is the key driver of the Global Smart Manufacturing Market?

Governments all over the world are backing and financing Research and development for developments like the IoT and commercial 3D printing as they become more aware of the huge opportunities of smart manufacturing technologies. The governments of various nations are encouraging the development of the IoT because they see themselves as future users of the technology. To create and manage digital infrastructure in the future, they are financially sponsoring fresh IoT research initiatives.

What is the key market trend for the Global Smart Manufacturing Market?

One of their main uses, big data, is regarded as one of the newest market growth trends. Big data applications are in high demand due to the substantial, continuously growing volume of organized and unstructured data and information. Likewise, the IoT is the most important trend for the market (IoT). Smart cars, monitoring devices, digital phones, and other connected components are all part of the Internet of Things (IoT), which is a platform supported by AI. All of these gadgets produce enormous amounts of data, which are then processed by artificial intelligence programs. Self-driving/autonomous automobiles, smart houses, intelligent thermostats, pacemakers, smart city solutions, etc. are a few examples of the applications.

Which region accounted for the largest share in the Global Smart Manufacturing Market?

In 2021, due to the favorable ecology seen in countries like Japan, India, and Australia, the Asia Pacific region accounted for the largest share of the smart manufacturing market and is predicted to expand quickly during the projection period.

Top Smart Manufacturing Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Smart Manufacturing Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Smart Manufacturing industry players.

Smart Manufacturing Market Competitive Landscape

There are several significant participants in the reasonably competitive market for smart manufacturing. The major firms that hold significant market shares are concentrating on growing their clientele abroad. The businesses are utilizing tactical joint ventures to raise their market share and profitability. To improve the functionality of their products, industry participants are also buying up start-ups developing automated robotic technologies.

Smart Manufacturing Market Top Players Company Profiles

Siemens AG
General Electric Company
Schneider Electric SE
IBM Corporation
Cisco Systems, Inc.
Rockwell Automation, Inc.
ABB Ltd
Honeywell International Inc.
Mitsubishi Electric Corporation
Fanuc Corporation
Bosch Rexroth AG
Yokogawa Electric Corporation
SAP SE
Oracle Corporation
PTC Inc.
Emerson Electric Co.
Microsoft Corporation
Hewlett Packard Enterprise (HPE)
Stratasys Ltd.
3D Systems Corporation

Smart Manufacturing Market Recent Development

In April 2023, Snowflake announced the launch of the Manufacturing Data Cloud, which enables companies in automotive, technology, energy, and industrial sectors to unlock the value of their critical siloed industrial data by leveraging Snowflake’s data platform, Snowflake- and partner-delivered solutions, and industry-specific datasets. The Manufacturing Data 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 February 2022, ThinkIQ Launched Open Software Platform for Smart Manufacturing. ThinkIQ announced that the Clean Energy Smart Manufacturing Innovation Institute, the United States’ national institute on Smart Manufacturing, will now be licensing its technology to power CESMII’s Smart Manufacturing Innovation Platform. According to ThinkIQ, democratized information models make it easier, faster and cheaper than traditional closed solutions available to the manufacturing community.

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FAQs

Smart Manufacturing Market size was valued at USD 300.43 Billion in 2024 and is poised to grow from USD 346.39 Billion in 2025 to USD 1081.93 Billion by 2033, growing at a CAGR of 15.3% during the forecast period (2026–2033).

The global smart manufacturing market is highly competitive, with a significant number of small and medium-sized players vying for market share against established manufacturers. The majority of small-scale players are located in the Asia Pacific region, where the market is still developing. With the evolution of technology, products that are being manufactured are also becoming more innovative. Industrial automation is streamlining the process, allowing the market to grow alongside these advancements. The North American and European markets are dominated by large and medium-sized companies. Despite high competition, technological advancements are enabling companies to save time and costs while increasing efficiency and effectiveness. 'ABB Ltd (Switzerland) ', 'Emerson Electric Co. (USA) ', 'FANUC Corporation (Japan) ', 'General Electric (USA) ', 'Honeywell International Inc. (USA) ', 'Mitsubishi Electric Corporation (Japan) ', 'Robert Bosch GmbH (Germany) ', 'Rockwell Automation (USA) ', 'Schneider Electric SE (France) ', 'Siemens AG (Germany) ', 'Texas Instruments Incorporated (USA) ', 'Yokogawa Electric Corporation (Japan) ', '3D Systems, Inc. (USA) ', 'Oracle Corporation (USA) ', 'SAP SE (Germany) ', 'IBM Corporation (USA) ', 'Cisco Systems, Inc. (USA) ', 'Stratasys Ltd. (USA) ', 'Dassault Systèmes (France) ', 'PTC Inc. (USA)'

Sensor advancements that consistently provide precise and accurate measurements have been crucial in increasing demand in novel applications, which will further accelerate the growth of the market. The smart manufacturing market are the rising attention on the energy absorption, manufacturing effectiveness, and the growing practice for a developed base for the manufacturing

The continuous advancements in robotics technology, including developments in artificial intelligence, machine learning, and sensor technologies, present significant opportunities for the global smart manufacturing market. These innovations enable robots to become more intelligent, versatile, and capable of handling complex tasks, expanding their application possibilities across various industries

North America is leading the market. Canada and the United States are investing more in modern industrial technologies. The introduction of the smart manufacturing concept has been accelerated by technological advancements, the availability of substitute printing materials, and lower equipment prices. The North American aerospace & defense, health, industrial, and automotive industries are all seeing significant investment efforts expected to grow significantly in the future. Many government facilities like NASA, have identified the importance of 3D Printing R&D investments that can contribute substantially to space applications and produce new technologies to fuel market expansion.

Top Smart Manufacturing Companies

Smart Manufacturing Market Competitive Landscape

FAQs

What is the global market size of Smart Manufacturing Market?

Who are the key vendors in the Smart Manufacturing Market?

What is the key driver of Smart Manufacturing Market?

What is the key market trend for Smart Manufacturing Market?

Which region accounted for the largest share in Smart Manufacturing Market?

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