List of Contents

Smart Manufacturing Market Size, Share, and Trends 2024 to 2034

The global smart manufacturing market size is calculated at USD 353.23 billion in 2025 and is expected to reach around USD 1,343.32 billion by 2034, expanding at a CAGR of 16% from 2025 to 2034. The Asia Pacific smart manufacturing market size was estimated at USD 130.69 billion in 2025 and is expanding at a CAGR of 16.2% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1119
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Smart Manufacturing Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Smart Manufacturing Market

5.1. Covid-19: Smart Manufacturing Industry Impact
5.2. Smart Manufacturing Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Smart Manufacturing Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Smart Manufacturing Vendors to deal with Covid-19 Pandemic Scenario

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increasing Penetration of Internet of Things (IoT)
6.1.1.2. Rising Demand for Automation
6.1.2. Market Restraints
6.1.2.1. Rising Concern for Security
6.1.3. Market Opportunities
6.1.3.1. Government Support & Initiatives for Digitization in Industrial Sector
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Smart Manufacturing Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Smart Manufacturing Market Revenue by Vendor
7.1.1.2. Smart Manufacturing Market Revenue Market Share by Vendor
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Regional Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Smart Manufacturing Market, By Technology

8.1. Smart Manufacturing Market, by Technology, 2025-2034
8.1.1. Programmable Logic Controller
8.1.1.1. Market Revenue and Forecast (2022-2034)
8.1.2. Machine Execution Systems
8.1.2.1. Market Revenue and Forecast (2022-2034)
8.1.3. Enterprise Resource Planning
8.1.3.1. Market Revenue and Forecast (2022-2034)
8.1.4. Discrete Control Systems
8.1.4.1. Market Revenue and Forecast (2022-2034)
8.1.5. SCADA
8.1.5.1. Market Revenue and Forecast (2022-2034)
8.1.6. Human Machine Interface
8.1.6.1. Market Revenue and Forecast (2022-2034)
8.1.7. 3D Printing
8.1.7.1. Market Revenue and Forecast (2022-2034)
8.1.8. Machine Vision
8.1.8.1. Market Revenue and Forecast (2022-2034)
8.1.9. Plant Asset Management
8.1.9.1. Market Revenue and Forecast (2022-2034)
8.1.10. Product Lifecycle Management
8.1.10.1. Market Revenue and Forecast (2022-2034)

Chapter 9. Global Smart Manufacturing Market, By Component

9.1. Smart Manufacturing Market, by Component, 2025-2034
9.1.1. Software
9.1.1.1. Market Revenue and Forecast (2022-2034)
9.1.2. Hardware
9.1.2.1. Market Revenue and Forecast (2022-2034)
9.1.3. Services
9.1.3.1. Market Revenue and Forecast (2022-2034)

Chapter 10. Global Smart Manufacturing Market, By End-use

10.1. Smart Manufacturing Market, by End-use, 2025-2034
10.1.1. Aerospace & Defense
10.1.1.1. Market Revenue and Forecast (2022-2034)
10.1.2. Automotive
10.1.2.1. Market Revenue and Forecast (2022-2034)
10.1.3. Chemicals & Materials
10.1.3.1. Market Revenue and Forecast (2022-2034)
10.1.4. Industrial Equipment
10.1.4.1. Market Revenue and Forecast (2022-2034)
10.1.5. Healthcare
10.1.5.1. Market Revenue and Forecast (2022-2034)
10.1.6. Electronics
10.1.6.1. Market Revenue and Forecast (2022-2034)
10.1.7. Oil & Gas
10.1.7.1. Market Revenue and Forecast (2022-2034)
10.1.8. Food & Agriculture
10.1.8.1. Market Revenue and Forecast (2022-2034)
10.1.9. Others
10.1.9.1. Market Revenue and Forecast (2022-2034)

Chapter 11. Global Smart Manufacturing Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Technology (2022-2034)
11.1.2. Market Revenue Forecast by Component (2022-2034)
11.1.3. Market Revenue Forecast by End-use (2022-2034)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2022-2034)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2022-2034)
11.2. Europe
11.2.1. Market Revenue Forecast by Technology (2022-2034)
11.2.2. Market Revenue Forecast by Component (2022-2034)
11.2.3. Market Revenue Forecast by End-use (2022-2034)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2022-2034)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2022-2034)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2022-2034)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2022-2034)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Technology (2022-2034)
11.3.2. Market Revenue Forecast by Component (2022-2034)
11.3.3. Market Revenue Forecast by End-use (2022-2034)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2022-2034)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2022-2034)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2022-2034)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2022-2034)
11.4. LATAM
11.4.1. Market Revenue Forecast by Technology (2022-2034)
11.4.2. Market Revenue Forecast by Component (2022-2034)
11.4.3. Market Revenue Forecast by End-use (2022-2034)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2022-2034)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2022-2034)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Technology (2022-2034)
11.5.2. Market Revenue Forecast by Component (2022-2034)
11.5.3. Market Revenue Forecast by End-use (2022-2034)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2022-2034)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2022-2034)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2022-2034)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2022-2034)

Chapter 12. Company Profiles

12.1. Emerson Electric Co.
12.1.1. Company Overview, Business Information, Geographical Reach
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price and Gross Margin
12.1.4. Recent Developments and Strategies
12.2. ABB Ltd.
12.2.1. Company Overview, Business Information, Geographical Reach
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price and Gross Margin
12.2.4. Recent Developments and Strategies
12.3. Fanuc Corporation
12.3.1. Company Overview, Business Information, Geographical Reach
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price and Gross Margin
12.3.4. Recent Developments and Strategies
12.4. Honeywell International, Inc.
12.4.1. Company Overview, Business Information, Geographical Reach
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price and Gross Margin
12.4.4. Recent Developments and Strategies
12.5. General Electric Co.
12.5.1. Company Overview, Business Information, Geographical Reach
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price and Gross Margin
12.5.4. Recent Developments and Strategies
12.6. Mitsubishi Electric Corporation
12.6.1. Company Overview, Business Information, Geographical Reach
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price and Gross Margin
12.6.4. Recent Developments and Strategies
12.7. Rockwell Automation, Inc.
12.7.1. Company Overview, Business Information, Geographical Reach
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price and Gross Margin
12.7.4. Recent Developments and Strategies
12.8. Robert Bosch GmbH
12.8.1. Company Overview, Business Information, Geographical Reach
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price and Gross Margin
12.8.4. Recent Developments and Strategies
12.9. Schneider Electric SE
12.9.1. Company Overview, Business Information, Geographical Reach
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price and Gross Margin
12.9.4. Recent Developments and Strategies
12.10. Yokogawa Electric Corporation
12.10.1. Company Overview, Business Information, Geographical Reach
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price and Gross Margin
12.10.4. Recent Developments and Strategies
12.11. Siemens AG
12.11.1. Company Overview, Business Information, Geographical Reach
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Application
12.11.3. Revenue, Price and Gross Margin
12.11.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Frequently Asked Questions

The global smart manufacturing market is expected to grow at a CAGR of 16% over the forecast period 2025 to 2034.

The smart manufacturing market size was valued at USD 304.51 billion in 2024 and is predicted to reach around USD 1,343.32 billion by 2034.

Smart manufacturing refers to a fully-integrated and collaborative manufacturing system that provides response in real time to cater the changing conditions and demands in a supply network, factory, and in customer needs. In other words, it refers to the ability to solve recent and future problems through an open infrastructure that permits solutions to drive the business and create advantaged output.

Evolution of Internet of Things (IoT) and various digital technologies that include artificial intelligence and machine learning has upended the manufacturing sector in the recent past. Integration of these technologies at different levels of industry supply chain is likely to boost the demand for smart manufacturing solutions over the upcoming years. Government is significantly supporting the adoption of smart manufacturing technologies and factory automation by offering various incentives and policies as this is expected to improve the economic growth of a country. Growth in the manufacturing and industrial sector have remarkable contribution to the economic growth of a country as it propels the trade activity as well as draws job opportunity within the country. Besides this, increasing

Machine Execution System (MES) holds the leading market position in terms of revenue on account of rising demand for streamlined workflow along with reduced lead time.

The Asia Pacific emerged as a global leader in the smart manufacturing market because of the presence of numerous players operating in the market.

Some of the key players operating in the market are Emerson Electric Co., ABB Ltd., Fanuc Corporation, Honeywell International, Inc., General Electric Co., Mitsubishi Electric Corporation, Rockwell Automation, Inc., Robert Bosch GmbH, Schneider Electric SE, Yokogawa Electric Corporation, and Siemens AGamong others.

3D printing segment projected to witness the fastest growth rate over the analysis period because of its escalating adoption in agile product iterations and design process.

The automotive segment led the market in 2023 and further anticipated to grow impressively over the forecast period due to introduction of autonomous vehicles

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