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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 2050469
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 2050469
Smart Manufacturing Market, By Technology, By Components, By End-use Industry, By Geography
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PAGES: 135 Pages
DELIVERY TIME: 2-3 business days
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Smart Manufacturing Market is estimated to be valued at USD 238.2 Mn in 2026 and is expected to reach USD 367.2 Mn by 2033, growing at a compound annual growth rate (CAGR) of 6.4% from 2026 to 2033.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2025 | Market Size in 2026: | USD 238.2 Mn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2026 To 2033 |
| Forecast Period 2026 to 2033 CAGR: | 6.40% | 2033 Value Projection: | USD 367.2 Mn |
Smart manufacturing is a process that uses advanced technology and data analytics to enhance the operational efficiency of manufacturing units. Its benefits include reduced downtime, increased productivity, and improved product quality. This technology has been applied in a variety of industries, including automotive, pharmaceuticals, and electronics.
IoT and cloud connectivity are important factors in achieving a smart manufacturing strategy. These technologies allow machines to communicate with each other and send alerts when problems occur. They also increase the quality of goods produced. Some devices may even be able to independently make decisions based on their own sensors and AI.
Market Dynamics
As the demand for intelligent automation increases, the global smart manufacturing market is expected to grow rapidly. Several major players are focusing on expanding their customer base in the global market. They invest in research and development to develop advanced products. This in turn will boost the market growth.
However, rising costs, transportation capacity constraints, and inadequate supply chain scalability are some of the factors that will limit the market's growth in the coming years.
In July 2022, Rockwell Automation announced the acquisition of Plex Systems for USD 2.22 billion to expand its industrial cloud software offering. Plex Systems is a pure software-as-a-service, cloud-native smart manufacturing platform operating at scale
In March 2022, FANUC and Rockwell Automation formed a alliance to address the manufacturing skills gap with robotics and automation apprenticeship plans planned to upskill current and future workers for advanced manufacturing, robotics, and automation jobs. The alliance has established new apprenticeship agendas offering people openings to gain credentials, including fundamental robotics (Robot Operator) and automation (PLC Operator).
Key features of the study
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global smart manufacturing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Yokogawa Electric Corporation, ABB Ltd., Texas Instruments Incorporated, Emerson Electric Company, Siemens AG, Fanuc Corp., Schneider Electric SE, General Electric Co., Rockwell Automation Inc., Honeywell International Inc., Robert Bosch GmbH, and Mitsubishi Electric Corporation.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global smart manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart manufacturing market
Market Segmentation
- Global Smart Manufacturing Market, By Technology (Revenue, USD Mn, 2021 - 2033)
- Programmable Logic Controller (PLC)
- Supervisory Controller and Data Acquisition (SCADA)
- Enterprise Resource and Planning (ERP)
- Distributed Control System (DCS)
- Human Machine Interface (HMI)
- Product Lifecycle Management (PLM)
- Manufacturing Execution System (MES)
- Other Technologies
- Global Smart Manufacturing Market, By Components (Revenue, USD Mn, 2021 - 2033)
- Communication Segment
- Control Device
- Machine Vision Systems
- Robotics
- Sensor
- Other Components
- Global Smart Manufacturing Market, By End-use Industry (Revenue, USD Mn, 2021 - 2033)
- Automotive
- Semiconductors
- Mining
- Oil & Gas
- Chemicals & Petrochemicals
- Pharmaceuticals
- Aerospace & Defense
- Food & Beverages
- Other End-user Industries
- Global Smart Manufacturing Market, By Geography (Revenue, USD Mn, 2021 - 2033)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- Key Companies Insights
- Yokogawa Electric Corporation
- ABB Ltd.
- Texas Instruments Incorporated
- Emerson Electric Company
- Siemens AG
- Fanuc Corp.
- Schneider Electric SE
- General Electric Co.
- Rockwell Automation Inc.
- Honeywell International Inc.
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
Product Code: CMI5566
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Technology
- Market Snapshot, By Components
- Market Snapshot, By End-User Industry
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Rise in demand for automation
- Growing requirement for compliance and government support for digitization
- Restraints
- Data security related concerns
- High cost of installation
- Opportunities
- Industrial revolution in manufacturing industries
- Drivers
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Smart Manufacturing Market, By Technology, 2021 - 2033, (USD Mn)
- Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2021 - 2033
- Segment Trends
- Programmable Logic Controller (PLC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Mn)
- Supervisory Controller and Data Acquisition (SCADA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Mn)
- Enterprise Resource and Planning (ERP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Mn)
- Distributed Control System (DCS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Mn)
- Human Machine Interface (HMI)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Mn)
- Product Lifecycle Management (PLM)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Mn)
- Manufacturing Execution System (MES)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Mn)
- Other Technologies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Mn)
5. Global Smart Manufacturing Market, By Components, 2021 - 2033, (USD Mn)
- Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2021 - 2033
- Segment Trends
- Communication Segment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Control Device
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Machine Vision Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Robotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Sensor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Other Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
6. Global Smart Manufacturing Market, By End-User Industry, 2021 - 2033, (USD Mn)
- Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2021 - 2033
- Segment Trends
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Semiconductors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Chemicals & Petrochemicals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Aerospace & Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
- Other End-user Industries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 - 2033,(USD Million)
7. Global Smart Manufacturing Market, By Region, 2021 - 2033, (USD Mn)
- Introduction
- Market Share Analysis, By Country, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, For Country 2021 - 2033
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2033,(USD Mn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2033,(USD Mn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2033,(USD Mn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2033,(USD Mn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2033,(USD Mn)
- Rest of World
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Components, 2021 - 2033,(USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2033,(USD Mn)
8. Competitive Landscape
- ABB Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Emerson Electric Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Fanuc Corp.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- General Electric Co.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Honeywell International Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Mitsubishi Electric Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Robert Bosch GmbH
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Rockwell Automation Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Schneider Electric SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Siemens AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Texas Instruments Incorporated
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Yokogawa Electric Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
9. Section
- Research Methodology
- About us
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