Smart Manufacturing Market Size Worth Around USD 900.14 Bn by 2034

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

Chapter 6. Smart Manufacturing Market Dynamics Analysis and Trends

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

Chapter 9. Global Smart Manufacturing Market, By Component

9.1. Smart Manufacturing Market, by Component
9.1.1. Software
9.1.1.1. Market Revenue and Forecast
9.1.2. Hardware
9.1.2.1. Market Revenue and Forecast
9.1.3. Services
9.1.3.1. Market Revenue and Forecast

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
10.1.2. Automotive
10.1.2.1. Market Revenue and Forecast
10.1.3. Chemicals & Materials
10.1.3.1. Market Revenue and Forecast
10.1.4. Industrial Equipment
10.1.4.1. Market Revenue and Forecast
10.1.5. Healthcare
10.1.5.1. Market Revenue and Forecast
10.1.6. Electronics
10.1.6.1. Market Revenue and Forecast
10.1.7. Oil & Gas
10.1.7.1. Market Revenue and Forecast
10.1.8. Food & Agriculture
10.1.8.1. Market Revenue and Forecast
10.1.9. Others
10.1.9.1. Market Revenue and Forecast

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

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

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 9.65% over the forecast period 2025 to 2034.

The smart manufacturing market size is valued at USD 392.85 billion in 2025 and is predicted to reach around USD 900.14 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 2024 and further anticipated to grow impressively over the forecast period due to introduction of autonomous vehicles