openPR Logo
Press release

Smart Manufacturing Market size to reach a value of USD 837.08 Billion by 2030

11-19-2024 10:18 AM CET | IT, New Media & Software

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Smart Manufacturing Market

Smart Manufacturing Market

The ๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 340.75 Bn. in 2023 and the total Smart Manufacturing revenue is expected to grow at 13.7 % from 2024 to 2030, reaching nearly USD 837.08 Bn.

๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Smart Manufacturing (SM) represents a transformative approach to production processes, driven by the integration of cutting-edge technologies that enhance operational efficiency. At its core, SM utilizes internet-connected devices and sensors embedded in industrial machinery to monitor, control, and optimize manufacturing processes in real-time. This dynamic strategy is supported by data analytics and the Industrial Internet of Things (IIoT), which together enable automated decision-making, improved performance, and greater cost-efficiency. Unlike traditional manufacturing methods, where data was siloed and often used reactively, SM leverages predictive analytics and real-time monitoring to drive proactive improvements, enhancing productivity and minimizing downtime.

๐„๐ฑ๐ฉ๐ž๐ซ๐ข๐ž๐ง๐œ๐ž ๐ญ๐ก๐ž ๐๐ฎ๐š๐ฅ๐ข๐ญ๐ฒ ๐…๐ข๐ซ๐ฌ๐ญ๐ก๐š๐ง๐ - ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž: https://www.maximizemarketresearch.com/request-sample/21436/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:

One of the key drivers propelling the growth of the Smart Manufacturing market is the escalating government involvement in fostering innovation within the sector. Governments worldwide recognize the transformative potential of smart manufacturing and have introduced initiatives to support its adoption, including funding research and incentivizing the development of Industrial Internet of Things (IIoT) and automation technologies. National programs aimed at enhancing technological capabilities, such as 3D printing and automation, are gaining momentum, particularly in regions like North America, Europe, and Asia. Additionally, the increasing demand for greater operational efficiency, cost reduction, and enhanced productivity in manufacturing industries further drives the widespread adoption of smart manufacturing systems.

๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The Smart Manufacturing market is seeing several notable trends that are reshaping the industry. A significant trend is the rise of artificial intelligence (AI) and machine learning, which are becoming integral to the optimization of manufacturing processes. AI algorithms are increasingly being employed to analyze vast amounts of production data, enabling manufacturers to anticipate issues, streamline operations, and improve quality control. Another key trend is the growth of edge computing, where data processing is conducted closer to the point of generation, minimizing latency and improving response times.

๐‡๐š๐ฏ๐ž ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ? ๐–๐ž'๐ซ๐ž ๐‘๐ž๐š๐๐ฒ ๐ญ๐จ ๐‡๐ž๐ฅ๐ฉ - ๐€๐ฌ๐ค ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/inquiry-before-buying/21436/

๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

The Smart Manufacturing market is poised to benefit from numerous opportunities, particularly in developing economies where rapid industrialization is driving demand for advanced production technologies. Countries in Asia-Pacific, Latin America, and Africa are witnessing an increase in infrastructure development, which in turn is creating a need for more efficient manufacturing processes. The expansion of industries such as automotive, electronics, and consumer goods presents significant opportunities for the adoption of smart manufacturing solutions.

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ?

The Smart Manufacturing market is experiencing diverse growth patterns across various regions, with Asia-Pacific and Latin America showing the most promising growth trajectories. In Asia-Pacific, rapid technological advancements, coupled with substantial government initiatives like "Made in China 2025" and India's "Samarth Udyog Bharat 4.0," are propelling the market forward. These regions are also witnessing increased investments in infrastructure and automation, which is driving the adoption of smart manufacturing. Meanwhile, Latin America, although still emerging in terms of smart manufacturing adoption, is poised for significant growth due to the availability of raw materials, proximity to global markets, and increasing interest in automation.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐“๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐˜๐จ๐ฎ ๐๐ฎ๐ฒ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‡๐ž๐ซ๐ž: https://www.maximizemarketresearch.com/request-sample/21436/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Component

Hardware
Software
Solution
Industrial 3D Printing
Programmable Logic Controller (PLC)
Product Lifecycle Management (PLM)
Manufacturing Execution System (MES)
Robotic Process Automation (RPA)
Remote Monitoring software
Supervisory Controller and Data Acquisition (SCADA)
Others (Energy Management Systems, Fleet Management Solutions, etc.)
Services
Professional Services
Managed Services

by Deployment

Cloud
On-Premises

by Enterprises Size

Large Enterprises
Small & Medium Enterprises

by Industry

Process Industry
Oil & Gas
Food & Beverages
Pharmaceuticals
Chemicals
Energy & Power
Metals & Mining
Pulp & Paper
Others
Discrete Industry
Automotive
Aerospace & Defense
Semiconductor & Electronics
Medical Devices
Machine Manufacturing
Others
Mining
Construction
Oil & Gas
Others

by Enabling Technology

Industrial 3D Printing
AI in Manufacturing
Industrial Cyber security
Industrial Machine Vision
Industrial Sensors
Digital Twins
Robots
Automated Guided Vehicles
Machine Condition Monitoring
Artificial Reality & Virtual Reality
5G Industrial IoT

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐’๐ฆ๐š๐ซ๐ญ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Schneider Electric SE
2. ABB Ltd.
3. Cognex Corporation
4. Siemens AG
5. Emerson Electric Co.
6. Cisco Systems, Inc.
7. PTC, Inc.
8. Amazon Web Services, Inc.
9. SAP SE
10. Robert Bosch
11. IBM
12. Honeywell International Inc.
13. Rockwell Automation
14. General Electric
15. Hitachi
16. Plex

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐๐ฅ๐ž๐š๐ฌ๐ž ๐•๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-smart-manufacturing-market/21436/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape
Smart Manufacturing Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Smart Manufacturing Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Cultivated Meat Market https://www.maximizemarketresearch.com/market-report/cultivated-meat-market/152811/

โ™ฆ Global Wave Energy Converter Market https://www.maximizemarketresearch.com/market-report/wave-energy-converter-market/164740/

โ™ฆ Warehouse Automation System Market https://www.maximizemarketresearch.com/market-report/warehouse-automation-system-market/167432/

โ™ฆ Electric Wheelchair Market https://www.maximizemarketresearch.com/market-report/global-electric-wheelchair-market/21103/

โ™ฆ Customer Data Platform Market https://www.maximizemarketresearch.com/market-report/customer-data-platform-market/14397/

โ™ฆ The smartphone market https://www.maximizemarketresearch.com/market-report/global-smartphone-market/43099/

โ™ฆ silicon wafer market https://www.maximizemarketresearch.com/market-report/global-silicon-wafer-market/35534/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Manufacturing Market size to reach a value of USD 837.08 Billion by 2030 here

News-ID: 3743248 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD

Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Grow at 4.6% CAGR Through 2032
Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Gro โ€ฆ
The Ultrafiltered Milk Market size was valued at USD 8.36 Billion in 2024 and the total Ultrafiltered Milk revenue is expected to grow at a CAGR of 4.6% from 2025 to 2032, reaching nearly USD 11.99 Billion. Ultrafiltered Milk Market Overview: Ultrafiltered milk is gaining increasing attention in the dairy and functional food sectors thanks to its enhanced nutritional profile. Through a specialized membrane filtration process, ultrafiltration concentrates higher-molecular weight componentsโ€ฆ
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
The Bath Towel Market size reached USD 6.23 Bn in 2024 and is expected to reach USD 10.46 Bn by 2032, growing at a CAGR of 6.7 % during the forecast period. Bath Towel Market Overview: The bath towel industry is witnessing steady expansion, fueled by consumers' increasing focus on hygiene, comfort, and home aesthetics. High demand for plush, absorbent towels made of luxury materials such as Egyptian cotton, Turkish cotton,โ€ฆ
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
The global Carob Market was valued at USD 247.92 million in 2024 and is projected to reach USD 374.76 million by 2032, expanding at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2032. Carob Market Overview: The carob market is experiencing significant growth, driven by its increasing popularity as a natural sweetener and plant-based alternative to chocolate. Derived from the seed pods of the carobโ€ฆ
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
The Welding Electrode Market size was valued at USD 5.70 Billion in 2024 and the total Welding Electrode revenue is expected to grow at a CAGR of 8.9 % from 2025 to 2032, reaching nearly USD 11.27 Billion. Welding Electrode Market Overview: The Welding Electrode Market is evolving as a critical segment within the global manufacturing and construction industries. Welding electrodes are essential consumables that enable reliable and efficient joining ofโ€ฆ

All 5 Releases


More Releases for Manufacturing

Manufacturing the Future: Exploring the In-Space Manufacturing Market
Rapid improvements in space technology have created new opportunities for in-space production, transforming the space sector. The in-space manufacturing sector is expanding rapidly as space agencies and private companies investigate ways to manufacture products and structures in space. According to MarketsandMarkets' thorough market research analysis, the worldwide in-space manufacturing market is predicted to expand significantly in the next years. In this blog article, we will evaluate the recent trends andโ€ฆ
Global Miscellaneous Market by Types (Gasket, Packing, and Sealing Device Manufa โ€ฆ
The global Miscellaneous market was valued at xx million in 2020 and is projected to reach US$ xx million by 2027, at a CAGR of xx% during the forecast period. Global Miscellaneous Market overview Miscellaneous Market research report offers great insights into the market and consumer data and their interpretation through various figures and graphs. Miscellaneous markets have experienced significant growth in recent years. The main reason for this is the increasingโ€ฆ
Smart Factory Transforming from โ€œManufacturingโ€ to โ€œIntelligent Manufactur โ€ฆ
The concept of โ€œIndustry 4.0โ€ was officially announced by the German government in 2013 at the Hannover Messe. Since then, its influence has taken the world by storm. From steam mechanization to power automation to data informatization, the Industry 4.0, driven by โ€œintelligentizationโ€, will completely subvert the expectations, changing perceptions of productivity and production relations in the traditional manufacturing industry by way of qualitative change โ€“ an immortal monument, perhaps,โ€ฆ
Additive & Conventional Manufacturing โ€“ Hybrid Manufacturing Techniques From C โ€ฆ
Croft Filters, based in Warrington, England, have been supplying custom filtration and separation solutions for over 31 years. Over this time, Croft has developed a reputation for their quality, bespoke service through manufacturing a variety of products for specific requirements. These products have included Filtration Cones, Baskets & Screens, Disc Filters and Filtration Housings amongst others, and they are made with Wire Mesh, Wedge Wire and Perforated Plate, depending onโ€ฆ
Digital Meter Market 2017 - Al-Jon Manufacturing, Environmental Manufacturing, H โ€ฆ
The Global Digital Meter Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Digital Meter industry. First, "Global Digital Meter Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Digital Meter industry chain structure. Major Companies Covered in this report:- Al-Jon Manufacturing Heitman Laboratories Kws Manufacturing Company Kmb Systems Obvius Holdingd Llc Lubecorp Manufacturing Quadlogicโ€ฆ
Competitive Segmentation of Global Mixed-mode Manufacturing Market 2016 Industry โ€ฆ
The market research report titled Mixed-mode Manufacturing Market Research Report 2016 provides a detailed overview of the global Mixed-mode Manufacturing market, in terms of crucial market factors such as the demand drivers, challenges, market segments, key companies, and the recent market trends. The quantitative and the qualitative information presented in this research study is based on primary and secondary sources of information. Moreover, much of the information contained in thisโ€ฆ