Press release
Global Smart Manufacturing Market Projected to Reach USD 1.41 Trillion by 2034; Strategic Insights Now Available for US$99
Evolve DataBank
The global industrial landscape is witnessing a massive transition toward autonomous efficiency, with the smart manufacturing market projected to grow from USD 305.61 billion in 2023 to USD 1.412 trillion by 2034. According to the latest exhaustive research by Evolve DataBank, the industry is maintaining a steady CAGR of 14.64%, driven by the mass integration of IoT, the rising adoption of AI-powered predictive maintenance, and the critical need for sustainable, data-driven factory operations.
The report identifies Software as the dominant component segment due to the escalating demand for advanced analytics and ERP systems, while 3D Printing and Machine Vision are emerging as high-growth technology categories. Geographically, Asia-Pacific continues to stand as the global leader in both production and growth velocity, with China and India leveraging aggressive government initiatives like "Made in China 2025." Meanwhile, North America and Europe remain critical hubs for high-end innovation, particularly in digital twin technologies and cybersecurity for smart factories.
Institutional-Grade Intelligence Now Accessible for US$99 In an industry-first move to democratize high-tier industrial technology research, Evolve DataBank is making its professional-grade 2021-2034 smart manufacturing data suite available for just US$99. This report provides granular data across components (Hardware, Software, Services), technologies (MES, PLC, SCADA, HMI, AI), end-user industries (Automotive, Aerospace, Healthcare, Electronics), and critical regional growth dynamics.
For instant access to the full forecast and segmentation data, visit: https://evolvedatabank.com/ProductMaster/ProductDataDisplay/smart-manufacturing-market-analysis
"Smart manufacturing is no longer a luxury for large enterprises; it has become the essential survival engine for global supply chains," says the Senior Analyst at Evolve DataBank. "By offering our in-depth analysis at a US$99 price point, we are empowering startups, industrial engineers, and independent analysts to access the same institutional-level data used by global industry leaders like ABB, Siemens, and Rockwell Automation."
Key Highlights of the Smart Manufacturing Market Report:
• Digital Twin & AI Surge: Detailed analysis of how real-time simulation and predictive analytics are reducing factory downtime by up to 25%.
• 5G & Connectivity Impact: Evaluation of how high-speed, low-latency communication is enabling seamless interoperability between robotics and cloud platforms.
• Vertical Adoption: In-depth look at the massive demand in Automotive and Electronics, focusing on customization and rapid product lifecycle management.
• Sustainability & ESG: Comprehensive breakdown of the rising role of smart systems in meeting global energy efficiency and waste reduction targets.
Sign up to Evolve DataBank for instant access to market reports and industry analysis across all covered verticals: https://evolvedatabank.com/Menu/UserSignup
Evolve DataBank Powered By Evolve Business Intelligence
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Email: info@evolvebi.com
Web: www.evolvedatabank.com
Evolve Data Bank, powered by Evolve Business Intelligence, is a premier online platform offering highly granular, data-driven market insights across diverse global verticals. We are the strategic partner for businesses, analysts, and researchers seeking reliable, actionable market intelligence.
Our comprehensive data bank covers critical sectors including Automotive & Transportation, Aerospace and Defence, Chemical and Materials, Construction And Manufacturing, Electronics and Semiconductor, and essential service industries like Life Science, Consumer Goods & Retail, BFSI, Food & Beverages, Information & Communication Technology, and Energy & Power.
Redefining Industry Access: Committed to democratizing high-tier market research, Evolve DataBank now offers its professional-grade data suites at a market-disrupting entry point of just US$99. By removing the traditional financial barriers to institutional-level intelligence, we empower startups, SMEs, and independent analysts to make data-backed decisions with the same precision as global enterprises.
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