Analysis of Segments and Major Growth Areas in the IoT in Manufacturing Market

The Internet of Things (IoT) is increasingly transforming the manufacturing sector, promising remarkable growth and innovation over the coming years. As industries adopt smarter technologies and integrate advanced analytics, the IoT in manufacturing market is set to expand rapidly, driven by evolving technological trends and rising demand for connected operations.

Forecasting the IoT in Manufacturing Market Size and Expansion by 2030
The IoT in manufacturing market is projected to grow significantly, reaching a valuation of $710.98 billion by 2030. This represents a strong compound annual growth rate (CAGR) of 16.2% during the forecast period. Key contributors to this growth include the integration of artificial intelligence (AI) within industrial IoT systems, the expansion of smart manufacturing initiatives, increasing investments in edge computing, and the rising need for real-time analytics. Additionally, the development of connected factory ecosystems is playing a vital role. Prominent trends anticipated to shape the market involve predictive maintenance, comprehensive smart factory integration, continuous real-time production monitoring, advanced industrial IoT platforms, and the application of edge computing in manufacturing environments.

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Leading Industry Players Driving Innovation in IoT for Manufacturing
Several prominent companies dominate the IoT manufacturing landscape, including Microsoft Corporation, SAP SE, Robert Bosch GmbH, International Business Machines Corporation, Cisco Systems Inc., General Electric Company, Huawei Technologies Co. Ltd., PTC Inc., Zebra Technologies Corporation, Siemens Aktiengesellschaft, Rockwell Automation Inc., Wind River Systems Inc., Schneider Electric SE, ClearBlade Inc., Mocana Corporation, Impinj Inc., Uptake Technologies Inc., ARCSTONE Pte. Ltd., Software AG, Texas Instruments Incorporated, Hitachi Ltd., Konux GmbH, Honeywell International Inc., Intel Corporation, ABB Ltd., Mitsubishi Electric Corporation, Fujitsu Limited, accenture* plc, Oracle Corporation, Hewlett Packard Enterprise Development LP, Dell Technologies Inc., Amazon Web Services Inc., Fanuc Corporation, Kuka AG, and Yaskawa Electric Corporation.

Strategic Acquisition Enhancing Market Position
In June 2025, Nordic Semiconductor, a Norway-based specialist in low-power wireless connectivity, acquired Memfault Inc., a US-based company specializing in IoT services for industrial manufacturing. Though the financial details were not disclosed, this acquisition marks Nordic Semiconductor's evolution from a hardware provider into a comprehensive IoT solutions partner. By integrating cloud-based monitoring, analytics, and connectivity services, Nordic aims to better serve industrial and manufacturing applications through enhanced IoT solutions.

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Innovative Product Developments Shaping the Market
Leading manufacturers in the IoT in manufacturing arena are focusing on pioneering new technologies to bolster their market presence. A notable example is the development of the SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs), designed to deliver reliable, secure, and cost-effective Wi-Fi connectivity in challenging industrial settings. In April 2023, Texas Instruments (TI) introduced this product line, which, when combined with microcontrollers or CPUs, offers robust IoT connections with strong radio frequency performance. These ICs cater to demanding sectors such as grid infrastructure, healthcare, and building automation, supporting operations in high-density or high-temperature environments up to 105°C.

Detailed Segmentation of the IoT in Manufacturing Market
This report categorizes the IoT in manufacturing market into several segments for a clearer understanding:
1) Component: Solutions, Platforms, Services
2) Vertical Industries: Energy and Utilities, Automotive, Food and Beverages, Aerospace and Defense, Chemicals and Materials, High-Tech Products, Healthcare
3) Platforms: Device Management Platform, Application Management Platform, Connectivity Management Platform
4) Applications: Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency and Incident Management, Logistics and Supply Chain Management, Inventory Management

Further subcategories include:
- Solutions: Hardware and Software
- Platforms: IoT Platform, Cloud Platform, Edge Computing Platform
- Services: Professional Services and Managed Services

This segmentation highlights the diverse range of technologies and applications driving the growth and versatility of IoT within manufacturing sectors globally.

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This release was published on openPR.