Global Smart Manufacturing Market Size & Outlook
Global smart manufacturing market, 2018-2030 (US$M)
Related Markets
Global smart manufacturing market highlights
- The global smart manufacturing market generated a revenue of USD 349,812.1 million in 2024 and is expected to reach USD 790,907.2 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 14% by 2030.
- In terms of segment, software accounted for a revenue of USD 203,566.5 million in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 349,812.1 million |
| Market revenue in 2030 | USD 790,907.2 million |
| Growth rate | 14% (CAGR from 2025 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 26.1% of the global smart manufacturing market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 43,991.8 million by 2030.
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Smart Manufacturing Market Scope
Smart Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fanuc Corp | View profile | 11532 | 3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, Japan, 401-0597 | http://www.fanuc.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Global smart manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart manufacturing market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 58.19% in 2024. Horizon Databook has segmented the Global smart manufacturing market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Manufacturing Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
- Global Smart Manufacturing Technology Outlook (Revenue, USD Million, 2018-2030)
- Machine Execution Systems
- Programmable Logic Controller
- Enterprise Resource Planning
- SCADA
- Discrete Control Systems
- Human Machine Interface
- Machine Vision
- 3D Printing
- Product Lifecycle Management
- Plant Asset Management
- Global Smart Manufacturing End Use Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Aerospace & Defence
- Chemicals & Materials
- Healthcare
- Industrial Equipment
- Electronics
- Food & Agriculture
- Oil & Gas
- Others
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Target buyers of Global smart manufacturing market databook
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Our clientele includes a mix of smart manufacturing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global smart manufacturing market , including forecasts for subscribers. This global databook contains high-level insights into Global smart manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global smart manufacturing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart manufacturing market size, 2024 (US$M)
Global smart manufacturing market share, by component, 2024 & 2030 (%, US$M)
Smart manufacturing market: Opportunity assessment by country
Global smart manufacturing market, by region, 2024 (US$M)
Related statistics
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