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Hardware - Smart Manufacturing Market Statistics

Global hardware smart manufacturing market outlook size was valued at US$ 173,413.4 revenue in 2025 and is estimated to grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033.

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      • Smart Manufacturing Market Outlook

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Hardware - Smart manufacturing market highlights

  • The global hardware segment generated a revenue of USD 90,797.5 million in 2024 and is expected to reach USD 194,986.4 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 13% by 2030.
  • In terms of region, North America was the largest revenue generating market in 2024.
  • Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.


Market summary

Market revenue in 2024USD 90,797.5 million
Market revenue in 2030USD 194,986.4 million
Growth rate13% (CAGR from 2025 to 2030)
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million

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Global Smart Manufacturing Market Size & Outlook
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