Smart Manufacturing Market

Maria James

Smart Manufacturing Market Growth, Trends and Industry Report 2022-2027

Smart Manufacturing Market, Smart Manufacturing Market Share

Smart Manufacturing Market Overview:

According to IMARC Group latest report titled” Smart Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on smart manufacturing market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global smart manufacturing market reached a value of US$ 253.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 527.3 Billion by 2027, exhibiting a CAGR of 12.5% during 2022-2027.

Smart manufacturing refers to the usage of internet-connected machinery for monitoring the production process. It involves the adoption of several technologies, such as machine execution systems, programmable logic controllers, discrete control systems, human-machine interface, machine vision, 3D printing, plant asset management, etc. Smart manufacturing solutions automate operations by using data analytics to enhance the overall manufacturing performance.

They assist manufacturing engineers and data analysts in identifying failures in specific parts and undertake adequate preventive maintenance to avoid unplanned downtime on devices. In line with this, smart manufacturing systems also offer a wide array of benefits, including dynamic production and real-time optimization, which help in reducing accidents, cycle times, maintenance costs, etc. Consequently, they find extensive applications across numerous sectors, such as automotive, manufacturing, defense, aerospace, oil and gas, food and beverage (F&B), agriculture, chemical, healthcare, consumer electronics, etc.

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Market Trends:

The inflating need for automation and digitization is among the key factors driving the smart manufacturing market. Additionally, the escalating demand for connected supply chains that are equipped with sensing, simulation, advanced control, and modeling capabilities is also positively influencing the global market. Besides this, the rising consumer concerns towards the increasing operational costs and uncertainties in the supply of energy and raw materials are acting as significant growth-inducing factors.

Moreover, the growing requirement for efficient solutions to improve the productivity of enterprises is further bolstering market growth. Apart from this, the emerging trend of adopting cloud platforms and the Internet of Things (IoT) across various industries, especially in developing countries, is anticipated to propel the smart manufacturing market over the forecasted period.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • 3D Systems Inc.
  • ABB Ltd.
  • Emerson Electric Co.
  • Fanuc Corporation
  • General Electric Company
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corporation

Smart Manufacturing Market Segmentation:

Our report has categorized the market based on region, component, technology and end use.

  • Hardware
  • Software
  • Services
  • Machine Execution Systems
  • Programmable Logic Controller
  • Enterprise Resource Planning
  • Discrete Control Systems
  • Human Machine Interface
  • Machine Vision
  • 3D Printing
  • Product Lifecycle Management
  • Plant Asset Management

End Use:

  • Automotive
  • Aerospace and Defense
  • Chemicals and Materials
  • Healthcare
  • Industrial Equipment
  • Electronics
  • Food and Agriculture
  • Oil and Gas
  • Others


  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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