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 297,203.9 million in 2023 and is expected to reach USD 787,536.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14.9% by 2030.
- In terms of segment, software accounted for a revenue of USD 147,969.8 million in 2023.
- 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 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 297,203.9 million |
| Market revenue in 2030 | USD 787,536.4 million |
| Growth rate | 14.9% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 26.4% of the global smart manufacturing market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 11,486.8 million by 2030.
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Smart Manufacturing Market Scope
Smart Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 49.79% in 2023. Horizon Databook has segmented the Global smart manufacturing market based on hardware, software, 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.
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Global smart manufacturing market size, by region, 2018-2030 (US$M)
Top 10 countries: Smart manufacturing market size, 2023 (US$M)
Global smart manufacturing market share, by component, 2023 & 2030 (%, US$M)
Smart manufacturing market: Opportunity assessment by country
Global smart manufacturing market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 55,366.4 | 59,571.0 | 54,256.4 | 59,912.1 | 67,961.5 | 78,533.2 | 91,067.7 | 105,487.0 | 121,331.6 | 138,054.8 | 155,369.7 | 172,533.3 | 189,246.4 | 13.4% |
| Europe | 43,055.2 | 46,274.1 | 42,379.4 | 46,701.5 | 53,228.5 | 61,562.3 | 71,975.5 | 84,078.4 | 97,546.5 | 112,006.3 | 127,271.1 | 142,841.7 | 159,082.4 | 14.5% |
| Asia Pacific | 69,587.6 | 76,508.8 | 71,240.6 | 80,469.1 | 93,411.8 | 110,511.3 | 131,329.6 | 156,064.8 | 184,193.8 | 215,153.7 | 248,701.7 | 283,953.4 | 319,739.8 | 16.4% |
| Latin America | 20,110.0 | 21,845.2 | 20,098.7 | 22,457.6 | 25,807.1 | 30,247.1 | 35,636.7 | 41,973.0 | 49,098.6 | 56,842.4 | 65,122.6 | 73,693.5 | 81,903.8 | 15.3% |
| MEA | 10,605.9 | 11,687.0 | 10,640.0 | 12,114.2 | 13,828.8 | 16,350.1 | 18,907.9 | 21,677.0 | 24,640.8 | 27,706.3 | 30,815.2 | 33,922.9 | 37,564.1 | 12.6% |
| Overall | 198,725.1 | 215,886.0 | 198,615.2 | 221,654.5 | 254,237.7 | 297,203.9 | 348,917.4 | 409,280.1 | 476,811.3 | 549,763.5 | 627,280.1 | 706,944.7 | 787,536.4 | 14.9% |
Related regional statistics
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