Middle East & Africa Smart Manufacturing Market Size & Outlook
Middle East & Africa smart manufacturing market, 2018-2030 (US$M)
Related Markets
MEA smart manufacturing market highlights
- The MEA smart manufacturing market generated a revenue of USD 16,350.1 million in 2023.
- The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 16,350.1 million |
| Market revenue in 2030 | USD 37,564.1 million |
| Growth rate | 12.6% (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 |
| Key market players worldwide | ABB Ltd, Siemens AG, GE Aerospace, Rockwell Automation Inc, Schneider Electric SE, Honeywell International Inc, Fanuc Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.5% of the global smart manufacturing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 319,739.8 million by 2030.
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Smart Manufacturing Market Scope
Smart Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 50.39% in 2023. Horizon Databook has segmented the Middle East & Africa smart manufacturing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Smart Manufacturing Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
- Middle East & Africa 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
- Middle East & Africa 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 Middle East & Africa 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 continent-level data and insights on the Middle East & Africa smart manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Smart Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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