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Smart Manufacturing Market Size worth $787.54 Billion, Globally, by 2030 - Exclusive Report by The Research Insights
CHICAGO, May 29, 2025 /PRNewswire/ -- The global Smart Manufacturing Market Size is projected to be valued at USD 297.20 billion in 2023 and reach USD 787.54 billion by 2030, growing at a CAGR of 14.9% according to a new report by The Research Insights. Key drivers of the smart manufacturing market growth consist of Industry 4.0 technology adoption such as IoT, AI, and robotics together with rising demands for automated operations and operational efficiency alongside government digital transformation initiatives and the requirement for real-time data-based decision-making. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Smart Manufacturing Market growth of 14.9% comprises a vast array of, Component, Technology, End-Use and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Smart Manufacturing Market Share, Download FREE Sample Pages: Market Overview and Growth Trajectory: Smart Manufacturing Market Growth: According to an exhaustive report by The Research Insights, the Smart Manufacturing Market is experiencing significant growth. The rise of smart manufacturing systems and solutions stems from the necessity to optimize resource utilization along with reducing waste. The "Manufacturing USA" government initiative strengthens market growth through enhanced research and development efforts that target manufacturing technologies including machine condition monitoring and AI. New technologies including human machine interface and edge computing function as growth-driving factors by reducing manufacturing downtime and boosting productivity with modern automated production techniques. Rapid Adoption of Industry 4.0 Technologies:Industry 4.0 principles drive the global smart manufacturing market through their emphasis on automation and real-time data exchange along with cyber-physical systems integration into manufacturing processes. The manufacturing sector is undergoing major transformations due to advancements in Industrial Internet of Things (IIoT), artificial intelligence (AI), robotics, digital twins, and edge/cloud computing technologies. Manufacturers now utilize advanced technologies to monitor and process production data in real-time which results in predictive maintenance capabilities and process optimization through autonomous decision-making. Embedded sensors in machines detect faults early which prevents downtime while improving equipment effectiveness and cutting operational expenses. AI-powered analytics together with machine learning models deliver practical insights for supply chain management as well as inventory control and demand forecasting. Digital transformation advances productivity and quality while driving innovation throughout the automotive, aerospace, electronics, and pharmaceutical industries. For Detailed Market Insights, Visit: Demand for Operational Efficiency and Cost Reduction:Manufacturers today must enhance their operational efficiency while reducing waste and optimizing resource utilization to survive in a volatile and globally competitive economic environment. Smart manufacturing creates solutions through its ability to build production systems that are both highly adaptive and agile. Every production phase benefits from decision-making improvements through advanced analytics and real-time monitoring starting at design and continuing through delivery. Manufacturing automation eliminates human mistakes and lowers labor expenses while speeding up production timelines as data analysis enhances both energy conservation and resource utilization. Smart energy management systems utilize usage pattern analysis to optimize electric consumption for various machines across multiple work shifts. Smart systems empower lean manufacturing which facilitates just-in-time production that lowers inventory expenses while enhancing adaptability to market fluctuations. Industries that produce high quantities of products while operating with limited financial buffers require these capabilities to maintain market competitiveness. Companies from various industries now direct more investments toward smart manufacturing to achieve competitive advantage while ensuring resilience and maintaining cost-effectiveness. Government Initiatives and Public-Private Partnerships:National governments worldwide implement strategic policies and funding programs alongside incentives to promote smart manufacturing adoption. Germany's "Industrie 4.0," China's "Made in China 2025," and the United States' "Manufacturing USA" collectively aim to modernize their domestic manufacturing sectors through digitization and workforce upskilling while advancing technological development. Substantial public R&D investments and tax incentives for new technology adoption along with industry-research grants define these initiatives. Governments are boosting their recognition of smart manufacturing as a key factor for boosting national competitiveness while securing supply chains and meeting sustainability goals. As part of wider climate objectives, smart technologies designed to boost energy efficiency while decreasing emissions receive various forms of support and incentives. The policies both speed up smart technology adoption in traditional manufacturing environments and expand market access by reducing the entry barriers for SMEs. Stay Updated on The Latest Smart Manufacturing Market Trends: Geographical Insights: In 2022 the Asia Pacific region had the most significant market share in the industry at 36.7%. The growth rate in this region stands out as the highest among all during the forecasted period. India and China represent emerging markets with immense potential for smart manufacturing and are actively pursuing full automation capabilities. The goal of these countries is to become self-reliant in production capabilities and manufacturing systems which drives them to make substantial investments in Industry 4.0 technology. Latin America stands to achieve an impressive CAGR of 15.3% throughout the forecast adoption of innovation and automation technologies in Latin America's market is accelerating which results in a substantial transition to smart manufacturing. The ongoing technological revolution in this region is producing growth opportunities at an unmatched speed. The easy access to raw materials in Latin America serves as a key factor in promoting smart manufacturing technologies while boosting market growth. Global Smart Manufacturing Market Segmentation and Geographical Insights: Based on Component, the smart manufacturing market size is divided into Hardware, Software, and Services. The software segment has emerged as a leading contributor to the overall revenue, accounting for approximately 49.6% share in 2022. Based on Technology, the smart manufacturing market size is divided into Machine Execution Systems, Programmable Logic Controller, Enterprise Resource Planning, SCADA, Discrete Control Systems, Human Machine Interface, Machine Vision, 3D Printing, Product Lifecycle Management, and Plant Asset Management. The discrete control segment dominated the market share in 2022, accounting for a significant portion at 16.1%. Over the forecast period, this segment is expected to continue its lead as it provides an essential backbone for the overall system. Based on End Use, the smart manufacturing market size is divided into Automotive, Aerospace & Defense, Chemicals & Materials, Healthcare, Industrial Equipment, Electronics, Food & Agriculture, Oil & Gas, and Others. The automotive sector has consistently demonstrated its resilience, garnering over 24% of total revenue share in 2022. According to forecasts, this segment is poised for significant growth, with a projected CAGR of 15.6%. The Smart Manufacturing Market size is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Purchase Premium Copy of Global Smart Manufacturing Market Size and Growth Report (2023-2030) at: Key Players and Competitive Landscape: The Global Smart Manufacturing Market is characterized by the presence of several major players, including: ABB Ltd. Siemens General Electric Rockwell Automation Inc. Schneider Electric Honeywell International Inc. Emerson Electric Co. Fanuc UK Limited These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Smart Manufacturing Market Recent Developments and Innovations: In December 2024: ABB from Switzerland partnered with Engineering Software Steyr GmbH from Austria to advance automotive paint shop automation. The partnership between ABB and Engineering Software Steyr GmbH combines Steyr's paint shop simulation tools with ABB's RobotStudio platform to optimize operations and improve sustainability in automotive manufacturing. In October 2024: The German industrial giant Siemens recently signed an acquisition deal to take control of Altair Engineering Inc. from the United States which specializes in industrial simulation and analysis software. The acquisition will boost Siemens' position in industrial software by improving its AI-driven design and simulation tools and accelerating digital and sustainable transformation efforts. In October 2024: Mitsubishi Electric Corporation from Japan made an investment in Formic Technologies Inc. The startup from the United States provides subscription-based industrial robotics solutions. This partnership seeks to reduce automation costs and increase accessibility so manufacturers can overcome workforce shortages. In September 2024: SAP (Germany) completed the purchase of WalkMe Ltd. (US) to incorporate WalkMeX technology into SAP's Joule copilot for enhanced intelligent workflow assistance based on situational awareness. The acquisition enables SAP to further refine user experience while advancing software adoption and fostering business transformation. In August 2024: Cisco Systems Inc., a U.S. corporation has completed the acquisition of Roboust Intelligence Inc. Cisco Systems (US) solidifies its dedication to responsible AI by adding advanced AI security and governance into its Security Cloud which enhances defenses against emerging AI threats. By accelerating innovation and streamlining operational processes organizations can now deploy AI applications with greater security and confidence. For Region-Specific Market Data, Check Out Brief Sample Pages: Smart Manufacturing Market Report Scope Report Attribute Details Market size value in 2023 USD 297.20 billion Revenue forecast in 2030 USD 787.54 billion Growth rate CAGR of 14.9% from 2023 to 2030 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered By Component, By Technology, By End-Use, By Region Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa Key companies profiled ABB Ltd; Siemens; General Electric; Rockwell Automation, Inc.; Schneider Electric; and, Honeywell International Inc., among others. Frequently Asked Questions (FAQs): 1. What is the forecasted market size of the Smart Manufacturing Market in 2030? The forecasted market size of the Smart Manufacturing Market is USD 787.54 billion in 2030. 2. Who are the leading players in the Smart Manufacturing Market? The key players in the Smart Manufacturing Market include, ABB Ltd; Siemens; General Electric; Rockwell Automation, Inc.; Schneider Electric; and Honeywell International Inc., among others. 3. What are the major drivers for the Smart Manufacturing Market? The expansion of industrial automation is propelled by multiple core elements as Industry 4.0 technologies gain wider acceptance and governments increase support for automation while manufacturing processes increasingly integrate automated systems. 4. Which is the largest region during the forecasted period in the Smart Manufacturing Market? The Asia Pacific Smart Manufacturing Market is expected to dominate the Global Smart Manufacturing Market, as it is expected to represent more than 36.7% of global market revenues. 5. Which is the largest segment, by component, during the forecasted period in the Smart Manufacturing Market? The software segment has emerged as a leading contributor to the overall revenue, accounting for approximately 49.6% share during the forecast period. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: Conclusion: The global smart manufacturing market experiences a deep transformation through the integration of advanced technologies like Industrial Internet of Things (IIoT), artificial intelligence, cloud computing, and advanced data analytics. Real-time decision-making capabilities along with predictive maintenance functions and improved process optimization techniques now serve various industrial sectors through these technological advances. Manufacturers turn to intelligent systems that automate processes and establish machine-to-machine communication while utilizing data analysis because they face increasing demands to improve operational efficiency and ensure supply chain resilience and sustainable practices. The combination of cyber-physical systems with digital twins drives rapid progression towards manufacturing environments that are both agile and responsive. The long-term success of Industry 4.0 smart factories depends on workforce upskilling, strong cybersecurity measures, and scalable digital infrastructure. The global production landscape is experiencing a transformation due to smart manufacturing which boosts productivity while minimizing expenses and stimulating innovation across various established and new industries. The report from The Research Insights, therefore, provides several stakeholders— manufacturers, technology providers, system integrators, regulatory bodies, industry associations, and end-use industries—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 787.54 billion by 2030, the Global Smart Manufacturing Market represents a significant opportunity for startups, venture capital firms, research institutions, digital transformation consultants, and IoT/AI platform developers, can position themselves for success in this dynamic and evolving market landscape. Check out more related studies published by The Research Insights: Artificial Intelligence in Manufacturing Market: The Global Artificial Intelligence in Manufacturing Market is expected to reach at USD 47.88 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 46.5% during the forecast period. Advanced production facility technologies fuel the current trend as advanced analytics, augmented and virtual reality experiences, intelligent packaging solutions and additive manufacturing methods serve as key contributors Manufacturing Automation Market: The Global Manufacturing Automation Market is expected to reach at USD 23.96 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 9.7% during the forecast period. This trajectory is driven by a trifecta of factors including, Industry 4.0's transformative impact, the widespread adoption of next-generation networks (NGNs), and an unwavering focus on optimizing resource utilization and efficiency. U.S. Smart Manufacturing Market - The U.S. smart manufacturing market is poised for significant growth, with an estimated value of USD 62.26 billion in 2023. Projected at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2030, this sector is expected to expand substantially over the next seven years. The primary driver behind this momentum is the widespread adoption of Industry 4.0 technologies. Governments are increasingly providing support for these initiatives, while manufacturers are emphasizing automation in their production processes. Browse More related reports on Technology Industry Market Reports – About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Press Release: Latest News: | | Logo: View original content: SOURCE The Research Insights Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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ADIO, Metal Park to establish Industry 4.0 Competence Centre in Abu Dhabi
29 May 2025 16:13 ABU DHABI (WAM) The Abu Dhabi Investment Office (ADIO), in partnership with Metal Park Investment ME Ltd, announced the establishment of a dedicated Industry 4.0 Competence Centre in Abu advanced technology hub will play a central role in accelerating the digitalisation of the metal manufacturing sector, supporting the emirate's ambition to lead globally in next-generation industrial centre reflects a shared commitment to enabling manufacturers with Industry 4.0 technologies, empowering businesses to thrive in an increasingly digital and data-driven industrial facility spans over five million square feet within Metal Park's purpose-built industrial zone in KEZAD, located approximately eight kilometres from Khalifa centre is exclusively tailored to the needs of the metal manufacturing value chain, offering specialised infrastructure and digital environments to enable rapid prototyping, pilot testing and scale-up for Industry 4.0 a gateway to Abu Dhabi's dynamic industrial ecosystem, the Competence Centre will provide a robust platform for the development, testing and scaling of technologies such as robotics, the Industrial Internet of Things (IIoT), predictive maintenance, digital twins, AI-enhanced production optimisation and autonomous centre will also serve as a centre of excellence for capacity building, equipping the workforce with the skills required to operate in a digitally-enabled industrial initiative aligns with the Abu Dhabi Industrial Strategy (ADIS), and the centre is poised to play a critical role in contributing directly to the strategy's objective of doubling the manufacturing sector's GDP contribution to Dh172 billion by Industry & Trade Officer at ADIO, Mohammad Al Kamali, said, 'Abu Dhabi is entering a new era of economic transformation where innovation, sustainability and advanced technology define our industrial future. This partnership with Metal Park exemplifies how ADIO empowers the private sector to scale globally competitive operations from Abu Dhabi.'Chairman of Metal Park, Saleh Shahrestani, added, 'The Competence Centre will be a cornerstone of technological progress in the regional metal industry. Together with ADIO, we are creating an enabling environment for industrial players of all sizes to develop, validate and implement cutting-edge solutions that augment Abu Dhabi's role as a leading global hub for advanced manufacturing.' Scheduled for completion in Q4 2025, the centre will support Abu Dhabi's transformation into a globally integrated, export-driven economy, offering investors direct access to strategic partnerships, world-class infrastructure and a progressive regulatory environment.
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4 days ago
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Factory Automation Market to Approach USD 370 Billion by 2034, Growing at 6.5% CAGR
Factory Automation (FA) Market Outlook (2025–2034) Luton, Bedfordshire, United Kingdom, May 28, 2025 (GLOBE NEWSWIRE) -- Market Overview The global factory automation (FA) market is projected to grow from USD 200 billion in 2024 to nearly USD 370 billion by 2034, expanding at a CAGR of 6.5% over the forecast period. The market is witnessing accelerated growth due to the widespread integration of Industry 4.0 technologies such as the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), and robotics, which are reshaping modern manufacturing ecosystems. Get a Sample PDF Brochure: Key Market Insights Base Year (2024): USD 200 Billion Forecast Year (2034): USD 370 Billion CAGR (2025–2034): 6.5% Historical Period: 2020–2023 Forecast Period: 2025–2034 Largest Regional Market: Asia-Pacific (45% market share) Market Drivers 1. Adoption of Industry 4.0 The integration of Industry 4.0 principles is one of the most significant drivers of growth in the factory automation market. This industrial revolution is transforming traditional manufacturing into smart, interconnected systems by leveraging technologies such as the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), machine learning, and advanced robotics. These technologies enable real-time monitoring, predictive maintenance, autonomous decision-making, and seamless machine-to-machine communication, significantly improving productivity and process optimization. The rising interest in digital twins and cyber-physical systems is further accelerating the deployment of smart factory solutions across various industries. 2. Operational Efficiency and Productivity Gains Automation plays a critical role in enhancing operational efficiency, reducing production downtime, and improving overall equipment effectiveness (OEE). Automated systems allow for faster production cycles, higher throughput, and greater accuracy, which is vital for manufacturers dealing with tight deadlines and high variability in demand. In an increasingly volatile global supply chain environment, automation enables rapid adjustments, ensuring continuity and resilience in manufacturing operations. 3. Government Incentives and Policy Support Governments across the globe are promoting automation through a range of policy initiatives, financial incentives, and subsidy programs. For example, policies like 'Made in China 2025', 'Make in India', Germany's 'Industrie 4.0', and tax incentives in North America are designed to modernize domestic manufacturing capabilities and encourage investment in advanced technologies. These programs often support R&D, workforce training, and infrastructure development, which helps lower the barriers to automation adoption, particularly among small and medium-sized enterprises (SMEs). 4. Rising Demand for Mass Customization The shift in consumer preferences towards personalized products is fueling the demand for flexible and modular manufacturing systems. Traditional production lines are no longer sufficient to meet the needs of dynamic markets. Instead, manufacturers are investing in automation solutions that allow for rapid reconfiguration, multi-product processing, and on-demand production, thus enabling mass customization at scale. This trend is particularly prominent in industries such as automotive, electronics, and consumer goods, where customer expectations for tailored products are growing rapidly. Market Challenges 1. High Initial Capital Investment One of the primary barriers to the adoption of factory automation is the substantial upfront cost associated with acquiring, installing, and integrating automated systems. This includes not only the hardware (robots, sensors, control systems) but also the software, networking infrastructure, and required retrofitting of existing facilities. These capital requirements are particularly challenging for SMEs, which may lack the financial resources or risk tolerance to make such long-term investments without guaranteed returns. 2. Workforce Skill Gaps The transition to smart manufacturing demands a highly skilled workforce capable of managing complex automation systems, programming industrial robots, analyzing data, and ensuring cybersecurity. However, there is a significant shortage of trained personnel in fields such as automation engineering, mechatronics, and industrial AI. This skills gap slows down the pace of automation adoption and limits the ability of companies to fully exploit the benefits of digital transformation. 3. Regulatory and Compliance Complexities Navigating the evolving landscape of industrial regulations, safety standards, and environmental compliance poses another challenge for manufacturers. Different countries and regions have varying standards regarding machinery safety (e.g., CE marking in Europe, OSHA in the U.S.), data protection, and energy efficiency, which can complicate system design and deployment. Keeping up with these changes requires additional resources, and non-compliance can result in penalties, delays, or recalls. 4. Supply Chain Disruptions The global supply chain vulnerabilities witnessed in recent years, due to events such as the COVID-19 pandemic, geopolitical tensions, and semiconductor shortages, have exposed risks in sourcing critical automation components. These disruptions can delay installation schedules, increase costs, and reduce the availability of key equipment like programmable logic controllers (PLCs), sensors, and motors. Integration timelines for new automation projects are often extended as manufacturers struggle to secure essential parts, which in turn affects production scalability and timelines. Browse full Report - Market Segmentation By Component Component Market Share Key Insight Sensors ~25% Integral for real-time data and predictive maintenance. Actuators ~15% Essential for precision motion in robotics and control systems. Robotics — Backbone of automated production lines and warehousing. Industrial Control Systems — Foundational for automated decision-making and system monitoring. HMIs & Safety Components — Enable operator interaction and maintain operational safety. By Technology Technology Market Share Notable Trends PLCs ~18% Proven reliability and adaptability across industrial environments. SCADA — Centralized control and monitoring of industrial processes. IIoT ~20% Rapid growth driven by smart manufacturing and digital transformation. DCS, MES — Real-time production control and execution optimization. By Application Application Market Share Description Process Automation ~30% Drives consistency and efficiency across batch and continuous operations. Discrete Automation ~20% Supports high-volume, varied product manufacturing, especially in electronics. Others — Includes quality control, logistics, and supply chain automation. By Industry Industry Market Share Key Insights Automotive ~25% Transition to electric and autonomous vehicles accelerates automation use. Food & Beverage ~20% Ensures compliance, safety, and traceability across production lines. Electronics, Pharma, Oil & Gas, Chemicals — Increasingly reliant on automation for precision and productivity. By Deployment Type On-Premises Cloud-Based – growing due to scalability, remote access, and lower upfront costs. By End-User End-User Market Share Insight Small and Medium Enterprises (SMEs) ~30% Increased adoption driven by falling costs and modular automation solutions. Large Enterprises — Major investors in end-to-end digital transformation initiatives. Regional Analysis Asia-Pacific (45% Market Share in 2024) The Asia-Pacific region continues to lead the global factory automation market, accounting for nearly 45% of the total market share in 2024. This dominance is largely attributed to the region's rapid pace of industrialization, coupled with favorable economic and demographic factors. Countries like China, Japan, South Korea, and India are at the forefront of this growth, each contributing significantly through major investments in manufacturing modernization and industrial digitalization. China plays a pivotal role, driven by government-led initiatives such as "Made in China 2025," which encourages widespread adoption of intelligent manufacturing and robotics. Japan and South Korea are global leaders in precision manufacturing and robotics, backed by a strong ecosystem of industrial automation technology providers. Meanwhile, India is emerging as a key player due to initiatives like 'Make in India,' increased FDI in manufacturing, and a growing emphasis on industrial upskilling and smart factories. Additionally, the region benefits from a large labor force, expanding middle-class population, and growing demand for consumer goods, all of which drive the need for automated, efficient, and scalable production systems. Ongoing investments in infrastructure, such as industrial parks and smart cities, further reinforce Asia-Pacific's leading position in the global automation market. North America (25% Market Share in 2024) North America holds a substantial share of the factory automation market, estimated at around 25% in 2024. This region is characterized by early and aggressive adoption of advanced automation technologies, including robotics, Industrial IoT (IIoT), AI-driven analytics, and cloud-based automation platforms. The United States leads the regional market due to its highly developed manufacturing infrastructure, robust research and development ecosystem, and strategic focus on innovation. Automation adoption in North America is driven by labor shortages, rising production costs, and increasing demand for high-quality, customized products. Key sectors utilizing automation include automotive, electronics, pharmaceuticals, and food and beverage industries. The presence of global technology leaders such as Rockwell Automation, Honeywell, and General Electric further stimulates innovation in the region. Additionally, government support for reshoring manufacturing and investments in digital transformation under initiatives like the CHIPS and Science Act contribute to sustained market growth. Europe ( 20% Market Share in 2024) Europe accounts for around 20% of the global factory automation market, supported by its strong tradition of high-quality manufacturing and stringent environmental and safety regulations. The region is known for its early adoption of energy-efficient automation solutions, sustainable manufacturing practices, and highly integrated production environments. Germany, Italy, and France are the leading contributors in Europe. Germany, in particular, is recognized as a global automation hub due to its leadership in engineering and automotive manufacturing, underpinned by initiatives like 'Industrie 4.0.' Italy and France also play crucial roles with their advanced machinery production and growing adoption of robotics in industrial operations. European manufacturers emphasize precision, efficiency, and environmental responsibility. As such, automation solutions in this region often integrate features like predictive maintenance, digital twins, and decarbonization tools. Moreover, collaborative efforts between governments, industry associations, and academic institutions support the development and deployment of cutting-edge automation technologies across the region. Buy Now : Emerging Trends and Opportunities Predictive Maintenance: Widespread adoption driven by IoT-based condition monitoring and machine learning analytics. Digital Twins: Enabling real-time system simulation, testing, and optimization. Sustainable Manufacturing: Automation aiding in energy savings, waste reduction, and regulatory compliance. Flexible Manufacturing Systems (FMS): Rising demand for product personalization driving investments in flexible automation. Expansion into New Verticals: Pharma, renewable energy, and logistics are increasingly adopting automation to meet precision and scalability needs. Competitive Landscape Siemens Rockwell Automation Schneider Electric ABB Mitsubishi Electric Honeywell Emerson Electric Fanuc Corporation KUKA Omron Corporation Bosch Rexroth General Electric Yokogawa Electric Corporation Beckhoff Automation Recent Developments: 1. Siemens: Launch of Enhanced TIA Portal for Integrated Automation In October 2023, Siemens introduced an updated version of its Totally Integrated Automation (TIA) Portal. This advanced software platform is designed to streamline communication between machines, systems, and personnel on production floors. The latest iteration incorporates AI-driven predictive maintenance and improved interoperability, enabling manufacturers to optimize production efficiency and reduce downtime. This development aligns with the industry's shift towards Industry 4.0, offering a competitive edge to early adopters seeking to modernize their facilities. 2. Rockwell Automation and Microsoft: Integration of Generative AI in Automation Design In October 2023, Rockwell Automation and Microsoft expanded their longstanding partnership to accelerate industrial automation design and development through generative artificial intelligence (AI). The collaboration integrates Microsoft's Azure OpenAI Service into Rockwell's FactoryTalk® Design Studio™, enabling engineers to generate code using natural language prompts. This innovation aims to automate routine tasks, improve design efficiency, and expedite time-to-market for customers building industrial automation systems. The partnership addresses challenges such as skilled labor shortages and is poised to set new standards in automation technologies. 3. ABB: Acquisition of Real Tech for Enhanced Water Monitoring Solutions In January 2024, ABB acquired Real Tech, a Canadian company specializing in innovative optical sensor technology for real-time water monitoring and testing. This strategic acquisition enhances ABB's portfolio in smart water management solutions, allowing for more precise and efficient monitoring of water quality. The integration of Real Tech's technology is expected to provide customers with advanced tools for environmental monitoring, reflecting ABB's commitment to sustainability and innovation in industrial automation. 4. Honeywell: Development of Honeywell Forge for Industrial Analytics In June 2023, Honeywell announced the development of Honeywell Forge for Industrial, an advanced analytics software designed to optimize performance across various industrial sectors. This software incorporates AI and machine learning, allowing companies to monitor critical equipment in real time and reduce operational disruptions. The technological advancement aligns with industry trends towards predictive maintenance and enhanced operational efficiency, setting a new benchmark in analytics capabilities. 5. Mitsubishi Electric: Expansion of Manufacturing Facilities in India In December 2023, Mitsubishi Electric India inaugurated a new manufacturing facility for advanced factory automation systems in the Talegaon Industrial area, Maharashtra. The facility, backed by a greenfield investment of ₹220 crore, spans 40,000 square meters and is designed to meet the growing demand for advanced automation and smart manufacturing solutions in India. The plant aims to enhance local manufacturing capabilities, reduce delivery times, and support the 'Make in India' initiative by providing energy-saving equipment and solutions that utilize automation technology. This report is also available in the following languages : Japanese (ファクトリーオートメーション（FA）市場), Korean (공장 자동화(FA) 시장), Chinese (工厂自动化（FA）市场), French (Marché de l'automatisation industrielle (FA)), German (Markt für Fabrikautomatisierung (FA)), and Italian (Mercato dell'automazione di fabbrica (FA)), etc. Get a Sample PDF Brochure: More Research Finding –Ethernet PHY Chips MarketThe Ethernet PHY chips market is projected to be valued at approximately $3.5 billion in 2024, with significant growth anticipated during the forecast period from 2025 to 2034, potentially reaching around $6.8 billion. This indicates a robust Compound Annual Growth Rate (CAGR) of roughly 7% over the next decade, driven by increasing demand for faster, more reliable networking Surface Mount Solid State Relays MarketThe global market for Surface Mount Solid State Relays (SSR) is valued at approximately $1.2 billion, driven by increasing demand in industries such as automotive, telecommunications, and automation. The market is expected to grow significantly, with projections estimating it will reach around $2.3 billion by 2034, reflecting robust adoption across various applications such as lighting controls and HVAC Air Cargo & Freight Logistics MarketThe global air cargo and freight logistics market is valued at approximately $150 billion, driven by increasing e-commerce demands and globalization of supply chains. The market is projected to reach around $250 billion by 2034, reflecting a robust growth trajectory. The Compound Annual Growth Rate (CAGR) for the forecast period from 2025 to 2034 is estimated at 5.3%, spurred by advancements in technology and automation in logistics System on Module SOM MarketThe Global System on Module (SOM) market is valued at approximately $1.75 billion in 2024, with projections indicating a robust growth trajectory, aiming to reach around $4.5 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 9.5% during the forecast period from 2025 to Biped Robot MarketThe global biped robot market is poised for significant growth, currently valued at approximately $6.3 billion in 2024. The market is projected to reach around $15.2 billion by 2034, growing at a robust Compound Annual Growth Rate (CAGR) of about 9.1% from 2025 to 2034. This growth trajectory is driven by advancements in robotics technologies, increasing demand for automation in various sectors, and rising investments in research and OHT for Semiconductor Manufacturing Lines MarketThe global Overhead Transport (OHT) market for semiconductor manufacturing lines is valued at approximately $2.3 billion in 2024. It is expected to reach $4.9 billion by 2034, indicating significant growth driven by the increasing demand for advanced semiconductor technologies and miniaturization in electronic devices. The projected Compound Annual Growth Rate (CAGR) for this period is approximately 8.1%. Parcel Separator MarketThe global parcel separator market is valued at approximately $1.35 billion in 2024 and is projected to reach around $2.6 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period from 2025 to Servo System Controller MarketThe global servo system controller market is projected to reach approximately $8.5 billion in 2024, driven by increasing automation in manufacturing processes and advancements in robotics technology. As industries seek to enhance precision and efficiency, the demand for sophisticated servo controllers is expected to intensify. The market is forecasted to expand significantly, with an estimated value of around $13.2 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 4.8% during the period from 2025 to Magnetic Angle Encoder IC MarketThe global magnetic angle encoder integrated circuit (IC) market is poised for significant growth, with an estimated market value of approximately $1.2 billion in 2024. This market is projected to reach around $2.3 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 7.2% during the forecast period from 2025 to Magnetic Encoder Chip MarketThe global magnetic encoder chip market is valued at approximately $2.1 billion in 2024 and is projected to reach around $3.5 billion by 2034, reflecting a robust growth trajectory. This translates to a Compound Annual Growth Rate (CAGR) of about 5.2% during the forecast period from 2025 to Piezoelectric Actuators MarketThe global piezoelectric actuators market is projected to reach a value of approximately $3.6 billion in 2024, driven by the increasing demand across industries such as automotive, healthcare, and aerospace. The market is expected to grow significantly, with a compounded annual growth rate (CAGR) of around 7.2% during the forecast period from 2025 to 2034, potentially reaching $7.4 billion by 3C Smart Peripheral Products MarketThe global 3C smart peripheral products market is valued at approximately $150 billion in 2024, with projections indicating significant growth, reaching around $250 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of around 5.2% over the forecast period from 2025 to 2034, driven by increased consumer demand for interconnected devices and smart technology Photoelectric Sensors MarketThe global photoelectric sensors market is valued at approximately $3.5 billion in 2024 and is projected to reach around $5.8 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 5.2% during the forecast period from 2025 to Surface Inspection Equipment MarketThe global surface inspection equipment market is valued at approximately $4.5 billion in 2024, with an anticipated growth trajectory leading to a projected market value of around $8.2 billion by 2034. This forecast indicates a Compound Annual Growth Rate (CAGR) of approximately 6.5% from 2025 to Integration Platform as a Service iPaaS Future TrendsThe Global Integration Platform as a Service (iPaaS) market is valued at approximately $8.2 billion, driven by the increasing need for organizational agility and operational efficiency. The market is forecasted to reach around $20.5 billion by 2034, indicating substantial growth Low-Voltage Differential Signaling LVDS Chip Future TrendsThe global Low-Voltage Differential Signaling (LVDS) chip market is valued at approximately $3.1 billion in 2024, with expectations to reach around $5.6 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of approximately 6.4% during the forecast period of PID Temperature Regulators MarketThe global PID temperature regulators market is poised to reach an estimated value of $2.5 billion in 2024, driven by increasing demand across industries such as manufacturing, HVAC, and food processing. The market is projected to grow at a robust Compound Annual Growth Rate (CAGR) of 8.5% from 2025 to 2034, reaching approximately $5 billion by the end of the forecast Software Testing MarketThe global software testing market is poised for significant growth, valued at approximately $50 billion in 2024. Projections indicate that the market will reach about $110 billion by 2034, reflecting the critical importance of quality assurance in increasingly complex software environments. The anticipated Compound Annual Growth Rate (CAGR) for the period from 2025 to 2034 is estimated to be around 8.1%, driven by the ongoing digital transformation across Special Equipment Manufacturing MarketThe global special equipment manufacturing market is projected to reach approximately USD 250 billion in 2024. This sector encompasses a diverse array of industries, including construction, mining, and specialized machinery. The market is expected to exhibit robust growth, reaching an estimated value of USD 425 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 5.3% from 2025 to CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
The Future of Smart Manufacturing Market: Exclusive Market Research Report by GVR Sheds Light on Key Insights & Emerging Trends by 2030
SAN FRANCISCO, May 15, 2025 /PRNewswire/ -- The global smart manufacturing market size is anticipated to reach USD 790.91 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 14.0% from 2025 to 2030. This market is popularly known as industry 4.0 as the advancement and integration of manufacturing with technology and automation processes in manufacturing is driven by the Internet of Things (IoT), machine learning, and real-time data. It is focused on combining innovation and efficiency as production processes grow faster. The industry is intended to adopt smart production methods across various domains. The need to increase productivity and improve the visibility of the entire system are two major factors driving the market growth. The proliferation of the Industrial Internet of Things (IIoT) is expected to create challenges in controlling large amounts of data and accessing data and hence participants can opt for self-study programs and Artificial Intelligence (AI) technologies to avoid challenges. However, with increasing reliance on data, the industry aims to prevent contact with processes from preventing unintended issues. An essential aspect of the industry is the need to integrate various technologies such as intelligent sensors, robots, and cloud computing. Digital development has created the opportunity to use integrated technologies to achieve measurable results. Simulation, 3D printing, and network technology development have made the market a promising investment center for technology developers and users. Request a free sample copy or view report summary: Smart Manufacturing Market Several countries around the world imposed strict closures to prevent the spread of COVID-19, with severe restrictions and safety measures. Leading companies that produce smart devices started using IoT deployment, statistics, and AI-based digital platforms to reduce the need for human interaction. In addition, reduced efficiency in production lines due to social isolation processes is also strengthened with the help of automated solutions, thereby reducing employee involvement in production processes. While established retailers are pushing their technology harder in new fields and operating environments, the barriers to entry are declining rapidly. These trends have led to an increase in competition among retailers, thus, leading to the introduction of fictional business models as advanced products. Buyers are experiencing a paradigm shift and focus on ordering rather than production to sell stock. These circumstances are expected to drive a comprehensive overhaul of production business models. This, in turn, is expected to fuel the market during the forecast period. Smart Manufacturing Market Report Highlights: Industrial 4.0 has been helping to transform the market from acquiring legacy systems to smart components and sophisticated equipment to the development of digital factories, and later, to the ecosystem of plants and connected businesses Based on the technology segment, the 3D Printing type of smart manufacturing is anticipated to grow with the highest CAGR of 17.8% during the forecast period due to the rise in the usage of 3D animation in the production of spare parts The software segment accounted for the largest market share of over 49% in 2024, owing to its essential role in enabling data analytics, process optimization, and integration of various manufacturing systems. The smart manufacturing market in Asia Pacific is expected to grow at the highest CAGR of over 15% in 2024, driven by the increasing adoption of advanced technologies in countries. Read full market research report on Smart Manufacturing Market with TOC - Smart Manufacturing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Technology (Machine Execution Systems, SCADA, Discrete Control Systems), By End-use, By Region, And Segment Forecasts, 2025 - 2030 Smart Manufacturing Market Segmentation Grand View Research has segmented the global smart manufacturing market report based on component, technology, end-use, and region: Smart Manufacturing Market - Component Outlook (Revenue, USD Million, 2018 - 2030) Hardware Software Services Smart Manufacturing Market - 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 Smart Manufacturing Market - End Use Outlook (Revenue, USD Million, 2018 - 2030) Automotive Aerospace & Defense Chemicals & Materials Healthcare Industrial Equipment Electronics Food & Agriculture Oil & Gas Others Smart Manufacturing Market - Regional Outlook (Revenue, USD Million, 2018 - 2030) North America Europe Asia Pacific Latin America Middle East & Africa List of Key Players in the Smart Manufacturing Market ABB Ltd. Cisco Systems, Inc. Siemens AG General Electric Rockwell Automation Inc. Schneider Electric Honeywell International Inc. Emerson Electric Co. FANUC Corporation Mitsubishi Electric Corporation Check out more related studies published by Grand View Research: Industrial Internet Of Things Market - The global industrial internet of things market size is estimated to reach USD 1,693.44 billion by 2030, registering a CAGR of 23.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market growth is being driven by a significant focus on predictive maintenance, automation, and efficient supply chain management across various industrial sectors, particularly manufacturing. Machine Learning Market - The global machine learning market size is anticipated to reach USD 419.94 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 34.8% from 2023 to 2030. The market is experiencing continuous growth, driven by the increasing demand for AI-driven solutions across industries. Internet of Things (IoT) Market - The global internet of things (IoT) market size is expected to reach USD 2.65 billion by 2030, registering a CAGR of 11.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The emergence of start-ups in different industries to satisfy growing need of consumers is anticipated to result in increasing venture capital investments. Artificial Intelligence Market - The global artificial intelligence market size is expected to reach USD 1,811.75 billion in 2030 and is projected to grow at a CAGR of 35.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Artificial Intelligence (AI) denotes the concept and development of computing systems capable of performing tasks customarily requiring human assistance, such as decision-making, speech recognition, visual perception, and language translation. Browse Horizon Databook on Smart Manufacturing Market – Global Smart Manufacturing Market Size & Outlook About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research. Gain insights from 30K+ Global & Regional Reports, 120K+ Country Reports, 1.2M+ Market Statistics, 200K+ Company Profiles, and 5 business solutions encompassing ESG and Sustainability Consulting, Procurement Intelligence, Pricing Index and Analysis, and Consumer Analytics. Contact: Sherry JamesCorporate Sales Specialist, USAGrand View Research, 1-415-349-0058Toll Free: 1-888-202-9519Email: sales@ Us: LinkedIn | TwitterBlog - Logo: View original content: SOURCE Grand View Research, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Preparing Oak Ridge students for a future of AI, advanced manufacturing is topic of talk
Mark Buckner, leader of innovative education in science, technology, engineering and mathematics (STEM) and workforce development, as well as the visionary founder and lead instructor of Wildcat Manufacturing at Oak Ridge High School, will speak to Friends of Oak Ridge National Laboratory at noon Tuesday, May 13, at the UT Resource Center, 1201 Oak Ridge Turnpike. 'Empowering the Next Generation of Innovators: How Oak Ridge's Educational Ecosystem Is Preparing Students for Manhattan Project 2.0 and Beyond' is the title of his talk. Manhattan Project 2.0 refers to the U.S. Department of Energy's active promotion once again of nuclear energy development in Oak Ridge. The goal is to fuel advancements in artificial intelligence by training AI models at power-hungry data centers that will likely need reliable electricity from future advanced nuclear power plants. Before the free presentation starts, sandwiches, chips, cookies and drinks will be available at 11:15 a.m. at the UT Resource Center for a donation of $10 on a first-come, first-served basis. To view the virtual presentation, click on the talk title on the website homepage and then click on the Zoom link near the top of the page describing the lecture. You can view it the next day by clicking on 'Past Talks' on the website's navigation bar. In summarizing his talk, Buckner said, 'Oak Ridge is no stranger to world-changing innovation – from the Manhattan Project to today's cutting-edge research. I will showcase Oak Ridge High School's ground-breaking iSchool and Wildcat Manufacturing programs. 'These initiatives immerse students in industry-aligned, hands-on learning using AI, robotics and digital manufacturing techniques. In this approach, a new generation of innovators are being prepared to tackle what national leaders call Manhattan Project 2.0 – the race for leadership in AI and advanced manufacturing. 'Attendees will learn how Oak Ridge Schools' partnerships with ORNL, Oak Ridge Y-12 National Security Complex, University of Tennessee at Knoxville, Roane State Community College and others are enabling real-world projects and workforce development, as well as how this model is helping meet critical national STEM workforce needs. 'I will connect my experiences as an ORNL researcher to this education revolution, inspiring the Friends of ORNL audience with deep insights into experiential learning, digital twin simulations and agile innovation in the classroom.' During his 32-year career at ORNL, Buckner served as a senior research scientist and leader of the lab's power and energy systems group. He pioneered work in signal processing, machine learning and computational intelligence. He was named one of the 'Smart Industry 50' top digital innovators for his efforts to apply Industrial Internet of Things, big data and AI to real-world challenges. Today, he serves as the founder and lead instructor of Wildcat Manufacturing at Oak Ridge High School, an award-winning program where students engage in advanced robotics, digital manufacturing and agile innovation practices. He is well known in the Oak Ridge community as a mentor for FIRST Robotics and a champion of experiential learning, often implementing Scrum and agile methods in the classroom to mirror high-tech industry teamwork. In 2024, Buckner delivered a keynote talk at the Digital Twin Consortium, sharing his approach to revolutionizing education and workforce development through industry-aligned, hands-on learning. He sees his career as a unique bridge between cutting-edge research and secondary education. As a Ph.D. engineer-turned-educator, he calls himself 'passionately dedicated to helping to cultivate the next generation of innovators and maintain Oak Ridge's legacy of national leadership in science and technology.' This article originally appeared on Oakridger: FORNL: Preparing students for a future of AI, advanced manufacturing
