Latest Market Research Report 2025

  Smart Manufacturing Market - Technology Insights  The global smart manufacturing market was valued at  USD 254.24 billion in 2022  and is anticipated to experience substantial growth, with a projected compound annual growth rate (CAGR) of  14.9% from 2023 to 2030 . This robust expansion can be attributed to several key factors driving the industry forward. One major catalyst is the rising adoption of  Industry 4.0 , which emphasizes the integration of digital technologies into manufacturing processes, thereby enhancing efficiency and productivity. Furthermore, there is increasing  government engagement  aimed at supporting industrial automation initiatives, which fosters a conducive environment for innovation and investment. The growing emphasis on  industrial automation  within manufacturing processes underscores the necessity for companies to modernize and optimize their operations. As businesses seek to streamline their workflows, t...

The global smart manufacturing market was valued at approximately USD 254.24 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 14.9% from 2023 to 2030. This growth is driven by several key factors, including the rising adoption of Industry 4.0, increased government support for industrial automation, and a greater emphasis on incorporating automation into manufacturing processes. Additionally, there is a growing demand for software systems that enhance efficiency by saving time and costs, as well as increasing complexities within supply chains and a heightened focus on regulatory compliance. The COVID-19 pandemic significantly impacted the industrial automation sector, leading to the shutdown of various industries and related activities. During the initial global lockdowns, the disruption in global supply chains and operational logistics was acute. As the pandemic unfolded, the market shifted its focus toward the manufacturing of essential products, whi...