Smart Manufacturing Market – Global Forecast to 2029
스마트 매뉴팩처링 시장 – 엣지 컴퓨팅, 산업용 3D 프린팅, 로봇, 센서, 머신 비전, 인공 지능, 사이버 보안, 디지털 트윈, 개인 5G, AGV, AMR, AR & VR, CAD, CAM, PLM, HMI, IPC, MES, WMS, ERP – 2029년까지의 세계 예측
Smart Manufacturing Market – Edge Computing, Industrial 3D Printing, Robots, Sensor, Machine Vision, Artificial intelligence, Cybersecurity, Digital Twin, Private 5G, AGV, AMR, AR & VR, CAD, CAM, PLM, HMI, IPC, MES, WMS, and ERP – Global Forecast to 2029
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년1월 |
| 페이지 수 | 391 |
| 도표 수 | 381 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
Report Overview
The global smart manufacturing market was valued at USD 233.33 billion in 2024 and is projected to reach USD 479.17 billion by 2029; it is expected to register a CAGR of 15.5% during the forecast period. Increasing government expenditure on 3D printing technologies is driving the growth of the smart manufacturing market. Whereas high initial capital investment is restraining the growth of the smart manufacturing market.
세계의 스마트 제조 시장은 2024년 2,333억 3천만 달러로 평가되었으며, 2029년에는 4,791억 7천만 달러에 이를 것으로 예상됩니다. 예측 기간 동안 15.5%의 CAGR을 기록할 것으로 예상됩니다. 3D 프린팅 기술에 대한 정부 지출 증가가 스마트 제조 시장의 성장을 주도하고 있습니다. 높은 초기 자본 투자로 인해 스마트 제조 시장의 성장이 제한되고 있습니다.
“Industrial Robotics segment is expected to grow at the second highest CAGR during the forecast period.”
The industrial robotics segment is expected to exhibit the second highest CAGR during the forecast period. The development of industrial robotics has taken off remarkably due to the notable improvements in productivity, quality, cost, safety and others that have been observed. The introduction of robots to perform simple and repetitive functions allows for a 24 hour service with minimal chances of human errors. Development of technology such as artificial intelligence (AI) and collaborative robots has also stimulated the use of robotics in areas such as manufacturing, warehousing, logistics and so on.
“Oil & Gas segment is likely to hold the second largest market in 2024.”
Oil & Gas segment to is expected to hold the second largest share in smart manufacturing market in 2024. The chief reason the oil and gas industry takes the lead in the smart manufacturing market is primarily due to challenges and necessities, this sector specifically needs. Due to the specific emphasis on safety, efficiency, remote locations, data-driven decisions, and strict regulations followed in this sector has lead it to hold the second largest market share. Predictive maintenance, automation, and robots are some of the critical smart technologies that help the industry lower costs, improve safety, and increase efficiency.
“The North America segment is likely to grow at the second highest CAGR during the forecast period.”
The market in North America is expected to gow the second highest CAGR during the forecast period. The good business ecosystem in the US – with reformative initiatives in tax codes, significant package announcements for manufacturing and infrastructure companies, and availability of major technology providers – augur well for smart manufacturing technology adoption in the region.. In addition, the intense focus on optimum asset utilization, the enforcement of stringent government regulations for workplace and personal safety, and the high awareness of the need to control and assure output quality in oil & gas, chemicals, and food & beverages industries drive the demand for machine condition monitoring systems and plant asset management (PAM) solutions in the region.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type – Tier 1 – 40%, Tier 2 – 35%, Tier 3 – 25%
- By Designation— C-level Executives – 45%, Directors – 35%, Others – 20%
- By Region—North America – 30%, Europe – 25%, Asia Pacific – 40%, RoW – 5%
The smart manufacturing market is dominated by a few globally established players such as 3D System, Inc. (US), ABB (Switzerland), Cisco System, Inc. (US), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), IBM (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany), Oracle (US), SAP (Germany), Stratasys (US), Yokogawa Electric Corporation(Japan). The study includes an in-depth competitive analysis of these key players in the smart manufacturing market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the smart manufacturing market and forecasts its size by technology, industry, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the smart manufacturing ecosystem.
Key Benefits to Buy the Report:
- Analysis of key drivers (emphasis on boosting manufacturing efficiency through automated production, rising government expenditure on 3D printing technologies and rising demand for innovative technologies to minimize manufacturing downtime and production waste). Restraint (Requirement of high initial capital; investment and lack of standardization of industrial services), Opportunity (Accelerated developments in IIoT and cloud computing, growing investment in infrastructure development), Challenges (Security issues in smart manufacturing and complexities in integration of new technology equipment with existing ones).
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the smart manufacturing market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the smart manufacturing market across varied regions
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the smart manufacturing market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players 3D System, Inc. (US), ABB (Switzerland), Cisco System, Inc. (US), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), IBM (US), Mitsubishi Electric Corporation (Japan) among others in the smart manufacturing market.
Table of Contents
1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 34
1.3 STUDY SCOPE 35
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 35
1.3.2 INCLUSIONS AND EXCLUSIONS 36
1.3.3 YEARS CONSIDERED 36
1.4 CURRENCY CONSIDERED 37
1.5 UNITS CONSIDERED 37
1.6 LIMITATIONS 37
1.7 STAKEHOLDERS 37
1.8 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 39
2.1 INTRODUCTION 39
2.1.1 SECONDARY AND PRIMARY RESEARCH 40
2.1.2 SECONDARY DATA 41
2.1.2.1 List of key secondary sources 41
2.1.2.2 Key data from secondary sources 41
2.1.3 PRIMARY DATA 42
2.1.3.1 List of primary interview participants 42
2.1.3.2 Breakdown of primaries 42
2.1.3.3 Key industry insights 43
2.1.3.4 Key data from primary sources 43
2.2 MARKET SIZE ESTIMATION METHODOLOGY 44
2.2.1 BOTTOM-UP APPROACH 44
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side) 44
2.2.2 TOP-DOWN APPROACH 46
2.2.2.1 Approach to arrive at market size using top-down analysis (supply side) 46
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 48
2.4 RESEARCH ASSUMPTIONS 49
2.5 RESEARCH LIMITATIONS 49
2.6 RISK ANALYSIS 50
3 EXECUTIVE SUMMARY 51
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMART MANUFACTURING MARKET 54
4.2 SMART MANUFACTURING MARKET, BY TECHNOLOGY 55
4.3 SMART MANUFACTURING MARKET, BY INDUSTRY 56
4.4 SMART MANUFACTURING MARKET, BY COUNTRY 57
4.5 SMART MANUFACTURING MARKET, BY REGION 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
5.2.1 DRIVERS 59
5.2.1.1 Increasing reliance on automation technologies to improve manufacturing efficiency 59
5.2.1.2 Rising government investment in 3D printing technologies 59
5.2.1.3 Increasing need to maintain regulatory compliance of industrial solutions 60
5.2.1.4 Growing emphasis on minimizing manufacturing downtime and production waste 60
5.2.2 RESTRAINTS 61
5.2.2.1 High initial capital investments 61
5.2.2.2 Lack of standardization of industrial equipment 62
5.2.3 OPPORTUNITIES 63
5.2.3.1 Rapid advances in IIoT and cloud computing technologies 63
5.2.3.2 Increasing adoption of automation technologies in industrial sector 63
5.2.3.3 Growing investment in infrastructure development projects in emerging economies 64
5.2.4 CHALLENGES 65
5.2.4.1 Security issues 65
5.2.4.2 Complexities associated with meeting modern communication standards 66
5.3 VALUE CHAIN ANALYSIS 67
5.4 ECOSYSTEM ANALYSIS 69
5.5 PRICING ANALYSIS 71
5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY ROBOT TYPE 71
5.5.2 AVERAGE SELLING PRICE TREND, BY INDUSTRIAL SENSOR 73
5.5.3 AVERAGE SELLING PRICE TREND, BY ROBOT TYPE 73
5.5.4 AVERAGE SELLING PRICE TREND, BY REGION 76
5.6 INVESTMENT AND FUNDING SCENARIO 77
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 77
5.8 TECHNOLOGY ANALYSIS 78
5.8.1 KEY TECHNOLOGIES 78
5.8.1.1 Digital twin 78
5.8.1.2 Blockchain 78
5.8.1.3 Augmented reality (AR) & virtual reality (VR) 79
5.8.1.4 Predictive maintenance 79
5.8.1.5 IoT 79
5.8.2 COMPLIMENTARY TECHNOLOGIES 80
5.8.2.1 Smart energy management 80
5.8.2.2 Cybersecurity 80
5.8.3 ADJACENT TECHNOLOGIES 80
5.8.3.1 Edge computing 80
5.9 PATENT ANALYSIS 81
5.10 TRADE ANALYSIS 87
5.10.1 IMPORT SCENARIO (HS CODE 847950) 87
5.10.2 EXPORT SCENARIO (HS CODE 847950) 88
5.11 KEY CONFERENCES AND EVENTS, 2025–2026 89
5.12 CASE STUDY ANALYSIS 91
5.12.1 HTC CORPORATION SUPPORTS FLAIM TRAINER VR SIMULATION TO REDUCE COSTS OF TRAINING FIREFIGHTERS 91
5.12.2 CO2METER ENABLES LONG-RANGE DATA COLLECTION AND LEAK DETECTION OF CO2 WITH ISENSE ALARM (CM-0052) 91
5.12.3 SKF DEPLOYS ONLINE CONDITION MONITORING SYSTEM TO PREVENT CATASTROPHIC BEARING FAILURE 92
5.12.4 ELMWOOD RECLAIMED TIMBER USES SIEMENS’ OPCENTER ADVANCED SCHEDULING SOLUTION TO SYNCHRONIZE MANUFACTURING AND ENHANCE DELIVERY 92
5.12.5 DHL LEVERAGES MANHATTAN ACTIVE WAREHOUSE MANAGEMENT SOLUTION TO ENABLE SCALABLE AND AGILE WAREHOUSE MANAGEMENT 93
5.13 REGULATORY LANDSCAPE 93
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
5.13.2 STANDARDS 96
5.14 PORTER’S FIVE FORCE ANALYSIS 99
5.14.1 THREAT OF NEW ENTRANTS 101
5.14.2 THREAT OF SUBSTITUTES 101
5.14.3 BARGAINING POWER OF SUPPLIERS 101
5.14.4 BARGAINING POWER OF BUYERS 101
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 101
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 102
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 102
5.15.2 BUYING CRITERIA 103
5.16 IMPACT OF GEN AI/AI ON SMART MANUFACTURING MARKET 104
5.16.1 INTRODUCTION 104
5.16.2 GEN AI/AI-SPECIFIC USE CASES 104
6 SMART MANUFACTURING MARKET, BY TECHNOLOGY 106
6.1 INTRODUCTION 107
6.2 AUTOMATION & CONTROL SYSTEMS 109
6.2.1 HUMAN–MACHINE INTERFACE 110
6.2.1.1 Hardware 112
6.2.1.1.1 Basic HMI 112
6.2.1.1.1.1 Increasing use in small-scale machinery and home automation systems to foster segmental growth 112
6.2.1.1.2 Advanced panel-based HMI 113
6.2.1.1.2.1 Shifting preference toward advanced user interface with mobile functionalities to drive market 113
6.2.1.1.3 Advanced PC-based HMI 113
6.2.1.1.3.1 Growing adoption of high-performance devices for data-intensive and complex visualization tasks to fuel segmental growth 113
6.2.1.1.4 Other hardware types 114
6.2.1.2 Software 114
6.2.1.2.1 On-premises 115
6.2.1.2.1.1 Rising focus on enhancing data security and control to accelerate segmental growth 115
6.2.1.2.2 Cloud-based 116
6.2.1.2.2.1 Increasing reliance on software with multi-location access support to boost segmental growth 116
6.2.2 INDUSTRIAL PC 118
6.2.2.1 Panel IPC 119
6.2.2.1.1 Ability to withstand rugged industrial environments to foster segmental growth 119
6.2.2.2 Rack-mount IPC 119
6.2.2.2.1 Adoption in space-constrained applications to contribute to segmental growth 119
6.2.2.3 Embedded IPC 120
6.2.2.3.1 High emphasis on effective management of manufacturing plants to augment segmental growth 120
6.2.2.4 DIN rail IPC 120
6.2.2.4.1 Rise in demand for interconnected factories and enterprise networks to expedite segmental growth 120
6.3 ASSET & MAINTENANCE MANAGEMENT 122
6.3.1 PLANT ASSET MANAGEMENT 124
6.3.1.1 Increasing need for periodic monitoring and predictive analytics of plants to boost segmental growth 124
6.3.1.2 Production assets 124
6.3.1.3 Automation assets 125
6.3.2 MACHINE CONDITION MONITORING 127
6.3.2.1 Rising emphasis on increasing operational life of machinery to fuel segmental growth 127
6.3.2.2 Vibration monitoring 127
6.3.2.3 Thermography 128
6.3.2.4 Oil analysis 129
6.3.2.5 Ultrasound emission monitoring 129
6.3.2.6 Corrosion monitoring 130
6.3.2.7 Motor current analysis 131
6.3.3 COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEMS 133
6.3.3.1 Growing automation of routine maintenance tasks to contribute to segmental growth 133
6.3.4 ASSET PERFORMANCE MANAGEMENT 135
6.3.4.1 Increasing need for proactive maintenance and plant condition monitoring to augment segmental growth 135
6.3.4.2 Solutions 135
6.3.4.2.1 Asset strategy management 136
6.3.4.2.2 Asset reliability management 136
6.3.4.2.3 Predictive asset management 137
6.3.4.2.4 Other solutions 138
6.3.4.3 Services 138
6.3.4.3.1 Professional 138
6.3.4.3.2 Managed 139
6.4 MANUFACTURING OPERATION SYSTEMS 141
6.4.1 MANUFACTURING EXECUTION SYSTEMS 143
6.4.1.1 Increasing use to improve business processes and profitability to foster segmental growth 143
6.4.1.2 Software 143
6.4.1.3 Services 144
6.4.1.3.1 Implementation 144
6.4.1.3.2 Software upgrade 144
6.4.1.3.3 Training 144
6.4.1.3.4 Maintenance 144
6.4.2 WAREHOUSE MANAGEMENT SYSTEMS 146
6.4.2.1 Rising adoption to handle physical inventories and cycle counting to bolster segmental growth 146
6.4.2.2 Software 146
6.4.2.3 Services 147
6.4.3 MANUFACTURING OPERATION MANAGEMENT 149
6.4.3.1 Growing emphasis on achieving operational excellence through oversight to augment segmental growth 149
6.4.4 ENTERPRISE RESOURCE PLANNING 151
6.4.4.1 Increasing use to automate workflow and inventory management to expedite segmental growth 151
6.4.5 QUALITY MANAGEMENT SYSTEMS 154
6.4.5.1 Growing emphasis on meeting customer and regulatory standards to accelerate segmental growth 154
6.5 INDUSTRIAL NETWORKING & CONNECTIVITY 156
6.5.1 PRIVATE 5G 158
6.5.1.1 Growing demand for seamless wireless communication to contribute to segmental growth 158
6.5.1.2 Hardware 158
6.5.1.3 Software 158
6.5.1.4 Services 158
6.5.2 EDGE COMPUTING 160
6.5.2.1 Rising number of smartphone users to augment segmental growth 160
6.5.2.2 Hardware 160
6.5.2.3 Software 161
6.5.3 CLOUD COMPUTING 163
6.5.3.1 Increasing need to satisfy customer expectations of secure services to foster segmental growth 163
6.5.3.2 IaaS 163
6.5.3.3 PaaS 163
6.5.3.4 SaaS 164
6.5.4 INDUSTRIAL COMMUNICATION 166
6.5.4.1 Growing need for reliable and secure networks to improve operational efficiency to fuel segmental growth 166
6.5.4.2 Components 167
6.5.4.3 Software 167
6.5.4.4 Services 167
6.6 INDUSTRIAL ROBOTICS 169
6.6.1 INDUSTRIAL 3D PRINTING 171
6.6.1.1 Increasing focus on creating well-designed, lightweight, and less expensive components to expedite segmental growth 171
6.6.1.2 Printers 171
6.6.1.3 Materials 172
6.6.1.4 Software 172
6.6.1.5 Services 172
6.6.2 INDUSTRIAL ROBOTS 174
6.6.2.1 Traditional robots 175
6.6.2.1.1 Increasing adoption in high-volume production to fuel segmental growth 175
6.6.2.2 Collaborative robots 177
6.6.2.2.1 Ease of use and low-cost deployment to drive market 177
6.6.3 AUTOMATED GUIDED VEHICLES 180
6.6.3.1 Ease of operation and low operational costs to augment
segmental growth 180
6.6.3.2 Tow vehicles 180
6.6.3.3 Unit load carriers 181
6.6.3.4 Pallet trucks 181
6.6.3.5 Assembly line vehicles 182
6.6.3.6 Forklift trucks 182
6.6.3.7 Other automated guided vehicles 183
6.6.4 AUTOMATED MOBILE ROBOTS 185
6.6.4.1 Rapid advances in battery technology to contribute to segmental growth 185
6.6.4.2 Hardware 185
6.6.4.3 Software & services 185
6.7 SENSORS & VISION SYSTEMS 187
6.7.1 INDUSTRIAL SENSORS 189
6.7.1.1 Contact sensors 189
6.7.1.1.1 Low costs and high accuracy to bolster segmental growth 189
6.7.1.2 Non-contact sensors 190
6.7.1.2.1 Adoption to detect thermal radiation to contribute to segmental growth 190
6.7.2 INDUSTRIAL MACHINE VISION 192
6.7.2.1 Hardware 193
6.7.2.1.1 Easy configuration and maintenance to accelerate segmental growth 193
6.7.2.1.2 Cameras 193
6.7.2.1.3 Frame grabbers 193
6.7.2.1.4 Optics 193
6.7.2.1.5 LED lighting 193
6.7.2.1.6 Processors 194
6.7.2.2 Software 194
6.7.2.2.1 Adoption of smart cameras to maximize productivity of vision systems to foster segmental growth 194
6.7.2.2.2 Traditional 194
6.7.2.2.3 Deep learning 194
6.8 DIGITAL TRANSFORMATION SYSTEMS 196
6.8.1 AI IN MANUFACTURING 198
6.8.1.1 Hardware 199
6.8.1.1.1 Increasing need for high-computing processors to run AI algorithms to fuel segmental growth 199
6.8.1.1.2 Processors 199
6.8.1.1.3 Memory devices 200
6.8.1.1.4 Network devices 200
6.8.1.2 Software 201
6.8.1.2.1 Rising emphasis on predictive maintenance and manufacturing quality control to boost segmental growth 201
6.8.1.2.2 AI platforms 201
6.8.1.2.3 AI solutions 202
6.8.1.3 Services 202
6.8.1.3.1 Increasing deployment of advanced technologies in industrial sectors to expedite segmental growth 202
6.8.1.3.2 Deployment & integration 202
6.8.1.3.3 Support & maintenance 202
6.8.2 INDUSTRIAL CYBERSECURITY 204
6.8.2.1 Growing adoption of connected devices and IT systems to boost segmental growth 204
6.8.2.2 Gateways 204
6.8.2.3 Networking devices 205
6.8.2.3.1 Routers 205
6.8.2.3.2 Industrial ethernet switches 205
6.8.2.4 Solutions & services 206
6.8.3 DIGITAL TWIN 207
6.8.3.1 Increasing deployment to provide valuable insights and drive operational improvements to fuel segmental growth 207
6.8.4 AR & VR IN MANUFACTURING 209
6.8.4.1 Rising integration of digital information and virtual objects with real-world environments to foster segmental growth 209
6.8.4.2 Hardware 209
6.8.4.3 Software 210
6.9 DESIGN & PLANNING SYSTEMS 212
6.9.1 COMPUTER-AIDED DESIGN 213
6.9.1.1 Growing focus on precise and efficient methods for creating detailed designs to expedite segmental growth 213
6.9.2 COMPUTER-AIDED MANUFACTURING 216
6.9.2.1 Rising emphasis on automating and streamlining manufacturing processes to accelerate segmental growth 216
6.9.3 PRODUCT LIFECYCLE MANAGEMENT 218
6.9.3.1 Increasing need to eliminate data silos and reduce inconsistencies in product development processes to drive market 218
7 SMART MANUFACTURING MARKET, BY INDUSTRY 221
7.1 INTRODUCTION 222
7.1.1 OIL & GAS 224
7.1.1.1 Rising integration of advanced automation systems to enhance operational efficiency to boost segmental growth 224
7.1.2 FOOD & BEVERAGES 225
7.1.2.1 Increasing focus on complying with safety standards to contribute to segmental growth 225
7.1.3 PHARMACEUTICALS 226
7.1.3.1 Rapid digitalization of manufacturing plants to enhance operational efficiency to fuel segmental growth 226
7.1.4 CHEMICALS 226
7.1.4.1 Increasing reliance on automated solutions to maintain ideal inventory levels to contribute to segmental growth 226
7.1.5 ENERGY & POWER 227
7.1.5.1 Rapid industrialization and infrastructure development to augment segmental growth 227
7.1.6 METALS & MINING 227
7.1.6.1 Rising implementation of stringent rules to ensure safety using advanced technologies to fuel segmental growth 227
7.1.7 PULP & PAPER 228
7.1.7.1 Burgeoning demand for wood-based products to contribute to segmental growth 228
7.1.8 AUTOMOTIVE 229
7.1.8.1 Rising emphasis on increasing production speed and efficiency to accelerate segmental growth 229
7.1.9 AEROSPACE 229
7.1.9.1 Increasing adoption of critical machine condition monitoring techniques to fuel segmental growth 229
7.1.10 SEMICONDUCTOR & ELECTRONICS 230
7.1.10.1 Growing focus on reducing waste, inventory, and supply chain costs to boost segmental growth 230
7.1.11 MEDICAL DEVICES 231
7.1.11.1 Rising aging population and health risks to expedite segmental growth 231
7.1.12 HEAVY MACHINERY 231
7.1.12.1 Increasing reliance on AI technology to reduce
downtime to accelerate segmental growth. 231
7.1.13 OTHER INDUSTRIES 232
8 SMART MANUFACTURING MARKET, BY REGION 234
8.1 INTRODUCTION 235
8.2 NORTH AMERICA 237
8.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 237
8.2.2 US 241
8.2.2.1 Rising need to boost operational efficiency and optimize resource utilization to foster market growth 241
8.2.3 CANADA 241
8.2.3.1 Increasing investment to improve automotive manufacturing to accelerate market growth 241
8.2.4 MEXICO 243
8.2.4.1 Escalating adoption of IoT, AI, and other automation technologies to contribute to market growth 243
8.3 EUROPE 243
8.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 243
8.3.2 UK 247
8.3.2.1 Increasing adoption of digital technologies to transform business operations to accelerate market growth 247
8.3.3 GERMANY 247
8.3.3.1 Rising implementation of cloud-based solutions in manufacturing facilities to drive market 247
8.3.4 FRANCE 248
8.3.4.1 Increasing allocation of funds to promote digital revolution to contribute to market growth 248
8.3.5 REST OF EUROPE 248
8.4 ASIA PACIFIC 249
8.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 250
8.4.2 CHINA 254
8.4.2.1 Rising government focus on R&D of IoT-based solutions to fuel market growth 254
8.4.3 JAPAN 255
8.4.3.1 Increasing trend of industrial automation to expedite market growth 255
8.4.4 INDIA 255
8.4.4.1 Rising deployment of industrial automation technologies to augment market growth 255
8.4.5 REST OF ASIA PACIFIC 256
8.5 ROW 257
8.5.1 MACROECONOMIC OUTLOOK FOR ROW 257
8.5.2 SOUTH AMERICA 260
8.5.2.1 Brazil 260
8.5.2.1.1 Rising emphasis on modernizing industrial sector to boost market growth 260
8.5.2.2 Rest of South America 261
8.5.3 MIDDLE EAST & AFRICA 262
8.5.3.1 Rapid digitalization and technology integration to foster market growth 262
8.5.3.2 GCC 263
8.5.3.3 Africa & Rest of Middle East 263
9 COMPETITIVE LANDSCAPE 264
9.1 OVERVIEW 264
9.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023–2025 264
9.3 MARKET SHARE ANALYSIS OF INDUSTRIAL ROBOTS, 2023 267
9.4 REVENUE ANALYSIS, 2019–2023 270
9.5 MARKET SHARE ANALYSIS OF INDUSTRIAL SENSORS, 2023 271
9.6 COMPANY VALUATION AND FINANCIAL METRICS 272
9.7 BRAND/PRODUCT COMPARISON 273
9.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 274
9.8.1 STARS 274
9.8.2 EMERGING LEADERS 274
9.8.3 PERVASIVE PLAYERS 274
9.8.4 PARTICIPANTS 275
9.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 276
9.8.5.1 Company footprint 276
9.8.5.2 Payload footprint 277
9.8.5.3 Robot type footprint 278
9.8.5.4 End-use industry footprint 279
9.8.5.5 Region footprint 280
9.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 281
9.9.1 PROGRESSIVE COMPANIES 281
9.9.2 RESPONSIVE COMPANIES 281
9.9.3 DYNAMIC COMPANIES 281
9.9.4 STARTING BLOCKS 281
9.9.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 283
9.9.5.1 Detailed list of key startups/SMEs 283
9.9.5.2 Competitive benchmarking of key startups/SMEs 284
9.10 COMPETITIVE SCENARIO 286
9.10.1 PRODUCT LAUNCHES/DEVELOPMENTS 286
9.10.2 DEALS 288
9.10.3 EXPANSIONS 293
9.10.4 OTHER 294
10 COMPANY PROFILES 296
10.1 KEY PLAYERS 296
10.1.1 ABB 296
10.1.1.1 Business overview 296
10.1.1.2 Products/Solutions/Services offered 297
10.1.1.3 Recent developments 298
10.1.1.3.1 Product launches/developments 298
10.1.1.3.2 Deals 300
10.1.1.3.3 Expansions 302
10.1.1.4 MnM view 302
10.1.1.4.1 Key strengths/Right to win 302
10.1.1.4.2 Strategic choices 302
10.1.1.4.3 Weaknesses/Competitive threats 302
10.1.2 EMERSON ELECTRIC CO. 303
10.1.2.1 Business overview 303
10.1.2.2 Products/Solutions/Services offered 304
10.1.2.3 Recent developments 305
10.1.2.3.1 Product launches/developments 305
10.1.2.3.2 Deals 306
10.1.2.4 MnM view 307
10.1.2.4.1 Key strengths/Right to win 307
10.1.2.4.2 Strategic choices 307
10.1.2.4.3 Weaknesses/Competitive threats 307
10.1.3 GENERAL ELECTRIC COMPANY 308
10.1.3.1 Business overview 308
10.1.3.2 Products/Solutions/Services offered 309
10.1.3.3 Recent developments 310
10.1.3.3.1 Product launches/developments 310
10.1.3.3.2 Deals 311
10.1.3.4 MnM view 311
10.1.3.4.1 Key strengths/Right to win 311
10.1.3.4.2 Strategic choices 311
10.1.3.4.3 Weaknesses/Competitive threats 311
10.1.4 HONEYWELL INTERNATIONAL INC. 312
10.1.4.1 Business overview 312
10.1.4.2 Products/Solutions/Services offered 313
10.1.4.3 Recent developments 314
10.1.4.3.1 Product launches/developments 314
10.1.4.3.2 Deals 315
10.1.4.3.3 Others 315
10.1.4.4 MnM view 316
10.1.4.4.1 Key strengths/Right to win 316
10.1.4.4.2 Strategic choices 316
10.1.4.4.3 Weaknesses/Competitive threats 317
10.1.5 ROCKWELL AUTOMATION 318
10.1.5.1 Business overview 318
10.1.5.2 Products/Solutions/Services offered 319
10.1.5.3 Recent developments 320
10.1.5.3.1 Product launches/developments 320
10.1.5.3.2 Deals 321
10.1.5.3.3 Others 323
10.1.5.4 MnM view 323
10.1.5.4.1 Key strengths/Right to win 323
10.1.5.4.2 Strategic choices 323
10.1.5.4.3 Weaknesses/Competitive threats 323
10.1.6 SCHNEIDER ELECTRIC 324
10.1.6.1 Business overview 324
10.1.6.2 Products/Solutions/Services offered 325
10.1.6.3 Recent developments 326
10.1.6.3.1 Product launches/developments 326
10.1.6.3.2 Deals 327
10.1.6.3.3 Others 328
10.1.6.3.4 Expansions 328
10.1.6.4 MnM view 328
10.1.6.4.1 Key strengths/Right to win 328
10.1.6.4.2 Strategic choices 329
10.1.6.4.3 Weaknesses/Competitive threats 329
10.1.7 SIEMENS 330
10.1.7.1 Business overview 330
10.1.7.2 Products/Solutions/Services offered 331
10.1.7.3 Recent developments 332
10.1.7.3.1 Product launches/developments 332
10.1.7.3.2 Deals 333
10.1.7.3.3 Others 334
10.1.7.4 MnM view 335
10.1.7.4.1 Key strengths/Right to win 335
10.1.7.4.2 Strategic choices 335
10.1.7.4.3 Weaknesses/Competitive threats 335
10.1.8 YOKOGAWA ELECTRIC CORPORATION 336
10.1.8.1 Business overview 336
10.1.8.2 Products/Solutions/Services offered 337
10.1.8.3 Recent developments 338
10.1.8.3.1 Deals 338
10.1.8.4 MnM view 339
10.1.8.4.1 Key strengths/Right to win 339
10.1.8.4.2 Strategic choices 339
10.1.8.4.3 Weaknesses/Competitive threats 339
10.1.9 3D SYSTEMS, INC. 340
10.1.9.1 Business overview 340
10.1.9.2 Products/Solutions/Services offered 341
10.1.9.3 Recent developments 342
10.1.9.3.1 Deals 342
10.1.9.3.2 Others 343
10.1.10 CISCO SYSTEMS, INC. 344
10.1.10.1 Business overview 344
10.1.10.2 Products/Solutions/Services offered 345
10.1.10.3 Recent developments 346
10.1.10.3.1 Deals 346
10.1.10.3.2 Others 347
10.1.11 IBM 348
10.1.11.1 Business overview 348
10.1.11.2 Products/Solutions/Services offered 349
10.1.11.3 Recent developments 351
10.1.11.3.1 Product launches/developments 351
10.1.11.3.2 Deals 351
10.1.11.3.3 Others 352
10.1.12 MITSUBISHI ELECTRIC CORPORATION 353
10.1.12.1 Business overview 353
10.1.12.2 Products/Solutions/Services offered 354
10.1.12.3 Recent developments 355
10.1.12.3.1 Product launches/developments 355
10.1.12.3.2 Deals 356
10.1.13 ORACLE 358
10.1.13.1 Business overview 358
10.1.13.2 Products/Solutions/Services offered 359
10.1.13.3 Recent developments 360
10.1.13.3.1 Product launches/developments 360
10.1.13.3.2 Deals 360
10.1.13.3.3 Others 361
10.1.13.3.4 Expansions 361
10.1.14 SAP 362
10.1.14.1 Business overview 362
10.1.14.2 Products/Solutions/Services offered 363
10.1.14.3 Recent developments 364
10.1.14.3.1 Deals 364
10.1.15 STRATASYS 365
10.1.15.1 Business overview 365
10.1.15.2 Products/Solutions/Services offered 366
10.1.15.3 Recent developments 367
10.1.15.3.1 Product launches/developments 367
10.1.15.3.2 Deals 367
10.1.15.3.3 Others 368
10.2 OTHER PLAYERS 369
10.2.1 COGNEX CORPORATION 369
10.2.2 GOOGLE 370
10.2.3 INTEL CORPORATION 371
10.2.4 KEYENCE CORPORATION 372
10.2.5 NVIDIA CORPORATION 373
10.2.6 PTC 374
10.2.7 SAMSUNG 375
10.2.8 SONY CORPORATION 376
10.2.9 UNIVERSAL ROBOTS A/S 377
10.2.10 OMRON CORPORATION 378
10.2.11 ADDVERB TECHNOLOGIES LIMITED 379
10.2.12 LOCUS ROBOTICS 380
10.2.13 EIRATECH ROBOTICS LTD. 381
10.2.14 GREYORANGE 382
11 APPENDIX 383
11.1 INSIGHTS FROM INDUSTRY EXPERTS 383
11.2 DISCUSSION GUIDE 384
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 387
11.4 CUSTOMIZATION OPTIONS 389
11.5 RELATED REPORTS 389
11.6 AUTHOR DETAILS 390
LIST OF TABLES
TABLE 1 SMART MANUFACTURING MARKET: RISK ANALYSIS 50
TABLE 2 ROLE OF COMPANIES IN SMART MANUFACTURING ECOSYSTEM 70
TABLE 3 INDICATIVE PRICING TREND OF INDUSTRIAL ROBOTS OFFERED BY KEY PLAYERS, BY ROBOT TYPE (USD) 72
TABLE 4 AVERAGE SELLING PRICE TREND OF DIGITAL TEMPERATURE SENSORS OFFERED BY KEY PLAYERS (USD) 72
TABLE 5 AVERAGE SELLING PRICE TREND OF TRADITIONAL ROBOTS, BY PAYLOAD
CAPACITY (USD) 75
TABLE 6 LIST OF MAJOR PATENTS, 2022–2024 82
TABLE 7 IMPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2024 (Q1–Q3) (USD BILLION) 87
TABLE 8 EXPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2024 (Q1–Q3) (USD BILLION) 88
TABLE 9 LIST OF KEY CONFERENCES AND EVENTS, 2025–2026 89
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 13 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 14 INTERNATIONAL: SAFETY STANDARDS 96
TABLE 15 NORTH AMERICA: SAFETY STANDARDS 97
TABLE 16 EUROPE: SAFETY STANDARDS 98
TABLE 17 ASIA PACIFIC: SAFETY STANDARDS 98
TABLE 18 ROW: SAFETY STANDARDS 99
TABLE 19 PORTER’S FIVE FORCES ANALYSIS 100
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES (%) 102
TABLE 21 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 103
TABLE 22 SMART MANUFACTURING MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 108
TABLE 23 SMART MANUFACTURING MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 109
TABLE 24 AUTOMATION & CONTROL SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 109
TABLE 25 AUTOMATION & CONTROL SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 110
TABLE 26 AUTOMATION & CONTROL SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 110
TABLE 27 AUTOMATION & CONTROL SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 110
TABLE 28 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET, BY OFFERING, 2020–2023 (USD MILLION) 111
TABLE 29 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 111
TABLE 30 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET, BY HARDWARE, 2020–2023 (USD MILLION) 111
TABLE 31 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 112
TABLE 32 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET FOR SOFTWARE, BY DEPLOYMENT TYPE, 2020–2023 (USD MILLION) 115
TABLE 33 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET FOR SOFTWARE, BY DEPLOYMENT TYPE, 2024–2029 (USD MILLION) 115
TABLE 34 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 116
TABLE 35 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 117
TABLE 36 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 117
TABLE 37 HUMAN-MACHINE INTERFACE: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 118
TABLE 38 INDUSTRIAL PC: SMART MANUFACTURING MARKET, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 118
TABLE 39 INDUSTRIAL PC: SMART MANUFACTURING MARKET, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 119
TABLE 40 INDUSTRIAL PC: SMART MANUFACTURING MARKET, BY INDUSTRY,
2020–2023 (USD MILLION) 120
TABLE 41 INDUSTRIAL PC: SMART MANUFACTURING MARKET, BY INDUSTRY,
2024–2029 (USD MILLION) 121
TABLE 42 INDUSTRIAL PC: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 121
TABLE 43 INDUSTRIAL PC: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 122
TABLE 44 ASSET & MAINTENANCE MANAGEMENT: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 123
TABLE 45 ASSET & MAINTENANCE MANAGEMENT: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 123
TABLE 46 ASSET & MAINTENANCE MANAGEMENT: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 123
TABLE 47 ASSET & MAINTENANCE MANAGEMENT: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 124
TABLE 48 PLANT ASSET MANAGEMENT: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 125
TABLE 49 PLANT ASSET MANAGEMENT: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 126
TABLE 50 PLANT ASSET MANAGEMENT: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 126
TABLE 51 PLANT ASSET MANAGEMENT: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 126
TABLE 52 MACHINE CONDITION MONITORING: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 132
TABLE 53 MACHINE CONDITION MONITORING: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 132
TABLE 54 MACHINE CONDITION MONITORING: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 133
TABLE 55 MACHINE CONDITION MONITORING: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 133
TABLE 56 COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 134
TABLE 57 COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 134
TABLE 58 COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 135
TABLE 59 COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 135
TABLE 60 ASSET PERFORMANCE MAINTENANCE: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 139
TABLE 61 ASSET PERFORMANCE MAINTENANCE: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 140
TABLE 62 ASSET PERFORMANCE MAINTENANCE: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 140
TABLE 63 ASSET PERFORMANCE MAINTENANCE: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 140
TABLE 64 MANUFACTURING OPERATION SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 141
TABLE 65 MANUFACTURING OPERATION SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 142
TABLE 66 MANUFACTURING OPERATION SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 142
TABLE 67 MANUFACTURING OPERATION SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 142
TABLE 68 MANUFACTURING EXECUTION SYSTEMS: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 145
TABLE 69 MANUFACTURING EXECUTION SYSTEMS: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 145
TABLE 70 MANUFACTURING EXECUTION SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 146
TABLE 71 MANUFACTURING EXECUTION SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 146
TABLE 72 WAREHOUSE MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 148
TABLE 73 WAREHOUSE MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 148
TABLE 74 WAREHOUSE MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 149
TABLE 75 WAREHOUSE MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 149
TABLE 76 MANUFACTURING OPERATION MANAGEMENT: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 150
TABLE 77 MANUFACTURING OPERATION MANAGEMENT: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 150
TABLE 78 MANUFACTURING OPERATION MANAGEMENT: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 151
TABLE 79 MANUFACTURING OPERATION MANAGEMENT: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 151
TABLE 80 ENTERPRISE RESOURCE PLANNING: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 152
TABLE 81 ENTERPRISE RESOURCE PLANNING: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 153
TABLE 82 ENTERPRISE RESOURCE PLANNING: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 153
TABLE 83 ENTERPRISE RESOURCE PLANNING: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 153
TABLE 84 QUALITY MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 155
TABLE 85 QUALITY MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 155
TABLE 86 QUALITY MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 156
TABLE 87 QUALITY MANAGEMENT SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 156
TABLE 88 INDUSTRIAL NETWORKING & CONNECTIVITY: SMART MANUFACTURING MARKET, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 157
TABLE 89 INDUSTRIAL NETWORKING & CONNECTIVITY: SMART MANUFACTURING MARKET, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 157
TABLE 90 INDUSTRIAL NETWORKING & CONNECTIVITY: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 157
TABLE 91 INDUSTRIAL NETWORKING & CONNECTIVITY: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 158
TABLE 92 PRIVATE 5G: SMART MANUFACTURING MARKET, BY INDUSTRY,
2020–2023 (USD MILLION) 159
TABLE 93 PRIVATE 5G: SMART MANUFACTURING MARKET, BY INDUSTRY,
2024–2029 (USD MILLION) 159
TABLE 94 PRIVATE 5G: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 160
TABLE 95 PRIVATE 5G: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 160
TABLE 96 EDGE COMPUTING: SMART MANUFACTURING MARKET, BY INDUSTRY,
2020–2023 (USD MILLION) 161
TABLE 97 EDGE COMPUTING: SMART MANUFACTURING MARKET, BY INDUSTRY,
2024–2029 (USD MILLION) 162
TABLE 98 EDGE COMPUTING: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 162
TABLE 99 EDGE COMPUTING: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 162
TABLE 100 CLOUD COMPUTING: SMART MANUFACTURING MARKET, BY INDUSTRY,
2020–2023 (USD MILLION) 165
TABLE 101 CLOUD COMPUTING: SMART MANUFACTURING MARKET, BY INDUSTRY,
2024–2029 (USD MILLION) 165
TABLE 102 CLOUD COMPUTING: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 166
TABLE 103 CLOUD COMPUTING: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 166
TABLE 104 INDUSTRIAL COMMUNICATION: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 168
TABLE 105 INDUSTRIAL COMMUNICATION: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 168
TABLE 106 INDUSTRIAL COMMUNICATION: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 169
TABLE 107 INDUSTRIAL COMMUNICATION: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 169
TABLE 108 INDUSTRIAL ROBOTICS: SMART MANUFACTURING MARKET, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 170
TABLE 109 INDUSTRIAL ROBOTICS: SMART MANUFACTURING MARKET, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 170
TABLE 110 INDUSTRIAL ROBOTICS: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 170
TABLE 111 INDUSTRIAL ROBOTICS: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 171
TABLE 112 INDUSTRIAL 3D PRINTING: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 173
TABLE 113 INDUSTRIAL 3D PRINTING: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 173
TABLE 114 INDUSTRIAL 3D PRINTING: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 174
TABLE 115 INDUSTRIAL 3D PRINTING: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 174
TABLE 116 INDUSTRIAL ROBOTS: SMART MANUFACTURING MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 174
TABLE 117 INDUSTRIAL ROBOTS: SMART MANUFACTURING MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 175
TABLE 118 INDUSTRIAL ROBOTS, SMART MANUFACTURING MARKET, BY PRODUCT TYPE, 2020–2023 (THOUSAND UNITS) 175
TABLE 119 INDUSTRIAL ROBOTS, SMART MANUFACTURING MARKET, BY PRODUCT TYPE, 2024–2029 (THOUSAND UNITS) 175
TABLE 120 TRADITIONAL ROBOTS, SMART MANUFACTURING MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 176
TABLE 121 TRADITIONAL ROBOTS, SMART MANUFACTURING MARKET, BY TYPE,
2024–2029 (THOUSAND UNITS) 177
TABLE 122 COLLABORATIVE ROBOTS, SMART MANUFACTURING MARKET, BY TYPE,
2020–2023 (THOUSAND UNITS) 178
TABLE 123 COLLABORATIVE ROBOTS, SMART MANUFACTURING MARKET, BY TYPE,
2024–2029 (THOUSAND UNITS) 178
TABLE 124 INDUSTRIAL ROBOTS: SMART MANUFACTURING MARKET, BY INDUSTRY,
2020–2023 (USD MILLION) 179
TABLE 125 INDUSTRIAL ROBOTS: SMART MANUFACTURING MARKET, BY INDUSTRY,
2024–2029 (USD MILLION) 179
TABLE 126 INDUSTRIAL ROBOTS: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 179
TABLE 127 INDUSTRIAL ROBOTS: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 180
TABLE 128 AUTOMATED GUIDED VEHICLES: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 183
TABLE 129 AUTOMATED GUIDED VEHICLES: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 184
TABLE 130 AUTOMATED GUIDED VEHICLES: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 184
TABLE 131 AUTOMATED GUIDED VEHICLES: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 184
TABLE 132 AUTONOMOUS MOBILE ROBOTS: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 186
TABLE 133 AUTONOMOUS MOBILE ROBOTS: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 186
TABLE 134 AUTONOMOUS MOBILE ROBOTS: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 187
TABLE 135 AUTONOMOUS MOBILE ROBOTS: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 187
TABLE 136 SENSORS & VISION SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 188
TABLE 137 SENSORS & VISION SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 188
TABLE 138 SENSORS & VISION SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 188
TABLE 139 SENSORS & VISION SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 188
TABLE 140 INDUSTRIAL SENSORS: SMART MANUFACTURING MARKET, BY SENSOR TYPE, 2020–2023 (USD MILLION) 189
TABLE 141 INDUSTRIAL SENSORS: SMART MANUFACTURING MARKET, BY SENSOR TYPE, 2024–2029 (USD MILLION) 189
TABLE 142 INDUSTRIAL SENSORS: SMART MANUFACTURING MARKET, BY INDUSTRY,
2020–2023 (USD MILLION) 190
TABLE 143 INDUSTRIAL SENSORS: SMART MANUFACTURING MARKET, BY INDUSTRY,
2024–2029 (USD MILLION) 191
TABLE 144 INDUSTRIAL SENSORS: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 191
TABLE 145 INDUSTRIAL SENSORS: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 191
TABLE 146 INDUSTRIAL MACHINE VISION: SMART MANUFACTURING MARKET, BY OFFERING, 2020–2023 (USD MILLION) 192
TABLE 147 INDUSTRIAL MACHINE VISION: SMART MANUFACTURING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 192
TABLE 148 INDUSTRIAL MACHINE VISION: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 195
TABLE 149 INDUSTRIAL MACHINE VISION: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 195
TABLE 150 INDUSTRIAL MACHINE VISION: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 196
TABLE 151 INDUSTRIAL MACHINE VISION: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 196
TABLE 152 DIGITAL TRANSFORMATION SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 197
TABLE 153 DIGITAL TRANSFORMATION SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 197
TABLE 154 DIGITAL TRANSFORMATION SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 197
TABLE 155 DIGITAL TRANSFORMATION SYSTEMS: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 198
TABLE 156 AI IN MANUFACTURING: SMART MANUFACTURING MARKET, BY OFFERING,
2020–2023 (USD MILLION) 198
TABLE 157 AI IN MANUFACTURING: SMART MANUFACTURING MARKET, BY OFFERING,
2024–2029 (USD MILLION) 199
TABLE 158 AI IN MANUFACTURING: SMART MANUFACTURING MARKET, BY INDUSTRY,
2020–2023 (USD MILLION) 203
TABLE 159 AI IN MANUFACTURING: SMART MANUFACTURING MARKET, BY INDUSTRY,
2024–2029 (USD MILLION) 203
TABLE 160 AI IN MANUFACTURING: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 203
TABLE 161 AI IN MANUFACTURING: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 204
TABLE 162 INDUSTRIAL CYBERSECURITY: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 206
TABLE 163 INDUSTRIAL CYBERSECURITY: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 206
TABLE 164 INDUSTRIAL CYBERSECURITY: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 206
TABLE 165 INDUSTRIAL CYBERSECURITY: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 207
TABLE 166 DIGITAL TWIN: SMART MANUFACTURING MARKET, BY INDUSTRY,
2020–2023 (USD MILLION) 208
TABLE 167 DIGITAL TWIN: SMART MANUFACTURING MARKET, BY INDUSTRY,
2024–2029 (USD MILLION) 208
TABLE 168 DIGITAL TWIN: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 209
TABLE 169 DIGITAL TWIN: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 209
TABLE 170 AR & VR IN MANUFACTURING: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 210
TABLE 171 AR & VR IN MANUFACTURING: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 211
TABLE 172 AR & VR IN MANUFACTURING: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 211
TABLE 173 AR & VR IN MANUFACTURING: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 211
TABLE 174 DESIGN & PLANNING SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION) 212
TABLE 175 DESIGN & PLANNING SYSTEMS: SMART MANUFACTURING MARKET,
BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION) 212
TABLE 176 DESIGN & PLANNING SYSTEMS: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 213
TABLE 177 DESIGN & PLANNING SYSTEMS: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 213
TABLE 178 COMPUTER-AIDED DESIGN: SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 214
TABLE 179 COMPUTER-AIDED DESIGN: SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 215
TABLE 180 COMPUTER-AIDED DESIGN: SMART MANUFACTURING MARKET, BY REGION,
2020–2023 (USD MILLION) 215
TABLE 181 COMPUTER-AIDED DESIGN: SMART MANUFACTURING MARKET, BY REGION,
2024–2029 (USD MILLION) 215
TABLE 182 COMPUTER-AIDED MANUFACTURING: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 216
TABLE 183 COMPUTER-AIDED MANUFACTURING: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 217
TABLE 184 COMPUTER-AIDED MANUFACTURING: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 217
TABLE 185 COMPUTER-AIDED MANUFACTURING: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 217
TABLE 186 PRODUCT LIFECYCLE MANAGEMENT: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2020–2023 (USD MILLION) 219
TABLE 187 PRODUCT LIFECYCLE MANAGEMENT: SMART MANUFACTURING MARKET,
BY INDUSTRY, 2024–2029 (USD MILLION) 219
TABLE 188 PRODUCT LIFECYCLE MANAGEMENT: SMART MANUFACTURING MARKET,
BY REGION, 2020–2023 (USD MILLION) 220
TABLE 189 PRODUCT LIFECYCLE MANAGEMENT: SMART MANUFACTURING MARKET,
BY REGION, 2024–2029 (USD MILLION) 220
TABLE 190 SMART MANUFACTURING MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 223
TABLE 191 SMART MANUFACTURING MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 224
TABLE 192 SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 236
TABLE 193 SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 236
TABLE 194 NORTH AMERICA: SMART MANUFACTURING MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 239
TABLE 195 NORTH AMERICA: SMART MANUFACTURING MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 239
TABLE 196 NORTH AMERICA: SMART MANUFACTURING MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 240
TABLE 197 NORTH AMERICA: SMART MANUFACTURING MARKET, BY TECHNOLOGY,
2024–2029 (USD MILLION) 240
TABLE 198 EUROPE: SMART MANUFACTURING MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 245
TABLE 199 EUROPE: SMART MANUFACTURING MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 245
TABLE 200 EUROPE: SMART MANUFACTURING MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 246
TABLE 201 EUROPE: SMART MANUFACTURING MARKET, BY TECHNOLOGY,
2024–2029 (USD MILLION) 246
TABLE 202 ASIA PACIFIC: SMART MANUFACTURING MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 252
TABLE 203 ASIA PACIFIC: SMART MANUFACTURING MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 252
TABLE 204 ASIA PACIFIC: SMART MANUFACTURING MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 253
TABLE 205 ASIA PACIFIC: SMART MANUFACTURING MARKET, BY TECHNOLOGY,
2024–2029 (USD MILLION) 253
TABLE 206 ROW: SMART MANUFACTURING MARKET, BY REGION, 2020–2023 (USD MILLION) 258
TABLE 207 ROW: SMART MANUFACTURING MARKET, BY REGION, 2024–2029 (USD MILLION) 258
TABLE 208 ROW: SMART MANUFACTURING MARKET, BY TECHNOLOGY,
2020–2023 (USD MILLION) 259
TABLE 209 ROW: SMART MANUFACTURING MARKET, BY TECHNOLOGY,
2024–2029 (USD MILLION) 259
TABLE 210 SOUTH AMERICA: SMART MANUFACTURING MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 260
TABLE 211 SOUTH AMERICA: SMART MANUFACTURING MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 260
TABLE 212 MIDDLE EAST & AFRICA: SMART MANUFACTURING MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 262
TABLE 213 MIDDLE EAST & AFRICA: SMART MANUFACTURING MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 262
TABLE 214 SMART MANUFACTURING MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, 2023–2025 264
TABLE 215 INDUSTRIAL ROBOTICS MARKET: DEGREE OF COMPETITION, 2023 268
TABLE 216 INDUSTRIAL SENSORS MARKET: DEGREE OF COMPETITION, 2023 271
TABLE 217 INDUSTRIAL ROBOTICS MARKET: PAYLOAD FOOTPRINT 277
TABLE 218 INDUSTRIAL ROBOTICS MARKET: ROBOT TYPE FOOTPRINT 278
TABLE 219 INDUSTRIAL ROBOTICS MARKET: END-USE INDUSTRY FOOTPRINT 279
TABLE 220 INDUSTRIAL ROBOTICS MARKET: REGION FOOTPRINT 280
TABLE 221 INDUSTRIAL ROBOTICS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 283
TABLE 222 INDUSTRIAL ROBOTICS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 284
TABLE 223 SMART MANUFACTURING MARKET: PRODUCT LAUNCHES/DEVELOPMENTS,
APRIL 2023–JANUARY 2025 286
TABLE 224 SMART MANUFACTURING MARKET: DEALS, APRIL 2023–JANUARY 2025 288
TABLE 225 SMART MANUFACTURING MARKET: EXPANSIONS, APRIL 2023–JANUARY 2025 293
TABLE 226 SMART MANUFACTURING MARKET: OTHER, APRIL 2023–JANUARY 2025 294
TABLE 227 ABB: COMPANY OVERVIEW 296
TABLE 228 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 297
TABLE 229 ABB: PRODUCT LAUNCHES/DEVELOPMENTS 298
TABLE 230 ABB: DEALS 300
TABLE 231 ABB: EXPANSIONS 302
TABLE 232 EMERSON ELECTRIC CO.: COMPANY OVERVIEW 303
TABLE 233 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 304
TABLE 234 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES/DEVELOPMENTS 305
TABLE 235 EMERSON ELECTRIC CO.: DEALS 306
TABLE 236 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW 308
TABLE 237 GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 309
TABLE 238 GENERAL ELECTRIC COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS 310
TABLE 239 GENERAL ELECTRIC COMPANY: DEALS 311
TABLE 240 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 312
TABLE 241 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 313
TABLE 242 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES/DEVELOPMENTS 314
TABLE 243 HONEYWELL INTERNATIONAL INC.: DEALS 315
TABLE 244 HONEYWELL INTERNATIONAL INC.: OTHERS 315
TABLE 245 ROCKWELL AUTOMATION: COMPANY OVERVIEW 318
TABLE 246 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 319
TABLE 247 ROCKWELL AUTOMATION: PRODUCT LAUNCHES/DEVELOPMENTS 320
TABLE 248 ROCKWELL AUTOMATION: DEALS 321
TABLE 249 ROCKWELL AUTOMATION: OTHERS 323
TABLE 250 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 324
TABLE 251 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 325
TABLE 252 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES/DEVELOPMENTS 326
TABLE 253 SCHNEIDER ELECTRIC: DEALS 327
TABLE 254 SCHNEIDER ELECTRIC: OTHERS 328
TABLE 255 SCHNEIDER ELECTRIC: EXPANSIONS 328
TABLE 256 SIEMENS: COMPANY OVERVIEW 330
TABLE 257 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 331
TABLE 258 SIEMENS: PRODUCT LAUNCHES/DEVELOPMENTS 332
TABLE 259 SIEMENS: DEALS 333
TABLE 260 SIEMENS: OTHERS 334
TABLE 261 YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW 336
TABLE 262 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 337
TABLE 263 YOKOGAWA ELECTRIC CORPORATION: DEALS 338
TABLE 264 3D SYSTEMS, INC.: COMPANY OVERVIEW 340
TABLE 265 3D SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 341
TABLE 266 3D SYSTEMS, INC.: DEALS 342
TABLE 267 3D SYSTEMS, INC.: OTHERS 343
TABLE 268 CISCO SYSTEMS, INC.: COMPANY OVERVIEW 344
TABLE 269 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 345
TABLE 270 CISCO SYSTEMS, INC.: DEALS 346
TABLE 271 CISCO SYSTEMS, INC.: OTHERS 347
TABLE 272 IBM: COMPANY OVERVIEW 348
TABLE 273 IBM: PRODUCT/SOLUTIONS/SERVICES OFFERED 349
TABLE 274 IBM: PRODUCT LAUNCHES/DEVELOPMENTS 351
TABLE 275 IBM: DEALS 351
TABLE 276 IBM: OTHERS 352
TABLE 277 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 353
TABLE 278 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 354
TABLE 279 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS 355
TABLE 280 MITSUBISHI ELECTRIC CORPORATION: DEALS 356
TABLE 281 ORACLE: COMPANY OVERVIEW 358
TABLE 282 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 359
TABLE 283 ORACLE: PRODUCT LAUNCHES/DEVELOPMENTS 360
TABLE 284 ORACLE: DEALS 360
TABLE 285 ORACLE: ANNOUNCEMENT 361
TABLE 286 ORACLE: EXPANSIONS 361
TABLE 287 SAP: COMPANY OVERVIEW 362
TABLE 288 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 363
TABLE 289 SAP: DEALS 364
TABLE 290 STRATASYS: COMPANY OVERVIEW 365
TABLE 291 STRATASYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 366
TABLE 292 STRATASYS: PRODUCT LAUNCHES/DEVELOPMENTS 367
TABLE 293 STRATASYS: DEALS 367
TABLE 294 STRATASYS: OTHERS 368
TABLE 295 EIRATECH ROBOTICS LTD.: COMPANY OVERVIEW 381
TABLE 296 GREYORANGE: COMPANY OVERVIEW 382
LIST OF FIGURES
FIGURE 1 SMART MANUFACTURING MARKET SEGMENTATION AND REGIONAL SCOPE 35
FIGURE 2 SMART MANUFACTURING MARKET: RESEARCH DESIGN 39
FIGURE 3 INDUSTRIAL ROBOTS MARKET: BOTTOM-UP APPROACH 45
FIGURE 4 INDUSTRIAL ROBOTS MARKET SIZE ESTIMATION METHODOLOGY 45
FIGURE 5 INDUSTRIAL ROBOTS MARKET: TOP-DOWN APPROACH 46
FIGURE 6 INDUSTRIAL ROBOTS MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE) 47
FIGURE 7 SMART MANUFACTURING MARKET: DATA TRIANGULATION 48
FIGURE 8 SMART MANUFACTURING MARKET: RESEARCH ASSUMPTIONS 49
FIGURE 9 DIGITAL TRANSFORMATION SYSTEMS SEGMENT TO RECORD HIGHEST CAGR BETWEEN 2024 AND 2029 51
FIGURE 10 AUTOMOTIVE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 52
FIGURE 11 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 53
FIGURE 12 EMPHASIS ON REAL-TIME DATA ANALYSIS AND PREDICTIVE MAINTENANCE TO CONTRIBUTE TO MARKET GROWTH 54
FIGURE 13 DIGITAL TRANSFORMATION SYSTEMS SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029 55
FIGURE 14 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SMART MANUFACTURING MARKET IN 2024 56
FIGURE 15 CHINA TO REGISTER HIGHEST CAGR IN GLOBAL SMART MANUFACTURING MARKET DURING FORECAST PERIOD 57
FIGURE 16 ASIA PACIFIC TO HOLD LARGEST SHARE OF GLOBAL SMART MANUFACTURING MARKET IN 2029 57
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
FIGURE 18 IMPACT ANALYSIS: DRIVERS 61
FIGURE 19 IMPACT ANALYSIS: RESTRAINTS 62
FIGURE 20 INDUSTRIES WITH MAJOR INVESTMENTS AND GOVERNMENT INITIATIVES IN INDIA 64
FIGURE 21 IMPACT ANALYSIS: OPPORTUNITIES 65
FIGURE 22 CYBERSECURITY THREATS IN SMART FACTORIES 66
FIGURE 23 IMPACT ANALYSIS: CHALLENGES 67
FIGURE 24 VALUE CHAIN ANALYSIS 67
FIGURE 25 SMART MANUFACTURING ECOSYSTEM 69
FIGURE 26 AVERAGE SELLING PRICE TREND OF INDUSTRIAL ROBOTS OFFERED BY KEY PLAYERS, BY ROBOT TYPE 71
FIGURE 27 AVERAGE SELLING PRICE TREND OF DIGITAL TEMPERATURE SENSORS OFFERED BY KEY PLAYERS 72
FIGURE 28 AVERAGE SELLING PRICE TREND OF INDUSTRIAL SENSORS, 2020–2023 73
FIGURE 29 AVERAGE SELLING PRICE TREND OF TRADITIONAL ROBOTS, BY TYPE, 2020–2023 74
FIGURE 30 AVERAGE SELLING PRICE TREND OF ARTICULATED ROBOTS,
BY REGION, 2020–2023 76
FIGURE 31 AVERAGE SELLING PRICE TREND OF INDUSTRIAL TEMPERATURE SENSORS,
BY REGION, 2020–2023 76
FIGURE 32 INVESTMENT AND FUNDING SCENARIO 77
FIGURE 33 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 77
FIGURE 34 PATENTS APPLIED AND GRANTED, 2015–2024 81
FIGURE 35 IMPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2024 (Q1–Q3) 87
FIGURE 36 EXPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2024 (Q1–Q3) 88
FIGURE 37 PORTER’S FIVE FORCES ANALYSIS 100
FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES 102
FIGURE 39 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 103
FIGURE 40 GEN AI/AI USE CASES 105
FIGURE 41 SMART MANUFACTURING MARKET, BY TECHNOLOGY 107
FIGURE 42 DIGITAL TRANSFORMATION SYSTEMS SEGMENT TO HOLD LARGEST SHARE OF SMART MANUFACTURING MARKET IN 2029 108
FIGURE 43 SMART MANUFACTURING MARKET, BY AUTOMATION & CONTROL SYSTEM 109
FIGURE 44 SMART MANUFACTURING MARKET, BY ASSET & MAINTENANCE MANAGEMENT 122
FIGURE 45 SMART MANUFACTURING MARKET, BY MANUFACTURING OPERATION SYSTEM 141
FIGURE 46 SMART MANUFACTURING MARKET, BY INDUSTRIAL NETWORKING & CONNECTIVITY 156
FIGURE 47 SMART MANUFACTURING MARKET, BY INDUSTRIAL ROBOTICS 169
FIGURE 48 SMART MANUFACTURING MARKET, BY SENSOR & VISION SYSTEM 187
FIGURE 49 SMART MANUFACTURING MARKET, BY DIGITAL TRANSFORMATION SYSTEM 196
FIGURE 50 SMART MANUFACTURING MARKET, BY DESIGN & PLANNING SYSTEM 212
FIGURE 51 SMART MANUFACTURING MARKET, BY INDUSTRY 222
FIGURE 52 AUTOMOTIVE SEGMENT TO HOLD LARGEST SHARE OF SMART MANUFACTURING MARKET IN 2029 223
FIGURE 53 SMART MANUFACTURING MARKET, BY REGION 235
FIGURE 54 ASIA PACIFIC TO DOMINATE SMART MANUFACTURING MARKET DURING
FORECAST PERIOD 235
FIGURE 55 NORTH AMERICA: SMART MANUFACTURING MARKET SNAPSHOT 238
FIGURE 56 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN SMART MANUFACTURING MARKET IN 2029 239
FIGURE 57 EUROPE: SMART MANUFACTURING MARKET SNAPSHOT 244
FIGURE 58 GERMANY TO DOMINATE EUROPEAN SMART MANUFACTURING MARKET FROM 2024 TO 2029 245
FIGURE 59 ASIA PACIFIC: SMART MANUFACTURING MARKET SNAPSHOT 251
FIGURE 60 CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC SMART MANUFACTURING MARKET IN 2029 252
FIGURE 61 SOUTH AMERICA TO EXHIBIT HIGHER CAGR IN ROW SMART MANUFACTURING MARKET FROM 2024 TO 2029 258
FIGURE 62 MARKET SHARE ANALYSIS OF COMPANIES OFFERING INDUSTRIAL ROBOTS, 2023 267
FIGURE 63 INDUSTRIAL ROBOTICS MARKET: REVENUE ANALYSIS OF KEY PLAYERS,
2019–2023 270
FIGURE 64 MARKET SHARE ANALYSIS OF COMPANIES OFFERING INDUSTRIAL
SENSORS, 2023 271
FIGURE 65 COMPANY VALUATION, 2024 272
FIGURE 66 FINANCIAL METRICS, 2024 (EV/EBITDA) 272
FIGURE 67 BRAND/PRODUCT COMPARISON 273
FIGURE 68 INDUSTRIAL ROBOTICS MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2023 275
FIGURE 69 INDUSTRIAL ROBOTICS MARKET: COMPANY FOOTPRINT 276
FIGURE 70 INDUSTRIAL ROBOTICS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 282
FIGURE 71 ABB: COMPANY SNAPSHOT 297
FIGURE 72 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 304
FIGURE 73 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 309
FIGURE 74 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 313
FIGURE 75 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 319
FIGURE 76 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 325
FIGURE 77 SIEMENS: COMPANY SNAPSHOT 331
FIGURE 78 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 337
FIGURE 79 3D SYSTEMS, INC.: COMPANY SNAPSHOT 341
FIGURE 80 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT 345
FIGURE 81 IBM: COMPANY SNAPSHOT 349
FIGURE 82 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 354
FIGURE 83 ORACLE: COMPANY SNAPSHOT 359
FIGURE 84 SAP: COMPANY SNAPSHOT 363
FIGURE 85 STRATASYS: COMPANY SNAPSHOT 366
