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Report Overview
The smart manufacturing platform market size reached around USD 7.94 Billion in 2024. The market is projected to grow at a CAGR of 19.90% between 2025 and 2034 to reach nearly USD 48.75 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Billion
19.9%
2025-2034
Smart Manufacturing Platform Market Outlook
*this image is indicative*
The global smart manufacturing platform market is being driven by the rising adoption of automation in various industries, the growing demand for simplified data to boost productivity and cut down operational costs, and the increased government support to promote industrial automation.
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Properties and Applications
Smart manufacturing is a category of manufacturing that includes computer-integrated production, high levels of adaptability, incorporation of digital information technology, and more versatile technical training for the workforce.
Breakup by Information Technology
- Human Machine Interface
- Enterprise Manufacturing Intelligence
- Plant Asset Management
- Manufacturing Execution System
- Industrial Communications
- Warehouse Management System
Breakup by Enabling Technology
- Industrial 3D Printing
- Collaborative Robots
- Industrial IoT
- AI In Manufacturing
- Machine Condition Monitoring
- Industrial Machine Vision
- Industrial Cybersecurity
- Digital Twin
- Automated Guided Vehicle
- Blockchain in Manufacturing
- AR And VR In Manufacturing
Breakup by Industry
- Process Industry
- Oil and Gas
- Food and Beverages
- Pharmaceuticals
- Chemicals
- Energy and Power
- Metals and Mining
- Pulp and Paper
- Others
- Discrete Industry
- Automotive
- Aerospace and Defence
- Semiconductor and Electronics
- Medical Devices
- Machine Manufacturing
- Others
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Analysis
With the increasing demand for remote monitoring and enhanced productivity in various industries, the adoption of automation technology has increased, which is driving the growth of the smart manufacturing platform market. The increased investment and development of industrial IoT (IIoT), in combination with other technologies, is further aiding the industry growth. Smart manufacturing platforms optimise data to enhance utilisation, reduce waste, and increase profit. These platforms allow to connect, collect, and access data from anywhere and anytime through devices like desktops, laptops, tablets, or smartphones.
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The process industry segment leads the global smart manufacturing platform market, accounting for the largest share. The segment is expected to dominate the market in the forecast period as well. Further, the Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to the rapidly developing emerging economies and the implementation of various strategies by the government to encourage automation in the region.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global smart manufacturing platform market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Stratatys Ltd.
- 3D Systems, Inc.
- Daifuku Co., Ltd.
- Honeywell International Inc.
- Rockwell Automation, Inc.
- Siemens AG
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 7.94 Billion.
The market is assessed to grow at a CAGR of 19.90% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 48.75 Billion by 2034.
The major market drivers include the growing adoption of automation in various end-use sectors, technological advancements and innovations, and the growing demand for simplified data to boost productivity and cut operational costs.
The key trends guiding the market include the introduction of favourable government initiatives to boost automation, the rising demand for remote monitoring in several end-use sectors, and increasing investments in technologies like industrial IoT (IIoT).
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Human machine interface, enterprise manufacturing intelligence, plant asset management, manufacturing execution system, industrial communications, and warehouse management system are the major information technology segments in the market.
The significant enabling technology segments considered in the market report are industrial 3D printing, collaborative robots, industrial IoT, AI in manufacturing, machine condition monitoring, industrial machine vision, industrial cybersecurity, digital twin, automated guided vehicle, blockchain in manufacturing, and AR and VR in manufacturing.
The major industries of smart manufacturing platform in the market are process industry and discrete industry.
The major players in the market are Stratatys Ltd., 3D Systems, Inc., Daifuku Co., Ltd., Honeywell International Inc., Rockwell Automation, Inc., and Siemens AG, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Information Technology |
|
| Breakup by Enabling Technology |
|
| Breakup by Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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