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  • Writer's pictureprajakta pawar
    • Aug 28
    • 4 min read

Smart Factory and Manufacturing Market, Global Outlook and Forecast 2024-2030

The global Smart Factory and Manufacturing market was valued at US$ 209420 million in 2023 and is projected to reach US$ 394650 million by 2030, at a CAGR of 9.5% during the forecast period.  

Smart manufacturing is a combination of various technologies and solutions which collectively, if implemented in a manufacturing ecosystem. These technologies and solutions are called ?enablers?, which help in optimizing the entire manufacturing process and thus increase overall profits.

Manufacturing IT (MES, ERP, PLM, APC, EAM, etc.); Automation Control System (DCS, PLC, HMI, SCADA, FCS, etc.); Instrumentation & Field Devices (Sensors, Actuators, Drives, Valves, etc.)


This report aims to provide a comprehensive presentation of the global market for Smart Factory and Manufacturing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Factory and Manufacturing. This report contains market size and forecasts of Smart Factory and Manufacturing in global, including the following market information:



  • Global Smart Factory and Manufacturing Market Revenue, 2019-2024, 2025-2030, ($ millions)

  • Global top five companies in 2023 (%)


The main Smart Manufacturing players include GE, ABB, Siemens, SAP, Schneider, etc. The top five Smart Manufacturing players account for approximately 47% of the total global market. North America is the largest consumer market for Smart Manufacturing accounting for about 24%, followed by Europe and China. In terms of Type, Instrumentation & Field Devices is the largest segment with a share of 43%. And in terms of Applications, the largest segment is Automotive, followed by Aerospace & Defense.

We surveyed the Smart Factory and Manufacturing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Smart Factory and Manufacturing Market, by Type, 2019-2024, 2025-2030 ($ millions)

Global Smart Factory and Manufacturing Market Segment Percentages, by Type, 2023 (%)


  • Hardware

  • Software


Global Smart Factory and Manufacturing Market, by Application, 2019-2024, 2025-2030 ($ millions)

Global Smart Factory and Manufacturing Market Segment Percentages, by Application, 2023 (%)


  • Food and Beverages

  • Pharmaceuticals

  • Automotive

  • FMCG

  • Oil and Gas

  • Metal and Machining

  • Others


Global Smart Factory and Manufacturing Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions)

Global Smart Factory and Manufacturing Market Segment Percentages, By Region and Country, 2023 (%)


  • NorthNorth America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)frica


Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Smart Factory and Manufacturing revenues in global market, 2019-2024 (estimated), ($ millions)

  • Key companies Smart Factory and Manufacturing revenues share in global market, 2023 (%)


Further, the report presents profiles of competitors in the market, key players include:


  • ABB Ltd

  • Bosch Rexroth AG

  • Dassault Syst?mes

  • Emerson Electric CO.

  • Fanuc Corporation

  • General Electric

  • Honeywell International Inc.

  • IBM Corporation

  • Kuka AG

  • OMRON Corporation

  • Mitsubishi Electric Corporation

  • Rockwell Automation Inc.

  • Schneider Electric

  • Siemens AG

  • Aquarius Software

  • Hexagon AB

  • InSource Solutions

  • Litmus Automation

  • Panasonic Corporation

  • Progea International SA

  • Deloitte

  • Including or excluding key companies relevant to your analysis.


Outline of Major Chapters:

Chapter 1: Introduces the definition of Smart Factory and Manufacturing, market overview.

Chapter 2: Global Smart Factory and Manufacturing market size in revenue.

Chapter 3: Detailed analysis of Smart Factory and Manufacturing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Smart Factory and Manufacturing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports1.1 Smart Factory and Manufacturing Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Smart Factory and Manufacturing Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Smart Factory and Manufacturing Overall Market Size2.1 Global Smart Factory and Manufacturing Market Size: 2023 VS 20302.2 Global Smart Factory and Manufacturing Market Size, Prospects & Forecasts: 2019-20302.3 Key Market Trends, Opportunity, Drivers and Restraints2.3.1 Market Opportunities & Trends2.3.2 Market Drivers2.3.3 Market Restraints3 Company Landscape3.1 Top Smart Factory and Manufacturing Players in Global Market3.2 Top Global Smart Factory and Manufacturing Companies Ranked by Revenue3.3 Global Smart Factory and Manufacturing Revenue by Companies3.4 Top 3 and Top 5 Smart Factory and Manufacturing Companies in Global Market, by Revenue in 20233.5 Global Companies Smart Factory and Manufacturing Product Type3.6 Tier 1, Tier 2 and Tier 3 Smart Factory and Manufacturing Players in Global Market3.6.1 List of Global Tier 1 Smart Factory and Manufacturing Companies3.6.2 List of G

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