Smart Manufacturing Market Segmentation:
Component
The software segment is expected to hold a revenue of 38% during the forecast period, as various companies are collaborating to introduce AI-assisted programs into manufacturing processes, which helps accelerate automation and improve output efficiency. In October 2023, Microsoft and Siemens released the Siemens Industrial Copilot as a generative AI assistant that optimizes automation code while reducing the simulation processes from weeks to minutes. The tool is already assisting companies such as Schaeffler AG to improve their engineering process efficiency. In addition, the integration of Microsoft Teams with Siemens Teamcenter is facilitating cross-functional collaboration in real-time across factory operations.
Companies are developing their own ERP platforms to help build internal resources while decreasing dependence on foreign software providers. In April 2023, Huawei introduced MetaERP, a proprietary enterprise resource planning system designed to replace its legacy solutions. The system supports the complete business scenarios of the company and processes operational data equivalent to 80% of its total volume, making it a critical platform for self-reliant digital transformation. Such developments are creating lucrative opportunities for the smart manufacturing market.
End-Use
The automotive segment is expected to account for a share of 32% during the forecast period. The automotive companies are increasingly implementing lean asset strategies as they help control rising expenses from inflation while maximizing investments toward electric mobility. For instance, in March 2025, Mazda Motor announced measures to maintain its electrification investments at 1.5 trillion yen until 2030. The approach is utilizing existing production lines to build new EV models, that is reducing the necessary investments by 85% and cuts the manufacturing times by 80%. Such developments are fueling the market growth.
Our in-depth analysis of the global smart manufacturing market includes the following segments:
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