Smart Manufacturing Market Share

North America Market Forecast

The smart manufacturing sector in the North American region is set to hold the biggest market value with a share of about 35% by the end of 2037. The rapid adoption of advanced technologies such as IoT, and IIoT aid in enhancing productivity and lowering operational and maintenance costs is the major factor driving the market value in the region. Also, the introduction of several favorable initiatives taken by the United States government is estimated to bring lucrative growth opportunities for market growth during the next few years.

Asia Pacific Market Analysis

The Asia Pacific smart manufacturing segment is also poised to hold a significant share by growing steadily over the forecast period. Developing countries like China and India are aiming towards full automation of businesses which generates the demand for smart manufacturing services. Also, the recent increase in investment in advanced technologies by the regulatory bodies for being independent in production and manufacturing is also estimated to attract