Smart Manufacturing Market Size

Smart Manufacturing Market size was valued at USD 144.49 billion in 2024 and is set to reach USD 1.82 trillion by the end of 2037, expanding at around 21.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart manufacturing is assessed at USD 169.34 billion.  It is further estimated to grow steadily with a robust CAGR of during the forecast period. The rising emphasis on adopting Industry 4.0 solutions and services that helps in using modern technology in everyday manufacturing is estimated to favor the growth of the global smart manufacturing market size during the forecasted timeline. The global industry 4.0 sector is anticipated to grow with 16% CAGR and reach USD 400 Billion by 2035.

In the recent period, the escalation in the government’s engagement in supporting manufacturing processes to strengthen the economies along with the increasing complexities in the supply chain is anticipated to intensify the market value of the global smart manufacturing market. Furthermore, the need to reduce time, cost, and human intervention in order to scale up the various manufacturing processes is also predicted to fuel market growth.