Smart Manufacturing Platforms Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Use of Industrial Automation Worldwide
- Rising Adoption of IoT and Cloud Technologies
Challenges
- Complex Integration of Smart Manufacturing Platforms
- Security Concerns Regarding Wireless Networking
Smart Manufacturing Platforms Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
18.3% |
|
Base Year Market Size (2024) |
USD 10.09 billion |
|
Forecast Year Market Size (2037) |
USD 89.68 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of smart manufacturing platforms is evaluated at USD 11.66 billion.
Smart Manufacturing Platforms Market size was over USD 10.09 billion in 2024 and is poised to exceed USD 89.68 billion by 2037, growing at over 18.3% CAGR during the forecast period i.e., between 2025-2037.
North America industry is set to dominate majority revenue share by 2037, owing to increasing advancements in the IT sector and early adoption of technologies in the region.
The major players in the market are General Electric Company, Amazon Web Services, Inc., Emerson Electric Co., Fujitsu Limited, PTC Inc., among others.
