The Smart Manufacturing Market is expected to grow at a CAGR of 10% during the forecasting period 2024-2031.
The Smart Manufacturing Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Smart Manufacturing Market encompasses the adoption of advanced technologies such as IoT, AI, robotics, and data analytics to optimize production processes, enhance efficiency, and reduce costs. It integrates real-time monitoring, automation, and predictive maintenance, enabling manufacturers to improve product quality, agility, and sustainability while responding swiftly to market demands and operational challenges.
Recent Key Developments of United States:
✅ November 2025: Cal Poly Pomona received $7.5 million to establish a National Smart Manufacturing Research Center, focusing on research and innovation in intelligent production technologies.
✅ October 2025: Rensselaer Polytechnic Institute launched the Center for Smart Convergent Manufacturing Systems (CSCMS) on October 23, integrating robotics, AI, and advanced processing to create adaptive intelligent systems and boost New York's economic growth.
✅ September 2025: CESMII highlighted advancements in smart manufacturing through presentations on transformation paths, foundational building blocks, and a new Manufacturing Information Modeling course to drive efficiency and competitiveness.
Recent Key Developments of Europe:
✅ November 2025: Delta showcased scalable smart manufacturing solutions with human-machine collaboration safety, including the D-Bot Robot Platform and Functional Safety systems, at SPS Nuremberg from November 25-27.
✅ October 2025: TIG - The Innovation Group hosted the Smart Manufacturing Conference on October 23 in Milan, exploring data strategies, ERP/MES evolution, Virtual Twins, and Industrial AI through case studies for operational optimization.
✅ September 2025: The Digital Twin on Smart Manufacturing Erasmus+ project advanced to its pilot phase on September 17-18, establishing five physical labs across Italy, Spain, Greece, Bulgaria, and Sweden, alongside virtual labs for hands-on smart manufacturing training.
List of the Key Players in the Smart Manufacturing Market:
3D Systems Inc.
ABB
Cisco
Cognex Corporation
Intel Corporation
NVIDIA Corporation
Emerson Electric Co.
General Electric
Honeywell International Inc.
IBM Corporation
Oracle
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