Global IoT in Manufacturing
Market Report
2024
The global IoT in Manufacturing market size USD 50.0 billion in 2024. The IoT in the Manufacturing market will show the strongest growth with compound annual growth rate (CAGR) of 11.9% from 2024 to 2031. This growth can be attributed to increasing dependence on automated technology.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global IoT in Manufacturing market size is USD 50.0 billion in 2024 & will expand at compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Element |
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Market Split by Technology |
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Market Split by Throughput Capacity |
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Market Split by Port Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of IoT in Manufacturing industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
IoT in Manufacturing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Internet of Things (IoT) in manufacturing refers to the incorporation of interconnected devices, sensors, and systems into production processes. These smart gadgets collect, exchange, and analyze data in order to optimize production, increase efficiency, and minimize costs. The Internet of Things provides real-time monitoring, predictive maintenance, and automation, converting traditional manufacturing into a more elegant and intelligent operation. One key driver of IoT adoption in manufacturing is the desire for better operational efficiency. Manufacturers may accomplish real-time monitoring and predictive maintenance by integrating IoT technologies, resulting in reduced downtime and expenses. This results in increased production, optimum resource usage, and improved product quality, offering a competitive edge in the market.
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In March 2024, GE HealthCare introduced Caption AI, an AI-powered program that allows for quick heart assessments right on the spot using Vscan Air SL. Clinical decision-making in cardiac settings is now more informed by the use of automatic ejection fraction estimation and real-time, step-by-step instructions for capturing diagnostic-quality images made possible by Caption AI technology, which is available to physicians utilizing the Vscan Air SL handheld ultrasound. (Source:https://www.gehealthcare.com/about/newsroom/press-releases/ge-healthcare-introduces-caption-ai-on-vscan-air-sl-wireless-handheld-ultrasound-system-to-help-more-clinicians-capture-diagnostic-quality-cardiac-images)
Top Companies Market Share in IoT in Manufacturing Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 & accounted for around 40% of the global revenue. The North American IoT in Manufacturing market is fueled by increased technology adoption, substantial investment in Industry 4.0, and a robust industrial base. The United States and Canada lead, benefiting from robust infrastructure and innovation environments.
The IoT in Manufacturing market in Asia-Pacific is quickly expanding, thanks to technical improvements, increased industrial automation, and government efforts. China, Japan, and South Korea are key markets with a focus on smart factories and efficiency improvements.
The current report Scope analyzes IoT in Manufacturing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global IoT in Manufacturing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing IoT in Manufacturing Industry growth. IoT in Manufacturing market has been segmented with the help of its Element, Technology Throughput Capacity, and others. IoT in Manufacturing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for IoT in Manufacturing market.
Element of IoT in Manufacturing analyzed in this report are as follows:
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According to cognitive market research, solutions are the dominant category. The IoT in Manufacturing market category is evaluated in terms of components, such as solutions and services. Solutions include both hardware (sensors, RFID tags, and gateways) and software (analytics, monitoring, and control systems). These technologies offer real-time data gathering, processing, and administration, resulting in improved operational efficiency and decision-making. IoT solutions account for a sizable market share, driven by the adoption of smart manufacturing techniques and the demand for increased efficiency and predictive maintenance.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global IoT in Manufacturing Market is witnessing significant growth in the near future.
In 2023, the Terminal Automation & Cargo Handling segment accounted for noticeable share of global IoT in Manufacturing Market and is projected to experience significant growth in the near future.
The Internet of Things (IoT) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABB (Switzerland) , Accenture (Ireland) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Element | Terminal Automation & Cargo Handling, Port Community Systems (PCS), Smart Safety & Security, Traffic Management Systems (TMS), IoT in Manufacturing Infrastructure |
Technology | Internet of Things (IoT), Blockchain, Process Automation, Artificial Intelligence (AI) |
Throughput Capacity | Extensively Busy Ports, Moderately Busy Ports, Scarcely Busy Ports |
Port Type | Seaport, Proactive |
List of Competitors | ABB (Switzerland), Siemens (Germany), Accenture (Ireland), General Electric (US), Microsoft (US), IBM (US), Port of Rotterdam (Netherlands), Royal Haskoning (Netherlands), Trelleborg (Sweden), TCS (India), Kalmar (Finland), Ramboll Group (Denmark), Navis (US), Wipro (India) |
This chapter will help you gain GLOBAL Market Analysis of IoT in Manufacturing. Further deep in this chapter, you will be able to review Global IoT in Manufacturing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Element Analysis 2019 -2031, will provide market size split by Element. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Element Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Technology Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Throughput Capacity Analysis 2019 -2031
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Chapter 13 Market Split by Port Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global IoT in Manufacturing market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Terminal Automation & Cargo Handling have a significant impact on IoT in Manufacturing market? |
What are the key factors affecting the Terminal Automation & Cargo Handling and Port Community Systems (PCS) of IoT in Manufacturing Market? |
What is the CAGR/Growth Rate of Internet of Things (IoT) during the forecast period? |
By type, which segment accounted for largest share of the global IoT in Manufacturing Market? |
Which region is expected to dominate the global IoT in Manufacturing Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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