Product Code: ETC13325522 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Internet of Things in Manufacturing Market was valued at USD 35 Billion in 2024 and is expected to reach USD 51.1 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Internet of Things (IoT) in Manufacturing Market is witnessing significant growth driven by the increasing adoption of smart technologies in the industrial sector. IoT enables manufacturers to enhance operational efficiency, reduce downtime, and improve overall productivity by connecting machines, devices, and sensors to gather real-time data for analysis and decision-making. Key factors driving market growth include the rising demand for predictive maintenance, automation of manufacturing processes, and the need for seamless connectivity across the production line. Additionally, advancements in technologies such as cloud computing, big data analytics, and artificial intelligence are further propelling the IoT in manufacturing market. Key players in this market include Siemens AG, IBM, Cisco Systems, and General Electric, among others. The market is expected to continue its growth trajectory as industries increasingly embrace digital transformation initiatives.
The Global Internet of Things (IoT) in Manufacturing Market is witnessing significant growth driven by the increasing adoption of Industry 4.0 practices. Key trends include the integration of IoT devices with advanced analytics and machine learning algorithms for predictive maintenance, improved operational efficiency, and cost savings. Additionally, the rise of edge computing and cloud platforms is enabling real-time data processing and decision-making in manufacturing environments. Opportunities in the market include the development of customized IoT solutions for specific industry verticals, such as automotive, aerospace, and consumer electronics, as well as the expansion of IoT applications in supply chain management and logistics. Overall, the IoT in Manufacturing market is poised for rapid expansion as companies increasingly leverage connected devices and data analytics to drive innovation and competitiveness.
One of the key challenges faced in the Global Internet of Things (IoT) in Manufacturing market is ensuring data security and privacy. With the increasing interconnectedness of devices and systems in manufacturing facilities, there is a growing concern about the vulnerability of these networks to cyber threats and hacking. Manufacturers need to implement robust cybersecurity measures to protect sensitive data, intellectual property, and operational systems from potential breaches. Additionally, interoperability issues between different IoT devices and platforms can hinder seamless integration and data sharing, leading to inefficiencies and compatibility issues. Overcoming these challenges requires collaboration between manufacturers, technology providers, and regulatory bodies to establish industry standards, protocols, and best practices for a secure and interconnected IoT ecosystem in the manufacturing sector.
The Global Internet of Things (IoT) in Manufacturing Market is being primarily driven by the increasing adoption of automation and digital technologies in manufacturing processes to enhance operational efficiency, reduce downtime, and improve overall productivity. The growing demand for real-time monitoring and predictive maintenance to prevent equipment failures and optimize resources is also fueling the adoption of IoT solutions in manufacturing. Furthermore, the push towards Industry 4.0 initiatives, which aim to create smart factories with interconnected systems and data-driven decision-making, is driving the integration of IoT devices and sensors in manufacturing operations. The need for cost reduction, improved supply chain management, and enhanced product quality are additional factors propelling the growth of IoT in the manufacturing sector worldwide.
Government policies related to the Global Internet of Things in Manufacturing Market primarily focus on promoting innovation, standardization, and cybersecurity in order to facilitate the adoption and growth of IoT technologies in manufacturing. Countries have introduced regulations that aim to ensure data privacy, protection, and secure communication within IoT systems. Additionally, governments are investing in infrastructure development, research, and training programs to support the integration of IoT in manufacturing processes. Some governments also offer tax incentives and subsidies to encourage manufacturers to implement IoT solutions and enhance productivity and efficiency in their operations. Overall, the regulatory landscape for IoT in manufacturing is evolving rapidly as governments recognize the potential economic benefits and competitive advantages of embracing IoT technologies.
The Global Internet of Things (IoT) in Manufacturing Market is poised for significant growth in the coming years, driven by the increasing adoption of smart technologies and automation in the manufacturing industry. The integration of IoT devices and sensors in manufacturing processes enables real-time monitoring, predictive maintenance, and improved operational efficiency. The market is expected to witness a surge in demand for IoT solutions that can optimize production processes, enhance supply chain management, and enable remote monitoring and control of equipment. With advancements in cloud computing, big data analytics, and artificial intelligence, IoT in manufacturing is projected to revolutionize the industry by enabling smarter decision-making, reducing downtime, and enhancing overall productivity. As manufacturers increasingly embrace Industry 4.0 principles, the Global IoT in Manufacturing Market is anticipated to experience rapid expansion and innovation in the years ahead.
In the Global Internet of Things in Manufacturing Market, Asia is expected to witness significant growth due to the rapid adoption of smart manufacturing technologies by countries like China, Japan, and South Korea. North America is a key player in the market, driven by advanced IoT infrastructure and a strong focus on Industry 4.0 initiatives. Europe is also a prominent region, with countries such as Germany and France leading the way in implementing IoT solutions for manufacturing efficiency. The Middle East and Africa are gradually embracing IoT in manufacturing, supported by government initiatives and increasing investments in industrial automation. Latin America is poised for growth, with rising awareness about the benefits of IoT in manufacturing and increasing collaborations between technology providers and local industries.
Global Internet of Things in Manufacturing Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Internet of Things in Manufacturing Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Internet of Things in Manufacturing Market Revenues & Volume, 2021 & 2031F |
3.3 Global Internet of Things in Manufacturing Market - Industry Life Cycle |
3.4 Global Internet of Things in Manufacturing Market - Porter's Five Forces |
3.5 Global Internet of Things in Manufacturing Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Internet of Things in Manufacturing Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Global Internet of Things in Manufacturing Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Internet of Things in Manufacturing Market Revenues & Volume Share, By Industry Verticals, 2021 & 2031F |
3.9 Global Internet of Things in Manufacturing Market Revenues & Volume Share, By Connectivity Technology, 2021 & 2031F |
4 Global Internet of Things in Manufacturing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Internet of Things in Manufacturing Market Trends |
6 Global Internet of Things in Manufacturing Market, 2021 - 2031 |
6.1 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Component, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Hardware (sensors, actuators, gateways) , 2021 - 2031 |
6.1.3 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Software (data analytics, application platforms, network management) , 2021 - 2031 |
6.1.4 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Services (system integration, consulting, maintenance) , 2021 - 2031 |
6.2 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Predictive maintenance , 2021 - 2031 |
6.2.3 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Asset performance management , 2021 - 2031 |
6.2.4 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Quality control , 2021 - 2031 |
6.2.5 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Production monitoring , 2021 - 2031 |
6.2.6 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Supply chain optimization , 2021 - 2031 |
6.2.7 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Energy management , 2021 - 2031 |
6.2.8 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Workforce management , 2021 - 2031 |
6.3 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Automotive , 2021 - 2031 |
6.3.3 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Electronics and semiconductors , 2021 - 2031 |
6.3.4 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Chemical and materials , 2021 - 2031 |
6.3.5 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Food and beverage , 2021 - 2031 |
6.3.6 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Machinery manufacturing , 2021 - 2031 |
6.4 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Connectivity Technology, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Cellular networks (4G, 5G) , 2021 - 2031 |
6.4.3 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Wi-Fi , 2021 - 2031 |
6.4.4 Global Internet of Things in Manufacturing Market, Revenues & Volume, By Bluetooth , 2021 - 2031 |
6.4.5 Global Internet of Things in Manufacturing Market, Revenues & Volume, By RFID , 2021 - 2031 |
6.4.6 Global Internet of Things in Manufacturing Market, Revenues & Volume, By NFC , 2021 - 2031 |
7 North America Internet of Things in Manufacturing Market, Overview & Analysis |
7.1 North America Internet of Things in Manufacturing Market Revenues & Volume, 2021 - 2031 |
7.2 North America Internet of Things in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Internet of Things in Manufacturing Market, Revenues & Volume, By Component, 2021 - 2031 |
7.4 North America Internet of Things in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Internet of Things in Manufacturing Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
7.6 North America Internet of Things in Manufacturing Market, Revenues & Volume, By Connectivity Technology, 2021 - 2031 |
8 Latin America (LATAM) Internet of Things in Manufacturing Market, Overview & Analysis |
8.1 Latin America (LATAM) Internet of Things in Manufacturing Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Internet of Things in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Internet of Things in Manufacturing Market, Revenues & Volume, By Component, 2021 - 2031 |
8.4 Latin America (LATAM) Internet of Things in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Internet of Things in Manufacturing Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
8.6 Latin America (LATAM) Internet of Things in Manufacturing Market, Revenues & Volume, By Connectivity Technology, 2021 - 2031 |
9 Asia Internet of Things in Manufacturing Market, Overview & Analysis |
9.1 Asia Internet of Things in Manufacturing Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Internet of Things in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Internet of Things in Manufacturing Market, Revenues & Volume, By Component, 2021 - 2031 |
9.4 Asia Internet of Things in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Internet of Things in Manufacturing Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
9.6 Asia Internet of Things in Manufacturing Market, Revenues & Volume, By Connectivity Technology, 2021 - 2031 |
10 Africa Internet of Things in Manufacturing Market, Overview & Analysis |
10.1 Africa Internet of Things in Manufacturing Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Internet of Things in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Internet of Things in Manufacturing Market, Revenues & Volume, By Component, 2021 - 2031 |
10.4 Africa Internet of Things in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Internet of Things in Manufacturing Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
10.6 Africa Internet of Things in Manufacturing Market, Revenues & Volume, By Connectivity Technology, 2021 - 2031 |
11 Europe Internet of Things in Manufacturing Market, Overview & Analysis |
11.1 Europe Internet of Things in Manufacturing Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Internet of Things in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Internet of Things in Manufacturing Market, Revenues & Volume, By Component, 2021 - 2031 |
11.4 Europe Internet of Things in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Internet of Things in Manufacturing Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
11.6 Europe Internet of Things in Manufacturing Market, Revenues & Volume, By Connectivity Technology, 2021 - 2031 |
12 Middle East Internet of Things in Manufacturing Market, Overview & Analysis |
12.1 Middle East Internet of Things in Manufacturing Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Internet of Things in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Internet of Things in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Internet of Things in Manufacturing Market, Revenues & Volume, By Component, 2021 - 2031 |
12.4 Middle East Internet of Things in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Internet of Things in Manufacturing Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
12.6 Middle East Internet of Things in Manufacturing Market, Revenues & Volume, By Connectivity Technology, 2021 - 2031 |
13 Global Internet of Things in Manufacturing Market Key Performance Indicators |
14 Global Internet of Things in Manufacturing Market - Export/Import By Countries Assessment |
15 Global Internet of Things in Manufacturing Market - Opportunity Assessment |
15.1 Global Internet of Things in Manufacturing Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Internet of Things in Manufacturing Market Opportunity Assessment, By Component, 2021 & 2031F |
15.3 Global Internet of Things in Manufacturing Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Internet of Things in Manufacturing Market Opportunity Assessment, By Industry Verticals, 2021 & 2031F |
15.5 Global Internet of Things in Manufacturing Market Opportunity Assessment, By Connectivity Technology, 2021 & 2031F |
16 Global Internet of Things in Manufacturing Market - Competitive Landscape |
16.1 Global Internet of Things in Manufacturing Market Revenue Share, By Companies, 2024 |
16.2 Global Internet of Things in Manufacturing Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |