Product Code: ETC13394843 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global IoT in Manufacturing Market was valued at USD 79.3 Billion in 2024 and is expected to reach USD 167.2 Billion by 2031, growing at a compound annual growth rate of 14.10% during the forecast period (2025-2031).
The Global IoT in Manufacturing Market is experiencing significant growth driven by the increasing adoption of Industry 4.0 technologies. IoT solutions in manufacturing enable real-time monitoring, predictive maintenance, and process optimization, leading to improved efficiency, reduced downtime, and cost savings. Key trends in the market include the integration of IoT with artificial intelligence, machine learning, and big data analytics to enhance decision-making and automation. The adoption of Industrial IoT devices and sensors is growing across various sectors such as automotive, aerospace, electronics, and pharmaceuticals. Challenges in the market include concerns over data security, interoperability issues, and the need for skilled workforce to manage IoT systems. Overall, the Global IoT in Manufacturing Market is poised for continued expansion as companies seek to digitize and modernize their operations.
The Global IoT in Manufacturing Market is experiencing significant growth with the increasing adoption of Industry 4.0 technologies. Key trends include the integration of IoT devices with artificial intelligence and machine learning to enhance predictive maintenance and streamline operations. Opportunities in the market are driven by the growing demand for real-time data analytics, remote monitoring capabilities, and improved supply chain management in the manufacturing sector. The deployment of IoT solutions for asset tracking, inventory management, and quality control is expected to drive further market expansion. Additionally, the rise of smart factories and the development of 5G technology are poised to revolutionize manufacturing processes, offering new avenues for efficiency and innovation in the IoT space.
The Global IoT in Manufacturing Market faces several challenges, including cybersecurity concerns due to the interconnected nature of IoT devices, interoperability issues between different devices and systems, data privacy risks, and the high initial investment required for implementing IoT solutions. Additionally, the complexity of integrating IoT technologies with existing manufacturing processes and legacy systems can present hurdles for companies looking to adopt IoT in their operations. Furthermore, ensuring the reliability and scalability of IoT networks, managing vast amounts of data generated by IoT devices, and addressing potential regulatory compliance issues are key challenges faced by manufacturers in leveraging IoT technology effectively to drive innovation and efficiency in their operations.
The Global IoT in Manufacturing Market is primarily driven by the increasing adoption of Industrial Internet of Things (IIoT) technologies to enhance operational efficiency, reduce downtime, and improve overall productivity in the manufacturing sector. The demand for real-time monitoring and predictive maintenance solutions, along with the integration of automation and data analytics tools, is fueling the growth of IoT in manufacturing. Additionally, the burgeoning trend of Industry 4.0, which focuses on the digital transformation of manufacturing processes, is further driving the adoption of IoT solutions to enable smart factories and connected systems. The need for cost reduction, improved quality control, and streamlined supply chain management is also propelling the expansion of the IoT in manufacturing market as companies seek to gain a competitive edge in the industry.
Government policies related to the Global IoT in Manufacturing Market aim to promote the adoption of IoT technologies in manufacturing industries while also addressing concerns regarding data security and privacy. Various countries have implemented initiatives such as tax incentives, funding support for research and development, and regulatory frameworks to encourage the integration of IoT in manufacturing processes. Additionally, governments are focusing on establishing standards and guidelines to ensure interoperability and data protection across IoT devices and networks. These policies are designed to enhance productivity, efficiency, and competitiveness in the manufacturing sector while safeguarding against potential risks associated with IoT implementation.
The Global IoT in Manufacturing Market is poised for significant growth in the coming years as manufacturers increasingly adopt IoT technology to optimize operations, improve efficiency, and reduce costs. Factors driving this growth include the rise of Industry 4.0, increasing demand for automation and connectivity in manufacturing processes, and the need for real-time data analytics to enhance decision-making. Key trends shaping the future of this market include the integration of IoT with other advanced technologies like AI and machine learning, the development of secure and scalable IoT solutions, and the expansion of IoT applications beyond traditional manufacturing sectors. As IoT continues to revolutionize the manufacturing industry by enabling predictive maintenance, remote monitoring, and enhanced supply chain visibility, the market is expected to witness substantial expansion and innovation in the years ahead.
In the Global IoT in Manufacturing Market, Asia Pacific is expected to witness significant growth due to the rapid industrialization and adoption of advanced technologies in countries like China, Japan, and India. North America is a key player in IoT implementation in manufacturing, driven by the presence of tech giants and a strong focus on innovation. Europe boasts a mature manufacturing sector and stringent regulations promoting IoT adoption for operational efficiency. The Middle East and Africa region is gradually embracing IoT in manufacturing to improve productivity and competitiveness. Latin America is experiencing steady growth in IoT adoption in manufacturing, supported by increasing investments in smart manufacturing technologies. Overall, these regional insights highlight the diverse landscape of IoT adoption in the manufacturing sector across different parts of the world.
Global IoT 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 IoT in Manufacturing Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global IoT in Manufacturing Market Revenues & Volume, 2021 & 2031F |
3.3 Global IoT in Manufacturing Market - Industry Life Cycle |
3.4 Global IoT in Manufacturing Market - Porter's Five Forces |
3.5 Global IoT in Manufacturing Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global IoT in Manufacturing Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 Global IoT in Manufacturing Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.8 Global IoT in Manufacturing Market Revenues & Volume Share, By Services , 2021 & 2031F |
3.9 Global IoT in Manufacturing Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Global IoT in Manufacturing Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.11 Global IoT in Manufacturing Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Global IoT in Manufacturing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global IoT in Manufacturing Market Trends |
6 Global IoT in Manufacturing Market, 2021 - 2031 |
6.1 Global IoT in Manufacturing Market, Revenues & Volume, By Component , 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global IoT in Manufacturing Market, Revenues & Volume, By Solutions Network Management , 2021 - 2031 |
6.1.3 Global IoT in Manufacturing Market, Revenues & Volume, By Data Management, 2021 - 2031 |
6.2 Global IoT in Manufacturing Market, Revenues & Volume, By Vertical , 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global IoT in Manufacturing Market, Revenues & Volume, By Process, 2021 - 2031 |
6.2.3 Global IoT in Manufacturing Market, Revenues & Volume, By Discrete, 2021 - 2031 |
6.3 Global IoT in Manufacturing Market, Revenues & Volume, By Services , 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global IoT in Manufacturing Market, Revenues & Volume, By Professional, 2021 - 2031 |
6.3.3 Global IoT in Manufacturing Market, Revenues & Volume, By Managed, 2021 - 2031 |
6.4 Global IoT in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global IoT in Manufacturing Market, Revenues & Volume, By Predictive maintenance, 2021 - 2031 |
6.4.3 Global IoT in Manufacturing Market, Revenues & Volume, By Business process optimization, 2021 - 2031 |
6.4.4 Global IoT in Manufacturing Market, Revenues & Volume, By Asset tracking and management, 2021 - 2031 |
6.4.5 Global IoT in Manufacturing Market, Revenues & Volume, By Logistics and supply chain management, 2021 - 2031 |
6.4.6 Global IoT in Manufacturing Market, Revenues & Volume, By Real-time workforce tracking and management, 2021 - 2031 |
6.4.7 Global IoT in Manufacturing Market, Revenues & Volume, By Automation control and management, 2021 - 2031 |
6.4.8 Global IoT in Manufacturing Market, Revenues & Volume, By Emergency and incident management and business communication, 2021 - 2031 |
6.5 Global IoT in Manufacturing Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global IoT in Manufacturing Market, Revenues & Volume, By On-premises, 2021 - 2031 |
6.5.3 Global IoT in Manufacturing Market, Revenues & Volume, By Cloud, 2021 - 2031 |
6.6 Global IoT in Manufacturing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
6.6.1 Overview & Analysis |
6.6.2 Global IoT in Manufacturing Market, Revenues & Volume, By Small and Medium Enterprises, 2021 - 2031 |
6.6.3 Global IoT in Manufacturing Market, Revenues & Volume, By Large Enterprises, 2021 - 2031 |
7 North America IoT in Manufacturing Market, Overview & Analysis |
7.1 North America IoT in Manufacturing Market Revenues & Volume, 2021 - 2031 |
7.2 North America IoT in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
7.3 North America IoT in Manufacturing Market, Revenues & Volume, By Component , 2021 - 2031 |
7.4 North America IoT in Manufacturing Market, Revenues & Volume, By Vertical , 2021 - 2031 |
7.5 North America IoT in Manufacturing Market, Revenues & Volume, By Services , 2021 - 2031 |
7.6 North America IoT in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
7.7 North America IoT in Manufacturing Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
7.8 North America IoT in Manufacturing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8 Latin America (LATAM) IoT in Manufacturing Market, Overview & Analysis |
8.1 Latin America (LATAM) IoT in Manufacturing Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) IoT in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) IoT in Manufacturing Market, Revenues & Volume, By Component , 2021 - 2031 |
8.4 Latin America (LATAM) IoT in Manufacturing Market, Revenues & Volume, By Vertical , 2021 - 2031 |
8.5 Latin America (LATAM) IoT in Manufacturing Market, Revenues & Volume, By Services , 2021 - 2031 |
8.6 Latin America (LATAM) IoT in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
8.7 Latin America (LATAM) IoT in Manufacturing Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
8.8 Latin America (LATAM) IoT in Manufacturing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
9 Asia IoT in Manufacturing Market, Overview & Analysis |
9.1 Asia IoT in Manufacturing Market Revenues & Volume, 2021 - 2031 |
9.2 Asia IoT in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia IoT in Manufacturing Market, Revenues & Volume, By Component , 2021 - 2031 |
9.4 Asia IoT in Manufacturing Market, Revenues & Volume, By Vertical , 2021 - 2031 |
9.5 Asia IoT in Manufacturing Market, Revenues & Volume, By Services , 2021 - 2031 |
9.6 Asia IoT in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
9.7 Asia IoT in Manufacturing Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
9.8 Asia IoT in Manufacturing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
10 Africa IoT in Manufacturing Market, Overview & Analysis |
10.1 Africa IoT in Manufacturing Market Revenues & Volume, 2021 - 2031 |
10.2 Africa IoT in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa IoT in Manufacturing Market, Revenues & Volume, By Component , 2021 - 2031 |
10.4 Africa IoT in Manufacturing Market, Revenues & Volume, By Vertical , 2021 - 2031 |
10.5 Africa IoT in Manufacturing Market, Revenues & Volume, By Services , 2021 - 2031 |
10.6 Africa IoT in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
10.7 Africa IoT in Manufacturing Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
10.8 Africa IoT in Manufacturing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
11 Europe IoT in Manufacturing Market, Overview & Analysis |
11.1 Europe IoT in Manufacturing Market Revenues & Volume, 2021 - 2031 |
11.2 Europe IoT in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe IoT in Manufacturing Market, Revenues & Volume, By Component , 2021 - 2031 |
11.4 Europe IoT in Manufacturing Market, Revenues & Volume, By Vertical , 2021 - 2031 |
11.5 Europe IoT in Manufacturing Market, Revenues & Volume, By Services , 2021 - 2031 |
11.6 Europe IoT in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
11.7 Europe IoT in Manufacturing Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
11.8 Europe IoT in Manufacturing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
12 Middle East IoT in Manufacturing Market, Overview & Analysis |
12.1 Middle East IoT in Manufacturing Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East IoT in Manufacturing Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey IoT in Manufacturing Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East IoT in Manufacturing Market, Revenues & Volume, By Component , 2021 - 2031 |
12.4 Middle East IoT in Manufacturing Market, Revenues & Volume, By Vertical , 2021 - 2031 |
12.5 Middle East IoT in Manufacturing Market, Revenues & Volume, By Services , 2021 - 2031 |
12.6 Middle East IoT in Manufacturing Market, Revenues & Volume, By Application, 2021 - 2031 |
12.7 Middle East IoT in Manufacturing Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
12.8 Middle East IoT in Manufacturing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
13 Global IoT in Manufacturing Market Key Performance Indicators |
14 Global IoT in Manufacturing Market - Export/Import By Countries Assessment |
15 Global IoT in Manufacturing Market - Opportunity Assessment |
15.1 Global IoT in Manufacturing Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global IoT in Manufacturing Market Opportunity Assessment, By Component , 2021 & 2031F |
15.3 Global IoT in Manufacturing Market Opportunity Assessment, By Vertical , 2021 & 2031F |
15.4 Global IoT in Manufacturing Market Opportunity Assessment, By Services , 2021 & 2031F |
15.5 Global IoT in Manufacturing Market Opportunity Assessment, By Application, 2021 & 2031F |
15.6 Global IoT in Manufacturing Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
15.7 Global IoT in Manufacturing Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
16 Global IoT in Manufacturing Market - Competitive Landscape |
16.1 Global IoT in Manufacturing Market Revenue Share, By Companies, 2024 |
16.2 Global IoT in Manufacturing Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |