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IoT in Manufacturing Market Forecast: Value Set To Climb From $389.55 Billion To $710.98 Billion
The iot in manufacturing market size has experienced rapid growth in recent years. It is projected to expand from $332.21 billion in 2025 to $389.55 billion in 2026, achieving a compound annual growth rate (CAGR) of 17.3%. Historically, this expansion can be attributed to several factors including the automation of production processes, the need to reduce equipment downtime, escalating labor costs, the adoption of smart sensors, and the demand for operational efficiency.
The iot in manufacturing market size is projected to experience substantial expansion over the upcoming years. It is anticipated to reach $710.98 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.2%. This expansion during the forecast period is fueled by factors such as the integration of AI with industrial IoT, the proliferation of smart manufacturing initiatives, increased investment in edge computing, a growing demand for real-time analytics, and the development of connected factory ecosystems. Significant trends expected in this period encompass predictive maintenance solutions, the integration of smart factories, real-time production monitoring, the advancement of industrial IoT platforms, and the utilization of edge computing for manufacturing.
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IoT in Manufacturing Market Development Factors: What’s Supporting Demand?
The expanding application of artificial intelligence is projected to propel the market growth of IoT in manufacturing in the future. Artificial Intelligence (AI) entails machines, particularly computer systems, imitating human intelligence processes. The integration of AI and IoT in the manufacturing sector presents considerable potential to elevate operational excellence, efficiency, and overall profitability. For instance, in March 2025, as per the Office for National Statistics, a UK-based government department, 2023 saw artificial intelligence (AI) adopted by 9% of firms, while cloud-based computing systems and applications were utilized by 69% of firms in the UK. Hence, the rising adoption of artificial intelligence is fueling the expansion of the IoT in the manufacturing market.
IoT in Manufacturing Market Segment Breakdown: Which Categories Lead On Revenue?
The iot in manufacturing market covered in this report is segmented –
1) By Component: Solution, Platform, Service
2) By Vertical: Energy And Utilities, Automotive, Food And Beverages, Aerospace And Defense, Chemicals And Materials, High-Tech Products, Healthcare
3) By Platform: Device Management Platform, Application Management Platform, Connectivity Management Platform
4) By Application: Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency And Incident Management, Logistics And Supply Chain Management, Inventory Management
Subsegments:
1) By Solution: Hardware, Software
2) By Platform: IoT Platform, Cloud Platform, Edge Computing Platform
3) By Service: Professional Services, Managed Services
IoT in Manufacturing Market Transformation Trends: What Innovations Are Driving Change?
Companies operating within the IoT in Manufacturing market are primarily focused on developing innovative new products, such as the SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs), to enhance their market profitability. The SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs) is designed to assist engineers in implementing highly reliable, secure, and efficient Wi-Fi connections at a reasonable cost for applications required to operate in high-density or high-temperature environments reaching up to 105°C. For example, in April 2023, Texas Instruments (TI), a US-based semiconductor manufacturing company, introduced a new SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs). When utilized with a microcontroller (MCU) or CPU, the CC33xx devices offer a secure Internet of Things (IoT) connection with dependable radio frequency (RF) performance in diverse industrial sectors such as grid infrastructure, healthcare, and building automation.
IoT in Manufacturing Market Leading Players And Competitive Positioning
Major companies operating in the iot in manufacturing market are Microsoft Corporation, SAP SE, Robert Bosch GmbH, International Business Machines Corporation, Cisco Systems Inc., General Electric Company, Huawei Technologies Co. Ltd., PTC Inc., Zebra Technologies Corporation, Siemens Aktiengesellschaft, Rockwell Automation Inc., Wind River Systems Inc., Schneider Electric SE, ClearBlade Inc., Mocana Corporation, Impinj Inc., Uptake Technologies Inc., ARCSTONE Pte. Ltd., Software AG, Texas Instruments Incorporated, Hitachi Ltd., Konux GmbH, Honeywell International Inc., Intel Corporation, ABB Ltd., Mitsubishi Electric Corporation, Fujitsu Limited, Accenture plc, Oracle Corporation, Hewlett Packard Enterprise Development LP, Dell Technologies Inc., Amazon Web Services Inc., Fanuc Corporation, Kuka AG, Yaskawa Electric Corporation
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IoT in Manufacturing Market Largest Region: Which Geography Holds The Biggest Share?
Asia-Pacific was the largest region in the IoT market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot in manufacturing market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
