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IoT in Manufacturing Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The iot in manufacturing market size has experienced rapid expansion in recent years. Projections indicate it will increase from $332.21 billion in 2025 to $389.55 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 17.3%. This historic period’s growth is primarily due to factors such as the automation of production processes, the necessity to minimize equipment downtime, increasing labor expenses, the integration of smart sensors, and the push for greater operational efficiency.
The iot in manufacturing market is projected to experience substantial expansion over the upcoming years. Its valuation is anticipated to reach $710.98 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.2%. This projected increase during the forecast timeframe is attributable to factors such as the merging of AI with industrial iot, the proliferation of smart manufacturing projects, increased capital expenditure in edge computing, the necessity for real-time data analysis, and the development of interconnected factory environments. Key developments anticipated within this period encompass solutions for predictive maintenance, the incorporation of smart factories, continuous production oversight, specialized industrial iot platforms, and the application of edge computing specifically for manufacturing processes.
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#IoT in Manufacturing Market Growth Factors: Which Forces Are Supporting Market Expansion?
The anticipated expansion in the use of artificial intelligence is expected to propel the market growth of IoT in manufacturing going forward. Artificial Intelligence (AI) involves computer systems and other machines mimicking human intelligence processes. The integration of AI and IoT within the manufacturing sector presents substantial potential to elevate operational excellence, improve efficiency, and increase overall profitability. For instance, in March 2025, data from the Office for National Statistics, a UK-based government department, revealed that in 2023, 9% of firms in the UK had adopted artificial intelligence (AI), in contrast to 69% of firms that had adopted cloud-based computing systems and applications. Consequently, the increasing application of artificial intelligence is a primary force driving the growth of the IoT in manufacturing market.
IoT in Manufacturing Market Segment Analysis: What Are The Major Market Categories?
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 Trends: What Is Shaping Future Industry Growth?
Leading companies in the IoT in Manufacturing market are concentrating on developing groundbreaking products, such as the SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs), to enhance their profitability. The SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs) is engineered to assist designers in implementing highly reliable, secure, and effective Wi-Fi connections at a reasonable cost for applications operating in high-density or high-temperature conditions up to 105°C. For example, in April 2023, Texas Instruments (TI), a US-based semiconductor manufacturing company, unveiled a new SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs). When used with a microcontroller (MCU) or CPU, the CC33xx devices offer a secure Internet of Things (IoT) connection with dependable radio frequency (RF) performance across various industrial sectors like grid infrastructure, healthcare, and building automation.
IoT in Manufacturing Market Leading Companies Driving Competitive Growth
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 Geographic Landscape: Which Region Dominates Industry Growth?
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.