The Global IoT in the manufacturing market is expected to grow from USD 76.70 billion in 2020 to USD 131.78 billion by 2028, at a CAGR of 7% during the forecast period 2021-2028.
The Internet of Things integrates networked sensors and intelligent devices into manufacturing processes, collecting artificial intelligence and predictive analytics. The Internet of Things is changing the way businesses in various industries, including manufacturing, operate. To date, technology has been chiefly utilized to serve enterprises and manage industrial operations and automate procedures and collect data connected to assembly activities. IoT, on the other hand, takes data collection to a whole new level. IoT facilitates collecting data from various 'Things' - such as operations, production, quality, use, and consumption - and then uses that data to expedite and optimize business processes. Further, Manufacturers can also benefit from the advent of connected operational intelligence and real-time asset monitoring, which can help them improve their production processes.
The factors driving the market are growing IoT in Manufacturing across the globe, rapid adoption of artificial intelligence, Internet of Things in the manufacturing sector, development of Internet Protocol version 6 control, and innovative AI applications. The factors restraining the market growth are lack of awareness, the Incompatibility of legacy equipment with communication networks, and network connectivity. Growing application of AI and IoT, a wearable device paired with intelligent algorithms, development in technology, and the growing investment in research and development are expected to provide market growth opportunities.
This study delivers a comprehensive analysis of components, applications, and regions. The component segment includes Solutions and Services. The Solution segment held the largest market share. Due to the increased number of networked sensors, manufacturers of logistics and supply chain systems are transitioning to a new generation of technologies that provide various solutions and adopt IoT across the manufacturing industry. Further, Manufacturing IoT solutions allow companies to track assets and receive warnings when a repair is required. It enables businesses to do routine maintenance, hence enhancing the asset's productivity. The application segment includes Predictive Maintenance, Asset Performance Management, Quality Management, Cognitive Process & Operations Management, Supply Chain Management, and Others. The Predictive Maintenance segment holds the largest market share, owing to the networked sensors, autonomous machines, saves time & resources, improves the overall productivity of the equipment by reducing excessive maintenance, and enhances the visibility of businesses.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific holds the largest market share in China-Japan and India, owing to the growing population, rising investments for Research & Development activities, increasing focus of international and domestic IT companies on the growth of big data analytics and cloud-based services. Japan is expected to witness significant growth, owing to the growing acceptance of pets in the country, changing lifestyles, and rising disposable income. The North America region is anticipated to grow and holds the largest share in the U.S. due to the development in technology, government initiatives, substantial investment in Research & Development activities, and increasing adoption of innovative, secure & connected technologies.
Some of the notable players in the market are Huawei, Cisco, Intel, Rockwell Automation, Texas Instruments, IBM, NEC Corporation, Bosch.IO, Siemens AG, SAP, Microsoft, Atos, HCL Technologies Limited, and Zebra Technologies.
Global IoT in Manufacturing Market Analysis and Forecast, Type
Global IoT in Manufacturing Market Analysis and Forecast, Product
Global IoT in Manufacturing Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. rapid adoption of artificial intelligence
5.2.2. Internet of Things in the manufacturing sector
5.2.3. development of Internet Protocol version 6 control
5.2.4. innovative AI applications
5.3. Restrains
5.3.1. lack of awareness
5.3.2. Incompatibility of legacy equipment with communication networks
5.3.3. network connectivity
5.4. Opportunities
5.4.1. Growing application of AI and IoT
5.4.2. A wearable device paired with intelligent algorithms
5.4.3. development in technology and the growing investment in research and development
6. Global IoT in Manufacturing Market Analysis and Forecast, By Components
6.1. Segment Overview
6.2. Cat
6.3. Dog
6.4. Fish
6.5. Bird
7. Global IoT in Manufacturing Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Veterinary Care
7.3. Pet Food
7.4. OTC/Supplies
7.5. Live Animal Purchase
7.6. Pet Boarding/ Grooming
8. Global IoT in Manufacturing Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global IoT in Manufacturing Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global IoT in Manufacturing Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Application Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Huawei
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Application Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Cisco
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Application Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Intel
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Application Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Rockwell Automation
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Application Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Texas Instruments
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Application Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. IBM
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Application Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. NEC Corporation
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Application Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Colgate-Palmolive Company
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Application Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Bosch.IO
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Application Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Siemens AG
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Application Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. SAP
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Application Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Microsoft
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Application Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Atos
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Application Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. HCL Technologies Limited
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Application Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Zebra Technologies
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Application Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
List of Table
1. Global IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
2. Global Solutions, IoT in Manufacturing Market, By Region, 2018-2028 (USD Billion)
3. Global Services, IoT in Manufacturing Market, By Region, 2018-2028 (USD Billion)
4. Global IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
5. Global Predictive Maintenance, IoT in Manufacturing Market, By Region, 2018-2028 (USD Billion)
6. Global Asset Performance Management, IoT in Manufacturing Market, By Region, 2018-2028 (USD Billion)
7. Global Quality Management, IoT in Manufacturing Market, By Region, 2018-2028 (USD Billion)
8. Global Cognitive Process & Operations Management, IoT in Manufacturing Market, By Region, 2018-2028 (USD Billion)
9. Global Supply Chain Management, IoT in Manufacturing Market, By Region, 2018-2028 (USD Billion)
10. Global Others, IoT in Manufacturing Market, By Region, 2018-2028 (USD Billion)
11. North America IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
12. North America IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
13. U.S. IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
14. U.S. IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
15. Canada IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
16. Canada IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
17. Mexico IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
18. Mexico IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
19. Europe IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
20. Europe IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
21. Germany IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
22. Germany IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
23. France IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
24. France IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
25. U.K. IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
26. U.K. IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
27. Italy IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
28. Italy IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
29. Spain IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
30. Spain IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
31. Asia Pacific IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
32. Asia Pacific IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
33. Japan IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
34. Japan IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
35. China IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
36. China IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
37. India IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
38. India IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
39. South America IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
40. South America IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
41. Brazil IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
42. Brazil IoT in Manufacturing Market, By Application, 2018-2018 (USD Billion)
43. Middle East and Africa IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
44. Middle East and Africa IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
45. UAE IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
46. UAE IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
47. South Africa IoT in Manufacturing Market, By Components, 2018-2028 (USD Billion)
48. South Africa IoT in Manufacturing Market, By Application, 2018-2028 (USD Billion)
List of Figures
1. Global IoT in Manufacturing Market Segmentation
2. Global IoT in Manufacturing Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global IoT in Manufacturing Market Attractiveness Analysis By Components
9. Global IoT in Manufacturing Market Attractiveness Analysis By Application
10. Global IoT in Manufacturing Market Attractiveness Analysis By Region
11. Global IoT in Manufacturing Market: Dynamics
12. Global IoT in Manufacturing Market Share by Components (2021 & 2028)
13. Global IoT in Manufacturing Market Share by Application (2021 & 2028)
14. Global IoT in Manufacturing Market Share by Regions (2021 & 2028)
15. Global IoT in Manufacturing Market Share by Company (2020)
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