Smart Manufacturing Market 2030: Navigating the Future of Automation
Smart Manufacturing Market Growth & Trends The global smart manufacturing market size is predicted to hit USD 787.54 billion by 2030, according to a new study by Grand View Research, Inc. The market is also anticipated to register a CAGR of 14.9% from 2023 to 2030, based on a recent report by Grand View Research, Inc. This market is popularly known as industry 4.0 as the advancement and integration of manufacturing with technology and automation processes in manufacturing is driven by the Internet of Things (IoT), machine learning, and real-time data. It is focused on combining innovation and efficiency as production processes grow faster. The industry is intended to adopt smart production methods across various domains. The need to increase productivity and improve the visibility of the entire system are two major factors driving the market growth. The proliferation of the Industrial Internet of Things (IIoT) is expected to create challenges in ...