COVID Impact: IoT in Manufacturing Market is projected to reach a value of over USD 181.3 billion by 2027 at a CAGR of around 26.9%.

IoT In Manufacturing Market: Summary

The Global IoT in Manufacturing Market is projected to reach a value of over USD 181.3 billion by 2027 at a CAGR of around 26.9%.

Stronger demand for customization, increasing customer expectations, the complexity of the global supply chain. Industrial Internet of Things (IIoT) is a way to digital transformation in manufacturing. Industrial IoT employs a network of sensors to collect critical production data and uses cloud software to turn this data into valuable insights about the efficiency of the manufacturing operations. In current scenario, IoT adopted heavily in manufacturing for cost reduction, shorter time-to-market, mass customization, and improvisation in safety. Key players in the IoT in manufacturing are Honeywell International Inc., IBM Corporation, Microsoft, General Electric Company, Siemens, and Johnson Controls among others.

IoT In Manufacturing Market: Drivers & Opportunity

Market Driver:

  • Improving Manufacturing Sector in Asia-Pacific

Improving manufacturing industry in Asia-Pacific will drive the market during forecast period. Rising automotive, consumer goods, consumer electronics, industries will add more value in the growth of the market. China, India, Japan, and South Korea will drive the IoT in manufacturing market during forecast period. Increasing demand for robotic, connected devices, smart warehousing, and need for latest technological machinery will increases the IoT manufacturing market in APAC.

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Market Opportunity:

  • Increasing Demand for Connected Logistics

Connected logistics offers a supply chain data exchange platform based on the Internet of things in logistics concept. Connected logistics develops end to end visibility of customer supply chain, in which customer can see shipments based on the information that is linked by the other supply chain stakeholders. Ericsson provide Connected Logistics Chain (CLC) offers a supply chain data exchange platform based on the Internet of Logistics. This platform offers software as a service, access to APIs, access to default GUI, and sandbox available to test among others. Hence for tracking and shipment assets IoT is used in connected logistics which will create more opportunities in in manufacturing industry.

IoT In Manufacturing Market: Key Segments

  • Segmentation based on component: Software Platforms, Services, and Solutions

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IoT In Manufacturing Market: Report Scope

The report on the IoT in manufacturing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Key Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

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IoT In Manufacturing Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

IoT in Manufacturing Market, by Component

  • Software Platforms

IoT in Manufacturing Market, by Application

  • Asset Performance Management

IoT in Manufacturing Market, by End Use Industry

  • Automotive

IoT in Manufacturing Market, by Region

  • North America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL IOT IN MANUFACTURING MARKET BY COMPONENT, Market Size in USD Million (2019–2027)

7 GLOBAL IOT IN MANUFACTURING MARKET BY APPLICATION, Market Size in USD Million (2019–2027)

8 GLOBAL IOT IN MANUFACTURING MARKET BY END USER INDUSTRY, Market Size in USD Million (2019–2027)

9 GLOBAL IOT IN MANUFACTURING MARKET BY REGION, Market Size in USD Million (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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