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Ultimately, smart manufacturing is not just about automation, it’ s about creating a resilient, responsive, and intelligent production ecosystem that can adapt to market demands and operational challenges that empower manufacturers to make better and more informed decisions.
Adoption of smart manufacturing technology
The smart manufacturing market is broadly defined and spans everything from automation equipment to software. Generally, this space is growing at a strong pace globally, driven by rising demand for operational efficiency, supply chain resilience, and the need for digital transformation across sectors like automotive, aerospace, electronics, food and beverage, and pharmaceuticals.
However, adoption is uneven across regions and industries due to several practical and strategic factors. This varies by country and by industry.
In one research report, the global smart manufacturing market is valued at between $ 300 billion –$ 400 billion( 2024 estimates) and is projected to grow at a CAGR of ten to 15 percent. Adoption is strongest in developed economies such as North America, Germany, Japan and South Korea, where markets are more mature, and government incentives exist, or where a changing workforce is accelerating implementation. Emerging economies are increasingly adopting smart technologies, but infrastructure gaps and capital constraints slow full deployment. Again, these numbers are large and cover a wide array of assets that manufacturers can deploy to deliver smart manufacturing.
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