Value-Added Services for Connectivity, Data Management, and IIoT Platforms will Drive Smart Manufacturing Spend to US$950 Billion in 2030

NEW YORK, Feb. 2, 2022 /PRNewswire/ -- According to global technology intelligence firm ABI Research, spending on smart manufacturing will grow from US$345 billion in 2021 to more than US$950 billion in 2030 as manufacturers advance their digital transformation initiatives. This market refers to factories that adopt Industry 4.0 solutions, such as autonomous mobile robots (AMRs), asset tracking, simulation, and digital twins. 

"While most of the revenue today is attributed to hardware, a greater reliance on analytics, collaborative industrial software, and wireless connectivity (Wi-Fi 6, 4G, 5G) will drive spending on value-added services, namely connectivity, data management, and enabling platforms, to more than double over the forecast," explains Ryan Martin, Industrial & Manufacturing Research Director at ABI Research.

The top producing manufacturing regions are China, the United States, Japan, and Germany (in that order) and the transportation industry, more specifically automotive manufacturing, is the top industry in terms of revenue in all regions except China, where automotive is second and electronics manufacturing is first. These regions are also the early adopters of advanced manufacturing technology and are the most developed manufacturing economies globally. In terms of automation, the automotive industry leads, having automated close to 50% of operations.

"Manufacturers and their technology partners are acutely focused on supporting the shift to digital threads for better data management and enrichment throughout the manufacturing lifecycle," says Martin. "A common data backbone allows manufacturers to operate more efficiently across teams and departments, and there are a range of suppliers helping manufacturers with their digital threads." Siemens, PTC, and Hitachi Vantara are some of the leaders in terms of overall innovation and ability to execute. Other important players focus on core aspects of the manufacturing data lifecycle, including modeling and simulation (Autodesk, Ansys, Dassault Systèmes, MSC Software), connectivity (Nokia, Ericsson), quality (Hexagon, Instrumental, Cognex, Keyence), and industrial automation (Rockwell, Emerson, ABB).

"Increasingly, there are more data sources (including spatial data) that can be layered and compared in real time for more contextual and predictive operations. The most advanced manufacturers are starting to think along these lines while the majority have started their digital transformation journey but have yet to fully scale," Martin concludes.

These findings are from ABI Research's Digital Factory Data market data report. This report is part of the company's Industrial and Manufacturing research service, which includes research, data, and ABI Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.

About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.

ABI Research是一家国际科技情报公司，为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

Logo - https://mma.prnewswire.com/media/1471031/ABI_Research_Logo.jpg