Report on global smart manufacturing industry 2021 – Global forecasts to 2027

In 2021, the smart manufacturing industry was valued at US$89.2, and the industry is expected to grow at an astonishing CAGR 19.4% during the period 2022-2030. The increased need to build efficient production methods, higher adoption of connected technologies, excessive use of AI/ML algorithms during the production process, and the constant pursuit of industry 4.0 technologies are the major reasons for such a growth outlook of the smart manufacturing industry.

In this report, SoftwareVerdict takes a deep dive into smart manufacturing industry, studies the market dynamics, forecasts the industry metrics based on research of major industry drivers, analyze the variables of industry 4.0, interpret the impact of COVID 19 on the smart manufacturing industry, and evaluates the technological trends shaping the industry across major regions including APAC, Europe, North America, and Rest of World.

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Key report metrics

Metrics	Details
Years in review	2018-2030
Base year	2021
Forecast period	2022-2030
Regions covered	APAC, Europe, North America, RoW

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The report is a must-read for:

• Experts across multiple industries
• Chief technology officers
• Digital transformation strategists
• Policymakers
• Researchers in smart manufacturing