The digital transformation in manufacturing is experiencing substantial growth, projected to expand from a market size of USD 307.87 million in 2023 to USD 1,518.47 million by 2032, at an impressive CAGR of 19.40% from 2024 to 2032. This shift is driven by the adoption of advanced technologies such as automation, IoT, and data analytics which optimize revenue, enhance quality, and enable flexibility, creating a competitive edge for manufacturers. Key players in this transformation include Cisco Systems Inc., Intel Corporation, Siemens AG, Microsoft, SAP, IBM, and others, who are advancing these technologies globally.

The market is driven by an increasing demand for efficiency, productivity, and improved supply chain visibility, along with the need for workforce transformation and skill enhancement. Manufacturers see opportunities in personalized, customer-centric production, accelerated product development, and the establishment of smart, autonomous factories. Cybersecurity advancements, robotics, and AI/ML are key trends shaping the industry's future.

Market Outlook

1.1 Market Snapshot

 1.2 Market Definition 

1.3 Key Takeaways

2. Market Statistics

2.1 Digital Transformation in Manufacturing Market Size 2017 to 2032 (in USD Billion)

2.2 Global Robots Market Size From 2021 to 2027 (in USD Billion)

2.3 Annual Installations of Industrial Robots 2017 to 2026F (in ‘000 of Units)

 2.4 Operational Stock Industrial Robots 2017 to 2023 (in 1000 Units)

 2.5 World Annual installations of Industrial Robots by Customer Industry 2021 to 2023

 2.6 Annual Installations of Industrial Robots 2017 to 2023 ('000 of units)

  2.7 Global IoT in Manufacturing Market Size from 2020 to 2025 (in USD Billion)

2.8 Corporate Functions Have Begun the Adoption of AI in 2024

2.9 India's Technology Industry Revenue From FY 2022 to FY 2030 (USD Billion)

2.10 Manufacturing Economies Gross Production in 2023

2.11 Value Added in the Manufacturing from 2018 to 2029 (in USD Trillion)

2.12 Global Market for Pharma Robotics from 2021 to 2030 (in USD Million)

2.13 Global Automotive & Assembly Industry AI Adoption Rate in 2023

2.14 Global Retail Industry AI Adoption Rate in 2023

 2.15 Global Financial services Industry AI Adoption Rate in 2023