What is IoT in Manufacturing?

The IoT in Manufacturing Market refers to the integration of connected devices, intelligent sensors, and real-time analytics across manufacturing operations to enhance efficiency, automation, and data-driven decision-making. Unlike generic industrial automation, this market emphasizes end-to-end visibility, predictive maintenance, and adaptive production using intelligent, networked systems.

This market is disrupting traditional manufacturing paradigms by delivering new capabilities such as digital twins and autonomous control systems. It makes production easy to optimize through real-time monitoring and machine learning algorithms. Cybersecure architectures ensure safe deployment in critical systems, addressing operational and data security risks. The big transformation lies in enterprise-wide digitalization—from supply chain to shop floor—enabling agile, resilient, and smart manufacturing ecosystems.

Market Size:

IoT in Manufacturing Market was valued at USD 70.95 billion in 2024 and is projected to reach a market size of USD 164.16 billion by 2030 at a CAGR of 15%.

Key Companies:

•    Software AG
•    Wind River
•    Samsara
•    Telit
•    ScienceSoft
•    Impinj
•    Bosch.IO
•    Litmus Automation
•    Uptake
•    Mocana
•    HQ Software
•    FogHorn
•    ClearBlade
•    Cisco
•    IBM
•    PTC
•    Microsoft
•    Siemens AG
•    GE
•    SAP
•    Huawei
•    ATOS
•    HCL
•    Intel
•    Oracle
•    Schneider Electric
•    Zebra Technologies

Case Study:

Siemens deployed IoT-enabled predictive maintenance across its facilities, reducing equipment downtime by 30% and improving asset lifecycle planning—demonstrating scalable ROI through intelligent automation.

Popularity & Key Statistics:

•    60% of manufacturers have adopted or are piloting IoT solutions.
•    Over 75% cite predictive maintenance and production efficiency as top priorities.
•    Demand for edge-to-cloud connectivity has surged due to post-pandemic supply chain recalibrations.

Market Segmentation:

By Type

•    Hardware
o    Sensors
o    RFID Devices
o    Smart Devices & Gateways

•    Software
o    Data Management Software
o    Network Management Software
o    Device Management Platforms
o    Application Management Software

•    Services
o    Professional Services
o    Managed Services
o    Deployment & Integration Services
o    Support & Maintenance Services

•    Connectivity Technology
o    Wired Technology
o    Wireless Technology
o    Field Communication Technology

•    Platform
o    Device Management Platform
o    Application Management Platform
o    Network Management Platform

By End User

•    Automotive
o    Assembly Line Automation
o    Predictive Maintenance

•    Electronics & Semiconductors
o    Asset Monitoring
o    Production Optimization

•    Food & Beverage
o    Cold Chain Monitoring
o    Supply Chain Optimization

•    Chemical
o    Hazardous Environment Monitoring
o    Process Automation

•    Pharmaceutical
o    Compliance Tracking
o    Quality Control

•    Metals & Mining
o    Equipment Health Monitoring
o    Safety & Surveillance

•    Energy & Utilities
o    Smart Grid Management
o    Power Plant Automation

•    Aerospace & Defense
o    Condition Monitoring
o    Inventory Tracking

•    Others
o    Textiles
o    Plastics & Rubber
o    Packaging

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