Smart Manufacturing Market Expected to Reach $446.24 Billion by 2029

According to the latest publication by Meticulous Research®, the smart manufacturing market is projected to grow at a compound annual growth rate (CAGR) of 21.5% from 2022 to 2029, reaching $446.24 billion by 2029. This growth is driven by factors such as increased government initiatives promoting industrial automation, rising investments in Industry 4.0, growing demand for safety regulation compliance, and high labor costs in developed economies.