Global Smart Machines Market 2023-2027

Global Smart Machines Market 2023-2027

Technavio has been monitoring the smart machines market and is forecast to grow by $25.41 bn during 2022-2027, accelerating at a CAGR of 18.7% during the forecast period. Our report on the smart machines market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by changes in global labor force, miniaturization of sensors, and technological advances in hardware.

Technavio's smart machines market is segmented as below:

By Component

  • Software
  • Hardware
By Product
  • Expert systems
  • Autonomous robots
  • Digital assistants
  • Others
By Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the emergence of IIoT as one of the prime reasons driving the smart machines market growth during the next few years. Also, increase in adoption of data analytics and improvements in machine vision systems will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the smart machines market covers the following areas:
  • Smart machines market sizing
  • Smart machines market forecast
  • Smart machines market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart machines market vendors that include Apple Inc., BAE Systems Plc, Cerner Corp., Clearpath Robotics Inc., CoreTigo Ltd., Creative Virtual Ltd., HAHN Group GmbH, International Business Machines Corp., KUKA AG, Mobile Industrial Robots AS, Samsung Electronics Co. Ltd., Smarsh Inc., ST Engineering Aethon Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., Amazon.com Inc., Koninklijke Philips NV, Microsoft Corp., RELX Plc, Salesforce.com Inc., and Alphabet Inc. Also, the smart machines market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Component
      • Table Executive Summary – Chart on Market Segmentation by Product
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition.
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global smart machines market 2017 - 2021
      • Table Historic market size – Data table on global smart machines market 2017 - 2021 ($ billion)
    • Component segment analysis 2017 - 2021
      • Table Historic market size – Component segment 2017 - 2021 ($ billion)
    • Product segment analysis 2017 - 2021
      • Table Historic market size – Product segment 2017 - 2021 ($ billion)
    • Geography segment analysis 2017 - 2021
      • Table Historic market size – Geography segment 2017 - 2021 ($ billion)
    • Country segment analysis 2017 - 2021
      • Table Historic market size – Country segment 2017 - 2021 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Component
    • Market segments
      • Table Chart on Component - Market share 2022-2027 (%)
      • Table Data Table on Component - Market share 2022-2027 (%)
    • Comparison by Component
      • Table Chart on Comparison by Component
      • Table Data Table on Comparison by Component
    • Software - Market size and forecast 2022-2027
      • Table Chart on Software - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Software - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Software - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Software - Year-over-year growth 2022-2027 (%)
    • Hardware - Market size and forecast 2022-2027
      • Table Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Hardware - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Hardware - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Component
      • Table Market opportunity by Component ($ billion)
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2022-2027 (%)
      • Table Data Table on Product - Market share 2022-2027 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Expert systems - Market size and forecast 2022-2027
      • Table Chart on Expert systems - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Expert systems - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Expert systems - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Expert systems - Year-over-year growth 2022-2027 (%)
    • Autonomous robots - Market size and forecast 2022- 2027
      • Table Chart on Autonomous robots - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Autonomous robots - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Autonomous robots - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Autonomous robots - Year-over-year growth 2022-2027 (%)
    • Digital assistants - Market size and forecast 2022-2027
      • Table Chart on Digital assistants - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Digital assistants - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Digital assistants - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Digital assistants - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Changes in global labor force
      • Miniaturization of sensors
      • Technological advances in hardware
    • Market challenges
      • High cost of deployment
      • Presence of entry barriers
      • Need for technical expertise.
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Emergence of IIoT
      • Increase in adoption of data analytics.
      • Improvements in machine vision systems
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • ALLSCRIPTS HEALTHCARE SOLUTIONS INC.
      • Table ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Overview
      • Table ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Business segments
      • Table ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Key news
      • Table ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Key offerings
      • Table ALLSCRIPTS HEALTHCARE SOLUTIONS INC. - Segment focus
    • Alphabet Inc.
      • Table Alphabet Inc. - Overview
      • Table Alphabet Inc. - Business segments
      • Table Alphabet Inc. - Key news
      • Table Alphabet Inc. - Key offerings
      • Table Alphabet Inc. - Segment focus
    • Amazon.com Inc.
      • Table Amazon.com Inc. - Overview
      • Table Amazon.com Inc. - Business segments
      • Table Amazon.com Inc. - Key news
      • Table Amazon.com Inc. - Key offerings
      • Table Amazon.com Inc. - Segment focus
    • Apple Inc.
      • Table Apple Inc. - Overview
      • Table Apple Inc. - Business segments
      • Table Apple Inc. - Key news
      • Table Apple Inc. - Key offerings
      • Table Apple Inc. - Segment focus
    • Cerner Corp.
      • Table Cerner Corp. - Overview
      • Table Cerner Corp. - Business segments
      • Table Cerner Corp. - Key offerings
      • Table Cerner Corp. - Segment focus
    • Clearpath Robotics Inc.
      • Table Clearpath Robotics Inc. - Overview
      • Table Clearpath Robotics Inc. - Product / Service
      • Table Clearpath Robotics Inc. - Key offerings
    • International Business Machines Corp.
      • Table International Business Machines Corp. - Overview
      • Table International Business Machines Corp. - Business segments
      • Table International Business Machines Corp. - Key offerings
      • Table International Business Machines Corp. - Segment focus
    • Koninklijke Philips NV
      • Table Koninklijke Philips NV - Overview
      • Table Koninklijke Philips NV - Business segments
      • Table Koninklijke Philips NV - Key news
      • Table Koninklijke Philips NV - Key offerings
      • Table Koninklijke Philips NV - Segment focus
    • KUKA AG
      • Table KUKA AG - Overview
      • Table KUKA AG - Business segments
      • Table KUKA AG - Key offerings
      • Table KUKA AG - Segment focus
    • Microsoft Corp.
      • Table Microsoft Corp. - Overview
      • Table Microsoft Corp. - Business segments
      • Table Microsoft Corp. - Key news
      • Table Microsoft Corp. - Key offerings
      • Table Microsoft Corp. - Segment focus
    • Mobile Industrial Robots AS
      • Table Mobile Industrial Robots AS - Overview
      • Table Mobile Industrial Robots AS - Product / Service
      • Table Mobile Industrial Robots AS - Key offerings
    • Salesforce.com Inc.
      • Table Salesforce.com Inc. - Overview
      • Table Salesforce.com Inc. - Product / Service
      • Table Salesforce.com Inc. - Key news
      • Table Salesforce.com Inc. - Key offerings
    • Samsung Electronics Co. Ltd.
      • Table Samsung Electronics Co. Ltd. - Overview
      • Table Samsung Electronics Co. Ltd. - Business segments
      • Table Samsung Electronics Co. Ltd. - Key news
      • Table Samsung Electronics Co. Ltd. - Key offerings
      • Table Samsung Electronics Co. Ltd. - Segment focus
    • Smarsh Inc.
      • Table Smarsh Inc. - Overview
      • Table Smarsh Inc. - Product / Service
      • Table Smarsh Inc. - Key offerings
    • ST Engineering Aethon Inc.
      • Table ST Engineering Aethon Inc. - Overview
      • Table ST Engineering Aethon Inc. - Product / Service
      • Table ST Engineering Aethon Inc. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing.
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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