Global Smart Machines Market 2024-2028

Global Smart Machines Market 2024-2028


Global Smart Machines Market 2024-2028

The smart machines market is forecasted to grow by USD 51.8 bn during 2023-2028, accelerating at a CAGR of 27.23% during the forecast period. The 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 Geographical Landscape
  • 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.

The report on the smart machines market covers the following areas:
  • Smart machines market sizing
  • Smart machines market forecast
  • Smart machines market industry analysis
The 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 Alphabet Inc., Amazon.com Inc., Apple Inc., BAE Systems Plc, Oracle Corp., Clearpath Robotics Inc., CoreTigo Ltd., Creative Virtual Ltd., HAHN Group GmbH, International Business Machines Corp., Koninklijke Philips N.V., KUKA AG, Microsoft Corp., Mobile Industrial Robots AS, RELX Plc, Salesforce Inc., Samsung Electronics Co. Ltd., Smarsh Inc., ST Engineering Aethon Inc., and Veradigm LLC. 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.

The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Data Table on Incremental Growth
  • Market Landscape
    • Market ecosystem
      • Table Data Table on - Parent Market
    • Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global Smart Machines Market 2018 - 2022
      • Table Historic Market Size - Data Table on Global Smart Machines Market 2018 - 2022 ($ billion)
    • Component segment analysis 2018 - 2022
    • Product segment analysis 2018 - 2022
    • Geography segment analysis 2018 - 2022
    • Country segment analysis 2018 - 2022
  • Five Forces Analysis
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
  • Market Segmentation by Component
    • Market segments
      • Table Data Table on Component - Market share 2023-2028 (%)
    • Comparison by Component
      • Table Data Table on Comparison by Component
    • Software - Market size and forecast 2023-2028
      • Table Data Table on Software - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Software - Year-over-year growth 2023-2028 (%)
    • Hardware - Market size and forecast 2023-2028
      • Table Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Component
      • Table Data Table on Market opportunity by Component ($ billion)
  • Market Segmentation by Product
    • Market segments
      • Table Data Table on Product - Market share 2023-2028 (%)
    • Comparison by Product
      • Table Data Table on Comparison by Product
    • Expert systems - Market size and forecast 2023-2028
      • Table Data Table on Expert systems - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Expert systems - Year-over-year growth 2023-2028 (%)
    • Autonomous robots - Market size and forecast 2023-2028
      • Table Data Table on Autonomous robots - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Autonomous robots - Year-over-year growth 2023-2028 (%)
    • Digital assistants - Market size and forecast 2023-2028
      • Table Data Table on Digital assistants - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Digital assistants - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Product
      • Table Data Table on Market opportunity by Product ($ billion)
  • Customer Landscape
    • Customer landscape overview
  • Geographic Landscape
    • Geographic segmentation
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023-2028
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Opportunity/Restraints
    • 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
    • Market opportunities/restraints
      • Emergence of IIoT
      • Increase in adoption of data analytics
      • Improvements in machine vision systems
  • Competitive Landscape
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
  • Competitive Analysis
    • Companies profiled
    • Market positioning of companies
    • Alphabet Inc.
    • Amazon.com Inc.
    • Apple Inc.
    • Oracle Corp.
    • Clearpath Robotics Inc.
    • International Business Machines Corp.
    • Koninklijke Philips N.V.
    • KUKA AG
    • Microsoft Corp.
    • Mobile Industrial Robots AS
    • Salesforce Inc.
    • Samsung Electronics Co. Ltd.
    • Smarsh Inc.
    • ST Engineering Aethon Inc.
    • Veradigm LLC
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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