#IIoT market

[semiconductorsandelectronics]

IIoT and Industry 4.0: How Smart Manufacturing is Revolutionizing the Industrial Sector

The convergence of IIoT and Industry 4.0 is leading to the creation of smart factories that are highly automated, efficient, and responsive to changing market demands. This article examines the impact of IIoT on smart manufacturing, focusing on industry size, share, growth trends, and the future outlook.

Market Size and Growth

The global IIoT market is experiencing robust growth, driven by the adoption of Industry 4.0 principles. The industrial IoT industry is projected to expand from a valuation of USD 194.4 billion in 2024 to USD 286.3 billion by 2029, reflecting a compound annual growth rate of 8.1%. The adoption of IIoT in smart manufacturing is particularly significant in the automotive, electronics, and aerospace industries.

The Role of IIoT in Smart Manufacturing

IIoT plays a critical role in enabling smart manufacturing by connecting machines, sensors, and systems to create a seamless flow of information. This connectivity allows for real-time monitoring, predictive maintenance, and optimization of manufacturing processes, leading to increased productivity and reduced downtime.

Trends in Smart Manufacturing

Digital Twins: The use of digital twins to simulate and optimize manufacturing processes is becoming more prevalent.

Predictive Maintenance: IIoT enables predictive maintenance, allowing manufacturers to anticipate equipment failures and reduce unplanned downtime.

Collaborative Robots (Cobots): The integration of IIoT with cobots is enhancing human-machine collaboration on the factory floor. The integration of IIoT with Industry 4.0 is transforming manufacturing into a more intelligent and efficient process. As the industry continues to evolve, IIoT will play an increasingly important role in driving the future of smart manufacturing.

[chandupalle]

IIoT and Industry 4.0: How Smart Manufacturing is Revolutionizing the Industrial Sector

The convergence of IIoT and Industry 4.0 is leading to the creation of smart factories that are highly automated, efficient, and responsive to changing market demands. This article examines the impact of IIoT on smart manufacturing, focusing on industry size, share, growth trends, and the future outlook.

Market Size and Growth

The global IIoT market is experiencing robust growth, driven by the adoption of Industry 4.0 principles. The industrial IoT industry is projected to expand from a valuation of USD 194.4 billion in 2024 to USD 286.3 billion by 2029, reflecting a compound annual growth rate of 8.1%. The adoption of IIoT in smart manufacturing is particularly significant in the automotive, electronics, and aerospace industries.

The Role of IIoT in Smart Manufacturing

IIoT plays a critical role in enabling smart manufacturing by connecting machines, sensors, and systems to create a seamless flow of information. This connectivity allows for real-time monitoring, predictive maintenance, and optimization of manufacturing processes, leading to increased productivity and reduced downtime.

Trends in Smart Manufacturing

Digital Twins: The use of digital twins to simulate and optimize manufacturing processes is becoming more prevalent.

Predictive Maintenance: IIoT enables predictive maintenance, allowing manufacturers to anticipate equipment failures and reduce unplanned downtime.

Collaborative Robots (Cobots): The integration of IIoT with cobots is enhancing human-machine collaboration on the factory floor.

The integration of IIoT with Industry 4.0 is transforming manufacturing into a more intelligent and efficient process. As the industry continues to evolve, IIoT will play an increasingly important role in driving the future of smart manufacturing.

[creativeera]

IoT in Manufacturing Market is Estimated to Witness High Growth Owing to Need for Streamlining Operations

The IoT in manufacturing market involves connecting and integrating physical devices, sensors, and other smart objects into the manufacturing operations through the use of networking and cloud technologies. It enables the collection of information from various manufacturing equipment and assets and utilizes analytics tools to analyze the collected data to optimize operations. IoT allows manufacturers to drive improvements in equipment performance, reduce downtime, improve quality control, and optimize logistics and inventory management. The advantages of IoT in manufacturing include increased productivity, predictive maintenance, asset monitoring, inventory management, and energy management. The need for streamlined operations, improved asset utilization, and reduced maintenance costs through advanced monitoring and predictive analytics is fueling the demand for IoT in manufacturing. The global IoT in manufacturing market size was valued at US$ 198.8 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 18.4% from 2023 to 2030. Key Takeaways Key players operating in the IoT in Manufacturing are EnableX.io (VCLOUDX PTE. LTD), Twilio Inc., Infobip Ltd., Vonage Holdings Corp, M800 Limited, MessageBird BV, Iotum Inc., Plivo Inc., Voxbone SA, Snich AB, Telestax, Voximplant (Zingaya Inc.), Mitel Networks Corporation, 8x8 Inc., AT&T Inc., Voxvalley Technologies, Avaya Inc., Bandwidth Inc. (Bandwidth.com), Wazo Communication Inc., and IntelePeer Cloud Communications. These players are focusing on developing advanced IoT solutions and services for manufacturing applications. The key opportunities in the Iot In Manufacturing Market Forecast include predictive maintenance through condition monitoring of equipment, remote asset management through sensors and connectivity, improving supply chain visibility, and optimizing energy consumption. Adoption of advanced analytics is also opening up new revenue streams through data monetization. North America is expected to continue dominating the global IoT in manufacturing market during the forecast period owing to the presence of many global players and early adoption. However, Asia Pacific is expected to witness the highest growth attributed to increasing investments by governments and manufacturers in smart factory initiatives to drive industry 4.0. Countries like China, India, Japan, and South Korea are emerging as global manufacturing hubs and rapidly adopting IoT technologies. Market drivers The key driver fueling the growth of IoT in manufacturing is the need for streamlining operations through real-time data collection, monitoring, and analytics. IoT allows connecting all manufacturing assets and enables data-driven decision making for predictive maintenance, quality control, inventory management, and production planning. This helps reduce downtime, save costs, improve overall equipment effectiveness, and enhance operational efficiency. IoT also enables remote asset management and driving energy efficiency initiatives through connected smart systems and remote asset performance monitoring.

PEST Analysis Political: IoT in manufacturing market is affected by government regulations around data privacy and security. Stricter privacy laws make it challenging for businesses to collect and use customer data. On the other hand, regulations supporting industry digitization creates opportunities for IoT solutions. Economic: Factors like global economic growth, industrial production levels, and investment in automation impact demand for IoT systems in manufacturing. During recessionary periods, organizations may delay IoT deployments to control costs. Social: Younger workforce is more receptive to new technologies. Skill gaps challenge wider IoT adoption. Awareness programs help promote social acceptance of advanced manufacturing technologies. Technological: Emerging technologies like AI, 5G, edge computing, and blockchain offer new possibilities for optimizing manufacturing processes. However, integrating legacy systems with advanced IoT platforms poses technological challenges. Security also remains a key concern with expanding network connectivity. The geographical regions where the IoT in manufacturing market is concentrated in terms of value are North America and Europe. North America accounts for the largest share mainly due to early adoption of Industry 4.0 technologies by US factories. The Asia Pacific region is projected to be the fastest growing market during the forecast period. This is because key developing economies like China and India are making heavy investments to automate their manufacturing industries using industrial IoT solutions. China's "Made in China 2025" initiative advocates implementation of IoT, robotics, and other innovative technologies across manufacturing sectors.

Get more insights on Iot In Manufacturing Market

About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

[vkalkundrikar006]

https://www.htfmarketintelligence.com/report/global-iiot-and-wireless-network-for-mining-market

[marketwire]

IIoT or Industrial Internet of Things platforms are basically IoT cloud platforms that are used in various industries in order to accumulate the interrelated data.

[factana]

Fogwing is an innovative and comprehensive Internet of Things (IoT) platform that offers a wide range of services and solutions for businesses and organizations looking to leverage the power of IoT technology. The website, https://www.fogwing.io/, serves as the online presence for Fogwing, providing detailed information and access to their IoT platform. The platform offers end-to-end solutions for IoT device management, data acquisition, real-time monitoring, analytics, and automation

[smazizul]

Types and 5 Most Popular for 2023

Types of IoT

Networking, communication, and connectivity systems depend on the specific IoT application being deployed. Just as there are many different IoT devices, there are many types of IoT applications depending on their use. Here are some of the more common ones:

• IoT client – ​​intended for everyday use. Examples: home appliances, voice assistants and lighting.

• Business IoT – commonly used in the healthcare and travel industries. Examples: smart pacemakers and monitoring systems.

• Military Matters (IoMT) - Commonly used for the application of IoT technology in the military sector. Examples: surveillance robots and attack-capable objects.

• Industrial Internet of Things (IIoT) - commonly used in industrial applications, such as in manufacturing and the energy sector. Ex: Digital control systems, smart agriculture and big data industries.

• IoT Infrastructure – It is widely used for connectivity in smart cities. Example: equipment sensors and control systems.

Why is IoT important? IoT has enabled the physical world to meet the digital world in collaboration. It provides benefits to organizations by allowing them to work and simplify their work. As IoT grows exponentially year on year, businesses are taking advantage of the incredible business benefits it can deliver. Here are some of the most important benefits of IoT:

• Create new business models and revenue streams

• Improve business decisions and insights based on IoT data.

• To increase productivity and efficiency of business operations

• To improve customer experience

Although global IoT spending has been affected by the economic impact of the COVID-19 pandemic, IDC's analysis shows that it will reach a CAGR of 11.3% over the forecast period 2020-2024.

What are IoT devices?

IoT devices are hardware devices, such as sensors, appliances, devices and other machines that collect and exchange data over the Internet. They are designed for certain applications that can be connected to other IoT devices. For example, an IoT device in your car can detect oncoming traffic and send an instant message to the person you're about to see about an upcoming delay.click amazon market place.

How do IoT devices work?

Different IoT devices have different functions, but they all have similarities in terms of how they work. First, IoT devices are physical objects that see what is happening in the physical world. They have integrated processors, network cards, and hardware, and are often connected to Dynamic Host Configuration Protocol servers. It also requires an IP address to work on the network.

Many IoT devices are programmed and controlled through software. For example, an app on your smartphone to control the lights in your home. Some tools are also built into the web server, eliminating the need for external applications. For example, the light turns on immediately when you enter the room.

[ashwetu]

Meticulous Research® Unveils Comprehensive Report on Human Machine Interface (HMI) Market, Projecting Growth to $8.57 Billion by 2031

Meticulous Research®, a premier global market research firm, has released its latest report titled “Human Machine Interface (HMI) Market by Offering (Hardware, Software, Services), Configuration (Connected, Web-based), End-Use Industry (Oil & Gas, Automotive, F&B, Others), & Geography - Global Forecast to 2031.”

According to this in-depth analysis, the Human Machine Interface market is anticipated to reach $8.57 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031. This growth is primarily driven by the increasing adoption of Industrial IoT (IIoT) and a rising demand for user-friendly interfaces. However, the high costs associated with HMI installation and maintenance may pose challenges to market expansion.

The report highlights significant opportunities arising from the integration of AI and edge computing technologies within HMI systems, alongside emerging applications of augmented reality (AR) and virtual reality (VR) across diverse sectors. Despite these opportunities, security concerns remain a critical challenge for market players. A notable trend within the sector is the growing preference for mobile-based HMI solutions.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5805

Market Segmentation Insights

By Offering: The global HMI market is categorized into hardware, software, and services. Hardware is expected to dominate the market in 2024, driven by increased automation across sectors such as manufacturing, automotive, and healthcare. This demand stems from the need for sophisticated control and monitoring systems aimed at enhancing operational efficiency and safety. The hardware segment is also projected to experience the highest CAGR during the forecast period, fueled by heightened investments in R&D focusing on efficiency and innovation.

By Configuration: The market is segmented into connected and web-based HMI. In 2024, the connected HMI segment is expected to capture a significant share, attributed to the rising demand for automation and enhanced connectivity in various industries. Conversely, the web-based HMI segment is poised for the highest CAGR, driven by globalization and the need for efficient remote management solutions.

By End-Use Industry: Key sectors examined include automotive, oil & gas, food & beverages, energy & power, chemicals, pharmaceuticals, aerospace & defense, and medical devices. The automotive industry is projected to hold the largest market share in 2024, propelled by consumer demand for advanced infotainment and driver-assistance systems. This segment is also expected to exhibit the highest CAGR during the forecast period.

Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/human-machine-interface-hmi-market-5805

By Geography: The report indicates that Asia-Pacific will lead the global HMI market in 2024, spurred by rapid growth in automotive, manufacturing, and consumer electronics sectors. Factors such as urbanization, rising disposable incomes, and government initiatives promoting industrial automation will significantly contribute to the region's market expansion.

Key Players

Prominent companies operating within the HMI market include Siemens AG (Germany), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Honeywell International Inc. (U.S.), and others.

For a comprehensive overview and to access the full report, visit: https://www.meticulousresearch.com/request-sample-report/cp_id=5805

Key Questions Addressed in the Report:

What are the high-growth segments in the HMI market?

What is the historical market size for HMI globally?

What forecasts and estimates exist for 2024–2031?

What are the major drivers, restraints, opportunities, and challenges affecting the market?

Who are the leading players in the HMI market, and what are their market shares?

What recent developments and strategies are emerging in the competitive landscape?

Contact Us: Meticulous Research® Email: sales@meticulousresearch.com Contact Sales: +1-646-781-8004 Connect with us on LinkedIn: Meticulous Research LinkedIn

[psychicsheeparcade]

Metal Stamping Market Top Players, Segmentation & Future Trends Analysis till 2034

Metal stamping is a crucial manufacturing process used in various industries to shape metal sheets into desired components. The process involves pressing, bending, punching, and embossing to create high-precision parts. From automotive and aerospace to electronics and industrial machinery, metal stamping supports the production of complex parts with high efficiency and cost-effectiveness.

The global metal stamping market is expected to increase at a compound annual growth rate (CAGR) of 4.2% between 2024 and 2034. Based on an average growth pattern, the market is expected to reach USD 326.38 billion in 2034. It is projected that the worldwide metal stamping market will generate USD 236.83 billion in revenue by 2024.

Get a sample copy of this report: https://wemarketresearch.com/reports/request-free-sample-pdf/metal-stamping-market/1610

Metal Stamping Market Drivers

Rising Demand in the Automotive Sector:

Automotive manufacturers are using metal stamping for parts like frames, brakes, exhaust systems, and fuel delivery systems.

The growing production of electric vehicles (EVs) is driving the demand for customized stamped components, especially for lightweight chassis and battery enclosures.

Industrial Automation Boosting Productivity:

The integration of CNC machines and robotic arms in stamping facilities has significantly improved accuracy and efficiency.

Automated metal stamping systems are particularly advantageous for high-volume production in the automotive and electronics industries.

Miniaturization in Electronics:

Modern electronics, such as smartphones, laptops, and wearables, require highly precise, intricate stamped components.

Innovations like micro-stamping are meeting this demand.

Sustainable Manufacturing Practices:

Metal stamping processes are increasingly being optimized to use recyclable materials and reduce energy consumption.

Metal Stamping Market Emerging Trends

Smart Factories and IoT:

The adoption of Industrial IoT (IIoT) in stamping facilities allows real-time monitoring and predictive maintenance, improving overall productivity.

Smart sensors and analytics are reducing downtime and enhancing the efficiency of stamping operations.

Focus on Tooling Innovation:

Development of progressive dies and transfer dies that enable multiple operations in a single stamping cycle.

Enhanced durability and precision of stamping tools, reducing the need for frequent replacements.

Customization of Components:

Increasing demand for customized metal stamped parts across sectors like aerospace, healthcare, and energy.

Flexible tooling and modular stamping presses are enabling cost-effective customization.

Expansion into Renewable Energy:

Metal stamping is critical for manufacturing parts in wind turbines, solar panels, and battery systems used in renewable energy projects.

Technological Advancements

Laser Metal Stamping:

Use of laser-assisted stamping to create highly intricate parts with minimal material waste.

Hot Stamping:

Stamping metal at high temperatures, ideal for creating ultra-strong components for automotive and aerospace applications.

3D Printing Integration:

Hybrid manufacturing processes combining additive manufacturing and metal stamping for complex geometries.

Challenges Facing the Metal Stamping Market

Material Availability:

Supply chain disruptions, especially for metals like aluminum and steel, can lead to delays and cost increases.

High Competition:

The presence of numerous local and international players creates intense price competition, especially in cost-sensitive markets.

Labor Shortages:

Skilled labor is critical for managing advanced stamping machinery, and shortages can impact production timelines.

Environmental Regulations:

Strict regulations on waste management and emissions in metalworking facilities are increasing operational costs.

Metal Stamping Market Future Opportunities

Medical Device Manufacturing:

Growing demand for precise and sterile metal parts for surgical instruments, implants, and diagnostic equipment.

Electric Mobility Revolution:

Increased production of lightweight stamped parts for electric cars, scooters, and bikes.

Collaborations and Mergers:

Companies partnering to share technology and expand their reach in global markets.

Investment in R&D:

Opportunities lie in developing innovative stamping processes and materials that reduce costs and improve durability.

Companies Covered: Metal Stamping Market

The Global Metal Stamping Market is dominated by a few large companies, such as

Acro Metal Stamping

Manor Tool & Manufacturing Company

D&H Industries, Inc.

Kenmode, Inc.

Klesk Metal Stamping Co

Clow Stamping Company

Goshen Stamping Company

Tempco Manufacturing Company, Inc

Interplex Holdings Pte. Ltd.

CAPARO

Nissan Motor Co., Ltd

AAPICO Hitech Public Company Limited

Gestamp

Ford Motor Company

These companies have the potential to drive market growth through various strategies. They can focus on offering innovative and high-performance products, taking advantage of advancements in technology. Additionally, expanding their distribution channels to target new customers would be beneficial. Strategic partnerships and collaborations can also be pursued to strengthen market presence and enhance competitiveness.

Global Metal Stamping Market Segmentation

By Process 

 Blanking 

Embossing 

 Bending 

 Coining 

 Flanging 

 Others

By  Press Type 

Mechanical Press 

 Hydraulic Press 

 Servo Press 

 Others

By  Thickness 

 Less than & up to 2.5 mm 

 More than 2.5 mm

By Application 

 Automotive 

 Industrial machinery 

Consumer electronics 

 Aerospace 

 Electrical & Electronics 

 Telecommunications 

Building & Construction 

 Others

Metal Stamping Market Regional Insights

Forecast for the North American Market

The global market for metal stamping is dominated by North America. In the automobile industry, the United States and Mexico are well-represented, particularly thanks to big businesses like Ford, General Motors, and Fiat Chrysler. Mexico is a major center for the production of stamping components and automobiles due to its affordable labor costs. Precision metal stamped parts are in high demand, particularly for defense equipment, turbines, and aircraft components, thanks to the U.S. aerospace industry, which includes firms like Raytheon, Lockheed Martin, and Boeing. The necessity for metal stamping is further fueled by North America's desire for appliances and electronics.

Forecast for the European Market

Europe has a strong automotive manufacturing sector, including Mercedes-Benz, BMW, Renault, and Volkswagen. Stamped metal components are essential for these vehicles, particularly for the construction of electric vehicles that require lightweight materials. Another significant force behind the metal stamping market is Europe's aerospace sector, which is dominated by firms like Rolls-Royce and Airbus. Stamped metal parts are also in high demand in the industrial machinery sector in nations like Germany. More efficient production techniques like metal stamping have become more popular, especially in the automobile and appliance industries, as a result of the European Union's emphasis on sustainability and environmentally friendly practices.

Forecast for the Asia-Pacific Market 

Asia Pacific holds a dominant position in the worldwide industry, with around 48% of the market in 2023. Car manufacturers including Toyota, Honda, Hyundai, and BYD are based in Asia-Pacific, particularly in China, India, Japan, and South Korea. These nations use metal stamping extensively in the production of electric vehicles, body panels, chassis, and automotive parts. The world's manufacturing of electronics is dominated by nations like China, South Korea, and Japan. The production of small, accurate parts for computers, smartphones, consumer electronics, and appliances depends heavily on metal stamping.         

The report provides a comprehensive examination of the factors driving growth, constraints, future prospects, and competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.

Key objectives of this research are: 

To explore Global Metal Stamping Market size by respective indicators.

To scrutinize the sum and estimation of the Global Metal Stamping Market, Based on key aspects.

To offer an account of the competitive landscape and investigate their development plans.

To examine the Global Metal Stamping Market for growth possibilities, and strategic growth.

To review the Global Metal Stamping Market size (volume and worth) from the organization, key market regions, items and applications, and statistical data.

To generate competitive learnings and factors analysis, SWOT examination, and business improvement plans for the future.

To scrutinize the range of available and novel organic business growth strategies.

Conclusion

The global metal stamping market is a cornerstone of modern manufacturing, enabling the production of precise, durable, and cost-effective components across industries like automotive, electronics, aerospace, and beyond. With the growing demand for lightweight materials, advancements in automation, and the rise of electric vehicles, the market is poised for substantial growth.

Challenges such as fluctuating raw material costs and stringent environmental regulations present hurdles, but they also open doors for innovation in sustainable practices and advanced technologies. Companies investing in R&D, process optimization, and strategic collaborations will thrive in this competitive landscape.

As industries continue to evolve, the metal stamping market stands as a vital player in shaping the future of manufacturing, driving efficiency, sustainability, and innovation across the globe.

[seositetool]

IIoT Platform Market New Trends, Size, Revenue, Top Key Players, Industry Analysis, Advance Technology, Future Development & Forecast – 2028

IIoT Platform Market New Trends, Size, Revenue, Top Key Players, Industry Analysis, Advance Technology, Future Development & Forecast – 2028

[chandupalle]

The global Industrial IoT (IIoT) Market size is projected to USD 106.1 billion by 2026 from USD 88.2 billion in 2023 at a compound annual growth rate (CAGR) of 6.7% during the forecast period.

[marketanalysisdata]

Metal Casting Industry Analysis And Segment Forecast till 2030

The global metal casting market size is expected to reach USD 210.40 billion by 2030, accelerating at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. Expansion of the construction sector due to infrastructure requirement and housing needs is one of the key drivers for market growth. An increase in urbanization trend in China and India is a key factor triggering the growth of housing and infrastructure industries. Incentives and funding for first-time home buyers are triggering the growth of building & construction industry. Governments across various countries are offering incentives and funding to meet the housing needs of growing population.

Aluminum casting segment is projected to grow at the highest CAGR of 8.7% over the forecast period. As per a report by The Aluminum Association, total aluminum content in vehicles is projected to reach 256 kg per vehicle by 2025, globally. Strict regulations such as Euro 6c emission standards in the European Union are contributing to the growth of the market. It has become necessary for automakers to reduce the weight of vehicles using lightweight materials such as aluminum and magnesium.

Gather more insights about the market drivers, restrains and growth of the Global Metal Casting Market

Steel segment is anticipated to grow at a moderate CAGR on account of demand from automotive components. As per the World Steel Association, around 900 kg of steel is required per vehicle. Around 34% of steel is used in doors, panels, closures, and body structure parts. The growing usage of advanced high strength steel (AHSS) is projected to create new opportunities for metal casting vendors as it reduces the weight of a vehicle and also enhances fuel efficiency and safety. Many research institutes and private organizations are working on new grades of AHSS. These grades have capabilities to reduce the vehicle weight by 25% to 39% and help achieve 3 to 4.5 tons of greenhouse gas savings over the life cycle of a vehicle.

Metal casting industry faces various challenges including underutilization of capacity, optimization of resources, high energy consumption, stringent norms, and overall effectiveness. Metal casting manufacturers are likely to focus on industrial internet of things (IIoT) over the coming years as IIoT has the potential to control and monitor the temperature of foundries, machinery downtime tracking, and enhance resource management.

Metal Casting Market Report Highlights

The aluminum segment accounted for the largest revenue share of 38.3% in 2022. The major portion of the demand in this segment is projected to come from emerging markets, especially from the automotive, construction, and oil & gas sectors.

The automotive segment held the largest revenue share of 59.5% in 2022. The global automotive production has been observing gradual yet encouraging growth in global automotive production over recent years.

Asia Pacific dominated the market and accounted for the largest revenue share of 55.4% in 2022. Asia Pacific is characterized by the presence of skilled labor at low cost, which makes it the most lucrative region for manufacturers to set up production facilities.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Luxury Furniture Market: The global luxury furniture market size was valued at USD 31.06 billion in 2024 and is expected to grow at a CAGR of 4.2% from 2025 to 2030.

Green Steel Market: The global green steel market size was estimated at USD 718.30 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2025 to 2030.

Metal Casting Market Segmentation

Grand View Research has segmented the global metal casting market based on material, application, and region:

Metal Casting Material Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

Iron

Steel

Aluminum

Others

Metal Casting Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

Automotive & Transportation

Industrial

Building & Construction

Others

Metal Casting Regional Outlook (Revenue in USD Million, Volume, Kilotons, 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Russia

Asia Pacific

Japan

China

India

Australia

Thailand

South Korea

Indonesia

Malaysia

Central & South America

Brazil

Middle East & Africa (MEA)

South Africa

Saudi Arabia

UAE

Nigeria

Order a free sample PDF of the Metal Casting Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Metal Casting Market Trends, Size, Revenue And Top Key Players Report 2030

The global metal casting market size is expected to reach USD 210.40 billion by 2030, accelerating at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. Expansion of the construction sector due to infrastructure requirement and housing needs is one of the key drivers for market growth. An increase in urbanization trend in China and India is a key factor triggering the growth of housing and infrastructure industries. Incentives and funding for first-time home buyers are triggering the growth of building & construction industry. Governments across various countries are offering incentives and funding to meet the housing needs of growing population.

Aluminum casting segment is projected to grow at the highest CAGR of 8.7% over the forecast period. As per a report by The Aluminum Association, total aluminum content in vehicles is projected to reach 256 kg per vehicle by 2025, globally. Strict regulations such as Euro 6c emission standards in the European Union are contributing to the growth of the market. It has become necessary for automakers to reduce the weight of vehicles using lightweight materials such as aluminum and magnesium.

Gather more insights about the market drivers, restrains and growth of the Global Metal Casting Market

Steel segment is anticipated to grow at a moderate CAGR on account of demand from automotive components. As per the World Steel Association, around 900 kg of steel is required per vehicle. Around 34% of steel is used in doors, panels, closures, and body structure parts. The growing usage of advanced high strength steel (AHSS) is projected to create new opportunities for metal casting vendors as it reduces the weight of a vehicle and also enhances fuel efficiency and safety. Many research institutes and private organizations are working on new grades of AHSS. These grades have capabilities to reduce the vehicle weight by 25% to 39% and help achieve 3 to 4.5 tons of greenhouse gas savings over the life cycle of a vehicle.

Metal casting industry faces various challenges including underutilization of capacity, optimization of resources, high energy consumption, stringent norms, and overall effectiveness. Metal casting manufacturers are likely to focus on industrial internet of things (IIoT) over the coming years as IIoT has the potential to control and monitor the temperature of foundries, machinery downtime tracking, and enhance resource management.

Metal Casting Market Report Highlights

The aluminum segment accounted for the largest revenue share of 38.3% in 2022. The major portion of the demand in this segment is projected to come from emerging markets, especially from the automotive, construction, and oil & gas sectors.

The automotive segment held the largest revenue share of 59.5% in 2022. The global automotive production has been observing gradual yet encouraging growth in global automotive production over recent years.

Asia Pacific dominated the market and accounted for the largest revenue share of 55.4% in 2022. Asia Pacific is characterized by the presence of skilled labor at low cost, which makes it the most lucrative region for manufacturers to set up production facilities.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Luxury Furniture Market: The global luxury furniture market size was valued at USD 31.06 billion in 2024 and is expected to grow at a CAGR of 4.2% from 2025 to 2030.

Green Steel Market: The global green steel market size was estimated at USD 718.30 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2025 to 2030.

Metal Casting Market Segmentation

Grand View Research has segmented the global metal casting market based on material, application, and region:

Metal Casting Material Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

Iron

Steel

Aluminum

Others

Metal Casting Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

Automotive & Transportation

Industrial

Building & Construction

Others

Metal Casting Regional Outlook (Revenue in USD Million, Volume, Kilotons, 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Russia

Asia Pacific

Japan

China

India

Australia

Thailand

South Korea

Indonesia

Malaysia

Central & South America

Brazil

Middle East & Africa (MEA)

South Africa

Saudi Arabia

UAE

Nigeria

Order a free sample PDF of the Metal Casting Market Intelligence Study, published by Grand View Research.

[global-research-report]

Revolutionizing Manufacturing: The Rise of Smart Factories

Smart Factory Industry Overview

The global smart factory market size is expected to reach USD 271.91 billion by 2030, expanding at a CAGR of 9.8% from 2023 to 2030, according to a new study by Grand View Research, Inc. The market for smart factory has experienced remarkable growth in recent years, primarily attributed to several factors. These include the increasing adoption of Industry 4.0 concepts characterized by integrating digital technologies such as the Internet of Things (IoT), AI, Machine Learning (ML), and industrial automation. These technologies enhance operational efficiency and enable real-time data analysis, fostering agile and responsive manufacturing processes.

Moreover, the need for cost optimization and resource efficiency has prompted businesses to invest in smart factory solutions, as they promise reduced downtime, minimized wastage, and improved resource allocation. Besides, the growing emphasis on sustainability and environmental concerns has led manufacturers to gravitate towards the adoption of smart factories to monitor and optimize energy consumption and reduce their carbon footprint.

Gather more insights about the market drivers, restrains and growth of the Smart Factory Market

Additionally, technological advancements such as integrating connected devices with IoT and cloud computing act as development factors. Automated material handling, electronic and mechanical assembly, and product testing are all made easier with these cutting-edge technologies. Force sensors are also used in smart factories to maintain constant force during polishing, buffing, and deburring, collect data for statistical process control (SPC) systems, and ensure proper component insertion. Additional aspects, including the inclusion of the Industrial Internet of Things (IIoT) and the growing usage of smart factory solutions for the production of complex automotive and medical components, are expected to propel the smart factory sector during the forecast period.

Several companies operating in the market for smart factory adopt strategies such as mergers, acquisitions, partnerships, and innovations to enhance their product offerings to cater to the larger customer base and strengthen their foothold in the industry. For instance, in October 2022, ABB Robotics launched the IRB 1010, the smallest-ever industrial robot. The compact system is developed to help electronics manufacturers improve the production of devices such as smart watches, sensors, earphones, and health trackers.

This industrial robot by ABB Robotics also comes with a high payload capacity and accuracy. The compact system is created to assist electronics manufacturers in enhancing their production of devices such as earphones, health trackers, smartwatches, and sensors through automation. Such advancements are poised to fuel the growth of the smart factory industry in the coming years.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

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Smart Factory Market Segmentation

Grand View Research has segmented the global smart factory market based on technology, field devices, application, and region:

Smart Factory Technology Outlook (Revenue, USD Billion, 2018 - 2030)

Distributed Control Systems (DCS)

Enterprise Resource Planning (ERP)

Human Machine Interface (HMI)

Manufacturing Execution System (MES)

Product Life Cycle Management (PLM)

Program Logic Controller (PLC)

Supervisory Controller and Data Acquisition (SCADA)

Others

Smart Factory Field Devices Outlook (Revenue, USD Billion, 2018 - 2030)

Sensors

Industrial Robotics

Machine Vision Systems

Others

Smart Factory Application Outlook (Revenue, USD Billion, 2018 - 2030)

Aerospace & Defense

Automotive

Energy & Power

Food and Beverages

Healthcare

Semiconductor & Electronics

Oil & Gas

Others

Smart Factory Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa (MEA)

UAE

Saudi Arabia

Rest of Middle East & Africa

Key Companies profiled:

ABB, Ltd.

Dassault Systèmes S.E.

FANUC Corporation

General Electric Company

Honeywell International, Inc.

Johnson Controls, Inc.

KUKA AG

Mitsubishi Electric Corporation

Rockwell Automation, Inc.

Schneider Electric SE

Canon Inc.

Cisco System Inc.

Emerson Electric Co.

Order a free sample PDF of the Smart Factory Market Intelligence Study, published by Grand View Research.