Global Smart Connected Assets and Operations Market to Reach $536.1 Billion by 2030
The global market for Smart Connected Assets and Operations estimated at US$270 Billion in the year 2022, is projected to reach a revised size of US$536.1 Billion by 2030, growing at a CAGR of 9% over the analysis period 2022-2030. Factory Automation, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$130 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Automotive & Transportation segment is readjusted to a revised 10.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $79 Billion, While China is Forecast to Grow at 8.3% CAGR
The Smart Connected Assets and Operations market in the U.S. is estimated at US$79 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$92.5 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 7.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.Select Competitors (Total 29 Featured) -
- ARM Ltd.
- Cisco Systems, Inc.
- Cypress Semiconductor Corporation
- General Electric Company
- IBM Corporation
- Intel Corporation
- NXP Semiconductors NV
- Rockwell Automation, Inc.
- STMicroelectronics NV
- Texas Instruments, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ARM Ltd.
- Cisco Systems, Inc.
- Cypress Semiconductor Corporation
- General Electric Company
- IBM Corporation
- Intel Corporation
- NXP Semiconductors NV
- Rockwell Automation, Inc.
- STMicroelectronics NV
- Texas Instruments, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 188 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 270 Billion |
Forecasted Market Value ( USD | $ 536.1 Billion |
Compound Annual Growth Rate | 9.0% |
Regions Covered | Global |