Smart Machines Market Holds Significant Growth Opportunities Supported by Advancements in Industry

The smart machines market comprises robotics, autonomous vehicles, 3D printing, drones, and many advanced manufacturing technologies that are capable of operating autonomously with minimal human intervention. Smart machines find applications across industries, such as automotive, electronics & electrical, metal & machinery, pharma & cosmetics, food & beverages, and logistics. The ability of smart machines to automate error-prone and hazardous processes has increased their demand from manufacturers. Smart machines optimize operational efficiency by reducing downtime and human errors. The growing need to improve productivity and quality of production by automating processes is fueling adoption of smart machines across industries. The global smart machines market is estimated to be valued at US$ 165.43 Mn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the smart machines market size are O...