- How are manufacturers adopting IoT?
- What are the benefits for manufacturers in adopting IoT technology?
- What kinds of IoT technologies are being adopted in the manufacturing sector?
- How does IoT adoption in manufacturing differ across regions?
- How will IoT in manufacturing develop in the next decade?
4Q 2022
IoT in Manufacturing
Trends in Connectivity, Sensors, and Data Analytics Market Outlook and Forecast: 2022-2031
Manufacturing is the quintessential use case for the Industrial Internet of Things. Production lines and industrial machines can see large jumps in productivity by adding internet connectivity and sensors to monitor production conditions, including temperature, humidity, noise, or vibrations. The insights generated by these sensors can be used to improve industrial processes, saving manufacturers money and increasing productivity.
Key drivers for IoT adoption in manufacturing include the need to cut costs, including via energy efficiency, worker safety, and maintaining productivity levels by avoiding machine breakdowns and downtime. IoT technology can also lead to new business models and ways of working, such as hardware as a service, in which a factory leases machinery from the manufacturer, which is responsible for maintenance and repairs.
This Guidehouse Insights Market Focus report discusses how IoT is being deployed in the manufacturing sector, focusing on uses for wide and local area networks for connectivity, sensors to capture and communicate conditions on the factory floor, and analytics to determine the optimal running of machines and when breakdowns are likely to occur. It provides forecasts for the expected investment in IoT in manufacturing by global region through 2031.
Pages
25
Tables | Charts | Figures
23
Key Questions Addressed
Who Needs This Report
- Mobile telecoms operators
- Network infrastructure vendors
- Systems integrators
- Software as a service and cloud companies
- Manufacturers
Table Of Contents
1. Executive Summary
1.1 Introduction
1.2 Market Outlook
2. Market Issues
2.1 Market Overview
2.1.1 Market Drivers
2.1.1.1 Remote monitoring and predictive maintenance
2.1.1.1.1 New business models
2.1.1.2 Location sensing and worker safety
2.1.2 Market Challenges
2.1.2.1 Cost and ROI
2.1.2.2 Conservative approach to technology
2.1.2.3 Data security
3. Key Industry Players
3.1 Ericsson
3.2 LumenRadio
3.3 MaintainX
3.4 Signify
3.5 Vodafone
4. Market Forecasts
4.1 Forecast Methodology
4.2 Global Forecasts
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Latin America
4.2.5 Middle East and Africa
5. Conclusions and Recommendations
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Total IoT Manufacturing Investment by Region, World Markets: 2022-2031
- Total IoT Manufacturing Investment by Segment, World Markets: 2022-2031
- Total IoT Manufacturing Revenue by Segment, North America: 2022-2031
- Total IoT Manufacturing Revenue by Segment, Europe: 2022-2031
- Total IoT Manufacturing Revenue by Segment, Asia Pacific: 2022-2031
- Total IoT Manufacturing Revenue by Segment, Latin America: 2022-2031
- Total IoT Manufacturing Revenue by Segment, Middle East & Africa: 2022-2031
- Total IoT Manufacturing Investment by Segment, North America: 2022-2031
- Total IoT Manufacturing Investment by Segment, Europe: 2022-2031
- Total IoT Manufacturing Investment by Segment, Asia Pacific: 2022-2031
- Total IoT Manufacturing Investment by Segment, Latin America: 2022-2031
- Total IoT Manufacturing Investment by Segment, Middle East and Africa: 2022-2031
List of Tables
- Total IoT Manufacturing Investment by Region, World Markets: 2022-2031
- Total IoT Manufacturing Connectivity Investment by Region, World Markets: 2022-2031
- Total IoT Manufacturing Sensors Investment by Region, World Markets: 2022-2031
- Total IoT Manufacturing Analytics Investment by Region, World Markets: 2022-2031
- Total IoT Manufacturing Revenue by Segment, World Markets: 2022-2031
- Total IoT Manufacturing Revenue by Segment, North America: 2022-2031
- Total IoT Manufacturing Revenue by Segment, Europe: 2022-2031
- Total IoT Manufacturing Revenue by Segment, Asia Pacific: 2022-2031
- Total IoT Manufacturing Revenue by Segment, Latin America: 2022-2031
- Total IoT Manufacturing Revenue by Segment, Middle East & Africa: 2022-2031
- Other Notable IIoT Companies