New data from IoT Analytics shows the global smart manufacturing market reached $175 billion in 2025. This growth is part of broader market forecasts projecting expansion across key Internet of Things (IoT) sectors, driven by increasing smart device adoption.
The latest figures and projections offer insights into specific industrial segments where connected technologies are being implemented, revealing growth in markets such as manufacturing, agricultural technology, and warehouse logistics. This IoT market projected growth is detailed in separate forecasts that analyze the role of smart device adoption and automation in response to specific industry demands, such as shifts in global supply chains and the need for greater operational efficiency.
What We Know So Far
- The global smart manufacturing market was valued at $175 billion in 2025, according to market analysis by IoT Analytics.
- The global warehouse tug robots market is poised for a significant transformation between 2026 and 2035, reports IndexBox.
- Agribusinesses and commercial farms are embracing connected devices, real-time data analytics, and automation, according to a market report highlighted by Yahoo Finance.
- The Global Temperature Sensors Market is projected for a USD 12.76 Billion expansion, with Industrial IoT cited as a driving factor, as reported by Morningstar.
- E-commerce Fulfillment and Parcel Logistics is estimated to represent 35% of the demand structure for warehouse tug robots, per IndexBox analysis.
What is Fueling the Internet of Things Market Growth?
Industrial AI is "re-energizing" the smart manufacturing market, according to IoT Analytics. This drives growth in investments for data management, AI platforms, and other AI-related technologies within industrial settings. The firm projects the market will expand at a Compound Annual Growth Rate (CAGR) of 9.3%.
In the logistics sector, growth in the warehouse tug robots market is "fundamentally driven by the structural shift in global supply chains," according to IndexBox. The research firm states that this shift demands higher levels of flexibility, throughput, and labor efficiency, which automation technologies address. The report also notes that advancements in navigation, declining sensor costs, and more sophisticated fleet management software are contributing factors.
Agribusinesses are increasingly adopting connected devices and real-time data analytics, as noted in a report on the Agriculture IoT Market. Separately, a Morningstar report states Industrial IoT drives the expansion of the Global Temperature Sensors Market, critical components in automated and smart device systems.
What We Know About Next Steps
Market reports outline specific forecast periods and projections for various IoT sectors. These timelines track market development but are not definitive outcomes, and no other official timelines or next steps have been announced.
According to the source material:
- The smart manufacturing market is projected by IoT Analytics to reach $274 billion by 2030.
- The global warehouse tug robots market has a forecast period from 2026 to 2035, during which IndexBox projects robust and sustained growth under its baseline scenario.
- The Agriculture IoT Market has a global forecast period that extends from 2026 to 2032.
