The global market for smart machines was valued at $400.6 billion in 2024 and is estimated to increase from $455 billion in 2025 to reach $1.2 trillion by 2030, at a compound annual growth rate (CAGR) of 20.8% from 2025 through 2030.
The smart home devices market for smart machines was valued at $157.7 billion in 2024 and is estimated to increase from $177.8 billion in 2025 to reach $444.5 billion by 2030, at a CAGR of 20.1% from 2025 through 2030.
The autonomous vehicles market for smart machines was valued at $87.3 billion in 2024 and is estimated to increase from $102.6 billion in 2025 to reach $307.4 billion by 2030, at a CAGR of 24.5% from 2025 through 2030.
Report Scope
This report provides an analysis of the global market for smart machines. It provides global revenues (in $ billions) for segments and regions, using 2024 as the base year, with estimated market data for 2025, and forecasts of compound annual growth rates (CAGRs) through 2030. The market is segmented by product type, component, end use and region. Regions covered are North America (the U.S., Canada, Mexico), Europe (Germany, the U.K., France, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, the Middle East and Africa). The report also focuses on emerging technologies and the vendor landscape. It concludes with profiles of the leading companies in the market.
Report Includes
53 data tables and 62 additional tables
An in-depth analysis of the global markets for smart machines technologies and systems
Analyses of the global market trends, with revenue data from 2024, estimates for 2025, forecast for 2027 and projected CAGRs through 2030
Estimates of the size and revenue prospects of the global market, and a corresponding market share analysis by components (offerings), product type, technology, end-user industry and region
Facts and figures pertaining to market dynamics, technological advancements, regulations, prospects and the impacts of macroeconomic variables
Insights derived from Porter's Five Forces model, global supply chain analyses and case studies
Review of the impact of the ongoing U.S. tariffs on the smart machines market
Patent analysis, featuring key granted and published patents
An analysis of the industry structure, including companies' market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
Company profiles of major players within the industry, including Alphabet Inc. (Google Inc.), Apple Inc., Amazon.com Inc., Microsoft, and Samsung
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Market Dynamics and Growth Factors
Emerging Technologies
Segmental Analysis
Regional Insights and Emerging Markets
Conclusion
Chapter 2 Market Overview
Current Market Scenario
Future Expectations
Macroeconomic Factors
Global Economic Uncertainty and Geopolitical Tensions
Supply Chain Vulnerabilities and International Manufacturing Dependencies
Currency Fluctuations and Financial Market Volatility
Labor Market Dynamics and Talent Acquisition
Impact of U.S. Tariffs on the Smart Machine Market
Porter's Five Forces Analysis
Potential for New Entrants
Supplier Bargaining Power
Buyer Bargaining Power
Ability of Customers to Find Substitutes
Competition in the Industry
Value Chain Analysis
Raw Materials and Components
Hardware Manufacturing
Software and AI Development
System Integration Services
End-user Applications and Markets
Regulatory Landscape
North America
Europe
Asia-Pacific
Rest of the World
International Standards
Chapter 3 Market Dynamics
Takeaways
Market Drivers
Automation in Manufacturing
Demand for Autonomous Robots
Demand for Autonomous Vehicles
Advances in AI and ML
Market Restraints
High Cost of Smart Machines
Privacy and Cybersecurity Issues
Market Opportunities
Shrinking Global Labor Workforce
Increasing Government Investment in Advanced Transportation
Intelligent Assistants
Chapter 4 Emerging Trends and Technologies
Overview
Emerging Trends
Emergence of Agentic AI
Rising Demand for Specialized LLMs
Emerging Technologies
Rise of Edge AI
Federated Learning
Emergence of Neuromorphic Computing
Emergence of Self-healing Systems
Patent Analysis
Patent Grants
Findings
Chapter 5 Market Segmentation Analysis
Segmentation Breakdown
Global Smart Machine Market, by Type
Takeaways
Smart Home Devices
Autonomous Vehicles
Smart Wearables
Autonomous Robots
Autonomous Drones
Intelligent Assistants
Global Smart Machines Market, by Component
Takeaways
Hardware
Software and Services
Global Smart Machine Market, by End Use
Takeaways
Residential
Commercial/Industrial
Geographic Breakdown
Global Smart Machines Market, by Region
Takeaways
North America
Europe
Asia-Pacific
Rest of the World
Chapter 6 Competitive Intelligence
Takeaways
Market Ecosystem Analysis
Component Suppliers
Technology Providers
Systems Integrators/Manufacturers
End Users
Supporting Infrastructure
Analysis of Leading Companies
Strategic Analysis
Chapter 7 Sustainability in the Smart Machine Industry: An ESG Perspective