Report Description

India IoT In Manufacturing Market is anticipated to grow at a robust pace during the forecast period, 2024-2028. A system of interconnected computing devices, mechanical and digital machines, objects, or people that are given unique identifiers (UIDs) and the capacity to transfer data over a network without needing human-to-human or human-to-computer interaction is known as the Internet of Things. It is essentially an ecosystem, which is a connected network of embedded devices consisting of devices/things, connectivity, and services that communicate without human intervention by using standard and interoperable communication protocols. Growth in the market is driven by its extensive usage in smart industries. Smart industry can fully-integrate and collaborate manufacturing systems that respond in real time to meet changing demands and conditions in the smart factory, in supply network, and as per customer needs. Analytics, along with IoT, is being used to optimize inventory in hand and automatically signal for replenishment which will boost the India IoT in manufacturing market. The growing adoption of cloud computing services owing to their cost effectiveness, high performance, and accessibility will enhance the India IoT in Manufacturing Market. Moreover, supportive government initiatives such as “Digital India” & “Make in India” are anticipated to act as a catalyst in the growth of the India IoT in Manufacturing Market.

Higher Adoption for Industrial Automation in Manufacturing

Industrial automation has seen a significant rise in demand in the manufacturing industry in recent years. There are several reasons for this trend, including, increased efficiency and productivity as automated systems can work faster and more accurately than humans, which leads to higher productivity and efficiency. Automated systems can reduce the need for manual labor, resulting in lower labor costs for manufacturers. Automated systems can help to improve product quality by ensuring that products are produced consistently and in correct specifications. Automated systems can help to reduce the risk of workplace accidents and improve overall safety in the workplace. Automated systems can be programmed to adapt to changes in production processes, making it easier for manufacturers to switch production between different products.

Overall, the increasing demand for industrial automation in manufacturing is driven by many benefits, including increased efficiency, lower labor costs, improved product quality, increased safety, and increased flexibility.

Investments in Industry 4.0

India is one of the fastest-growing economies, and the country has been making significant investments in Industry 4.0 in recent years. This trend is driven by several factors, such as government support, the Government of India has been actively promoting Industry 4.0 and has implemented policies to encourage investment in this area.

India's manufacturing industry has been growing rapidly in recent years, and many manufacturers are looking to adopt Industry 4.0 technologies to improve their competitiveness. Moreover, India has a large young and highly skilled working population and there is growing demand for high-tech products in India, which is driving investment in Industry 4.0 technologies. Overall, the growing investments in Industry 4.0 in India reflect the country's growing manufacturing industry, favorable business environment, and the availability of skilled labor. This trend is expected to continue in the coming years, as more companies look to adopt Industry 4.0 technologies to improve their competitiveness and meet the growing demand for high-tech products.

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Market Segmentation

India IoT In Manufacturing Market is segmented based on component, application area, and vertical. Based on component, the market is segmented into solutions, services, and platforms. Based on application area, the market is bifurcated into predictive maintenance, business process optimization, asset tracking & management, logistics & supply chain management, real-time workforce tracking & management, automation control & management, emergency & incident management, and business communication. Based on vertical, the market is segmented into energy & utilities, automotive, food & beverages, aerospace & defense, chemicals & materials, high-tech products, healthcare, and others

Market Players

Major market players in the India IoT in Manufacturing market are IBM India Pvt. Ltd., Cisco Systems (India) Pvt. Ltd., Huawei Telecommunications India Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Schneider Electric India Pvt. Ltd., Siemens Limited, Bosch Ltd., SAP India Private Limited, General Electric India, Zebra Technologies India Private Limited



Base Year


Historic Data

2018 – 2021

Estimated Year


Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Component

By Application Area

By Vertical

By Region

Country scope


Regional scope

North, South, East, and West

Key companies profiled

IBM India Pvt. Ltd., Cisco Systems (India) Pvt. Ltd., Huawei Telecommunications India Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Schneider Electric India Pvt. Ltd., Siemens Limited, Bosch Ltd., SAP India Private Limited, General Electric India, Zebra Technologies India Private Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, the India IoT in Manufacturing market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            ·         India IoT In Manufacturing Market, By Component:

o   Solutions

o   Services

o   Platforms

            ·         India IoT In Manufacturing Market, By Application Area:

o   Predictive Maintenance

o   Business Process Optimization

o   Asset Tracking & Management

o   Logistics & Supply Chain Management

o   Real-Time Workforce Tracking & Management

o   Automation Control & Management

o   Emergency & Incident Management

o   Business Communication

            ·         India IoT In Manufacturing Market, By Vertical:

o   Energy & Utilities

o   Automotive

o   Food & Beverages

o   Aerospace & Defense

o   Chemicals & Materials

o   High-Tech Products

o   Healthcare

o   Others

            ·         India IoT In Manufacturing Market, By Region:

o   North

o   South

o   East

o   West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India IoT in Manufacturing market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The India IoT in Manufacturing market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

4.1.  Brand Awareness

4.2.  Factors Considered while Selecting Service Providers

4.3.  Key Satisfaction Level

4.4.  Major Challenges Faced

5.    India IoT In Manufacturing Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component (Solutions, Service, and Platform)

5.2.2.    By Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, and Business Communication)

5.2.3.    By Vertical (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, High-Tech Products, Healthcare, Others)

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Component

5.3.2.    By Application Area

5.3.3.    By Vertical

5.3.4.    By Region

6.    North India IoT in Manufacturing Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component

6.2.2.    By Application Area

6.2.3.    By Vertical

7.    South India IoT in Manufacturing Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Application Area

7.2.3.    By Vertical

8.    West India IoT in Manufacturing Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Application Area

8.2.3.    By Vertical

9.    East India IoT in Manufacturing Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Application Area

9.2.3.    By Vertical

10. Market Dynamics

10.1. Drivers

10.1.1. Rising Demand for Industrial Automation in Manufacturing

10.1.2. Growing Investments toward Industry 4.0

10.1.3. Growing Need to Improve Productivity and Efficiency

10.2. Challenges

10.2.1. Issues Related to Data Security and Privacy in IoT

10.2.2. High Initial Investment

11. Market Trends & Developments

11.1.   Emerging 5G Technology to Help in IoT Adoption

11.2.   Smart Manufacturing Initiatives

11.3.   Government Initiatives

11.4.   Adoption of cloud-based solutions

11.5.   Growing adoption of IoT in supply chain

12. Impact of COVID-19 on India IoT in Manufacturing Market

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Company Profiles

15.1.             IBM India Pvt. Ltd.

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services

15.2.             Cisco Systems (India) Pvt. Ltd.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services

15.3.             Huawei Telecommunications India Pvt. Ltd.

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services

15.4.             Microsoft Corporation (India) Pvt. Ltd.

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services

15.5.             Siemens Limited

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services

15.6.             Schneider Electric India Pvt. Ltd.

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services

15.7.             Zebra Technologies India Private Limited

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services

15.8.             Bosch Ltd.

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services

15.9.             SAP India Private Limited

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services

15.10.          General Electric India

15.10.1.              Business Overview

15.10.2.              Key Revenue and Financials

15.10.3.              Recent Developments

15.10.4.              Key Personnel

15.10.5.              Key Product/Services

16. Strategic Recommendations

16.1.   Fastest Growing Market by Vertical

16.2.   Fastest Growing Market by Application area

16.3.   Dominating Market by Region

16.4.   Growing Technologies

17. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions


The Internet of Things (IoT) is expected to have a significant impact on the future of manufacturing in India. IoT technologies can help improve efficiency, productivity, and competitiveness in the manufacturing sector, by enabling real-time monitoring, automation, and data analysis.


India has recently enacted regulations related to Internet of Things (IoT) in the manufacturing sector, to ensure safe and secure use of IoT technologies. Manufacturers are required to meet these regulations when deploying IoT solutions in the manufacturing sector, and to demonstrate compliance through regular audits and inspections. Non-compliance with these regulations can result in fines or other penalties.


IBM India Pvt. Ltd., Cisco Systems (India) Pvt. Ltd., Huawei Telecommunications India Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Schneider Electric India Pvt. Ltd., Siemens Limited, Bosch Ltd., SAP India Private Limited, General Electric India, Zebra Technologies India Private Limited are the main market players in the India IoT in Manufacturing Market


Some of the advantages of IoT in manufacturing are increased efficiency, improved quality control, enhanced worker safety, improved supply chain management, predictive maintenance, and improved decision making.


Sakshi Bajaal

Business Consultant
Press Release

India IoT in Manufacturing Market is expected to drive by Smart Manufacturing Initiatives

May, 2023

Government initiatives related to the industry 4.0 are expected to increase the adoption rate of IoT devices, during the forecast period of 2024-2028.