From GlobeNewswire: 2024-11-11 08:30:00

The Smart Hardware ODM Market is evolving rapidly, driven by technological advancements and the demand for IoT and automation in industrial and medical electronics. In 2023, 88% of car buyers conducted online research, spending an average of 14 hours. Smart hardware ODMs are crucial for developing smart sensors, robotics hardware, and IoT devices for enhanced operational efficiency and data-driven decision-making in industrial settings.

Industrial Hardware ODMs dominated the market in 2023, holding over 55% of the share. The surge in smart hardware solutions is fueled by the increasing demand for IoT devices and industrial automation. Customizing technologies for specific industrial needs has been key for maintaining market dominance. Foxconn and Pegatron supply advanced electronic modules for industrial processes, accelerating digital transformation.

North America led the Smart Hardware ODM Market in 2023, capturing over 35% of the market share. High adoption rates of connected devices and smart home technology drove this growth. Europe is expected to see significant growth from 2024 to 2032 due to IoT adoption and government support for smart city initiatives. Companies like Smartrac N.V. and Harman International focus on environmentally friendly technology for industries like medical electronics and home automation in Europe.

Future trends in the Smart Hardware ODM Market include the integration of AI and machine learning for predictive maintenance, expansion of smart manufacturing solutions in line with Industry 4.0, and the development of IoT-enabled consumer devices. Smart Hardware ODMs will continue to innovate wearable devices, home automation products, and energy-efficient consumer electronics to meet the demand for smart homes and personal well-being. SNS Insider offers insights on the Smart Hardware ODM Market growth and outlook for 2024-2032. For more information or custom research, contact [email protected]. The company is a leading global market research and consulting agency, providing clients with accurate data, consumer insights, and opinions to make confident decisions in a changing market landscape.



Read more at GlobeNewswire: Smart Hardware ODM Market to Grow Significantly by 2032