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Digital Spending for Smart Manufacturing Solutions in Southeast Asia

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Key Verticals and Opportunities for Smart Manufacturing in Southeast Asia

Presentation | 2Q 2024 | PT-2901

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Overall digital spending (smart manufacturing solutions/Industry 4.0) across identified Southeast Asian countries is projected to increase from US$54 billion in 2022 to over US$300 billion in 2028 at a Compound Annual Growth Rate (CAGR) of 32.9%. By 2028, the biggest digital spending countries in Southeast Asia are expected to be Thailand, followed by Malaysia, and then Singapore. However, Vietnam is forecast to post the highest CAGR of 50.7% between 2022 and 2028.