Smart Manufacturing China’s Smart Manufacturing Market Size In 2016, China's smart manufacturing industry output value reached 1.2 trillion RMB. Since 2011, the average annual growth rate in the past 5 years is more than 20%, far higher than the growth rate of GDP. Smart manufacturing industry is developing at a high speed, the industry output value is estimated to reach 3 trillion RMB by 2020. Source: Qianzhan Research Academy, The analysis on development and market size of China Smart Manufacturing Industry in 2017