Emerging Technologies in Manufacturing Market Size is valued at US$ 226.6 Mn in 2024 and is predicted to reach US$ 1,147.6 Mn by the year 2034 at an 17.9% CAGR during the forecast period for 2025-2034.
Emerging technologies in manufacturing refer to advanced, innovative tools and processes, such as automation, AI, additive manufacturing, robotics, and IoT, that transform production systems by expanding efficiency, flexibility, sustainability, and competitiveness in industrial operations and global supply chains. The emerging technologies in the manufacturing market are significantly driven by the increasing adoption of automation, which is transforming efficiency, productivity, and quality across various industries.
Manufacturers in the automotive, electronics, aerospace, and consumer goods industries are integrating robotics, AI-powered systems, and Industrial IoT platforms to streamline processes and reduce human error. Automation enables predictive maintenance, real-time monitoring, and adaptive production lines that can respond quickly to market demand. Rising labour shortages and cost pressures further fuel the shift toward automated solutions. Additionally, smart factories powered by digital twins and cutting-edge sensors help achieve mass customisation and sustainability goals, making automation a cornerstone of next-generation manufacturing competitiveness globally.
Emerging technologies in the manufacturing market are experiencing strong growth, with advancements in 3D printing serving as a key driver. Additive manufacturing enables the rapid prototyping, customisation, and cost-efficient production of complex geometries that are challenging to achieve with traditional methods.
This flexibility accelerates product development cycles and reduces material waste, supporting sustainability goals. In industries such as aerospace, automotive, and healthcare, 3D printing enhances the design of lightweight components, improves spare part availability, and enables the production of patient-specific medical devices. Continuous improvements in multi-material printing, metal additive manufacturing techniques, and scalability are strengthening adoption across mass production. As manufacturers embrace Industry 4.0, integrating 3D printing with AI and IoT further boosts efficiency and competitiveness.
Some of the Key Players in the Emerging Technologies in Manufacturing Market:
· General Electric Company
· Siemens
· Honeywell International Inc.
· ABB
· Rockwell Automation
· NVIDIA Corporation
· Dassault Systèmes
· Autodesk Inc.
· FANUC CORPORATION
· Mitsubishi Electric Corporation
· Emerson Electric Co.
· Bosch Rexroth AG
· Intel Corporation
· Zebra Technologies Corp
· Schneider Electric
The emerging technologies in manufacturing market is segmented by application, and technology. By application, the market is segmented into internet of things, artificial intelligence & machine learning, advanced robotics & automation, additive manufacturing, digital twin technology, edge & cloud computing, sustainable and green technology. By technology, the market is segmented into automotive, aerospace & defense, electronics & semiconductors, healthcare & pharmaceuticals, food & beverages, others.
In 2024, the payments held the major market share due to the push toward electrification, lightweighting, and smart production systems. Automakers are adopting advanced robotics, AI-driven quality control, and digital twins to enhance precision, decrease expenses, and accelerate product development. Additive manufacturing allows rapid prototyping and customization of components, while advanced materials such as composites and alloys support lightweight vehicle design for expanded fuel efficiency and EV range. Industry 4.0 integration, such as IoT-enabled predictive maintenance, further optimises production lines, ensuring higher efficiency, sustainability, and flexibility in the automotive manufacturing sector.
The emerging technologies in the manufacturing market are dominated by additive manufacturing, which offers the ability to decrease production expenses, reduce material waste, and accelerate prototyping. Manufacturers are increasingly adopting 3D printing for the production of complex parts, lightweight structures, and customised products across various industries, including aerospace, automotive, and healthcare.
The technology supports on-demand production, shortening supply chains and reducing inventory costs. Furthermore, advancements in materials, including metals and composites, expand application possibilities. As sustainability pressures expand, additive manufacturing’s efficiency and reduced carbon footprint further expand its widespread adoption in modern manufacturing.
North America dominates the market for emerging technologies in manufacturing due to region’s rapid adoption of automation, AI, and Industrial IoT to improve efficiency, productivity, and supply chain resilience. Increasing labour expenses and skills shortages are prompting manufacturers to integrate robotics, digital twins, and predictive analytics for more efficient operations.
Government initiatives supporting reshoring and advanced manufacturing, particularly in sectors such as aerospace, automotive, and semiconductors, further fuel the deployment of technology. Additionally, sustainability goals and need for energy-efficient production processes allow investments in additive manufacturing, smart materials, and clean manufacturing solutions.
Moreover, Europe's emerging technologies in the manufacturing market are also fueled by the region’s strong concentration on Industry 4.0 adoption, sustainability, and competitiveness in global supply chains. Manufacturers are more and more using automation, IoT, AI, and additive manufacturing to drive productivity and lower costs.
The European Green Deal and ambitious carbon reduction targets are driving businesses towards smart, energy-efficient production systems. Moreover, digitalization initiatives supported by governments and R&D investments support the incorporation of robotics, advanced analytics, and digital twins. Increased demand for customised products and resilient supply chains further drives the adoption of cutting-edge manufacturing technologies in Europe's automotive, aerospace, and industrial industries.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 226.6 Mn |
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Revenue Forecast In 2034 |
USD 1,147.6 Mn |
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Growth Rate CAGR |
CAGR of 17.9% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Application, By Technology |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; Germany; The UK; France; Italy; Spain; Rest of Europe; China; Japan; India; South Korea; Southeast Asia; Rest of Asia Pacific; Brazil; Argentina; Mexico; Rest of Latin America; GCC Countries; South Africa; Rest of the Middle East and Africa |
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Competitive Landscape |
General Electric Company, Siemens, Honeywell International Inc., ABB, Rockwell Automation, NVIDIA Corporation, Dassault Systèmes, Autodesk Inc., FANUC Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Bosch Rexroth AG, Intel Corporation, Zebra Technologies Corp, and Schneider Electric |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Emerging Technologies in Manufacturing Market by Application-
· Automotive
· Aerospace & Defense
· Electronics & Semiconductors
· Healthcare & Pharmaceuticals
· Food & Beverages
· Others
Emerging Technologies in Manufacturing Market by Technology-
· Internet of Things
· Artificial Intelligence & Machine Learning
· Advanced Robotics & Automation
· Additive Manufacturing
· Digital Twin Technology
· Edge and Cloud Computing
· Sustainable & Green Technology
· Others
Emerging Technologies in Manufacturing Market by Region-
North America-
· The US
· Canada
Europe-
· Germany
· The UK
· France
· Italy
· Spain
· Rest of Europe
Asia-Pacific-
· China
· Japan
· India
· South Korea
· Southeast Asia
· Rest of Asia Pacific
Latin America-
· Brazil
· Argentina
· Mexico
· Rest of Latin America
Middle East & Africa-
· GCC Countries
· South Africa
· Rest of the Middle East and Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
