ICONS: ADOBE STOCK
Growth in manufacturing technologies from 2019 through 2024
In billions
Industry 4.0: 2019: $71.7; 2024: $156.6; 16.9% CAGR
CNC machine tools*: 2019: $88.2; 2024: $115.2; 5.5% CAGR
Engineering software*: 2019: $29.2; 2024: $54.6; 13.3% CAGR
Metal cutting tools*: 2019: $24.2; 2024: $36.8; 8.8% CAGR
Industrial robots*: 2019: $18.9; 2024: $31.7; 12.0% CAGR
Manufacturing execution systems (MES)*: 2019: $12.3; 2024: $24.1; 14.3% CAGR
Additive manufacturing*: 2019: $9.9; 2024: $22.4; 7.7% CAGR
Industrial metrology: 2019: $9.6; 2024: $13.7; 6.0% CAGR
*Various reports contained different starting and ending years. TMD editors applied projected growth rates to calculate 2019 and 2024 sales numbers for these reports.
Explore the January February 2020 Issue
Check out more from this issue and find your next story to read.
Latest from Today's Medical Developments
- The manufacturing resurgence is here – are you ready?
- Workholding solutions for your business
- ZOLLER events will showcase the company’s cutting-edge innovations
- THINBIT’s MINI GROOVE ‘N TURN Acme threading inserts
- CMMC Roll Out: When Do I Need to Comply? webinar
- Metabolic research uses Siemens gas analyzers to deliver results with 99.9999% resolutions
- Mazak’s SYNCREX 38/9 Swiss-type production turning machine
- Current economic and geopolitical realities demand decisive action
