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
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