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
- NextDent 300 MultiJet printer delivers a “Coming of Age for Digital Dentistry” at Evolution Dental Solutions
- Get recognized for bringing manufacturing back to North America
- Adaptive Coolant Flow improves energy efficiency
- VOLTAS opens coworking space for medical device manufacturers
- MEMS accelerometer for medical implants, wearables
- The compact, complex capabilities of photochemical etching
- Moticont introduces compact, linear voice coil motor
- Manufacturing technology orders reach record high in December 2025
