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
- IMTS 2026 runs Sept. 14-19 at McCormick Place in Chicago, Illinois
- Master Bond’s MasterSil 800Med
- ZEISS celebrates 100 years of advancing innovation in the US
- Teleflex sells acute care and urology businesses for $2.03 billion
- HANNOVER MESSE: Where research and manufacturing meet
- What’s next for the design and manufacturing industry in 2026?
- Arcline to sell Medical Manufacturing Technologies to Perimeter Solutions
- Decline in German machine tool orders bottoming out
