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Emerging Technologies in Manufacturing Market Report Coverage

Emerging Technologies in Manufacturing Market

Base Year

2023

Market Size in 2024

$209.30 Million

Forecast Period

2024-2034

Value Projection and Estimation by 2034

$1,145.53 Million

CAGR During Forecast Period

18.53%

Number of Pages

134

Number of Tables

50

Number of Figures

36

 

Key Market Players and Competition Synopsis

The companies profiled in the emerging technologies in manufacturing market have been selected based on inputs gathered from primary experts and through an analysis of company coverage, product portfolio, application, and market penetration. The emerging technologies in manufacturing market has been characterized by the presence of companies leading in automation, AI, IoT, and digital transformation, driving innovation across industries to enhance efficiency, productivity, and sustainability. This competitive landscape is marked by rapid technological innovation and strategic investments aimed at enhancing manufacturing productivity and operational efficiency.

Major players in the emerging technologies in manufacturing market include General Electric Company, Siemens, Honeywell International Inc., and FANUC CORPORATION.

Some other prominent emerging technologies in manufacturing market key players include:

•    ABB
•    Rockwell Automation 
•    NVIDIA Corporation 
•    Dassault Systèmes
•    Autodesk Inc. 
•    Mitsubishi Electric Corporation
•    Emerson Electric Co. 
•    Bosch Rexroth AG
•    Intel Corporation
•    Zebra Technologies Corp.
•    Schneider Electric

How can this report add value to an organization?

Technology/Innovation Strategy: The technology segment provides a comprehensive overview of the various emerging technologies available in the manufacturing sector, including automation, artificial intelligence, robotics, 3D printing, and the Industrial Internet of Things (IIoT). These technologies are revolutionizing production processes, enhancing efficiency, and enabling greater customization and sustainability.

Growth/Marketing Strategy: The global emerging technologies in manufacturing market has seen major development by key participants operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategies of the companies have been partnership, collaboration, and joint venture activities to strengthen their position in the global emerging technologies in manufacturing market.

Competitive Strategy: Key players in the global emerging technologies in manufacturing market analyzed and profiled in the study include companies developing advanced automation systems, AI-driven solutions, robotics, and IoT-based technologies to drive innovation and efficiency. The analysis covers market segments by distinct technologies, applications served, regional presence, and the impact of key market strategies. Additionally, detailed competitive benchmarking has been conducted to illustrate how players compare, providing a clear view of the market landscape.

Research Methodology

Data Sources

Primary Data Sources

The primary sources involve industry experts from the emerging technologies in manufacturing industry and various stakeholders such as standards and certification organizations, emerging technologies in manufacturing project developers, and accounting tool providers. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

•    validation and triangulation of all the numbers and graphs
•    validation of reports segmentation and key qualitative findings
•    understanding the competitive landscape
•    validation of the numbers of various markets for market type
•    percentage split of individual markets for regional analysis

Secondary Data Sources

This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as ITU, Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global emerging technologies in manufacturing market. In addition to the data sources, the study has been undertaken with the help of other data sources and websites, such as Data Center Dynamics and Data Center Knowledge.

Secondary research was done to obtain crucial information about the industry’s value chain, revenue models, the market’s monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

•    segmentations and percentage shares
•    data for market value
•    key industry trends of the top players of the market
•    qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
•    quantitative data for mathematical and statistical calculations

Data Triangulation

This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global emerging technologies in manufacturing market.

The market engineering process involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes has been explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.

Factors for Data Prediction and Modeling

•    The section exhibits the standard assumptions and limitations followed throughout the research study, which is named the global emerging technologies in manufacturing market.
•    The scope of this report has been focused on various applications and product types.
•    The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
•    The currency conversion rate was taken from the historical exchange rate on the Oanda website. 
•    Nearly all the recent developments from January 2021 to April 2025 have been considered in this research study.
•    The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
•    Where relevant information was not available, proxy indicators and extrapolation were employed.
•    Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
•    Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.

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Emerging Technologies in Manufacturing Market - A Global and Regional Analysis

Focus on Application, Technology, Country Analysis - Analysis and Forecast, 2024-2034

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Some Faq's

Frequently Asked Questions

Emerging technologies in manufacturing refer to innovative solutions and advancements that are transforming traditional manufacturing processes. These include automation, artificial intelligence (AI), robotics, the Industrial Internet of Things (IIoT), 3D printing, and data analytics. These technologies enable manufacturers to improve operational efficiency, enhance product quality, reduce costs, and enable greater customization and flexibility in production. Additionally, they support sustainability initiatives by optimizing resource usage and reducing waste, helping businesses adapt to the evolving demands of the global market.

Existing market players across various industries are increasingly adopting emerging technologies in manufacturing to strengthen their market position by enhancing operational efficiency, reducing production costs, and improving product quality. Companies are integrating automation, artificial intelligence (AI), and the Industrial Internet of Things (IIoT) into their manufacturing processes to optimize production, enable real-time monitoring, and enhance decision-making. Additionally, the use of advanced technologies such as robotics, 3D printing, and data analytics allows for greater customization, faster time-to-market, and more sustainable practices, enabling businesses to stay competitive in an increasingly digital and demand-driven marketplace.

New companies entering the emerging technologies in manufacturing market must focus on areas such as automation, artificial intelligence (AI), and data analytics to enhance operational efficiency and reduce costs, thereby gaining a competitive edge. By prioritizing sustainable manufacturing solutions, including energy-efficient technologies and waste-reduction methods, these companies can stand out in a market that increasingly values environmental responsibility. Additionally, developing advanced applications of robotics, 3D printing, and the Industrial Internet of Things (IIoT) for customized production and real-time monitoring positions new entrants to meet the growing demand for flexibility and innovation in manufacturing. Establishing strong collaborations and investing in ongoing R&D could be essential for long-term success in this dynamic market.

The USP of the emerging technologies in manufacturing market report lies in its comprehensive coverage of various emerging technologies in manufacturing projects, key drivers, challenges, opportunities, and industry trends. It includes detailed segmentation by technology and application, as well as country and company-specific patent insights and market statistics with forecasts up to 2034. This data and analysis enable stakeholders to make informed decisions, identify emerging trends, and strategize effectively for market growth and competitive advantage.

The following industries would benefit from this report:
1.    Automotive Industry
2.    Electronics and Semiconductor Industry
3.    Healthcare and Medical Devices
4.    Consumer Goods and Retail
5.    Aerospace and Defense

Some of the market drivers include:
1.    Surging Demand for Smart Factories and Industry 4.0
2.    Government Incentives and Regulations for Emerging Technologies in Manufacturing
3.    Shortage of Skilled Workforce and Need for Automation
4.    Rapid Growth of Additive Manufacturing (3D Printing)

Some of the business challenges within the market include:
1.    High Implementation and Maintenance Costs
2.    Cybersecurity Risks and Data Breaches
3.    Lack of Standardization in Smart Manufacturing

The global emerging technologies in manufacturing market was valued at $179.50 million in 2023 and is projected to grow at a CAGR of about 18.53% to reach $1,145.53 million by 2034.

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