Global Advanced Manufacturing Market Size, Share & Trends Analysis Report, By Technology (Additive Manufacturing, Digital Manufacturing, Robotics, Smart Manufacturing, Advanced Materials, Other Technologies), By End User (Automotive, Aerospace and Defense, Electronics and Semiconductors, Healthcare, Energy, Construction, Chemicals, Food and Beverage, Other End Users), By Region (North America, Europe, APAC, and Others), and Segment Forecasts, 2023 – 2030
  • Published Date: Dec, 2023
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  • Pages: 200
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  • Methodology
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The global Advanced Manufacturing market was valued at around US $220.8 BN in 2022 and is expected to reach US $754.25 BN by 2030 with a CAGR of 15.87% during the forecast period.

Advanced manufacturing refers to the use of innovative technologies, processes, and methods to improve and optimize the manufacturing of products. This term encompasses a wide range of cutting-edge techniques and technologies that go beyond traditional manufacturing approaches. Advanced manufacturing often integrates elements of digitalization, automation, and the use of advanced materials to enhance efficiency, productivity, and flexibility in the production process. The goal of advanced manufacturing is to create a more efficient, agile, and competitive manufacturing sector. It plays a crucial role in driving innovation, reducing production costs, and addressing the challenges of modern industries.

The Advanced Manufacturing industry has attracted significant investment from both traditional industrial and manufacturing industries and new entrants, including technology companies and startups. This financial support indicates a high level of interest and commitment to developing and adopting this type of packaging methods. For instance, in 2023, the government of the United Kingdom announced Advanced Manufacturing Plan and approved five investment zones, each with a £160 million (USD 200.55 million) budget over ten years, with an emphasis on advanced manufacturing. These zones are located in the Northeast, South Yorkshire, Greater Manchester, East and West Midlands, and South Yorkshire. These regions have all attracted significant investment from advanced manufacturing companies. Funding totalling £4.5 billion (USD 5.64 billion) is provided to stimulate investment in key industrial sectors. Of this, £3 billion (USD 3.76 billion) is allocated for the automotive and aerospace industries through 2030, which aims to support the development of advanced technologies and accelerating the shift to net zero emissions.

This includes batteries. It aims to guarantee that the United Kingdom stays among the top locations in the world for conducting cutting edge research and bringing new products to the market. The country is leveraging £5 (USD 6.27) of extra private sector investment for every £1 (USD 1.25) invested by the government in the future of manufacturing. In order to guarantee that top SMEs in the industrial sector can profit from digital technologies, it also aims to expand the popular Made Smarter programme. Also, in 2022, USD 2 million in funding was announced by the U.S. Department of Energy (DOE) and the Clean Energy Smart Manufacturing Innovation Institute (CESMII). The major aim of the funding is to assist manufacturers in implementing smart manufacturing processes and technologies that will improve efficiency, reduce energy consumption, and strengthen competitiveness throughout energy-intensive industries. Artificial intelligence, machine learning, robots, and other smart manufacturing technologies are being advanced at a rapid rate. This leads to more automation and integration, which helps manufacturers monitor, assess, and enhance their operations.

Drivers

Increasing adoption of Industry 4.0 

The increasing adoption of Industry 4.0 signifies a significant shift in manufacturing practices, leveraging advanced technologies to create more intelligent, connected, and efficient industrial processes. Industry 4.0, often referred to as the fourth industrial revolution, is characterized by the integration of digital technologies into the manufacturing landscape. The increasing adoption of Industry 4.0 is driven by the desire for improved operational efficiency, cost savings, and the ability to stay competitive in a rapidly evolving global market. As technology continues to advance, the integration of Industry 4.0 principles is likely to become even more widespread across various industries. Also, some governments offer incentives, grants, and support for companies adopting Industry 4.0 practices. These initiatives encourage businesses to invest in technology and modernize their manufacturing operations. For instance, the "Made Smarter" initiative is a United Kingdom government-backed program aimed at boosting the adoption of digital technologies, including Industry 4.0, among small and medium-sized enterprises (SMEs) in manufacturing. It provides advice, funding, and support for the implementation of technologies like robotics, artificial intelligence, and the Internet of Things. Also, National Network for Manufacturing Innovation is a network of research institutes and centres that collaborate on advancing manufacturing technologies and processes. It aims to strengthen U.S. manufacturing competitiveness and support the development of Industry 4.0-related capabilities. Moreover, Technology Acquisition and Development Fund is an Indian government initiative that provides financial support for the acquisition and development of technologies, including those related to advanced manufacturing and Industry 4.0. All such government initiatives are expected to further boost the adoption of Industry 4.0 to support advanced manufacturing.

Challenges

Concerns regarding data privacy and security

The adoption of advanced manufacturing technologies, including Industry 4.0 practices, often involves the collection, processing, and sharing of large amounts of data. While these technologies offer numerous benefits, there are legitimate concerns regarding data privacy and security. The increased connectivity and data exchange in advanced manufacturing create more points of vulnerability. A data breach could expose sensitive information about products, processes, or intellectual property, leading to potential economic and competitive risks. Also, advanced manufacturing processes often involve proprietary technologies and designs. Unauthorized access to these intellectual property through cyber-attacks could result in theft, counterfeiting, or replication by competitors. Hence, manufacturers must comply with various data protection and privacy regulations, such as the General Data Protection Regulation (GDPR) in Europe or the Health Insurance Portability and Accountability Act (HIPAA) in the United States. 

Trends 

Expansion of Additive Manufacturing (3D Printing)

3D printing, also known as additive manufacturing, is a key component of advanced manufacturing. It represents a transformative technology that allows the creation of three-dimensional objects layer by layer from digital models. Additive manufacturing continues to evolve, with advancements in materials, speed, and precision. The technology is increasingly used for producing end-use parts, customized components, and complex geometries in various industries. Also, market players across the globe are undertaking a range of strategic initiatives pertaining to the developments in additive manufacturing. For instance, in May 2023, Siemens announced that it would be putting more emphasis on 3D printing projects in the United States in order to hasten the serial additive manufacturing industry's transformation in the United States. Through these activities, the company hopes to transform the industry end-to-end, from manufacturing to machines to products. Also, in November 2022, Axial3D, a medical technology startup, secured a $15 million funding round headed by a significant $10 million contribution from Stratasys. The partnership between the two company offers a combined offering to make patient-specific 3D printing solutions more accessible for medical device manufacturers and hospitals, promoting the technology's acceptance as a standard healthcare solution. Moreover, in October 2022, The Australian metal 3D printing company AML3D and the aircraft manufacturer Boing extended their collaboration. As part of a rigorous testing process, Boeing offered AML3D the responsibility of 3D printing aluminium prototype aircraft components. They underwent testing in accordance with AS9100D quality assurance standards for "fly" parts. Expanding this agreement, it has now been determined to add more 3D-printed components to the project, bringing the total worth up to 150%.

COVID -19 Impact on Advanced Manufacturing Market

The COVID-19 pandemic has had a significant impact on the global economy, including the advanced manufacturing sector. The pandemic exposed vulnerabilities in global supply chains, disrupting the flow of raw materials and components. Advanced manufacturing relies on complex, interconnected supply chains, and disruptions in one part of the world had cascading effects. Also, many manufacturing facilities faced temporary closures or production slowdowns due to lockdowns, labour shortages, and health and safety measures. This impacted the overall production capacity and delivery timelines for advanced manufacturing products. The pandemic also led to a shift in demand for certain products. For example, there was increased demand for medical equipment, pharmaceuticals, and personal protective equipment (PPE), leading manufacturers to adapt their production lines to meet these urgent needs. Some companies also faced challenges in sustaining or prioritizing research and development activities due to budget constraints and resource reallocation in response to the economic impact of the pandemic. Hence, COVID-19 pandemic had a significant impact on the global Advanced Manufacturing industry.

Advanced Manufacturing Market Segmentation

By Technology

Based on technology, the global Advanced Manufacturing market is bifurcated into additive manufacturing, digital manufacturing, robotics, smart manufacturing, advanced materials and other technologies. Additive manufacturing segment is expected to dominate the market in the forecast period. it accounted for the market share of about 32.95% in 2022. Additive manufacturing, commonly known as 3D printing, is a revolutionary technology in advanced manufacturing. Unlike conventional subtractive manufacturing methods which involve shaping or cutting material to create a part, additive manufacturing constructs objects layer by layer from digital models. There have been significant developments by the market players and governments across the globe in recent years in the additive manufacturing industry. For instance, in October 2022, in order to provide EOS clients a completely automated and long-lasting depowering solution, PostProcess Technologies and EOS have established a distribution agreement. The Variable Acoustic Displacement (VAD) technology solution aims to automate bulk depowering for 3D printed items and enhance the EOS printer product range. The collaboration facilitates full process digitization by making post-printing solutions more accessible to customers. Also, in August 2022, the Department of Empowerment of Persons with Disabilities (DEPWD) of the central government of India announced to implement 3D printing technology in place of the currently common manual customisation of devices. This aims to improve quality of life and allow for greater precision in assistive devices, such as spinal braces and artificial limbs. This further aims to increase mobility for people with locomotor disabilities. Such developments are expected to supplement the growth of the additive manufacturing segment in the forecast period.

By End User

Based on end user, the global Advanced Manufacturing market is bifurcated into automotive, aerospace and defense, electronics and semiconductors, healthcare, energy, construction, chemicals, food and beverage and other end users. The aerospace and defense accounted for the largest share of the market in 2022, accounting for about 31.72% of the share, and is expected to dominate the market during the forecast period. The aerospace and defense industry has been a significant adopter of advanced manufacturing technologies. This includes the use of additive manufacturing for lightweight components, advanced materials, and precision machining for critical aerospace parts.

By Region

North America, Europe, Asia Pacific, the Middle East & Africa, and South America are the five regions that make up the worldwide Advanced Manufacturing market. North America region captures the largest market share of about 43.59% and witness the CAGR of about 12.94% in the forecast period. The dominance of North American region is due to the factors such as early adoption of new and advanced technology, presence of majority of the market players, technological advancements and innovations, expansion of the automation and robotics industry, expansion of digital transformation and others. For instance, in 2023, Nikon Corporation announced the establishment of Nikon Advanced Manufacturing, Inc. Based in California, this new customer-focused digital manufacturing solutions company acts as the global head office of the Advanced Manufacturing Business Unit, which was founded in April 2023. A major turning point in the Nikon Vision 2030 strategy plan outlined in the Medium-Term Management Plan (FY2022–2025) has been reached with the company's launch. The California site brings together a highly competent, diverse, and inclusive team focused on the success of the organisation and its clients. It also offers good proximity to customers and partners, including the aerospace, space, and defence industries. Also, in 2022, as part of the introduction of a range of R&D analytical solutions, the U.S. Pharmacopoeia (USP) announced the inauguration of the USP Advanced Manufacturing Technology Lab in Richmond, Virginia. The efforts of pharmaceutical companies to implement advanced manufacturing technologies including pharmaceutical continuous manufacturing (PCM), one technique to boost supply chain resilience and diversify the manufacturing of pharmaceuticals geographically, are aided by these analytical lab services. In the upcoming years, these elements are expected to support the expansion of the Advanced Manufacturing industry in North America.

During the forecast period, Asia Pacific is expected to experience the highest CAGR of about 15.95%. Different countries of the region are adopting a range of measures to boost the growth of advanced manufacturing, which is expected to contribute towards the fastest growth rate of Asia Pacific during the forecast period. For instance, China is a global manufacturing powerhouse and has made significant strides in adopting advanced manufacturing technologies. The "Made in China 2025" initiative emphasizes the country's commitment to becoming a global leader in high-tech industries, including robotics, artificial intelligence, and smart manufacturing. Also, Japan has a long history of innovation in manufacturing and continues to lead in areas such as robotics, precision machinery, and automation. The country has been at the forefront of developing advanced manufacturing technologies. Moreover, South Korea is known for its advancements in electronics, automotive manufacturing, and robotics. The government has been actively supporting initiatives to promote innovation and the adoption of Industry 4.0 technologies.

Advanced Manufacturing Competitive Landscape

The competitive landscape of the Advanced Manufacturing market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Advanced Manufacturing technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Advanced Manufacturing market is highly competitive, with numerous companies vying for market share. Prominent companies in the Advanced Manufacturing Market include:

Major Players:

  • 3D Systems Corporation
  • ABB Ltd.
  • Abbvie
  • Archer Daniels Midland Company
  • Biogen
  • Eos Gmbh
  • Fanuc Corporation
  • General Electric
  • Glaxosmithkline
  • Hexagon AB
  • HP Inc
  • IBM Corporation
  • Kuka AG
  • Lockheed Martin Corporation
  • Micron Technology, Inc
  • Nvidia Corporation
  • Renishaw PLC
  • Rockwell Automation, Inc
  • Rolls-Royce Corp.
  • Sicepheus Systems Gmbh
  • Siemens AG
  • Sierra Wireless Inc
  • Stratasys Ltd
  • Tesla, Inc
  • The ExOne Company
  • Others

Recent Developments in the Advanced Manufacturing Market

November 2023: ADDiTEC, a leader in advanced metal additive manufacturing, introduced AMDroid and Hybrid3, two cutting-edge production platforms that are expected to upend industry norms for accuracy, effectiveness, and adaptability. By employing a robotic architecture housed in a welded enclosure, the portable AMDroid enables multi-axis, large-scale reactive and non-reactive part printing, thereby making forward-deployable, on-demand manufacturing a reality. Liquid metal jetting (LMJ) and laser directed energy deposition (LDED) capabilities are smoothly combined with CNC machining in ADDiTEC's Hybrid3. By enabling speed, accuracy, and material diversity, this potent synergy raises the bar for advanced production.

November 2023: In order to usher in a new era of Performance-Guided SurgeryTM, Asensus Surgical, Inc., a medical device company, announced that it has reached a design and advanced manufacturing services agreement with Flex, a diversified manufacturer. The agreement relates to Asensus's previously announced LUNA Surgical System, a next-generation surgical robot platform.

May 2023: The Department of Defence Manufacturing Technology (ManTech) Programme and LIFT, the Detroit-based Department of Defence manufacturing innovation institute, have inked a new cooperative agreement that will allow LIFT to run the national manufacturing innovation institute (MII) and public-private partnership for the next five years. The partnership aims to continue advanced manufacturing technology and talent development.

December 2022: As part of the introduction of a range of R&D analytical solutions, the U.S. Pharmacopoeia (USP) announced the inauguration of the USP Advanced Manufacturing Technology Lab in Richmond, Virginia. The efforts of pharmaceutical companies to implement pharmaceutical continuous manufacturing (PCM), one technique to boost supply chain resilience and diversify the manufacturing of pharmaceuticals geographically, is aided by these analytical lab services.

August 2022: GlobalFoundries (GF) announced to more than double their existing strategic global long-term semiconductor manufacturing agreement, which was previously entered into by respective subsidiaries of Qualcomm and GF. The announcement secures wafer supply as well as commitments to support United States based manufacturing through capacity expansion at most advanced semiconductor manufacturing facility of GF, in Malta, New York.

Advanced Manufacturing Market Scope

Report Components Details
Base Year 2022
Forecast Period 2023-2030
Quantitative Units Revenue in US $
Drivers Focus on increasing efficiency, productivity, and innovation in manufacturing processes, Increasing adoption of Industry 4.0, Need for cost reduction and efficiency improvement, Expansion of digital transformation
Challenges Concerns regarding data privacy and security, Need for high initial investment, Integrating advanced manufacturing technologies into existing production systems, Lack of standardization in advanced manufacturing technologies
Trends Technological advancements and innovations, Supportive government initiatives and policies, Expansion of Additive Manufacturing (3D Printing)
Segments Covered By Technology (Additive Manufacturing, Digital Manufacturing, Robotics, Smart Manufacturing, Advanced Materials, Other Technologies), By End User (Automotive, Aerospace and Defense, Electronics and Semiconductors, Healthcare, Energy, Construction, Chemicals, Food and Beverage, Other End Users)
Countries Covered North America (United States, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Nordic, Rest of Europe), Asia Pacific (China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa), South America (Brazil, Argentina, Rest of South America)
Market Players Covered 3D Systems Corporation, ABB Ltd., Abbvie, Archer Daniels Midland Company, Biogen, Eos Gmbh, Fanuc Corporation, General Electric, Glaxosmithkline, Hexagon AB, HP Inc, IBM Corporation, Kuka AG, Lockheed Martin Corporation, Micron Technology, Inc, Nvidia Corporation, Renishaw PLC, Rockwell Automation, Inc, Rolls-Royce Corp., Sicepheus Systems Gmbh, Siemens AG, Sierra Wireless Inc, Stratasys Ltd, Tesla, Inc, The ExOne Company and others.

Table of Contents

  1. Executive summary
  2. MARKET INTRODUCTION
    • MARKET SCOPE
    • MARKET Definitions
  3. research methodology
  4. market outlook
    • Key Trends
    • GUIDELINES / REGULATIONS
    • COVID- 19 IMPACT ON GLOBAL ADVANCED MANUFACTURING MARKET
    • MARKET DYNAMICS
      • Drivers
        • Focus on increasing efficiency, productivity, and innovation in manufacturing processes
        • Increasing adoption of Industry 4.0
        • Need for cost reduction and efficiency improvement
        • Expansion of digital transformation
      • Restraints
        • Concerns regarding data privacy and security
        • Need for high initial investment
      • Opportunities
        • Technological advancements and innovations
        • Supportive government initiatives and policies
      • Challenges
        • Integrating advanced manufacturing technologies into existing production systems
        • Lack of standardization in advanced manufacturing technologies
      • PORTER’S FIVE FORCE MODEL
        • Threat of new entrants
        • Threat of substitute
        • Bargaining power of suppliers
        • Bargaining power of buyers
        • Intensity of competitive rivalry
  1. GLOBAL ADVANCED MANUFACTURING MARKET, By technology, MARKET ESTIMATION AND FORECAST, 2023-2030), value (USD million)
    • INTRODUCTION
    • MARKET SHARE ANALYSIS
    • additive manufacturing
    • digital manufacturing
    • robotics
    • smart manufacturing
    • advanced materials
    • other technologies
  2. GLOBAL ADVANCED MANUFACTURING MARKET, BY end user, MARKET ESTIMATION AND FORECAST, 2023-2030, value (USD million)
    • INTRODUCTION
    • MARKET SHARE ANALYSIS
    • automotive
    • aerospace and defense
    • electronics and semiconductors
    • healthcare
    • energy
    • construction
    • chemicals
    • food and beverage
    • Other end users
  3. GLOBAL ADVANCED MANUFACTURING MARKET, REGIONAL ANALYSIS MARKET ESTIMATION AND FORECAST, 2023-2030, value (USD million)
    • INTRODUCTION
    • NORTH AMERICA ADVANCED MANUFACTURING MARKET
      • North America Advanced Manufacturing Market, By Country
        • US
        • Canada
        • Mexico
      • North America Advanced Manufacturing Market, By Technology
      • North America Advanced Manufacturing Market, By End User
    • EUROPE ADVANCED MANUFACTURING MARKET
      • Europe Advanced Manufacturing Market, By Country
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Nordic
        • Rest of Europe
      • Europe Advanced Manufacturing Market, By Technology
      • Europe Advanced Manufacturing Market, By End User
    • ASIA PACIFIC ADVANCED MANUFACTURING MARKET
      • Asia Pacific Advanced Manufacturing Market, By Country
        • China
        • Japan
        • India
        • Australia
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • Asia Pacific Advanced Manufacturing Market, By Technology
      • Asia Pacific Advanced Manufacturing Market, By End User
    • MIDDLE EAST & AFRICA ADVANCED MANUFACTURING MARKET
      • Middle East & Africa Advanced Manufacturing Market, By Country
        • UAE
        • Saudi Arabia
        • South Africa
        • Rest of Middle East & Africa
      • Middle East & Africa Advanced Manufacturing Market, By Technology
      • Middle East & Africa Advanced Manufacturing Market, By End User
    • SOUTH AMERICA ADVANCED MANUFACTURING MARKET
      • South America Advanced Manufacturing Market, By Country
        • Brazil
        • Argentina
        • Rest of South America
      • South America Advanced Manufacturing Market, By Technology
      • South America Advanced Manufacturing Market, By End User
  1. GLOBAL ADVANCED MANUFACTURING MARKET, COMPETITIVE Intelligence
    • COMPETITIVE POSITIONING
    • competitor benchmarking
    • COMPETIVE QUADRANT
    • market share analysis, 2022 (%)
  2. GLOBAL ADVANCED MANUFACTURING MARKET, COMPANY ANALYSIS
    • 3D Systems Corporation
      • Company Overview
        • Business outlook
        • Headquarter
        • Established/Incorporated
        • Headcounts/ Employee strength
      • Financial Overview
        • Sales/revenue
        • R&D expenditure
        • Business segment sales share
        • Regional sales share
      • Product Offerings
      • SWOT Analysis
      • Key Developments (Expansion/New Product Development/Agreement/Mergers & Acquisitions, Partnership/Investment/Etc.)
    • abb ltd.
    • ABBVIE
    • Archer Daniels Midland Company
    • Biogen
    • EOS GmbH
    • Fanuc Corporation
    • general electric
    • GlaxoSmithKline
    • Hexagon AB
    • HP Inc
    • IBM Corporation
    • KUKA AG
    • Lockheed Martin Corporation
    • Micron Technology, Inc
    • NVIDIA Corporation
    • Renishaw plc
    • Rockwell Automation, Inc
    • Rolls-Royce Corp.
    • SiCepheus Systems GmbH
    • siemens ag
    • Sierra Wireless Inc
    • Stratasys Ltd
    • Tesla, Inc
    • The ExOne Company
    • OTHERS

*Financials and Details May Not be Included in Case of Privately Held Company

Global Advanced Manufacturing Market Segmentation   

Advanced Manufacturing by Technology: Market Size & Forecast 2023-2030

  • Additive Manufacturing
  • Digital Manufacturing
  • Robotics
  • Smart Manufacturing
  • Advanced Materials
  • Other Technologies

Advanced Manufacturing by End User: Market Size & Forecast 2023-2030

  • Automotive
  • Aerospace And Defense
  • Electronics And Semiconductors
  • Healthcare
  • Energy
  • Construction
  • Chemicals
  • Food And Beverage
  • Other end users

Advanced Manufacturing by Geography: Market Size & Forecast 2023-2030

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Nordic, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia Pacific)
  • South America (Brazil, Argentina, Rest of South America)
  • Middle East and Africa (UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa)

Major Players:

  • 3D Systems Corporation
  • ABB Ltd.
  • Abbvie
  • Archer Daniels Midland Company
  • Biogen
  • Eos Gmbh
  • Fanuc Corporation
  • General Electric
  • Glaxosmithkline
  • Hexagon AB
  • HP Inc
  • IBM Corporation
  • Kuka AG
  • Lockheed Martin Corporation
  • Micron Technology, Inc
  • Nvidia Corporation
  • Renishaw PLC
  • Rockwell Automation, Inc
  • Rolls-Royce Corp.
  • Sicepheus Systems Gmbh
  • Siemens AG
  • Sierra Wireless Inc
  • Stratasys Ltd
  • Tesla, Inc
  • The ExOne Company
  • Others

 

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