The global digital manufacturing market size is expected to reach USD 1,670.45 billion by 2031, growing at a CAGR of 16.5% during the forecast period (2023–2031) and the Efficient Safety Management on Manufacturing Sites drive the market growth.
Report Scope:

The Asia-Pacific Smart Manufacturing Market Report is Segmented by Enabling Technology (Industrial Control Systems, Industrial Robotics, and More), Component (Hardware, Software, and More), Deployment Mode (On-Premise, Cloud, and More), End-User Industry (Automotive, Semiconductor and Electronics, and More), Enterprise Size (Small Enterprises, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Snapshot img

Additive Manufacturing Market Size 2025-2029

The additive manufacturing market size is forecast to increase by USD 46.76 billion at a CAGR of 23.9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the high demand in the medical device sector for customized and complex components. This trend is further fueled by increasing consumer interest in personalized, 3D-printed products across various industries. However, the market growth is not without challenges. The high initial cost of setting up additive manufacturing facilities remains a significant barrier for entry, limiting the number of players and potentially hindering market penetration. Moreover, the technology's limited material options and the need for specialized expertise pose additional challenges.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on collaborations, strategic partnerships, and continuous innovation to reduce costs, expand material offerings, and improve production efficiency. By staying abreast of the latest industry developments and trends, businesses can position themselves to succeed in this dynamic and evolving market.

What will be the Size of the Additive Manufacturing Market during the forecast period?

Request Free Sample

The market continues to experience significant growth and innovation, driven by the increasing adoption of industrial 3d printing technologies in various industries. The market's size is projected to expand at a robust rate, with the automotive and industrial segments leading the charge. Technologies such as fuse deposition modeling, stereolithography, and selective laser sintering are gaining popularity due to their ability to produce complex geometries and reduce production expenses. The market is also witnessing increased regulatory scrutiny, leading to the development of certification standards and quality assurance protocols. The integration of advanced scanning software and design software capabilities is enabling more precise and efficient manufacturing processes.
Mergers & acquisitions and collaboration agreements are common as companies seek to expand their offerings and enhance their competitive positions. Despite the advancements, challenges remain, including the need for installation services, addressing the skills gap, and ensuring compatibility with traditional manufacturing methods. Desktop additive manufacturing and desktop 3d printers are also gaining traction for prototyping and educational purposes. The market's future direction lies in the continued development of more advanced technologies, improved design software, and the expansion of applications beyond prototyping to production. The shift from subtractive manufacturing methods to additive manufacturing is transforming industries, offering new opportunities for innovation and cost savings.
The market's dynamics are shaped by ongoing technological advancements, regulatory developments, and industry 4.0 trends.

How is this Additive Manufacturing Industry segmented?

The additive manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Hardware
  Software
  Services


End-user

  Automotive
  Aerospace
  Industrial
  Healthcare
  Defense
  Consumer Goods
  Education/Research
  Others


Material

  Plastics
  Metals
  Ceramics
  Others


Technology

  Stereolithography
  Polyjet printing
  Binder jetting
  Laser sintering
  Fused Deposition Modeling (FDM)
  Direct Metal Laser Sintering (DMLS)
  Electron Beam Melting (EBM)
  Directed Energy Deposition (DED)
  Others
  Binder jetting


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Spain
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

    UAE


  Rest of World

By Component Insights

The hardware segment is estimated to witness significant growth during the forecast period.

Additive manufacturing, also known as 3D printing, is revolutionizing industrial production by enabling the creation of complex parts layer-by-layer. The market for this technology is in a high-growth stage, driven by the increasing adoption in industries such as aerospace, automotive, healthcare, and manufacturing. Industrial 3D printers, which use technologies like Fused Deposition Modeling (FDM), Stereolithography, Selective Laser Sintering (SLS), and Digital Light Processing (DLP), are at the heart of this process. These printers offer advantages such as enhanced material usage, functional parts precision, and reduced production expenses. The dental industry and education sector are witnessing significant growth in the utilization

Our detailed report on the ai in manufacturing market scenarios 2024 is considered a base year, 2025 is an estimated year, and the market values are forecasted for five years until 2030.

The biologics contract manufacturing market size is expected to grow from USD 21.2 bn in 2024 to USD 23.8 bn in 2025 and USD 55.0 bn by 2035, at a CAGR of 8.8%

Smart Manufacturing Market reached USD 283.61 billion in 2024, projected to hit USD 1,003.98 billion by 2034 with 13.5% CAGR, Unlock IoT-driven innovation transforming factory operations globally.

The global manufacturing analytics market size reached USD 15.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 65.8 Billion by 2033, exhibiting a growth rate (CAGR) of 17.7% during 2025-2033. The emerging trend of automation in industrial processes, along with the development of Industry 4.0 trends, is primarily augmenting the market growth.

IMARC Group provides an analysis of the key trends in each segment of the global manufacturing analytics market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on component, deployment model, application and industry vertical.

The Satellite Manufacturing Market report segments the industry into Application (Communication, Earth Observation, Navigation, and more), Satellite Mass (10-100kg, 100-500kg, and more), Orbit Class (GEO, LEO, and more), End User (Commercial, Military & Government, and more), Satellite Subsystem (Propulsion Hardware and Propellant, and more), Propulsion Tech (Electric, and more), and Region (Asia-Pacific, and more).

Snapshot img

Gear Manufacturing Market Size 2025-2029

The gear manufacturing market size is forecast to increase by USD 137.8 billion at a CAGR of 8.1% between 2024 and 2029.

The market is witnessing significant shifts, driven by the increasing adoption of industrial automation and the implementation of additive manufacturing technologies in the production of gear and gearing components. These advancements enable manufacturers to enhance productivity, reduce costs, and improve product quality. However, the market faces a notable challenge with the slowdown in the Chinese manufacturing sector, which could impact global supply chains and pricing dynamics.
Companies must navigate these trends and challenges effectively to capitalize on growth opportunities and maintain a competitive edge. Strategic investments in automation and additive manufacturing technologies, as well as a focus on innovation and supply chain resilience, will be crucial for success in this evolving market landscape.

What will be the Size of the Gear Manufacturing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the dynamic market, demand forecasting plays a crucial role in maintaining a competitive edge. Process optimization, driven by smart manufacturing, is a key trend, integrating circular economy principles and sustainability initiatives. Ethical sourcing and reducing carbon footprint are becoming essential considerations, alongside robotics integration and computer-aided design (CAD) for efficient industrial design. Supply chain visibility, quality assurance, and digital twin technology enable predictive maintenance through condition-based and preventive strategies. Software solutions, including predictive analytics, automation systems, and lifecycle assessment tools, streamline production and waste management.

Reverse engineering and rapid prototyping facilitate corrective maintenance and assembly line optimization. Global supply chains are increasingly adopting product testing standards, ensuring compliance and enhancing customer trust. The integration of computer-aided manufacturing (CAM) further accelerates production processes, making the market an exciting and innovative landscape for US businesses. Additionally, they are used in gear units for passenger vehicles, commercial vehicles, and industrial machinery, as well as in wind turbine gearboxes, transmissions, and moventas.

How is this Gear Manufacturing Industry segmented?

The gear manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Worm gear
  Bevel gear
  Others


End-user

  Oil and gas industry
  Power industry
  Automotive
  Others


Material

  Steel
  Cast iron
  Polymer
  Bronze
  Composite materials


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Indonesia
    Japan


  Rest of World (ROW)

By Product Insights

The worm gear segment is estimated to witness significant growth during the forecast period. In the dynamic world of manufacturing, the gear industry continues to evolve, integrating advanced technologies and practices to enhance production efficiency, reduce waste, and improve product quality. Composite materials, such as carbon fiber reinforced polymers, are increasingly used in gear manufacturing due to their high strength-to-weight ratio and durability. Six Sigma methodologies and Lean Manufacturing principles are employed to minimize defects and streamline production processes. Capacity planning and inventory management are crucial aspects of gear manufacturing, ensuring optimal use of resources and minimizing downtime. Workforce training and continuous learning are essential to maintain a skilled workforce, enabling the adoption of new technologies like 3D printing, AI-powered manufacturing, and subtractive and additive manufacturing processes.

Supply chain management plays a vital role in maintaining a steady flow of raw materials, electronic components, and specialized equipment. Data analytics and IoT sensors help monitor and optimize production, while value engineering and modular design contribute to cost optimization and customizable solutions. Safety standards, energy efficiency, and wear resistance are key considerations in gear manufacturing, with CNC machining and injection molding being common techniques for producing gears with high precision and accuracy. Quality control measures, such as gear teeth inspection and lubrication, ensure the longevity and reliability of the final product. Gear ratios and design for manufacturing principle

The Additive Manufacturing Market size is expected to reach a valuation of USD 150.1 billion in 2033 growing at a CAGR of 24.10%. The Additive Manufacturing Market research report classifies market by share, trend, demand, forecast and based on segmentation.

Survey of innovation, logging and manufacturing industries, percentage of plants who introduced new or significantly improved products onto the market before competitors by type of plant and the North American Industry Classification System (NAICS) for Canada, provinces and territories in 2005. (Terminated)

This statistic represents the impact of industrial internet of things (IIoT) on the manufacturing industry worldwide in 2017. As of that time, ** percent of the respondents agreed that IIoT will help to better understand machine health.

Global metal powders for additive manufacturing market size was $517.02 million in 2024 & is projected to reach $2361.61 million by 2034, CAGR of 20.91% from 2025 - 2034.

The global precision turned product manufacturing market is projected to reach a value of USD 113.93 million by 2023, exhibiting a CAGR of 6.25% during the forecast period. This growth is attributed to rising demand for precision turned products in various end-user industries, including automotive, electronics, defense, and healthcare. Additionally, advancements in manufacturing technologies and increasing adoption of Industry 4.0 solutions are expected to further drive the market's expansion. Key market trends include increased automation and digitalization within manufacturing processes, the adoption of advanced materials such as composites and ceramics, and the emergence of sustainable manufacturing practices. Major players in the market include Melling Tool Co., Kksp Precision Machining, E&H Precision, Greystone of Lincoln, and R W Screw Products, among others. The market is expected to witness significant growth in emerging regions such as Asia Pacific and Middle East and Africa, primarily driven by increasing industrialization and economic development. Recent developments include: February 2024: Daedalus GmbH, a contract manufacturer based in Germany, announced the closing of a USD 21 million Series A financing for its AI-powered precision manufacturing facility. NGP Capital, a venture capital firm focused on the enterprise software market, was at the forefront of this round. According to Daedalus, returning investors Addition and Khosla Ventures also participated.June 2023: E and H Precision planned to set up a new factory to expand production. The new factory is called “Factory 3”, the fourth location in Thailand. The factory covers an area of 3,500 sq. m and houses 24 CNC Lathe Machines with centerless grinding machines and ultrasonic wash machines. The main purpose of the factory is to produce lathe-turned parts for automotive transmission and injectors for the Japanese and the United States markets.. Key drivers for this market are: Growth of the Aerospace Industry is Driving the Market, Automotive Industry is Driving the Market. Potential restraints include: Growth of the Aerospace Industry is Driving the Market, Automotive Industry is Driving the Market. Notable trends are: The Automotive Industry Is Driving The Market.

Global Computer Aided Manufacturing Market size valued at US$ 3.47 Billion in 2023, set to reach US$ 6.94 Billion by 2032 at a CAGR of 8% from 2024 to 2032.

U.S. Robotics Integration for the Manufacturing Market is estimated to reach $7.48 billion by 2029, growing at a CAGR of 11.69% during the forecast period 2024-2029.

The North America Additive Manufacturing Market reached USD 7.46B in 2023 and is projected to hit USD 30.32B by 2030, growing at a CAGR of 20.7%

The Stem Cell Manufacturing Market Report is Segmented by Product Type (Culture Media, Consumables, Instruments, Stem Cell Lines, and Services), Application (Stem Cell Therapy, Drug Discovery and Toxicology, Stem Cell Banking and More), End User (Pharmaceutical and Biotechnology Companies, Cell and Tissue Banks, and More), and Geography (North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

The Tankan survey, conducted from August to September 2025, showed that the Diffusion Index (DI) of business conditions evaluated by large manufacturing enterprises in Japan stood at ** points in the case of the shipbuilding and heavy machinery industry. The DI of business conditions in the iron and steel industry stood at ******** points.The Tankan survey stands for the Short-Term Economic Survey of Enterprises in Japan. It is conducted once in three months with the aim of providing an accurate picture of business trends of enterprises in Japan. The target of the survey are private enterprises (excluding financial institutions) in the country with a capital of 20 million Japanese yen and more.

Cloud Based Manufacturing Market size was valued at USD 25.2 Billion in 2023 and is projected to reach USD 83.5 Billion by 2031, growing at a CAGR of 16.12% during the forecast period 2024-2031.

Global Cloud Based Manufacturing Market Drivers

The market drivers for the Cloud Based Manufacturing Market can be influenced by various factors. These may include:

Market Expansion: The Cloud Based Manufacturing Market is witnessing significant expansion due to the increasing adoption of Industry 4.0 technologies. As manufacturers seek to improve operational efficiency and reduce costs, cloud solutions offer scalable resources that enable real-time data access and analytics. This transformation allows companies to respond swiftly to market demands, enhancing agility and innovation. Additionally, the proliferation of IoT devices within factories facilitates connectivity, fostering data-driven decision-making. As global supply chains become more interconnected, manufacturers are recognizing the strategic advantages of cloud infrastructure, which supports remote collaboration and centralized management, ultimately driving market growth.

Cost Efficiency: Cost efficiency is a primary driver of the Cloud Based Manufacturing Market, as companies aim to reduce operational expenses while improving productivity. Cloud solutions eliminate the need for extensive on-premises IT infrastructure, thereby decreasing capital expenditures. With pay-as-you-go pricing models, businesses can align costs with actual usage, further enhancing financial flexibility. Additionally, cloud platforms often come equipped with advanced tools for analytics and automation, which streamline processes and minimize waste, contributing to lower overall production costs. By harnessing the cloud, manufacturers can allocate resources more effectively, leading to increased margins, competitiveness, and market viability.

Global Cloud Based Manufacturing Market Restraints

Several factors can act as restraints or challenges for the Cloud Based Manufacturing Market. These may include:

Data Security Concerns: One of the major restraints in the Cloud-Based Manufacturing Market is data security concerns. As manufacturers shift to cloud solutions, the risk of data breaches and cyber-attacks increases, threatening sensitive information related to design, production processes, and intellectual property. Companies worry about unauthorized access and loss of data control. Moreover, maintaining compliance with various regulations—such as GDPR in Europe and CCPA in California—adds complexity and potential liabilities. As a result, many manufacturers hesitate to fully adopt cloud solutions, opting instead for traditional systems that they perceive as offering better security against potential cyber threats and compliance issues.

Integration Challenges: Another significant restraint in the Cloud-Based Manufacturing Market is the challenges associated with integration. Many manufacturing organizations operate legacy systems and infrastructure that may not easily connect with new cloud technologies. This lack of interoperability can result in data silos, inefficiencies, and increased operational costs. Additionally, the complexity of integrating cloud solutions with existing workflows and supply chains can deter companies from transitioning. The need for skilled personnel to facilitate this integration is also a barrier, as the industry faces a shortage of talent experienced in both cloud computing and manufacturing operations, complicating the shift to cloud-based models.