North America - Trends

The United States in the North America region has one of the most robust and innovative industrial bases globally across sectors like technology, life sciences, advanced manufacturing and energy. An entrepreneurial culture backed by strong R&D ecosystems and intellectual property protections drive new innovations frequently.

Venture capital funding for emerging technologies like – artificial intelligence, autonomous systems, blockchain, robotics and quantum computing continues rising steeply. The US also has a large, skilled talent pool to support industrial growth.

Plenty key export strengths lie in: aerospace, machinery, medical devices and refined oil products. Initiatives like ‘Make in America’ and investments into smart factories, automation and 3D printing aim to reshore more manufacturing and make supply chains resilient.

Canada utilizes its educated workforce, economic stability and free trade agreements to grow advanced manufacturing, specifically in transport equipment, chemicals and agri-food products. It is also expanding production of EV batteries, telecom networks and clean energy technologies.

Mexico’s manufacturing exports continue rising with integrated automotive, electronics and medical supplies industries buoyed by access to major markets via trade pacts. It is also focused on building its energy infrastructure including solar, wind and gas-powered plants.

Overall — both innovation and production remain competitive in North America owing to supportive policy ecosystems, access to capital and partnerships between academia and industry.