USA Advanced Manufacturing - Industry - Market, Share and Trends 2023-2028

Summary of Advanced Manufacturing

Advanced manufacturing refers to innovative production processes that utilize cutting-edge technologies and materials to make products. It is transforming manufacturing across industries by enabling greater speed, flexibility, efficiency and quality.

In the USA— advanced manufacturing is being widely adopted and has become a priority for both government and industry. Key drivers include rising labor costs, global competition, sustainability goals and demand for innovative products. The US remains a manufacturing powerhouse because it is accounting for 18.2% of global manufacturing output. However— its share of high-tech manufacturing is declining.

According to our own estimate – we can say that the advanced manufacturing industry in The United States is forecasted to be a $ 144.13 Billion industry in 2029 from $ 62.31 Billion in 2023 with a CAGR of 15 %.

Investment in R&D and new technologies is crucial for advanced manufacturing leadership. The US invests the most in industrial R&D globally but other countries are catching up. Government initiatives like – the National Network for Manufacturing Innovation – aim to bolster high-tech manufacturing through public-private partnerships and cost-sharing.

Advanced manufacturing presents major opportunities for economic growth, job creation, and global competitiveness. But adoption barriers like upfront costs, skills gaps, and regulatory burdens must be tackled. Overall the outlook is positive – advanced manufacturing will be instrumental for the US manufacturing sector’s success.

Recent Trends and Insights

Concepts like: the Industrial Internet of Things, advanced robotics, 3D printing and artificial intelligence are transforming production systems to be more connected, flexible and intelligent. Investment is ramping up dramatically within these aspects.

Several factors like: rising overseas costs, supply chain risks and technology advances are driving manufacturers to reshore production back to the USA. This reshoring also creates domestic jobs.

Cross-industry collaboration is increasing because automakers working with tech firms on autonomous EVs or apparel companies partnering with biotech startups for synthetic biology materials. This convergence will spark whole new product categories.

More manufacturers are shifting from selling just physical products to offering “as-a-service” solutions that provide ongoing value via data insights, predictive maintenance, or end-of-life management. This creates recurring revenue streams.

With rising stakeholder expectations, many manufacturers are working to develop cleaner production processes, source sustainable materials, reduce waste, reuse resources, and make their products more energy efficient.

Product Insights

Demand for mass customization and on-demand production is driving adoption of industrial 3D printers for end-use parts production. The market is projected to grow over 20% annually. Many

Collaborative robots, AI-enabled systems and autonomous mobile robots are allowing manufacturers to automate more tasks while keeping humans in the loop. This increases productivity and allows production reconfiguration at a faster pace while maintaining precision.

Networked sensors, edge computing tools, predictive analytics software and AI algorithms are enabling proactive maintenance, quality optimization and the collection of vast amounts of manufacturing data to inform better decisions.

From composites to nanomaterials to biosynthetics— new advanced materials enable lighter, stronger and higher performance end products. They also facilitate more sustainable production through recyclability and reduced waste.

Virtual simulations of entire production systems are being used to model and optimize manufacturing processes digitally before implementation. This reduces costly errors and saves time.

Key companies

Some major players within this vast domain of industry are:

• ABB
• Desktop Metal
• Unilever United States, Inc.
• BASF Catalysts
• Impossible Foods Inc.
• Perfect Day, Inc.
• Biogen
• Tulip
• PrecisionHawk

Country Analysis

The Southeast has become a major advanced manufacturing hub with states like – South Carolina, Tennessee and Alabama – using incentives to attract foreign automakers as well as aerospace and electronics producers. The skilled workforce and developed supply chain ecosystems are advantages.

The Midwest remains vital for heavy manufacturing of machinery, vehicles and specialized equipment, particularly around the Great Lakes region. Areas like – Ohio and Michigan – are pioneering smart manufacturing initiatives.

Northeast states like – Massachusetts and New York – are leading in R&D and high-tech manufacturing with dense networks of universities, tech talent and innovation ecosystems around cities like Boston and New York City.

The West Coast is home to advanced electronics production with silicon chipmakers Intel and AMD having key sites in California and Oregon. The aerospace sector also thrives in Washington and California.

The USA has manufacturing strengths across diverse areas – automotive in the Southeast, biotech and computers in the Northeast and West Coast, aviation and chemicals across several regions. Continued public and private investment will solidify US leadership.

Market segmentation

By Type:

• Additive manufacturing/3D printing
• Automation/robotics
• Industrial internet of things (IIoT) and industrial analytics
• Plant asset management (PAM)
• Manufacturing execution systems (MES)
• Industrial controls

By End user:

• Manufacturer and Retailer
• Distinct industries like automotive, aerospace, electronics
• Process industries like oil & gas, chemicals, pharmaceuticals
• Energy and utilities
• Food and beverage

By Enterprise Size:

• Large Industries
• Small & Medium Industries

Our Methodology

We have offered a well-founded review of the United States advanced manufacturing market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any future prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.