Manufacturing, Industry and Advanced Materials

Manufacturing, Industry and Advanced Materials

Future IndustryYes
Africa Relevance58 / 100

Manufacturing, Industry and Advanced Materials is the industry focused on the production of goods, industrial systems, and the development of materials that enable modern engineering, infrastructure, and technology manufacturing. It connects physical production systems with advanced engineering and industrial innovation.

This industry includes industrial manufacturing, automation systems, supply chain production, materials science, chemicals, mining, and heavy industrial processes. It also covers smart manufacturing systems that integrate robotics, data, and digital technologies into production environments.

The Manufacturing and Materials industry includes companies producing machinery, industrial equipment, construction materials, semiconducting materials, metals, chemicals, and advanced composites. These materials and systems are essential inputs for industries such as energy, automotive, electronics, aerospace, and infrastructure.

Key areas include industrial engineering, production systems, additive manufacturing, nanomaterials, metallurgy, chemical processing, and supply chain optimization. It also includes Industry 4.0 technologies such as smart factories and digitally connected production systems.

As industries modernize, this sector creates demand for careers in industrial engineering, materials science, manufacturing systems design, chemical engineering, and supply chain management.

Explore Manufacturing, Industry and Advanced Materials companies, systems, and careers powering global production and industrial transformation.

Market Data

Table of 15 market-data points for this industry.
MetricValueYearNotes
Global Manufacturing Output 16,200 USD Billion2023 Total global manufacturing sector value added; represents approximately 16% of global GDP per World Bank Source: World Bank World Development Indicators 2024
Advanced Manufacturing Market Size 1,200 USD Billion2024 Includes smart manufacturing systems Source: Industry 4.0 technology
Projected Advanced Manufacturing Market (2030) 2,300 USD Billion2030 Growth driven by Industry 4.0 adoption Source: reshoring investment
CAGR – Advanced Manufacturing (2024–2030) 9.8 Percent2024–2030 Advanced manufacturing subsector CAGR; overall manufacturing sector grows at 2–4% CAGR globally Source: MarketsandMarkets Advanced Manufacturing Report 2024
Global Manufacturing Employment 340,000,000 Employees2023 Total direct global manufacturing employment; represents approximately 10% of global workforce; declining in developed markets Source: International Labour Organization (ILO) World Employment Report 2023
US Reshoring and Nearshoring Investment 200 USD Billion2023 Announced US manufacturing reshoring investment in 2023; driven by CHIPS Act Source: IRA
3D Printing and Additive Manufacturing Market 21 USD Billion2024 Global additive manufacturing market including industrial systems Source: materials
Advanced Materials Market Size 115 USD Billion2024 Market for carbon fiber composites Source: nanomaterials
Median Annual Salary (Industrial Engineer – US) 98,000 USD2024 Median annual salary for industrial engineers and manufacturing engineers in the United States Source: US Bureau of Labor Statistics (BLS) OES 2024
Africa Manufacturing Value Added 700 USD Billion2023 African manufacturing sector value added; represents approximately 12% of African GDP; Nigeria and South Africa largest Source: African Development Bank Industrialization and Trade Report 2024
Global Smart Manufacturing Market 313 USD Billion2024 Market for connected factory systems Source: IIoT platforms
Industrial IoT (IIoT) Connections 17,200,000,000 Devices2024 Active IIoT device connections globally across manufacturing Source: energy
Carbon Fiber Composites Market 6.8 USD Billion2024 Global carbon fiber and composite materials market; aerospace Source: automotive
Global Defense Manufacturing Spend 632 USD Billion2023 Global defense equipment and platform procurement including aircraft Source: naval vessels
Semiconductor Equipment Market 102 USD Billion2024 Market for chip manufacturing equipment including lithography Source: deposition
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