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Additive manufacturing, material market could surpass $183b by 2032 – report says

AU Manufacturing

The market for additive manufacturing (AM) and materials could reach USD 183 billion (AUD 275 billion) by 2032, a 21.2 In terms of absolute value, the market for additive manufacturing and materials in the US is projected to generate USD 47.7 billion) by 2032. billion) by 2032. per cent CAGR from 2022 to 2032.

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Induction motors market will reach $40.5 billion by 2032

Control Engineering

Motor and drive insights The induction motor market is expected to reach more than $40 billion globally by 2032. The need for induction motors is expected to rise as the electric vehicle (EV) sector grows because manufacturers are turning to them for their low maintenance requirements. billion in 2032. billion by 2032.

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Report: 3D printers market size to reach USD 88.61b by 2032

AU Manufacturing

billion by 2032 and will grow at a CAGR of 17.54 per cent between 2023 and 2032, according to a recent report by Precedence Research. The automotive segment shows the highest demand for 3D printers in the region owing to the presence of automotive leaders such as BMW , Mercedes , and Jaguar.

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Fasteners Market to Reach $151 Billion, Globally, by 2032 at 4.6% CAGR: Allied Market Research

Fastener News Desk

billion in 2022 and is estimated to reach $151 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032. Download Sample Pages of Research Overview: [link] Report coverage & details: Report Coverage Details Forecast Period 2023–2032 Base Year 2022 Market Size In 2022 $97.2 from 2023 to 2032.

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Global Automotive Telematics Market to Surge at an 18% CAGR

MEM

According to a recent report by Fact.MR, a market research and competitive intelligence provider, the automotive telematics industry will expand at an astounding 18% CAGR between 2022 and 2032. The global automotive industry contracted by 16% in 2020, but growth for telematics remained resilient. Key Takeaways from Market Study.

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Industrial cybersecurity market to reach $43 billion by 2032

Control Engineering

during the forecast period ranging from 2022-2032. billion by 2032. In the manufacturing industry, these countries have a large number of small and medium companies (SMEs) and start-ups. This is mostly due to the heavy manufacturing industry’s increased usage of cloud technologies.

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Investing in the future

SMMT

Figures from the Institute of the Motor Industry show that we face a potential shortage of 25,000 TechSafe technicians by 2032, while more immediately, attracting new apprentices remains challenging. The automotive sector is a powerhouse of growth, sustaining almost a million jobs. It’s a mission we need to solve.