10.3.2025

Even more information on this industry is available!  Check out our Automobile Industry Center.

Plunkett’s Automobile Industry eBook, latest edition.

The automobile industry is experiencing one of the most significant transformations in its history. Forces such as electrification, sustainability, digital technology, and shifting global markets are pushing automakers to rethink business models and reimagine mobility itself. This article explores the most important trends redefining the global automobile landscape.

1. The Rise of Electric Vehicles (EVs)

Electrification stands as the single most powerful trend in the industry. Governments around the world are incentivizing EV adoption with subsidies, emissions regulations, and investment in charging infrastructure. Automakers are responding with massive investments in EV design and production.

However, challenges remain. Consumers continue to worry about range limitations, charging availability, and the higher price of EVs compared to gasoline-powered vehicles. While EV adoption is growing in regions such as China and Europe, the U.S. market is still adjusting. Global competition—particularly from Chinese manufacturers like BYD—has intensified as they export affordable, feature-rich EVs that disrupt established brands .

2. Advances in Battery Technology

The success of EVs depends heavily on battery technology. Today’s lithium-ion batteries are improving, but the industry is racing toward next-generation solutions that promise longer ranges, faster charging, and lower costs.

Emerging technologies include lithium iron phosphate (LFP) batteries, lithium-silicon hybrids, and sodium-ion alternatives. Solid-state batteries, often considered the “holy grail,” could dramatically reduce charging times while offering ranges exceeding 400 miles. Companies such as Tesla, Toyota, and a host of startups are investing heavily in this space. If breakthroughs occur at scale, EVs could become more affordable and practical, accelerating mass adoption .

3. Shifting Global Markets

China has cemented its role as the largest automobile market, with over 31 million vehicles sold in 2024 alone. It has also emerged as a leader in EV production and export, challenging U.S., European, and Japanese automakers.

India is another rising star, with increasing domestic sales and growing export capacity. Mexico has become a vital manufacturing hub, particularly for exports to the U.S., thanks to its cost advantages and trade agreements. Meanwhile, Korean automakers Hyundai and Kia continue to expand globally, building strong reputations for affordable yet high-quality vehicles .

4. Alternative Fuels and Efficiency

While EVs dominate headlines, other alternative fuels are gaining traction. Hydrogen fuel cells are being tested for commercial fleets and long-haul trucks. Ethanol blends and natural gas-powered vehicles are seeing increased interest in certain markets.

Simultaneously, automakers are improving traditional combustion engines with hybrid systems, lightweight materials, and aerodynamic designs. These advancements help manufacturers meet increasingly strict fuel economy and emissions standards, particularly in the U.S. and Europe. The long-term trend points toward a diverse fuel landscape where EVs, hybrids, and alternative fuels coexist .

5. Digital Transformation of Vehicles

Cars are rapidly evolving into smart, connected devices. Telematics, predictive diagnostics, and over-the-air updates allow automakers to enhance vehicle performance long after purchase. Infotainment systems now integrate seamlessly with smartphones, offering drivers real-time navigation, entertainment, and connectivity.

Connectivity also enables vehicles to communicate with one another (V2V) and with infrastructure (V2I), paving the way for smarter, safer transportation networks. Automakers are experimenting with subscription-based services—ranging from advanced driver-assistance features to premium entertainment packages—as new revenue streams beyond traditional sales .

6. Autonomous Vehicles and Ride-Hailing

Autonomous driving remains one of the most ambitious goals in the automotive sector. Billions of dollars are being invested in artificial intelligence, sensors, and robotics to enable self-driving capabilities. Companies like Waymo, Tesla, and Aurora are making progress, particularly in controlled environments such as ride-hailing services and long-haul trucking.

Ride-hailing platforms—Uber, Lyft, and Didi—continue to expand globally. Their business models could be fundamentally transformed if fully autonomous vehicles reduce the need for human drivers. The widespread adoption of driverless fleets could significantly decrease private car ownership, particularly in urban areas where mobility-as-a-service (MaaS) models are gaining momentum .

7. Safety Innovations and Insurance

Vehicle safety is advancing rapidly. Features such as lane departure warnings, automatic emergency braking, and adaptive cruise control are becoming standard across new models. These technologies not only save lives but also reshape consumer expectations for what modern vehicles should provide.

The insurance industry is also adapting. Telematics allows insurers to assess driver behavior in real time, offering personalized rates based on habits rather than broad demographic factors. The growth of ride-hailing and the eventual rise of autonomous vehicles present new challenges for liability and coverage, forcing insurers to innovate alongside automakers .

8. Supply Chain Disruptions and Resilience

Recent years have underscored the vulnerability of global automotive supply chains. Shortages of semiconductors, raw materials for batteries, and other critical components have disrupted production and delayed deliveries.

In response, automakers are working to localize supply chains, diversify sourcing, and invest in vertical integration. Battery factories are being built closer to key markets, and partnerships between automakers and tech firms are becoming more common. These measures aim to increase resilience and reduce reliance on any single country or supplier.

9. Environmental and Regulatory Pressures

Sustainability is no longer optional. Governments are tightening emissions standards and setting ambitious targets for EV adoption. Cities are introducing low-emission zones, and consumers are increasingly concerned with the environmental impact of their purchases.

Automakers are responding by committing to carbon-neutral operations, investing in renewable energy, and exploring recycling methods for batteries and other components. Regulations in Europe and the U.S. will continue to drive innovation and force companies to adapt quickly to avoid penalties .

10. Future Outlook

The automobile industry is at a crossroads, shaped by a convergence of technological, environmental, and economic forces. Electrification and battery innovation promise to redefine mobility, while digital transformation and autonomy push the boundaries of what vehicles can do. Global competition is intensifying, with China, India, and Mexico playing larger roles in production and sales.

At the same time, sustainability, safety, and resilience are guiding principles that will determine which companies thrive in the coming decade. For consumers, the future means greater choice—between EVs, hybrids, and alternative fuels—as well as more intelligent, connected, and personalized vehicles.

Key Concepts:  Cars, trucks, economics, transportation, entrepreneurship, finance, highways, globalization, hybrids, innovation, electric vehicles (EVs), self-driving vehicles, marketing, research, tariffs

Source: Plunkett Research, Ltd., Copyright © 2025

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Automobile Industry.  (See: https://www.plunkettresearch.com/industries/automobiles-trucks-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Automobile Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Automobile Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Automobile Industry

1. Major Trends Affecting the Automobile Industry
2. Automobile Industry Introduction
3. U.S. Auto Manufacturers Ford, Stellantis and GM Compete Head-On with Foreign Manufacturers
4. U.S. Electric Vehicle (EV) Subsidies Expired in 2025/U.S. Auto Manufacturers Change Strategies
5. Electric Cars (EVs) and Plug-in Hybrids (PHEVs) Spur Changes at Auto Makers
6. Major Technology Research in Batteries/Major Investments in Battery Factories and Power Storage
7. Natural Gas-Powered Vehicles Gain in Popularity/Long Term Potential Is Bright Thanks to Low Shale Gas Prices
8. Fuel Efficiency Continues to Improve
9. Ethanol Production Is Massive for Fuel Additives
10. Cellulosic Ethanol Makes Slow Commercial Progress
11. Fuel Cell and Hydrogen Power Research Continue/Fuel Cell Cars Enter Market
12. China Is the World’s Largest Auto Market/ Becomes a Major Auto Exporter and EV Supply Chain Player
13. India Has a Significant Automobile Market, with Great Long-Term Potential
14. Mexico Is a Leading Automotive Maker and Exporter
15. Focus on Safety Improvements by Automakers
16. Wireless Information Systems Surge Ahead in Vehicles: Telematics, Intelligent Transportation (ITS) and Real-Time Traffic Information
17. Insurance Underwriting Uses Artificial Intelligence (AI)/Policy Holders Allow Their Habits to Be Tracked for Lower Insurance Rates
18. Uber, Lyft and Didi Dominate the Car on Demand (Ride Hailing) Industry
19. Self-Driving, Autonomous Cars Receive Massive Investments in Research and Development Worldwide
20. Gig Economy and Self-Driving Cars Pose Insurance Challenges and Underwriting Opportunities

Plunkett Research Provides In-Depth Tables for the Following Automobile Industry Statistics

1. Automobile Industry Statistics and Market Size Overview
2. General Motors Corporation Overview
3. Ford Motor Company Overview
4. Volkswagen Group Overview
5. Toyota Motor Corporation Overview
6. Mercedes-Benz Group Overview
7. Hyundai Motor Group Overview
8. Honda Motor Co. Overview
9. Licensed Drivers, Vehicle Registrations & Resident Population, U.S.: 1960-2023
10. Highest Fuel Economy by Vehicle Class: 2025 Model Year
11. Lowest Fuel Economy by Vehicle Class: 2025 Model Year
12. Gross Output in the Motor Vehicles & Transportation Equipment Manufacturing Industries: Selected Years, 2017-2023
13. Personal Transportation Expenditures, U.S.: 2016-2024
14. Average Miles Per Gallon vs. Horsepower, U.S.: 1975-2023
15. Motor Vehicle Traffic Accidents in the U.S. by Type of Vehicle & Person: 2023-2014
16. Value of Imports of Vehicles to the U.S.: 2018-2024
17. Value of Exports of U.S. Vehicles: 2019-2024
18. Occupational Employment and Wages for Automotive Service Technicians and Mechanics: May 2024
19. Employment in the Automobile Industry, U.S.: 2018 – 2024

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on Middle Market Companies.  (See: https://www.plunkettresearch.com/industries/middle-market-companies-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

Plunkett’s Almanac of Middle Market Companies provides competitive intelligence, market research and business analysis–everything needed to identify and develop strategies for dealing with or selling to middle market U.S.-based corporations (those with $100 million to $1 billion in annual revenues).  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business analysis
• In-depth industry company overviews
• Industry Glossary
• Industry Contacts list, including Professional Societies and Industry Associations
• Profiles of 500 industry-leading, U.S.-headquartered middle-market corporations
  • Publicly held, Private and Subsidiary Corporations
  • Executive Contacts
  • Financial Histories
  • Descriptions of Business

Gather Key Insights, Such As:

• How is each industry evolving?
• How is business being shaped by new technologies?
• How is demand growing?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

Plunkett’s Almanac of Middle Market Companies and online Middle Market Industry Research Center are designed to be time-saving business development tools for professionals, marketers, sales directors, consultants, and strategists seeking to understand and reach middle market American companies.  It will also be of great use to placement, recruiting and human resources professionals, as well as professionals working in economic development, lending, and media.  This feature rich almanac includes:

Important Contacts for Middle Market Analysis & Marketing

Addresses, Telephone Numbers and Internet Sites

THE MIDDLE MARKET 500:

1. Who They Are and How They Were Chosen
2. Index of Companies Within Industry Groups
3. Alphabetical Index
4. Index of U.S. Headquarters Location by State
5. Individual Profiles on each of THE MIDDLE MARKET 500

Additional Indexes

1. Index of Firms Noted as Hot Spots for Advancement for Women/Minorities
2. Index of Subsidiaries, Brand Names and Selected Affiliations

Glossary of Useful Middle Market Terms The companies chosen to be listed in PLUNKETT’S ALMANAC OF MIDDLE MARKET COMPANIES comprise a unique list.  THE MIDDLE MARKET 500 were chosen specifically to be top firms headquartered in the United States with revenues of between approximately $100 million and $1 billion.  (We have intentionally included a few important companies with revenues above or below those amounts).  The firms have been filtered from our extensive, proprietary corporate information database.  The middle market companies chosen include both private and publicly held companies.  They include most major industry sectors.  The list is weighted towards fast-growing middle market sectors that we believe users will most want to analyze and/or market to: health products and services; biotech; energy; financial services including asset management, insurance and REITs; real estate development, construction and management; computer software; computer hardware and other electronics manufacturing; selected apparel firms; selected consulting, logistics and transportation firms; along with other important sectors.

9.23.25

The manufacturing, automation, and robotics industry is undergoing an unprecedented transformation. Global competition, rapid technological advancement, and shifting economic and geopolitical realities are creating both challenges and opportunities. From AI-driven robotics and global supply chain restructuring to the rise of electric vehicles and 3D printing, the pace of change is accelerating. Below is a detailed look at the most important trends shaping these industries today.

Even more information on this industry is available!  Check out our Manufacturing Industry Center.

Plunkett’s Manufacturing, Automation, and Robotics Industry Industry eBook, latest edition.

1. Robotics and Factory Automation: Smarter, Faster, and More Flexible

Robotics adoption is expanding at a remarkable pace. The International Federation of Robotics projects that the global installed base of industrial robots will climb from 4.3 million in 2023 to 5.4 million by 2024. These robots are increasingly guided by artificial intelligence and advanced sensors, enabling them to handle complex tasks once considered out of reach for automation.

A particularly significant innovation is the rise of collaborative robots, or “cobots,” designed to work side by side with humans. Cobots improve workplace flexibility, increase safety, and allow companies to blend human creativity with machine precision. This hybrid model is helping firms of all sizes optimize operations without massive restructuring.

Meanwhile, Robots-as-a-Service (RaaS) models are making automation more accessible than ever. By renting robots for as little as $10 to $12 per hour, smaller companies and startups can integrate automation without heavy upfront investments, democratizing access to cutting-edge technology.

2. Service Robots Move Into the Mainstream

Beyond factories, service robots are becoming integral across industries. In warehousing and logistics, robots are streamlining fulfillment operations, with Amazon now approaching a one-to-one ratio of robots to employees in its distribution centers. These machines improve efficiency and reduce costs, while also addressing labor shortages.

In hospitals, robots are assisting with patient care, delivery of supplies, and sanitation. Hotels are deploying robots for check-in services, luggage delivery, and cleaning. Even agriculture is embracing robotic innovation, with dairy farms adopting automated milking systems that maximize output while reducing reliance on scarce labor.

Humanoid robots, once a futuristic concept, are making tangible progress. In 2025, China’s Tien Kung Ultra successfully completed a 13-mile course, demonstrating the potential of humanoid robots to navigate environments designed for humans. While still in early stages, these innovations foreshadow a world where humanoid designs play roles in healthcare, hospitality, and other service-driven sectors.

3. Global Supply Chains in Flux: Reshoring, Nearshoring, and Tariffs

Global supply chains are experiencing profound upheaval. Rising wages in China, demographic challenges such as a shrinking workforce, and disruptions from the pandemic have forced companies to rethink long-standing strategies. Many are shifting production to nations such as Vietnam, India, and Mexico.

Mexico, in particular, has emerged as a strong competitor, thanks to proximity to U.S. markets and the benefits of trade agreements like the USMCA. Nearshoring strategies are gaining momentum as companies seek greater resilience and reduced reliance on long-distance shipping.

At the same time, tariffs are reshaping trade flows. The U.S. has imposed levies on goods from the European Union, China, Mexico, and India. These measures increase costs but also encourage companies to explore local production options. Robotics, automation, and 3D printing are making such reshoring efforts more feasible, as they reduce labor intensity and bring flexibility to manufacturing.

4. Electric Vehicles: Promise and Reality

The automotive sector stands at the crossroads of innovation and economic challenge. The transition to electric vehicles (EVs) has been a major focus for automakers, but progress has been uneven. Despite heavy government subsidies and massive investment in charging infrastructure, consumer adoption has been slower than anticipated.

High vehicle costs, lengthy charging times, and expensive repairs remain major hurdles. As some subsidies expired in 2025, automakers like Ford and GM scaled back certain EV projects. Yet, the long-term outlook remains firmly electric, with automakers continuing to invest in battery manufacturing, retooling plants, and developing new EV models.

The EV market highlights the broader theme of disruption in manufacturing: rapid innovation, tempered by practical challenges and shifting consumer demand.

5. Advanced Manufacturing: AI, IoT, and 3D Printing

Looking ahead, advanced technologies will redefine the very concept of a factory. Artificial intelligence is increasingly being integrated into robotics, supply chain management, and predictive maintenance. By analyzing vast streams of data, AI enables smarter decision-making, reduces downtime, and improves efficiency.

The Internet of Things (IoT) is also transforming manufacturing. Connected sensors and devices allow real-time monitoring of production lines, quality control, and equipment health. By identifying issues before they escalate, IoT reduces waste and boosts productivity.

3D printing, or additive manufacturing, is becoming an essential tool for prototyping, small-batch production, and customization. Companies can rapidly design, test, and manufacture components without traditional tooling, accelerating product development cycles and reducing costs.

Together, AI, IoT, and 3D printing form the foundation of “smart factories” that are agile, data-driven, and resilient.

6. Workforce Transformation and Education

As automation and robotics proliferate, the workforce faces profound changes. Routine, repetitive tasks are increasingly handled by machines, while human workers are tasked with managing, programming, and maintaining automated systems. This transition underscores the importance of education and training.

Nations with strong education systems, research and development capacity, and highly skilled workforces are best positioned to benefit from the next wave of manufacturing innovation. Investment in STEM education, technical training, and reskilling programs will be critical to ensuring that workers can adapt to new technologies rather than be displaced by them.

7. Sustainability and the Push for Green Manufacturing

Environmental concerns are also shaping manufacturing strategies. From reducing energy consumption to cutting waste and lowering carbon emissions, sustainability is a priority across industries. Robotics and automation contribute to greener production by improving efficiency and reducing material waste.

Electric vehicles, renewable energy technologies, and sustainable materials are further aligning manufacturing with global climate goals. Companies that embrace sustainable practices are not only complying with regulations but also strengthening their reputations and appealing to environmentally conscious consumers.

8. The Future

The manufacturing, automation, and robotics industries are at the forefront of global transformation. Robotics and cobots are revolutionizing factory floors, service robots are reshaping everyday life, and supply chains are being reconfigured for resilience and proximity. Meanwhile, the automotive sector grapples with the challenges of electrification, and advanced technologies such as AI, IoT, and 3D printing are redefining what’s possible.

Key Concepts:  Manufacturing, factories, robotics, factory automation, auto makers, China, machine tools, additive (3D) manufacturing, OEM – Original Equipment Manufacturing, ODM – Original design manufacturing, artificial intelligence (AI), tariffs

Source: Plunkett Research, Ltd., Copyright © 2025

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Manufacturing, Automation & Robotics Industry.  (See: https://www.plunkettresearch.com/industries/manufacturing-automation-robotics-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Manufacturing, Automation & Robotics Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Manufacturing, Automation & Robotics Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Manufacturing, Automation & Robotics Industry

1. Major Trends Affecting the Manufacturing, Automation & Robotics Industry
2. Introduction to the Manufacturing, Automation & Robotics Industry
3. Industrial Robots and Factory Automation Advance Through Artificial Intelligence (AI)
4. Humanoid Robots/Service Robots Are Boosting Efficiencies in Warehouses and More
5. Tariffs Impact Manufacturing of All Types/Imports from the EU, China, Mexico and India Affected
6. U.S. Electric Vehicle (EV) Subsidies Expire in 2025/U.S. Auto Manufacturers Change Strategies
7. Global Growth in Manufacturing and Trade Require Investment by Emerging Nations
8. Introduction to the Outsourcing & Offshoring Industry
9. Pros and Cons of Outsourcing & Offshoring
10. Nearshoring and Reshoring Keep Operations Closer to Home
11. U.S. Apparel and Textile Jobs Reshore to Some Extent
12. Vietnam, India and Other Countries Gain Manufacturing Market Share/Tariffs Alter Market Significantly
13. The Vast Majority of Shoes Sold in the U.S. Are Made Elsewhere
14. 3-D Printing and Robotics Revolutionize Manufacture of Shoes and Fabrics
15. Original Design Manufacturing (ODM) Adds Value to Contract Electronics Manufacturing
16. Trends in Manufacturing, such as Original Design Manufacturers (ODMs), Lead to Collaboration and Consulting-Like Services
17. 3D Printing (Additive Manufacturing), Rapid Prototyping and Computer Aided Design
18. 3PL Logistics Services and Supply Chain Management Services Evolve and Consolidate
19. Manufacturers Focus on High Performance Plastics and Specialty Chemicals
20. Refineries Along with Chemicals and Plastics Plants Expand in the U.S.
21. Telecom Equipment Makers Face Intense Competition from Manufacturers in China
22. Boeing and Airbus Compete for New Orders
23. U.S. Auto Manufacturers Ford, Stellantis and GM Compete Head-On with Foreign Manufacturers
24. India Has a Significant Automobile Market, with Great Long-Term Potential
25. Mexico Is a Leading Automotive Maker and Exporter
26. Designers and Manufacturers Bypass the Middleman with Direct-to-Consumer Online Business Models
27. Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics
28. The Internet of Things (IoT) in Factories, Robotics and Equipment
29. Health Care Robotics
30. Robotics in Retailing and Ecommerce Fulfillment

Plunkett Research Provides In-Depth Tables for the Following Manufacturing, Automation & Robotics Industry Statistics

I. Overview of the Manufacturing, Automation & Robotics Industry

1. Manufacturing, Automation & Robotics Industry Statistics and Market Size Overview
2. Sales & Net Income After-Tax, U.S. Manufacturing Corporations: 2014- 1st Quarter 2025
3. Sales & Operating Profits, U.S. Manufacturing Corporations, by Industry: 1st Quarter 2024- 1st Quarter 2025

II. Output & Employment

1. Value Added to U.S. Economy by Manufacturing Sector, as a Percentage of GDP: 1997-2024
2. Employment in the U.S. Manufacturing Sector, as a Percentage of all Private Industry Employment: 1950 – July 2025
3. Employment in the U.S. Manufacturing Sector, by Industry: 2019 – July 2025
4. Manufacturing Output vs. Employment, U.S.: 1980- June 2025
5. Gross Output in the Wood & Nonmetallic Mineral Products Manufacturing Industries: Selected Years, 2018-2023
6. Gross Output in the Primary Metals & Fabricated Metal Products Manufacturing Industries: Selected Years, 2018-2023
7. Gross Output in the Machinery Manufacturing Industry, U.S.: Selected Years, 2018-2023
8. Gross Output in the Computer & Electronic Product Manufacturing Industries: Selected Years, 2018-2023
9. Gross Output in the Electrical Equipment, Appliances & Components Manufacturing Industries: Selected Years, 2018-2023
10. Gross Output in the Motor Vehicles & Transportation Equipment Manufacturing Industries: Selected Years, 2017-2023
11. Gross Output in the Food, Beverage & Tobacco Product Manufacturing Industries, U.S.: Selected Years, 2018-2023
12. Gross Output in the Textile & Apparel Manufacturing Industries, U.S.: Selected Years, 2018-2023
13. Gross Output in the Chemicals, Plastics & Rubber Products Manufacturing Industries, U.S.: Selected Years, 2018-2023

III. Shipments

1. Annual Value of Manufacturers’ Shipments for Industry Groups, U.S.: 2018-2024

IV. Exports

1. Value of Exports of All Manufactured Goods, U.S.: 2018 – 2024
2. Exports of Durable & Nondurable Manufactured Goods, U.S.: 2018 – 2024
3. Value of Exports of U.S. Vehicles: 2019-2024
4. Exports, Imports & Trade Balance of Computers & Electronic Products, U.S.: 2018-2024
5. Exports, Imports & Trade Balance of Chemicals, U.S.: 2018 – 2024
6. Top 50 Destinations of U.S. Textiles & Apparel Exports: 2023-2024
7. Top Ten Suppliers & Destinations of U.S. Computers & Electronic Products: 2018- 2024

9.15.25

The global travel and tourism industry, which supports more than 357 million jobs worldwide, is in the midst of profound change. Airlines, hotels, and related travel sectors are reinventing themselves in response to shifting demographics, disruptive technologies, and evolving consumer expectations. From new business models and sustainability initiatives to luxury expansion and the sharing economy, this industry is both adapting to and shaping the way the world moves.

Even more information on this industry is available!  Check out our Travel Industry Center.

Plunkett’s Airline, Hotel & Travel Industry eBook, latest edition.

1. Airlines: Competition, Strategy Shifts, and the Future of Flight

Few industries are as competitive—or as fast-changing—as airlines. Once clear distinctions between discount and legacy carriers have blurred. Southwest, Ryanair, and JetBlue, once known for bare-bones service, now offer Wi-Fi, premium seating, and international routes. Meanwhile, legacy giants like American and Delta have embraced “basic economy” fares to stay competitive.

Revenue strategies have shifted dramatically. Fees for baggage, seat upgrades, and early boarding have become a cornerstone of profitability. Even Southwest, long famous for “bags fly free,” abandoned that policy in 2025, joining rivals in unbundling services.

At the higher end, airlines are heavily investing in business and premium economy cabins, which strike a balance between cost and comfort. Lay-flat seats, better meals, and private suites are now key revenue drivers. At the extreme luxury end, airlines like Emirates and Etihad are offering three-room in-flight “residences,” complete with private butlers.

The private jet sector is also booming, with companies like NetJets, Flexjet, and startups like JSX offering fractional ownership, membership models, and semi-private flights. This evolution mirrors broader consumer demand for flexibility and exclusivity.

Aircraft technology is another major driver of change. Boeing and Airbus continue their rivalry with updated, fuel-efficient designs like the 787 Dreamliner and A350 XWB, while newer models such as Airbus’s A321XLR are reshaping long-haul narrowbody travel. Emerging players like China’s COMAC with its C919 add further competition. Research into hydrogen and electric-powered planes is also advancing rapidly, with startups like ZeroAvia and Eviation testing alternative propulsion systems. Meanwhile, supersonic travel may return with ventures like Boom’s Overture, backed by American and United Airlines, aiming for commercial flights by the late 2020s.

2. Hotels: From Luxury Expansion to Micro-Rooms and Personalization

The hotel sector is adapting to consumer demand at both extremes: ultra-luxury expansion and budget-friendly micro stays. Global luxury giants like Ritz-Carlton, Shangri-La, and Rosewood are opening new flagship properties worldwide, targeting affluent travelers seeking personalized experiences. At the same time, pod hotels and extended-stay brands are thriving, catering to younger, cost-conscious travelers and business professionals needing long-term accommodations.

Millennials and Gen Z are redefining expectations. They want localized, authentic stays that blend seamlessly with their destinations—farm-to-table dining, boutique cultural experiences, and properties that reflect local flavor. Social media is a powerful driver, with hotels now designing “Instagrammable” spaces and experiences.

Lifestyle branding is another growing trend. Chains such as Marriott’s Moxy and Hilton’s Tru target younger travelers with affordable rooms, hip communal spaces, and digital-first services. Fitness-focused rooms, “poshtels” (upscale hostels), and dog-friendly properties are carving out strong niches.

Technology also plays a pivotal role. Loyalty programs tied to direct booking apps offer perks like mobile check-in, digital room keys, and personalized promotions. This not only boosts guest satisfaction but also helps hotels compete with online travel agencies (OTAs), which continue to capture significant booking market share.

3. Cruises, Rail, and Experiential Travel

Cruising is experiencing a boom at both ends of the spectrum. Mega-ships like Royal Caribbean’s Icon of the Seas cater to families with all-inclusive packages and theme-park-like amenities, while luxury small ships and river cruises appeal to travelers seeking exclusivity, intimacy, and cultural immersion.

Sustainability is now a defining issue for cruise lines. Operators are experimenting with biofuels, advanced waste systems, and ship designs that minimize environmental impact. Demand in China also represents a massive growth opportunity, with new domestically built ships entering service.

Beyond cruises, experiential and sustainable travel has surged in popularity. Ecotourism, adventure trips, and “social impact travel” (volunteer-oriented vacations) are gaining traction among Millennials, Gen Z, and affluent Boomers alike. Certification programs such as Green Globe and EarthCheck are setting standards for eco-friendly properties and destinations.

Rail is also reasserting itself as an alternative to air travel. China and Europe lead in high-speed networks, with Maglev and other advanced technologies cutting travel times dramatically. In the U.S., progress has been slower, though private projects like Brightline in Florida and the proposed Brightline West between Los Angeles and Las Vegas show promise.

4. Demographics, Technology, and the Future of Travel

Demographic shifts will reshape demand. Aging Baby Boomers, many of whom are affluent and health-conscious, are fueling growth in activity-based travel such as hiking, cycling, and pickleball tours. They want immersive experiences, cultural engagement, and wellness-oriented itineraries. Meanwhile, Millennials and Gen Z value affordability, authenticity, and eco-consciousness, often blending leisure with philanthropy or community involvement.

Technology continues to transform travel at every level. Artificial intelligence is being deployed for personalized recommendations, dynamic pricing, and operational efficiency. Smartphones are central to the guest experience, enabling touchless services across airlines, hotels, and cruises. Biometric screening, RFID-enabled luggage, and AI-driven security systems promise safer and more efficient travel.

Finally, the sharing economy, led by platforms like Airbnb and Vrbo, remains a disruptive force. These platforms appeal to travelers seeking more space, affordability, or unique local stays. In response, major hotel brands are experimenting with hybrid models, launching their own vacation rental platforms to stay competitive.

5. Future Outlook

The travel industry is a “bubbling cauldron of change.” Airlines are redefining competition through pricing strategies, new aircraft, and sustainability initiatives. Hotels are innovating at both luxury and budget levels, driven by changing consumer values and technological integration. Cruises and experiential travel are thriving, fueled by a desire for both convenience and deeper connections. And across all sectors, demographics and technology are pushing companies to innovate faster than ever before.

What emerges is a more dynamic, personalized, and sustainability-conscious industry. For travelers, this means more choices, richer experiences, and new ways to see the world. For the industry, it means relentless reinvention is no longer optional—it’s the path to survival and success.

Key Concepts:  Airlines, business, hotels, economics, resorts, entrepreneurship, finance, travel, globalization, tourism, innovation, investing, marketing, cruises, trains

Source: Plunkett Research, Ltd., Copyright © 2025

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Airline, Hotel & Travel Industry.  (See: https://www.plunkettresearch.com/industries/travel-tourism-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Airline, Hotel & Travel Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Airline, Hotel & Travel Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Airline, Hotel & Travel Industry

1. Major Trends Affecting the Airline, Hotel & Travel Industry
2. Introduction to the Travel Industry
3. Discount Airlines Compete with Legacy Airlines, but the Differences Are Beginning to Blur
4. Major Airlines Change Strategy, Charge Fees
5. Business Class/Premium Economy Are Big Money Makers
6. Private Jet Sharing and Rentals Are Big Business/Semi-Private Airlines Compete
7. Boeing and Airbus Compete for New Orders
8. New Aircraft Designs Offer Greater Passenger Comfort/More Efficient Engines
9. Supersonic Jets Fly Again
10. Hydrogen and Electric Powered Airplanes Are Under Research and Development
11. Airports Expand
12. China Makes Immense Investments in Railroads, Highways, Airports & Silk Road
13. Online Travel Agencies (OTAs)/Hotels Fight to Keep Control of the Customer
14. Ecotourism, Sustainable Tourism, Adventure Tourism and Volunteerism Gained Popularity as Certification Standards Are Set
15. Luxury Hotel Chains Expanded Globally
16. What Millennials and Mobile-Savvy Consumers Want as Tourists and Travelers
17. Hotels Target Young Customers with Strategies Ranging from Micro Rooms and Hostels, to Hip Hotels that Encourage Mingling to Fitness Options
18. Localization Drives Hotel Features, Marketing
19. Dog-Friendly Hotels Will Gain Market Share
20. Sharing Economy Gains Market Share in Travel with Online Sites Like Airbnb, Vrbo and Many Global Competitors
21. Cruise Industry Enjoys High Occupancy and Launches New Ships
22. Small Cruise Ships Feature Adventure, Luxury, Intimacy or Access to More Places
23. River Cruise Lines Reap the Benefits of Low Capital Investment and High Fares
24. Chinese Tourists Create Growth Opportunities for the Cruise and Hotel Industries
25. New Technologies Show Promise for Port and Airport Security
26. High Speed Passenger Trains, Including Maglev, Advance in China and Europe
27. U.S. Passenger Train Projects Receive Funding, Including Light Rail and All Aboard Florida
28. Aging Baby Boomers Will Cause Significant Changes in the Leisure Sector, Including Sports and Activity-Based Travel
29. The Future of Travel

Plunkett Research Provides In-Depth Tables for the Following Airline, Hotel & Travel Industry Statistics

1. Airline, Hotel & Travel Industry Statistics and Market Size Overview
2. Air Carrier Traffic Statistics, U.S.: 2000 – April 2025
3. Consolidation in U.S. Airlines
4. U.S. Airline Passenger Activity: 2010-2045
5. Top Regions of U.S. Residents Traveling Abroad (Outbound): 2023-2024
6. Top 10 U.S. Airlines & Airports Ranked by 2025 System Scheduled Enplanements
7. Cruise Line Industry Overview, U.S.: 2016-2024
8. Estimated U.S. Hotel & Accommodations Sector Quarterly Revenues: 2023-1st Quarter 2025
9. Employment in the Airline, Hotel & Travel Industry, U.S.: 2019 – June 2025
10. Quarterly U.S. Scheduled Service Passenger Airlines Financial Reports: 1st Quarter 2024-1st Quarter 2025
11. Total Scheduled U.S. International Passenger Traffic, U.S. Commercial Air Carriers: 2010-2045

9.8.25

The biotechnology, pharmaceuticals, and genetics industry is undergoing seismic changes driven by rapid scientific breakthroughs, evolving healthcare needs, and global competition. From affordable DNA sequencing to gene therapies and artificial intelligence-driven drug discovery, these shifts are transforming how diseases are understood, treated, and even prevented. Below, we explore the most important trends shaping the future of these interconnected sectors.

Even more information on this industry is available!  Check out our Biotech Industry Center.

Plunkett’s Biotechnology, Pharmaceuticals & Genetics Industry eBook, latest edition.

1. Personalized Medicine and the Era of Affordable DNA Sequencing

One of the most transformative shifts is the dramatic fall in the cost of DNA sequencing. Once a billion-dollar endeavor, sequencing an individual genome today can cost just a few hundred dollars. This democratization of genomic data is unlocking the potential of personalized medicine, where treatments can be tailored to each patient’s genetic profile.

Cancer therapies are already benefiting: genetic testing helps determine which patients will respond best to drugs like Herceptin or Keytruda, improving outcomes while reducing side effects and costs. As next-generation sequencing technologies become mainstream, physicians will increasingly use genetic insights to guide therapy decisions across multiple disease categories.

2. Gene Therapy and the CRISPR Revolution

Perhaps no innovation has generated more excitement than gene therapy and CRISPR gene editing. Gene therapies, which replace or repair defective genes, are now commercially viable, with multi-million-dollar treatments approved for conditions like hemophilia and muscular dystrophy.

CRISPR, first demonstrated in 2012, enables scientists to “edit” DNA with remarkable precision. Its applications are vast: from correcting genetic defects in humans to engineering drought-resistant crops. Recent approvals of CRISPR-based therapies for sickle cell disease signal the dawn of a new era where genetic disorders may be cured rather than managed.

3. Artificial Intelligence Accelerates Drug Discovery

Drug discovery has traditionally been costly and time-intensive, often requiring more than a decade and billions of dollars to bring a single therapy to market. Artificial Intelligence (AI) is reshaping this paradigm. By analyzing vast datasets, simulating outcomes, and identifying promising compounds, AI can dramatically shorten the development cycle.

During the COVID-19 pandemic, AI tools helped researchers identify drug candidates and accelerate vaccine development. Startups like Atomwise and Deep Genomics, alongside tech giants such as Google DeepMind, are pioneering the use of neural networks and predictive models in pharmaceutical R&D. The future promises not only faster development but also a surge in drug repurposing, where existing medications are used for new conditions.

4. Revolutionary New Drugs for Obesity and Beyond

Obesity has long been a major public health crisis, but a new generation of drugs is changing the game. GLP-1 receptor agonists such as Wegovy, Ozempic, and Zepbound are showing remarkable efficacy in reducing weight and improving outcomes for type 2 diabetes.

The implications go beyond obesity: these drugs are being studied for their potential in treating cardiovascular disease, Parkinson’s, and even addiction. Analysts predict that GLP-1 drugs could become some of the most lucrative therapies in pharmaceutical history, with ripple effects in lowering obesity-related healthcare costs worldwide.

5. Rising Drug Prices and Global Tensions

While innovation flourishes, drug affordability remains a pressing issue. The U.S. consistently pays far higher prices for drugs compared to other nations, sparking debates over fairness and sustainability. In response, the federal government has granted Medicare new powers to negotiate drug prices, a landmark shift in U.S. healthcare policy.

Globally, pharmaceutical spending already exceeds $1.8 trillion and is projected to grow sharply as populations age and demand for advanced therapies rises. The tension between innovation costs and patient access is set to remain one of the industry’s greatest challenges.

6. Regenerative Medicine and 3D Printing

Stem cell research and 3D bioprinting represent a bold frontier in regenerative medicine. Early trials using stem cells to regenerate tissues such as cartilage and heart muscle show extraordinary promise. Meanwhile, 3D bioprinting technologies are enabling the creation of living tissues and, in the future, may lead to fully functional lab-grown organs.

Although still in its infancy, the potential is staggering: engineered tissues could replace damaged organs, reduce reliance on transplants, and even help reverse the effects of aging-related diseases.

7. Agricultural Biotechnology and Food Innovation

Beyond healthcare, biotechnology is reshaping food production. Genetically modified (GM) crops are widely planted around the world, offering higher yields and disease resistance. CRISPR gene-editing is emerging as an alternative to traditional GMOs, avoiding some regulatory hurdles while delivering similar benefits.

The push for plant-based and lab-grown meats is also gaining traction, though consumer adoption has been uneven. As the global population approaches 10 billion by 2050, biotechnology will play a crucial role in ensuring food security while reducing environmental impacts.

8. Cancer Therapies and Immunotherapy

Cancer treatment is being transformed by immunotherapies such as checkpoint inhibitors, CAR-T cell therapies, and antibody-drug conjugates (ADCs). These approaches harness the immune system to selectively attack cancer cells, offering higher efficacy and fewer side effects compared to traditional chemotherapy.

For example, CAR-T therapies involve re-engineering a patient’s T-cells to recognize and destroy malignant cells, often achieving remission in patients unresponsive to other treatments. While expensive, these therapies are paving the way for highly personalized, precision oncology.

9. The Bioindustrial Era on the Horizon

The convergence of biotechnology with nanotechnology and information science is ushering in a bioindustrial era. Innovations like synthetic biology, algae-based fuels, and enzyme-driven manufacturing could reshape industries beyond healthcare—reducing carbon footprints, creating sustainable materials, and boosting agricultural yields.

Companies such as DuPont and startups in synthetic biology are investing heavily in this vision, betting that biology-based solutions will replace traditional chemical and industrial processes in the near future.

10. The Future

The biotechnology, pharmaceuticals, and genetics industries are at an inflection point. Personalized medicine, CRISPR, AI-driven drug discovery, obesity drugs, regenerative medicine, and food biotech represent powerful forces for human health and well-being. Yet these advances come with challenges: skyrocketing costs, ethical dilemmas, global competition, and questions about access and privacy.

The next decade promises to be one of the most transformative in medical and biotech history, defining not only how we treat disease but also how we live, eat, and thrive in a rapidly changing world.

Key Concepts:  Biotechnology, business, genetics, economics, genomics, entrepreneurship, finance, science, globalization, healthcare, innovation, investing, marketing, artificial intelligence (AI)

Source: Plunkett Research, Ltd., Copyright © 2025

Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Biotech, Pharmaceuticals & Genetics Industry.  (See: https://www.plunkettresearch.com/industries/biotech-pharmaceuticals-genetics-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Biotech, Pharmaceuticals & Genetics Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

• Business trends analysis
• In-depth industry overview
• Technology trends analysis
• Forecasts
• Spending, investment, and consumption discussions
• In-depth industry statistics and metrics
• Industry employment numbers
  
  

Additional Key Features Include:

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

• U.S. and Global Firms
• Publicly held, Private and Subsidiaries
• Executive Contacts
• Revenues
• For Public Companies: Detailed Financial Summaries
• Statistical Tables
  
  

Key Questions Answered Include:

• How is the industry evolving?
• How is the industry being shaped by new technologies?
• How is demand growing in emerging markets and mature economies?
• What is the size of the market now and in the future?
• What are the financial results of the leading companies?
• What are the names and titles of top executives?
• What are the top companies and what are their revenues?
  
  

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Biotech, Pharmaceuticals & Genetics Industry.

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Biotech, Pharmaceuticals & Genetics Industry

1. Major Trends Affecting the Biotech, Pharmaceuticals & Genetics Industry
2. The State of the Biotechnology Industry Today
3. A Short History of Biotechnology
4. Fast Track Drugs Come to Market in the U.S. with FDA Cooperation
5. Ethanol Production Is Massive for Fuel Additives
6. Cellulosic Ethanol Makes Slow Commercial Progress
7. Major Drug Companies Acquire or Partner With Smaller Biotech Firms
8. Pharmaceutical R&D Improves with Artificial Intelligence (AI)
9. Nations Compete Fiercely in Biotech Development
10. Patients’ Genetic Profiles Plummet in Price as DNA Sequencing Technologies Advance
11. Gene Therapies Target Defective Genes/CRISPR Advances DNA Editing
12. Vaccines & Viruses as Therapies/mRNA Shows Great Promise
13. Massive R&D Investment Required for Development and Approval of New Drugs/Drug Prices Soar
14. Generic Drugs Have Biggest Market Share by Unit Volume, but not by Total Revenues
15. America Pays Higher Prices for Drugs Than Other Nations/U.S. Government Launches Drug Price Negotiation and Control Powers for Medicare
16. Biotech and Orphan Drugs Create New Revenues for Drug Firms
17. Revolutionary New Drugs (Zepbound, Wegovy and Ozempic) Treat Obesity, Diabetes and Addiction/Show Promise for Treating Many Other Diseases
18. Biosimilars (Generic Biotech Drugs) Receive FDA Guidelines for Accelerated Approval/Competition Will Be Fierce
19. Market for CBD Remains Steady
20. Stem Cells and 3-D Printing—A New Era of Tissue Replacement Takes Shape
21. Genetically Modified (GM) Seeds and Crops Planted in Dozens of Nations/Agribio R&D Investment Is High
22. Genetically Modified (GM) Foods Prompt Controversy, Labeling and Legislation
23. Plant-Based Meat Substitutes Developed
24. Selective Plant Breeding, Mutagenesis and Gene-Editing, Including CRISPR, as Alternatives to GM Seeds
25. Immunotherapy, ADCs and CAR-T Create Exciting New Approach to Fighting Cancers
26. Technology Discussion—Genes and DNA
27. Technology Discussion—Proteins and Proteomics
28. Technology Discussion—DNA Chips
29. Technology Discussion—SNPs (“Snips”)
30. Technology Discussion—Synthetic Biology
31. Technology Discussion—Recombinant DNA
32. Technology Discussion—Polymerase Chain Reaction (PCR)

Plunkett Research Provides In-Depth Tables for the Following Biotech, Pharmaceuticals & Genetics Industry Statistics

1. Biotech Industry Statistics and Market Size Overview
2. The U.S. Drug Discovery & Approval Process
3. U.S. FDA Novel New Drug Approvals by Year 2015-2024
4. Employment in Life & Physical Science Occupations by Business Type, U.S.: May 2024
5. Federal R&D & R&D Funding for Basic Research, U.S.: Fiscal Years 2023-2025
6. U.S. Exports & Imports of Pharmaceutical Products: 2019-2024
7. Prescription Drug Expenditures & Annual Percent Change, U.S.: 2017-2033
8. NSF Budget by Appropriation (Dollars in Millions), Fiscal Years: 2023-2025
9. Research Funding for Biological Sciences, U.S. National Science Foundation: Fiscal Years 2024-2026
10. The Nation’s Health Dollar: 2025 Where It Came From (Projected)
11. The Nation’s Health Dollar: 2025 Where It Went (Estimated)

9.2.25

The telecommunications industry is experiencing a dynamic transformation, propelled by sweeping technological innovations, fierce competition, and changing consumer behavior. As one of the most integral components of the global economy, telecom connects nearly every aspect of modern life—from mobile connectivity and internet access to entertainment and smart infrastructure. Here’s a look at the most important trends that are redefining the future of telecommunications.

Even more information on this industry is available!  Check out our Telecommunications Industry Center.

Plunkett’s Telecommunications Industry eBook, latest edition.

1. The Collapse of Landlines and the Rise of Bundled Services

Landlines are rapidly becoming obsolete. As of 2024, nearly 80% of U.S. households rely exclusively on wireless communication—a sharp rise from just 10.5% in 2006. Consumers, especially younger generations, prefer smartphones, which offer a seamless, multifunctional experience for calls, texts, internet access, and entertainment. Simultaneously, many households are adopting VOIP (Voice over Internet Protocol) services bundled with cable and internet, further accelerating the decline of traditional landline usage.

Telecom giants like Verizon and AT&T are responding with aggressive investments in fiber-to-the-home (FTTH) infrastructure, offering ultra-high-speed internet, TV, and phone services in bundled packages. These strategies aim to retain customers and tap into the growing demand for faster connectivity and streaming capabilities.

2. AI Transforms the Smartphone Experience

Artificial Intelligence (AI) is at the core of modern smartphone functionality. It powers everything from photography enhancements and voice assistants to real-time health tracking and automatic content generation. AI tools now enable users to convert speech into text, translate languages on the fly, and even auto-generate social media content.

Google has integrated AI-generated summary responses into its mobile search engine, streamlining the user experience by offering immediate, comprehensive answers. On the security front, AI supports facial recognition, voice identification, and battery optimization. Generative AI apps, like ChatGPT, are enabling content creation and research directly from smartphones, making devices more productive than ever.

3. 5G Expands Global Connectivity and Enables IoT

5G technology is ushering in a new era of hyper-connectivity. With speeds up to 10 Gbps and latency as low as one millisecond, 5G supports real-time applications such as autonomous vehicles, industrial automation, remote healthcare, and augmented reality.

Beyond speed, 5G is the backbone for the Internet of Things (IoT), linking billions of devices for machine-to-machine (M2M) communication. While urban areas are already enjoying 5G rollouts, rural regions lag behind due to the high infrastructure costs. Carriers are investing hundreds of billions of dollars to build out this next-gen network, which will require over 769,000 new transmission sites in the U.S. alone.

4. Wi-Fi as a Critical Partner to 5G

Despite the power of 5G, Wi-Fi remains indispensable. More than half of mobile data traffic is offloaded to Wi-Fi networks, relieving the strain on cellular infrastructure. This is particularly important for high-bandwidth applications like video streaming and cloud-based gaming.

Technological upgrades such as MU-MIMO and OFDMA are boosting Wi-Fi’s capacity to handle simultaneous device connections. As the number of connected devices rises—projected to reach 28.5 billion by 2023—Wi-Fi’s role in supporting seamless connectivity alongside 5G becomes ever more crucial.

5. VOIP Reshapes Voice Communication

VOIP continues to revolutionize the telecommunications sector. Platforms like Zoom, Microsoft Teams, Google Voice, and WhatsApp offer flexible, cost-effective alternatives to traditional voice services. Businesses and households alike are embracing VOIP for its affordability, robust features, and ability to integrate with broader communication platforms.

VOIP services allow users to select phone numbers from virtually any area code, enabling virtual business presence in multiple locations. This technology also bypasses the need for expensive physical infrastructure, reducing operating costs while improving scalability.

6. Satellite Internet: LEO and SmallSats Redefine Coverage

The deployment of low Earth orbit (LEO) satellites and miniaturized SmallSats is reshaping how internet services are delivered worldwide. SpaceX’s Starlink has already launched over 8,000 satellites, serving over 4 million subscribers globally. Amazon’s Project Kuiper and OneWeb are also making significant strides in deploying their own LEO networks.

These satellite constellations provide high-speed internet to remote and underserved regions, with lower latency compared to traditional satellites. Innovations such as reprogrammable satellites and 3D-printed components are driving down launch and maintenance costs, enabling more flexible and scalable services.

7. Fiber-to-the-Home Gains Traction

Fiber-optic infrastructure is the key to meeting growing demand for fast, reliable internet. FTTH technology delivers gigabit-level speeds directly into homes and offices. Providers like Google Fiber, Verizon Fios, and AT&T Fiber are expanding their footprints in major cities across the U.S., making broadband more accessible and affordable.

The expansion of FTTH also enhances video streaming, telehealth, and telepresence applications. With support for high-definition video conferencing and real-time collaboration tools, fiber networks are foundational to the digital economy.

8. Unified Communications and the Rise of Telepresence

The convergence of communication tools—email, voice, video, and messaging—into unified platforms is redefining workplace collaboration. Microsoft Teams, Cisco Webex, and Zoom have become essential tools for enterprises. These platforms offer integrated solutions that support teleconferencing, file sharing, virtual meetings, and more.

Telepresence systems are also evolving, delivering near life-like video experiences that make remote meetings more effective. This trend reduces the need for business travel while maintaining high productivity and engagement across distributed teams.

9. Telecom vs. Cable: Fierce Competition for TV and Internet

Telecom firms are aggressively encroaching on traditional cable territory. By offering TV over internet protocols (IPTV) and bundling services, companies like Verizon and AT&T are drawing customers away from cable operators. Verizon Fios, for instance, delivers hundreds of HD channels, on-demand content, and high-speed internet—all through fiber networks.

Cable providers, in turn, are entering the mobile market, offering wireless plans bundled with home internet. As the lines blur between telecom and cable, the battle for consumer loyalty is intensifying.

10. Preparing for 6G, Edge Computing, and Cybersecurity

On the horizon is 6G, which promises blazing speeds up to 1 terabyte per second, minimal latency, and support for fully immersive metaverse experiences. However, the path to 6G requires massive investments in hardware, standards development, and global collaboration.

Edge computing will also play a central role by processing data closer to its source, reducing latency and bandwidth use. As networks grow more interconnected, cybersecurity threats multiply. Safeguarding telecom infrastructure against hackers and state-sponsored cyberattacks is now a top priority for governments and enterprises alike.

11. The Future

The telecommunications industry is not just evolving—it is undergoing a structural transformation that will impact nearly every sector of society. From AI-infused smartphones and ubiquitous 5G to satellite-powered internet and immersive virtual communication, the future of telecom is exciting, fast-paced, and full of opportunity. As technology continues to advance, the companies that innovate boldly while investing in security and infrastructure will shape the digital ecosystem for decades to come.

Key Concepts: Networking, business, services, economics, internet, entrepreneurship, telecommunications, globalization, satellite, innovation, marketing, smartphones, technology, artificial intelligence (AI), 5G, 6G

Source: Plunkett Research, Ltd., Copyright © 2025