The manufacturing industry has always been a crucial part of any economy, and the role of an industrial manufacturing technician has become increasingly important in recent years. These technicians are responsible for ensuring the smooth and efficient operation of manufacturing processes, and their role has been enhanced by the increasing use of automation in this sector.
As the manufacturing sector continues to grow and evolve, the demand for industrial manufacturing technicians is expected to increase even further. This is good news for aspiring technicians who are interested in pursuing a career in this field, as it suggests that there will be a high level of job security and stability in the future.
However, it’s important for industrial manufacturing technicians to understand the salary trends and projections in the field in order to make informed decisions about their future career path. In this article, we’ll take a closer look at the future of industrial manufacturing technician salaries, trends, and projections.
Trends in Industrial Manufacturing Technician Salaries
According to the Bureau of Labor Statistics (BLS), the median annual salary for industrial production managers, which includes industrial manufacturing technicians, was $105,480 in May 2020. This is a significant increase from the $97,140 median annual salary recorded in May 2019.
Additionally, the BLS reports that the top 10% of earners in this field earned more than $169,800 in May 2020. This suggests that there is significant earning potential for experienced technicians who are able to excel in their roles and advance their careers.
Projections for Industrial Manufacturing Technician Salaries
The BLS also provides projections for various occupations, including industrial production managers. According to their data, employment of industrial production managers is expected to grow by 2% from 2019 to 2029, which is slower than the average for all occupations.
However, this projection does not account for the increasing demand for automation and technological advancements in the manufacturing industry, which are likely to increase the demand for skilled technicians. As a result, it’s reasonable to expect that the demand for industrial manufacturing technicians will increase in the coming years, which could lead to higher salaries and more job opportunities.
Additionally, a report by Deloitte and The Manufacturing Institute projects that there will be an estimated 3.5 million manufacturing job openings in the United States over the next decade, with a significant portion of these jobs requiring technical skills. This highlights the importance of technical skill development for aspiring industrial manufacturing technicians, as it will be essential for them to stay competitive in the job market.
As the manufacturing industry continues to evolve and grow, the demand for skilled technicians will only increase. For those interested in pursuing a career as an industrial manufacturing technician, it’s important to understand the salary trends and projections in order to make informed career decisions.
While the BLS projections may suggest slower growth in employment, the increasing demand for automation and other technological advancements in the field suggest that the demand for skilled technicians will remain high. As a result, we can expect to see competitive salaries and job opportunities in the coming years for those who have the necessary technical skills and experience.