The impact of globalization and the recent advancements in Information and Communication Technologies has pushed the manufacturing sector towards a new transformation. Current manufacturers with the help of recent advances in Cloud Computing, Artificial Intelligence, and Internet of Things are moving towards a new intelligent system called Predictive Manufacturing Systems (PMS). These systems can be used in a wide array of applications, including proactive maintenance, improved quality control and higher performance. This paper provides an overview of the current trends in Predictive Manufacturing Systems in recent years. The paper discusses the developed frameworks, enabling technologies and various applications of Predictive Manufacturing Systems.