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The global digital manufacturing market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Digital manufacturing can be defined as the process of developing products virtually in the form of digital prototypes using a Computer-Aided Design (CAD) software. The software is often integrated with 3D visualization, simulation, analytics and collaboration tools to streamline the manufacturing processes. Digital manufacturing solutions are also used to perform various factory-related functions, including tooling, machining, assembly sequencing and designing plant layouts. They also connect operators with smart machines, tools and sensors to gather production data, monitor inventory in real-time and facilitate accurate testing. Owing to this, it finds extensive application across various industries, such as electronics, automotive, aerospace and defense.
The emerging trend of digitalization, along with the increasing adoption of product lifecycle management (PLM) systems, represent as the key factors driving the growth of the market. The PLM is a cloud-based digital manufacturing solution that aids in managing complex product information, manufacturing workflows, product engineering and collaborations while offering remote access to the authorities. Furthermore, the thriving automotive industry is also creating a positive outlook for the market. Automotive manufacturers are incorporating digital manufacturing solutions in their assembly lines to increase design capabilities and to adopt sustainable production methods. Additionally, the development of technologically advanced and innovative digital manufacturing tools is providing a significant boost to the market growth. These tools offer direct connectivity with the shop-floor hardware and platforms that can manage data from both the PLM and manufacturing execution systems. Other factors, including the implementation of the Internet of Things (IoT) and robotics to detect errors in the early stages of manufacturing, along with the extensive research and development (R&D) in the field of production technologies, are projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital manufacturing market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, process type, application and region.
Breakup by Component:
Breakup by Process Type:
Breakup by Application:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Autodesk Inc., Bentley Systems, CAD Schroer GmbH, Dassault Systemes Simulia Corp., Mentor Graphics Corporation, PTC Inc., Siemens Industry Software Inc., etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Component, Process Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Autodesk Inc., Bentley Systems, CAD Schroer GmbH, Dassault Systemes Simulia Corp., Mentor Graphics Corporation, PTC Inc. and Siemens Industry Software Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
We expect the global digital manufacturing market to exhibit a CAGR of 7.3% during 2021-2026.
The rising penetration of digitization trends across diverse industrial verticals, along with the increasing adoption of Product Lifecycle Management (PLM) systems, is currently catalyzing the global digital manufacturing market.
The sudden outbreak of the COVID-19 pandemic has led to a significant rise in the adoption of the digital manufacturing system as it remotely connects operators with smart machines, tools and sensors to gather production data, monitor inventory in real-time, and facilitate accurate testing. This system has offered numerous benefits to the manufacturing units by maintaining their production capacities and reducing the dependence on workforce.
Based on the component, the global digital manufacturing market can be segmented into software and services. Currently, software holds the majority of the total market share.
Based on the application, the global digital manufacturing market can be categorized into automation and transportation, aerospace and defense, consumer electronics, utilities and processes, industrial machinery, and others. Among these, the automation and transportation sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global digital manufacturing market include Autodesk Inc., Bentley Systems, CAD Schroer GmbH, Dassault Systemes Simulia Corp., Mentor Graphics Corporation, PTC Inc., Siemens Industry Software Inc., etc.
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