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Global Digital Manufacturing Market to Grow at a CAGR of 7.3% During 2021-2026, Fostered by Increasing Trend of Digitization

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Digital Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview 2021-2026:

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.

Digital Manufacturing Market Report

Global Digital Manufacturing Market Trends and Drivers:

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. 

Key Market Segmentation:

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:

  • Software
  • Services


Breakup by Process Type:

  • Computer-Based Designing
  • Computer-Based Simulation
  • Computer 3D Visualization
  • Analytics
  • Others
     

Breakup by Application:

  • Automation and Transportation
  • Aerospace and Defense
  • Consumer Electronics
  • Utilities and Processes
  • Industrial Machinery
  • Others


Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

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.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
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)

 

 

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Digital Manufacturing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services 
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Process Type
    7.1    Computer-Based Designing
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Computer-Based Simulation
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Computer 3D Visualization
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Analytics
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Application
    8.1    Automation and Transportation
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aerospace and Defense
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Consumer Electronics
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Utilities and Processes
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Industrial Machinery
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Indicators
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Autodesk Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Bentley Systems
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    CAD Schroer GmbH
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials 
        14.3.4    Dassault Systemes Simulia Corp.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5    Mentor Graphics Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 SWOT Analysis
        14.3.6    PTC Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials 
           14.3.6.4 SWOT Analysis
        14.3.7    Siemens Industry Software Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 

List of Figures

Figure 1: Global: Digital Manufacturing Market: Major Drivers and Challenges
Figure 2: Global: Digital Manufacturing Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Digital Manufacturing Market: Breakup by Component (in %), 2020
Figure 4: Global: Digital Manufacturing Market: Breakup by Process Type (in %), 2020
Figure 5: Global: Digital Manufacturing Market: Breakup by Application (in %), 2020
Figure 6: Global: Digital Manufacturing Market: Breakup by Region (in %), 2020
Figure 7: Global: Digital Manufacturing Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Digital Manufacturing (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Digital Manufacturing (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Digital Manufacturing (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Digital Manufacturing (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Digital Manufacturing (Computer-Based Designing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Digital Manufacturing (Computer-Based Designing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Digital Manufacturing (Computer-Based Simulation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Digital Manufacturing (Computer-Based Simulation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Digital Manufacturing (Computer 3D Visualization) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Digital Manufacturing (Computer 3D Visualization) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Digital Manufacturing (Analytics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Digital Manufacturing (Analytics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Digital Manufacturing (Other Processes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Digital Manufacturing (Other Processes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Digital Manufacturing (Automation and Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Digital Manufacturing (Automation and Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Digital Manufacturing (Aerospace and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Digital Manufacturing (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Digital Manufacturing (Consumer Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Digital Manufacturing (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Digital Manufacturing (Utilities and Processes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Digital Manufacturing (Utilities and Processes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Digital Manufacturing (Industrial Machinery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Digital Manufacturing (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Digital Manufacturing (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Digital Manufacturing (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: North America: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: North America: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: United States: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: United States: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Canada: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Canada: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Asia Pacific: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Asia Pacific: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: China: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: China: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Japan: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Japan: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: India: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: India: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: South Korea: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: South Korea: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Australia: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Australia: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Indonesia: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Indonesia: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Others: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Others: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Europe: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Europe: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Germany: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Germany: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: France: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: France: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: United Kingdom: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: United Kingdom: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Italy: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Italy: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Spain: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Spain: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Russia: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Russia: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Latin America: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Latin America: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Brazil: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Brazil: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Mexico: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Mexico: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Middle East and Africa: Digital Manufacturing Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Middle East and Africa: Digital Manufacturing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Global: Digital Manufacturing Industry: SWOT Analysis
Figure 83: Global: Digital Manufacturing Industry: Value Chain Analysis
Figure 84: Global: Digital Manufacturing Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Digital Manufacturing Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Digital Manufacturing Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Digital Manufacturing Market Forecast: Breakup by Process Type (in Million US$), 2021-2026
Table 4: Global: Digital Manufacturing Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Digital Manufacturing Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Digital Manufacturing Market: Competitive Structure
Table 7: Global: Digital Manufacturing Market: Key Players

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Key Question Answered in this Report

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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