Digital Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Digital Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2048
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Market Overview 2023-2028:

The global digital manufacturing market size reached US$ 424.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,134.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.73% during 2023-2028.

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.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Digital Manufacturing Market Trends:

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 at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, process type and application.

Breakup by Component:

 

 
 

 

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  • 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:

 

 
 

 

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  • 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, Incorporated CAD Schroer GmbH, Dassault Systemes S.A., Mentor Graphics Corporation, Siemens Aktiengesellschaft and PTC Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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, Incorporated CAD Schroer GmbH, Dassault Systemes S.A., Mentor Graphics Corporation, PTC Inc. and Siemens Aktiengesellschaft
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
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)

Key Questions Answered in This Report

The global digital manufacturing market was valued at US$ 424.7 Billion in 2022.

We expect the global digital manufacturing market to exhibit a CAGR of 16.73% during 2023-2028.

The rising penetration of digitization across diverse industrial verticals, coupled with the increasing adoption of Product Lifecycle Management (PLM) systems, is primarily driving the global digital manufacturing market.

The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of 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.

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 process type, the global cheese market has been divided into computer-based designing, computer-based simulation, computer 3D visualization, analytics, and others. Among these, computer- based simulation process currently exhibits a clear dominance in the market.

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. Currently, the industrial machinery 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, Incorporated CAD Schroer GmbH, Dassault Systemes S.A., Mentor Graphics Corporation, Siemens Aktiengesellschaft, and PTC Inc.

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Digital Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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