Global Digital Manufacturing Market to Reach US$ 1,776.6 Billion by 2032, Impelled by Advent of Industry 4.0

September 15, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “­­Digital Manufacturing Market Report by Component (Software, Services), Process Type (Computer-Based Designing, Computer-Based Simulation, Computer 3D Visualization, Analytics, and Others), Application (Automation and Transportation, Aerospace and Defense, Consumer Electronics, Utilities and Processes, Industrial Machinery, and Others), and Region 2024-2032,” the global digital manufacturing market size reached US$ 500.2 Billion in 2023. Digital manufacturing is a transformative approach that integrates advanced technologies, data analytics, and automation to revolutionize the way products are designed, produced, and delivered. This methodology leverages digital twins, computer-aided design (CAD), simulations, and other digital tools to create a virtual representation of the entire manufacturing process. This allows businesses to optimize production processes, enhance product quality, and reduce time-to-market. By digitally simulating different production scenarios, companies can identify potential bottlenecks, optimize workflows, and make informed decisions that lead to greater efficiency and cost savings. With the rise of Industry 4.0 and the Internet of Things (IoT), digital manufacturing has become a strategic imperative for companies seeking to stay competitive in a rapidly evolving business landscape.

Global Digital Manufacturing Market Trends:

The global digital manufacturing market is experiencing rapid expansion due to the rising demand for operational excellence and efficiency optimization, urging manufacturers to adopt digital solutions for streamlining production processes. Besides this, digital manufacturing technologies offer real-time visibility into operations, enabling manufacturers to monitor performance, track quality metrics, and make timely adjustments. This enhances overall productivity and reduces waste while maintaining consistent product quality. Moreover, the increasing complexity of products and the demand for customization are driving the adoption of digital manufacturing. Concurrent with this, with digital tools, manufacturers can simulate and validate product designs before physical production, reducing errors and enabling rapid prototyping. This expedites product development cycles and allows companies to meet consumer expectations for unique and innovative products, thereby aiding in market expansion. In addition to this, the rise of remote work and global supply chain disruptions have further heightened the importance of digital manufacturing by facilitating remote monitoring, predictive maintenance, and collaboration across geographically dispersed teams. Furthermore, escalating sustainability concerns and environmental regulations are pushing companies to adopt greener manufacturing practices to help optimize resource utilization, minimize waste, and reduce energy consumption through accurate simulations and data-driven insights. Apart from this, the incorporation of artificial intelligence (AI) and machine learning (ML) into digital manufacturing processes enabling predictive analytics, autonomous decision-making, and self-optimizing production systems, is presenting lucrative opportunities for market growth. Looking forward, the market value is projected to reach US$ 1,776.6 Billion by 2032, expanding at a CAGR of 14.7% during 2024-2032.

Market Summary:

  • Based on the component, the market is bifurcated into software and services.
  • On the basis of the process type, the market has been segregated into computer-based designing, computer-based simulation, computer 3D visualization, analytics, and others.
  • Based on the application, the market is categorized into automation and transportation, aerospace and defense, consumer electronics, utilities and processes, industrial machinery, and others.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Autodesk Inc., Bentley Systems Incorporated, CAD Schroer GmbH, Dassault Systemes S.A., Mentor Graphics Corporation, PTC Inc., and Siemens Aktiengesellschaft.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Digital Manufacturing Market to Reach US$ 1,776.6 Billion by 2032, Impelled by Advent of Industry 4.0
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More