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Digital Manufacturing Market: By Process, By Source, By Application and Geography
Digital Manufacturing Market: By Process, By Source, By Application and Geography
Digital Manufacturing Market size was valued at US$ 388 billion in 2023. It is expected to reach a value of US$ 911.09 billion by 2030, growing at a CAGR of 16.2% from 2024-2030. The process of creating items virtually as digital prototypes with the use of Computer-Aided Design (CAD) software is known as "digital manufacturing." To simplify the production processes, the software is frequently coupled with 3D visualization, simulation, analytics, and collaboration tools.
Additionally, many factory-related tasks like tooling, machining, assembly sequencing, and plant layout planning are carried out using digital manufacturing systems. In order to collect production data, track inventories in real-time, and assist in proper testing, they also link operators with intelligent devices, tools, and sensors. Because of this, it has a wide range of applications in many different industries, including electronics, automotive, aerospace, and military.
Digital Manufacturing Market Increased adoption of digital manufacturing technology for improved traceability, increasing adoption of the Internet of things in manufacturing industries, and demand to reduce capital expenditure and shortened lead times are some key factors fueling the market growth. However, factors such as high costs of investments are hampering the market growth. Further, increasing R&D investment in the automotive industry provides a huge growth opportunity for the market growth.
Study Period
2024-2030Base Year
2023CAGR
16.2%Largest Market
Asia-PacificFastest Growing Market
North America
Growing customer expectations, stronger demand for customization, the difficulty of the global supply chain these and numerous other challenges boost manufacturers to find novel, more advanced ways to remain competitive. In an effort to gain productivity developments and uncover new ways of improving manufacturing and supply chain operations. Smart factories are trending right along with smart homes, smart cities, smart grids, and so on. Internet of things (IoT) in manufacturing is a major area of interest. The adoption of IoT in manufacturing allows the transition of tradition manufacturing systems into current digitalized ones, producing significant economic opportunities through industries re-shaping.
Global Digital Manufacturing market report gives comprehensive outlook on digital manufacturing across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific accounted for larger revenue share in global digital manufacturing market with considerable CAGR due to increasing demand for innovative products among end users. China and India are the major contributors for the growth of the market in the region. North America held substantial market share during estimated period owing to adoption of DM across companies in the automotive and aerospace and defense sectors. Presence of major countries like USA and Canada are the other factors responsible for the market growth
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 388 billion |
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Market Size in 2030 |
US$ 911.09 billion |
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Market CAGR |
16.2% |
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By Process |
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By Source |
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By Application |
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By Region |
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Download Free Sample Report
The digital manufacturing market size was valued at US$ 388 billion in 2023 and is projected to grow at a CAGR of 16.2% from 2024-2030.
The digital manufacturing market key players are: Autodesk Bentley Systems CAD Schroer Dassault Systèmes Mentor Graphics Open Factory 3D PTC Siemens PLM Software
The digital manufacturing market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Digital Manufacturing Market Introduction |
| 2.1.Global Digital Manufacturing Market - Taxonomy |
| 2.2.Global Digital Manufacturing Market - Definitions |
| 2.2.1.Process |
| 2.2.2.Source |
| 2.2.3.Application |
| 2.2.4.Region |
| 3. Global Digital Manufacturing Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Digital Manufacturing Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Digital Manufacturing Market By Process, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Analytics |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Computer 3D Visualization |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Computer-based Designing |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Computer-based Simulation |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Digital Manufacturing Market By Source , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Software |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Services |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Digital Manufacturing Market By Application , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Aerospace and Defense |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Automotive and Transportation |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Consumer Electronics |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Hi-tech Electronics |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Industrial Machinery |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Utilities and Processes |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8. Global Digital Manufacturing Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Digital Manufacturing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Analytics |
| 9.1.2.Computer 3D Visualization |
| 9.1.3.Computer-based Designing |
| 9.1.4.Computer-based Simulation |
| 9.1.5.Others |
| 9.2. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Software |
| 9.2.2.Services |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Aerospace and Defense |
| 9.3.2.Automotive and Transportation |
| 9.3.3.Consumer Electronics |
| 9.3.4.Hi-tech Electronics |
| 9.3.5.Industrial Machinery |
| 9.3.6.Utilities and Processes |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Digital Manufacturing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Analytics |
| 10.1.2.Computer 3D Visualization |
| 10.1.3.Computer-based Designing |
| 10.1.4.Computer-based Simulation |
| 10.1.5.Others |
| 10.2. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Software |
| 10.2.2.Services |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Aerospace and Defense |
| 10.3.2.Automotive and Transportation |
| 10.3.3.Consumer Electronics |
| 10.3.4.Hi-tech Electronics |
| 10.3.5.Industrial Machinery |
| 10.3.6.Utilities and Processes |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Digital Manufacturing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Analytics |
| 11.1.2.Computer 3D Visualization |
| 11.1.3.Computer-based Designing |
| 11.1.4.Computer-based Simulation |
| 11.1.5.Others |
| 11.2. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Software |
| 11.2.2.Services |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Aerospace and Defense |
| 11.3.2.Automotive and Transportation |
| 11.3.3.Consumer Electronics |
| 11.3.4.Hi-tech Electronics |
| 11.3.5.Industrial Machinery |
| 11.3.6.Utilities and Processes |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Digital Manufacturing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Analytics |
| 12.1.2.Computer 3D Visualization |
| 12.1.3.Computer-based Designing |
| 12.1.4.Computer-based Simulation |
| 12.1.5.Others |
| 12.2. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Software |
| 12.2.2.Services |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Aerospace and Defense |
| 12.3.2.Automotive and Transportation |
| 12.3.3.Consumer Electronics |
| 12.3.4.Hi-tech Electronics |
| 12.3.5.Industrial Machinery |
| 12.3.6.Utilities and Processes |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Digital Manufacturing Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Analytics |
| 13.1.2.Computer 3D Visualization |
| 13.1.3.Computer-based Designing |
| 13.1.4.Computer-based Simulation |
| 13.1.5.Others |
| 13.2. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Software |
| 13.2.2.Services |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Aerospace and Defense |
| 13.3.2.Automotive and Transportation |
| 13.3.3.Consumer Electronics |
| 13.3.4.Hi-tech Electronics |
| 13.3.5.Industrial Machinery |
| 13.3.6.Utilities and Processes |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Autodesk |
| 14.2.2.Bentley Systems |
| 14.2.3.CAD Schroer |
| 14.2.4.Dassault Systmes |
| 14.2.5.Mentor Graphics |
| 14.2.6.Open Factory 3D |
| 14.2.7.PTC |
| 14.2.8.Siemens PLM Software |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.