Digital Manufacturing Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Digital Manufacturing Market: By Process (Analytics, Computer 3D Visualization, Computer-based Designing, Computer-based Simulation and Others), By Source (Software and Services), By Application (Aerospace and Defense, Automotive and Transportation, Consumer Electronics, Hi-tech Electronics, Industrial Machinery and Utilities and Processes) and Geography

 

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Report

Description

Digital Manufacturing Market size was valued at USD 338 billion in 2021. It is expected to reach a value of USD 910.09 billion by 2028, growing at a CAGR of 15.2% during 2022-28. 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 visualisation, simulation, analytics, and collaboration tools. Additionally, a number of 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 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 internet of things in manufacturing industries, demand to reduce capital expenditure and shorten 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 automotive industry provides huge growth opportunity for the market growth.

 

Digital Manufacturing Market

MARKET SUMMARY
-
15.2%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR–  15.2%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Digital Manufacturing Market

  • The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of Process, Source, application and region.
  • This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global digital manufacturing products.
Key Players
  • Autodesk
  • Bentley Systems
  • Mentor Graphics
  • Open Factory 3D
  • Siemens PLM Software
Digital Manufacturing Market Dynamics

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.


Asia-Pacific Got Significant Share

Digital Manufacturing Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market and forecast
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Digital Manufacturing Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Autodesk
  • Bentley Systems
  • CAD Schroer
  • Dassault Systèmes
  • Mentor Graphics
  • Open Factory 3D
  • PTC
  • Siemens PLM Software

Description

Digital Manufacturing Market size was valued at USD 338 billion in 2021. It is expected to reach a value of USD 910.09 billion by 2028, growing at a CAGR of 15.2% during 2022-28. 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 visualisation, simulation, analytics, and collaboration tools. Additionally, a number of 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 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 internet of things in manufacturing industries, demand to reduce capital expenditure and shorten 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 automotive industry provides huge growth opportunity for the market growth.

 

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