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Description
Global 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. 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. In addition, global digital manufacturing market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global digital manufacturing products.
Digital Manufacturing Market:
The global digital manufacturing market is poised to grow at significant CAGR over 2019-2025. 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.
Increasing Adoption of Internet of Things in Manufacturing Industries is Fueling the Market Growth
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 Accounts for Larger Market Revenue Share in Global Market
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.
Competition Assessment
Key player’s profiles in the global market include:
- Autodesk
- Bentley Systems
- CAD Schroer
- Dassault Systèmes
- Mentor Graphics
- Open Factory 3D
- PTC
- Siemens PLM Software
Global digital manufacturing market is surging owing to frequent acquisitions and launchings by the market players. For Instance,
Key Findings of the Report:
- Global digital manufacturing market expanding at significant CAGR over 2019 to 2025 owing to
- Based on process, analytics segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global digital manufacturing market
Detailed Segmentation
By Process
- Analytics
- Computer 3D Visualization
- Computer-based Designing
- Computer-based Simulation
- Others
By Source
- Software
- Services
By Application
- Aerospace and Defense
- Automotive and Transportation
- Consumer Electronics
- Hi-tech Electronics
- Industrial Machinery
- Utilities and Processes
By Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- 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
Location
GEOGRAPHY
