Digital Manufacturing Market

Digital Manufacturing Market - Global
Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2017–2025
Digital manufacturing is a process of improving the manufacturing process of the
product from virtual to physical world. Increasing adoption of cloud-based PLM software
is projected to increase the demand for digital manufacturing specific applications. This
will enable the manufacturing plants to access the PLM software from remote areas as
well. Technomatix and Manufacturing 360 are applications that are used in the iOS and
Android gadgets respectively. Furthermore, increasing adoption of internet of things in
manufacturing industries fuels market growth globally. According to Coherent Market
Insights, over 42 billon devices are projected to be connected to the internet by 2020.
Moreover, the demand to reduce capital expenditure, shorten lead times, and high
productivity is expected to increase the demand for digital manufacturing in various
verticals.
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Digital Manufacturing Market Taxonomy
On the basis of deployment model, the global Digital Manufacturing market is
segmented into:
● Cloud-based model
● On-premises model
Increasing adoption of cloud-based digital manufacturing software is one of the key
factor driving market growth. Venders are concentrating on reducing the cost of Product
Lifecycle Management (PLM), thereby trying to introduce cloud-based product lifecycle
solutions in the market. Several PLM service providers are installing PLM on the cloud
for end users. For instance, Wipro Limited, a worldwide information technology,
outsourcing, and consulting firm, is offering cloud-based PLM services to Siemens PLM
Software solution, Teamcenter. Such services help electronics manufacturing
organizations to install Teamcenter on the cloud with the help of Infrastructure as a
Service.
On the basis of end-use industry, the global Digital Manufacturing market is segmented
into:
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Automotive
Aerospace & Defense
Electrical and electronics
Industrial machinery
Consumer packaged goods
Utilities & Process
Others
The increasing sales and R&D investment in automotive industry globally provide
significant growth opportunity to the global digital manufacturing market. According to
“Organisation Internationale des Constructeurs d'Automobiles”, in 2016, around 98.8
million units of vehicles were sold worldwide up from 89.7 million in 2015. Moreover,
according to Coherent Market Insights analysis, US$ 94.2 billion was spent on
automotive R&D in 2016 up from US$ 91.5 billion in 2015. The implementation of digital
manufacturing in the automotive production process smoothens the flow of plant and
product data during various process. Furthermore, digital manufacturing authenticates
automation and robotics programs and accelerates the factory manufacturing process.
Also, the implementation of digital manufacturing provides real-time access to the
product lifecycle information to the administration.
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Digital Manufacturing Market Outlook – North America holds the largest market
share
On the basis of geography, global digital manufacturing market is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America
held the dominant position in the global digital manufacturing market in 2016 and is
projected to retain its dominance throughout the forecast period. The U.S., Mexico, and
Canada are the three major economies, which contribute to the swift growth of market in
the region. The increasing R&D investment in the aerospace & defense and automotive
sectors in the U.S provides immense growth opportunity to the digital manufacturing
market. In 2016, the U.S invested US$ 14.3 billion in R&D in aerospace & defense
industry up from US$ 14.1 billion in 2015. Similarly, for R&D in automotive sector, the
U.S. spent US$ 39.6 billion in 2016 up from US$ 37.5 billion in 2015. Moreover, the Asia
Pacific digital manufacturing market is projected to grow the highest CAGR over the
forecast period. Increasing demand for innovative products among end users segments
boosted the growth of market in this region. India, China, and Japan are some of the
major economies driving the growth of digital manufacturing market in this region.
Digital Manufacturing Market Players
Some of the key players operating in the global digital manufacturing market include
Autodesk, Dassault Systèmes, Mentor Graphics, PTC, and Siemens PLM Software.
The new product launch is one of the major strategies for the market leaders to increase
their market presence. For instance: Autodesk Inc. an America based software
company have officially announced that they have launched a Netfabb 2017, a
comprehensive toolkit for additive manufacturing professionals.
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Digital Manufacturing Market report categorizes global market on the basis of deployment model, end-use industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

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