+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Digital Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 141 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5642490

Quick Summary:

In the fast-evolving global digital manufacturing market space, there is a need for business leaders to stay ahead of industry trends and track the market's direction accurately. By purchasing this comprehensive report, you can arm yourself with actionable insights and vital data, which will support your strategic decision-making process and help you maintain your competitive edge.

Gain unparalleled insights into the key trends shaping the future of digital manufacturing across various sectors, from electronics and automotive to aerospace and defense. Understand the impact of emerging technologies, such as Internet of Things (IoT) and robotics. Discover how digital manufacturing solutions are driving efficiency across factory functions and contributing towards sustainable production methods. Additionally, this report provides a detailed segmentation of the market based on components, process types and applications, and offers in-depth analysis of the competitive landscape, featuring key players including Autodesk Inc., Bentley Systems, and Dassault Systemes S.A among others.

The global digital manufacturing market size reached US$ 424.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 1,134.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.73% during 2023-2028.

Digital manufacturing can be defined as the process of developing products virtually in the form of digital prototypes using a Computer-Aided Design (CAD) software. The software is often integrated with 3D visualization, simulation, analytics and collaboration tools to streamline the manufacturing processes. Digital manufacturing solutions are also used to perform various factory-related functions, including tooling, machining, assembly sequencing and designing plant layouts. They also connect operators with smart machines, tools and sensors to gather production data, monitor inventory in real-time and facilitate accurate testing. Owing to this, it finds extensive application across various industries, such as electronics, automotive, aerospace and defense.

Digital Manufacturing Market Trends:

The emerging trend of digitalization, along with the increasing adoption of product lifecycle management (PLM) systems, represent as the key factors driving the growth of the market. The PLM is a cloud-based digital manufacturing solution that aids in managing complex product information, manufacturing workflows, product engineering and collaborations while offering remote access to the authorities. Furthermore, the thriving automotive industry is also creating a positive outlook for the market. Automotive manufacturers are incorporating digital manufacturing solutions in their assembly lines to increase design capabilities and to adopt sustainable production methods. Additionally, the development of technologically advanced and innovative digital manufacturing tools is providing a significant boost to the market growth. These tools offer direct connectivity with the shop-floor hardware and platforms that can manage data from both the PLM and manufacturing execution systems. Other factors, including the implementation of the Internet of Things (IoT) and robotics to detect errors in the early stages of manufacturing, along with the extensive research and development (R&D) in the field of production technologies, are projected to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global digital manufacturing market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on component, process type and application.

Breakup by Component:

  • Software
  • Services

Breakup by Process Type:

  • Computer-Based Designing
  • Computer-Based Simulation
  • Computer 3D Visualization
  • Analytics
  • Others

Breakup by Application:

  • Automation and Transportation
  • Aerospace and Defense
  • Consumer Electronics
  • Utilities and Processes
  • Industrial Machinery
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Autodesk Inc., Bentley Systems, Incorporated CAD Schroer GmbH, Dassault Systemes S.A., Mentor Graphics Corporation, Siemens Aktiengesellschaft and PTC Inc.

Key Questions Answered in This Report

1. What was the size of the global digital manufacturing market in 2022?
2. What is the expected growth rate of the global digital manufacturing market during 2023-2028?
3. What are the key factors driving the global digital manufacturing market?
4. What has been the impact of COVID-19 on the global digital manufacturing market?
5. What is the breakup of the global digital manufacturing market based on the component?
6. What is the breakup of the global digital manufacturing market based on the process type?
7. What is the breakup of the global digital manufacturing market based on the application?
8. What are the key regions in the global digital manufacturing market?
9. Who are the key players/companies in the global digital manufacturing market?
Frequently Asked Questions about the Global Digital Manufacturing Market

What is the estimated value of the Global Digital Manufacturing Market?

The Global Digital Manufacturing Market was estimated to be valued at $424.7 Billion in 2022.

What is the growth rate of the Global Digital Manufacturing Market?

The growth rate of the Global Digital Manufacturing Market is 17.8%, with an estimated value of $1134.3 Billion by 2028.

What is the forecasted size of the Global Digital Manufacturing Market?

The Global Digital Manufacturing Market is estimated to be worth $1134.3 Billion by 2028.

Who are the key companies in the Global Digital Manufacturing Market?

Key companies in the Global Digital Manufacturing Market include Autodesk Inc., Bentley Systems, Incorporated CAD Schroer GmbH, Dassault Systemes S.A., Mentor Graphics Corporation, PTC Inc. and Siemens Aktiengesellschaft.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Digital Manufacturing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Process Type
7.1 Computer-Based Designing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Computer-Based Simulation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Computer 3D Visualization
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Analytics
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Automation and Transportation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Utilities and Processes
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Industrial Machinery
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Autodesk Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Bentley Systems
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Incorporated CAD Schroer GmbH
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Dassault Systemes S.A
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Mentor Graphics Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 SWOT Analysis
14.3.6 PTC Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Siemens Aktiengesellschaft
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio

Companies Mentioned

  • Autodesk Inc.
  • Bentley Systems Incorporated CAD Schroer GmbH
  • Dassault Systemes S.A.
  • Mentor Graphics Corporation
  • PTC Inc.
  • Siemens Aktiengesellschaft

Methodology

Loading
LOADING...