Digital Manufacturing Market By Key Players, Status, Growth, Revenue, SWOT Analysis Forecast 2028

Precision Business Insights published a research report on “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) - Global/Region/Country Forecast to 2028”.

The use of computer technology to incorporate tools also including simulation, 3D visualisation, and analytics to build the layout of the product manufacturing process is referred to as digital manufacturing. Digital manufacturing is centred on a computer system, where a machine analyses a CAD (computer-aided design) file and produces it in a matter of hours. In addition, the method enables for the prototyping, manufacture, and fabrication of moulds to facilitate production.

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PLM's rapid expansion is projected to enhance digital manufacturing spending. Digital manufacturing increases production efficiency and shortens the time it takes for a product to reach the market. It also aids the organisation in planning and training people ahead of time. It may also virtually validate robotics and automation programmes. Part production processes can be optimised in a controlled environment thanks to digital manufacturing. This will assist businesses in making better use of their resources and lowering manufacturing costs. By comparing real-time and lifetime data, digital manufacturing enables for the execution of production processes. By offering a graphical interface to examine dimensional variance, digital manufacturing can help to support lean and flexible manufacturing. However, a hefty initial investment is a major limitation for this technology, which is preventing small and medium-sized businesses from investing in digital manufacturing technology. Companies are concerned about their reliance on external enterprise partners for new automation adoption since it affects their net profitability.

In terms of deployment model, the global Digital Manufacturing market is fragmented into: Cloud-based model and On-premises model. In terms of end-use industry, the global Digital Manufacturing market is categorized into: Aerospace & Defense, Automotive, Industrial machinery, Electrical and electronics, Utilities & Process, Consumer packaged goods, and Others.

North America dominated the worldwide digital manufacturing market, and it is expected to continue to do so during the forecast period. The three biggest economies in the region, the United States, Mexico, and Canada, all contribute to the region's rapid market expansion. The increased R&D expenditure in the aerospace and defence and automotive sectors in the United States presents the digital manufacturing market with a huge growth opportunity. The United States invested US$ 14.2 billion in aerospace and defence R&D in 2016, up from US$ 14.2 billion in 2015. Similarly, the US spent US$ 39.7 billion on R&D in the automotive sector in 2016, up from US$ 35.8 billion in 2015.

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Some of the major key players in the Digital Manufacturing Market are Autodesk, Bentley Systems, CAD Schroer, Dassault Systèmes, Mentor Graphics, Open Factory 3D, PTC

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