Press release
Digital Manufacturing Market Size, Share, Growth and Future Trends 2023-2028
The global digital manufacturing market size reached US$ 424.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,134.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.73% during 2023-2028.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/digital-manufacturing-market/requestsample
Digital Manufacturing Market Trends:
Increasing digitization and automation across industries represents one of the key factors contributing to the market growth. In line with this, digital manufacturing techniques enable cost savings by streamlining processes, reducing material waste, and optimizing production. Moreover, automation and real-time monitoring improve operational efficiency, thus reducing production time and improving overall productivity. This is contributing to the market growth significantly.
Coupled with this, digital manufacturing allows for mass customization, thus enabling companies to cater to individual customer preferences and needs, which is acting as a major growth-inducing factor. The flexibility provided by digital manufacturing enables quick adjustments to production processes, allowing for rapid response to market demands and digital technologies facilitate precise and accurate production, thereby leading to improved product quality and reduced defects. This is propelling the market toward growth.
Key Market Segmentation:
The report has segmented the global digital manufacturing market based on component, process type, application and region.
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
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape With Key Players:
The competitive landscape of the digital manufacturing market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Autodesk Inc.
• Bentley Systems
• Incorporated CAD Schroer GmbH
• Dassault Systemes S.A.
• Mentor Graphics Corporation
• Siemens Aktiengesellschaft
• PTC Inc.
Speak to an Analyst: https://www.imarcgroup.com/request?type=report&id=2048&flag=C
Digital manufacturing refers to the use of digital technologies to optimize and enhance the entire manufacturing process, including design, prototyping, production, and distribution. It encompasses a range of technologies, such as computer-aided design (CAD), computer-aided manufacturing (CAM), additive manufacturing (3D printing), robotics, and the Internet of Things (IoT). Digital manufacturing aims to improve efficiency, reduce costs, and increase flexibility and customization in the manufacturing industry.
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group
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Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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