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Digital Lean Manufacturing Market worth $2,235.76 billion by 2030, growing at a CAGR of 12.33% - Exclusive Report by 360iResearch
Digital Lean Manufacturing Market | 360iResearch
The Global Digital Lean Manufacturing Market to grow from USD 990.65 billion in 2023 to USD 2,235.76 billion by 2030, at a CAGR of 12.33%.
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Digital lean manufacturing can be aptly defined as the confluence of lean production principles and advanced digital technologies. It is an innovative approach to optimizing manufacturing processes and enhancing value creation by reducing wastage, improving quality, and increasing efficiency. The rising implementation of lean manufacturing to reduce overproduction and the increasing need for greater operational efficiency are the driving factors in the market. Moreover, the rapid integration of Industry 4.0 technologies in manufacturing plants to transform lean processes also fuels market growth. High initial costs of deploying digital technologies, the need for skilled personnel, and the complexity associated with integrating new systems into existing workflows offer challenges in adopting digital lean principles. The ongoing development of IoT (Internet of Things), AI (Artificial Intelligence), and big data analytics provides manufacturers with advanced tools to effectively implement a digital lean methodology. The emergence of green manufacturing practices is expected to create growth opportunities in the market.
The United States is a significant contributor, owing to the presence of many manufacturing facilities and early adoption of Industry 4.0 technologies. There is a strong emphasis on adopting IoT, AI, and cloud computing in manufacturing processes. Additionally, the region shows a growing concern for sustainable manufacturing practices, further accelerating the deployment of digital lean systems. In EMEA, the demand for digital lean manufacturing is influenced by stringent regulatory standards and a focus on quality and precision, especially in German and Scandinavian manufacturing sectors. Europe leads in adopting advanced technologies, such as digital twins and real-time data analytics, to optimize production lines. While still developing in this field, the Middle East shows promise with its burgeoning manufacturing sectors and smart city initiatives. The APAC region witnesses the fastest growth in digital lean manufacturing demand, with China and India being the primary drivers due to their massive manufacturing bases. Pursuing higher productivity and lower production costs to stay competitive in global markets is a significant factor.
Market Segmentation & Coverage:
This research report categorizes the Digital Lean Manufacturing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware, Services, and Software. The Hardware is projected to witness significant market share during forecast period.
Based on Solution, market is studied across Change Management, Consistency in Process, and Technology Enablement. The Technology Enablement is projected to witness significant market share during forecast period.
Based on Technology Enablement, market is studied across 3D Printing, Discrete Control Systems, Enterprise Resource Planning, Human Machine Interface, Machine Execution Systems, Machine Vision, Plant Asset Management, Product Lifecycle Management, Programmable Logic Controller, and SCADA. The 3D Printing is projected to witness significant market share during forecast period.
Based on Application, market is studied across Aerospace & Defense, Automotive & Transportation, Hi-tech Electronics, Industrial Machinery, and Utilities & Processes. The Industrial Machinery is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.34% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Digital Lean Manufacturing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Digital Lean Manufacturing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Digital Lean Manufacturing Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Amphenol Corporation, Autodesk, Inc., Caterpillar Inc., Dassault Systèmes S.E., Deere & Company, Emerson Electric Co., Ford Motor Company, General Electric Company, Hitachi, Ltd., Honeywell International Inc., Infowise Solutions Ltd., InSource Solutions, Leansuite.com Corp., Mevisio AB, Omron Corporation, Oracle Corporation, Parker-Hannifin Corporation, Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, SMART LEAN SOLUTIONS S.L., Snowflake Inc., Stratasys Ltd., Textron Inc., Toyota Industries Corporation, Tulip Interfaces, Inc., and WITTI Technology Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Digital Lean Manufacturing Market, by Component
7. Digital Lean Manufacturing Market, by Solution
8. Digital Lean Manufacturing Market, by Technology Enablement
9. Digital Lean Manufacturing Market, by Application
10. Americas Digital Lean Manufacturing Market
11. Asia-Pacific Digital Lean Manufacturing Market
12. Europe, Middle East & Africa Digital Lean Manufacturing Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Digital Lean Manufacturing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Digital Lean Manufacturing Market?
3. What is the competitive strategic window for opportunities in the Digital Lean Manufacturing Market?
4. What are the technology trends and regulatory frameworks in the Digital Lean Manufacturing Market?
5. What is the market share of the leading vendors in the Digital Lean Manufacturing Market?
6. What modes and strategic moves are considered suitable for entering the Digital Lean Manufacturing Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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