The global Digital Manufacturing Market is poised for substantial growth, anticipated to reach a valuation of over $709.2 billion by 2031, with a robust compound annual growth rate (CAGR) of 13.9% during the forecast period from 2021 to 2031. The market expansion is propelled by several key factors, including the emerging trend of digitalization across industries, significant research and development (R&D) efforts in production technologies, the development of technologically advanced and innovative digital manufacturing tools, the implementation of the Internet of Things (IoT) and robotics, and the increasing adoption of product lifecycle management (PLM) systems.

The widespread adoption of digital manufacturing practises has been made possible by the wave of digital transformation that is currently sweeping through all industries. Organisations are using digital technologies to streamline their production processes as they look to increase productivity, efficiency, and agility. Real-time monitoring, data analytics, automation, and networking are made possible by digitalization throughout the whole production lifecycle, which enhances operational efficiency and lowers costs. The way goods are planned, produced, and manufactured has been revolutionised by the merging of digital technologies with conventional production techniques.

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The market for digital manufacturing is expanding as a result of intensive research and development efforts. Manufacturing companies are spending a lot of money on research and development to investigate and create cutting-edge production technologies, such as additive manufacturing, augmented reality, simulation, and predictive analytics. These innovations expand the potential of digital manufacturing by enabling quick prototyping, customizability, and effective production methods. Improved product quality, shorter time to market, and greater manufacturing flexibility are all being made possible by the ongoing invention and development of digital manufacturing tools.

Additionally, the adoption of digital manufacturing solutions is being accelerated by the integration of the Internet of Things (IoT) and robotics in industrial activities. Real-time data is collected and transmitted by IoT devices and sensors, enabling remote monitoring, proactive maintenance, and wise decision-making. Robotics and automation technologies improve industrial productivity, precision, and speed, which helps to digitise the manufacturing industry as a whole. The use of product lifecycle management (PLM) systems also makes it possible for seamless data management, integration, and collaboration to occur across different phases of the product lifecycle, which further fuels the expansion of the digital manufacturing market.

Highlighted with 83 tables and 100 figures, this 177-page report “Global Digital Manufacturing Market 2021-2031 by Component (Hardware, Software, Services), Technology (IoT, Robotics, 3D Printing & AM, Others), Deployment (On-premises, Cloud-based), Process (Designing, Simulation, 3D Visualization, Analytics, Tooling and Processing), Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global digital manufacturing market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global digital manufacturing market in every aspect of the classification from perspectives of Component, Technology, Deployment, Process, Industry Vertical, and Region.

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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Hardware

o          Intelligent Systems

o          Sensors

o          RFID Tags

o          Cameras

o          Navigation Systems

o          Other Hardware

Software

o          Operation & Data Management Software

o          Connectivity Solutions

o          Remote Management & Logistic Solutions

o          Asset Management Solutions

o          Safety & Security Systems

o          Analytics Solutions

o          Other Software

Services

o          Support and Maintenance

o          Deployment and Integration

o          Consulting and Training

Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Internet of things (IoT)
Robotics
3D Printing and Additive Manufacturing
Other Technologies

By Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

On-premises Model
Cloud-based Model

By Process, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Computer-Based Designing
Computer-Based Simulation
Computer 3D Visualization
Digital Analytics
Tooling and Processing
Other Processes

By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Industrial Machinery
Automotive and Transportation
Consumer Electronics
Aerospace and Defense
Utilities and Processes
Other Industry Verticals

Geographically, the following regions together with the listed national/local markets are fully investigated:

North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE, Saudi Arabia, South Africa, Other Nations)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Component, Technology, and Industry Vertical, over the forecast years are also included.

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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

ARAS Corporation
Autodesk Inc
Bestplant
CAD Schroer GmbH
Cogiscan Inc
Dassault Systems
Mentor Graphics Corporation
Parametric Technology Corporation Inc
SAP SE
Siemens AG
Tata Consultancy Services

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