Digital Manufacturing Market Share:

Integrated, computer-based systems are used in digital manufacturing to execute production operations. It includes applying analytics, 3D modeling, simulation, and other technologies to enhance manufacturing processes and product design. This method enables producers to virtually test and optimize processes before actual production, which leads to better efficiency, lower costs, and improved product quality. Artificial intelligence (AI), sophisticated robotics, cloud computing, the Industrial Internet of Things (IIoT), and additive manufacturing (3D printing) are examples of digital manufacturing technologies that help create manufacturing ecosystems that are more responsive, adaptable, and agile.

According to Straits Research, The global digital manufacturing market size was valued at USD 387.65 billion in 2022 and is anticipated to reach USD 456 billion in 2023. It is expected to reach USD 1,670.45 billion by 2031, growing at a CAGR of 16.5% during the forecast period (2023–2031). The market for digital manufacturing is propelled by the desire for lower production costs and more operational efficiency, as well as the expanding use of cutting-edge technologies like robotics, artificial intelligence, and the Internet of Things to boost manufacturing processes' creativity and productivity.

The following fascinating trends are fueling the market's growth in digital manufacturing:

1. Accepting Industry 4.0: This approach involves incorporating cutting-edge technology into production processes, such as cloud computing, IoT, and AI. It makes it possible to analyze data in real-time, optimize processes, and make better decisions.
2. The Potential of AI and Machine Learning: AI can forecast maintenance requirements, streamline workflows, and analyze enormous volumes of data. This results in increased overall efficiency, decreased downtime, and improved quality control.
3. Leads the Way: 3D printing is the main attraction, offering simplified designs, quicker prototyping, and less waste. It's especially appealing for specialty applications and bespoke goods.
4. The rise of the Industrial Internet of Things (IoT) and remote monitoring: Production lines and machinery can be monitored remotely thanks to the IoT. Better resource allocation, increased output, and cost reductions result from this.
5. VR and AR to Improve Workflows: In the manufacturing industry, augmented reality (AR) and virtual reality (VR) are causing waves. They enhance product design procedures, enable remote cooperation, and offer immersive training experiences.

Competitive Landscape

1. Dassault Systems
2. Siemens AG
3. Autodesk Inc
4. Tata Consultancy Services
5. Mentor Graphics Corporation
6. Parametric Technology Corporation Inc
7. SAP SE
8. ARAS Corporation
9. Cogiscan Inc
10. Best plant

Get Free Request Sample Report @ https://straitsresearch.com/report/digital-manufacturing-market/request-sample

Studies explore the effects of COVID-19 on the upstream, midstream, and downstream sectors of the industry. In addition, this analysis provides extensive market estimations by emphasizing data covering numerous factors that encompass market dynamics such as market drivers, market barriers, market opportunities, market risks, and industry news and trends.

This research also provides a dashboard view of prominent Organizations, highlighting their effective marketing tactics, market share, and most recent advances in both historical and current settings.

Global Digital Manufacturing Market: Segmentation

As a result of the Digital Manufacturing Market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

1. By Component
   1. Hardware
   2. Software
   3. Services
2. By Technology
   1. Robotics
   2. 3D Printing
   3. Internet of Things (IoT)
   4. Others
3. By Process Type
   1. Computer-Based Designing
   2. Computer-Based Simulation
   3. Computer 3D Visualization
   4. Analytics
   5. Others
4. By Application
   1. Automation & transportation
   2. Aerospace & Defense
   3. Consumer Electronics
   4. Industrial Machinery
   5. Others

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

• North America (U.S., Canada)
• Europe (U.K., Germany, France, Italy)
• Asia Pacific (China, India, Japan, Singapore, Malaysia)
• Latin America (Brazil, Mexico)
• Middle East & Africa

You may buy this document on Buy Digital Manufacturing Market Report

Tools and Insights:

• A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.
• But not limited to reports from corporations, international Organizations, and governments; market surveys; and relevant industry news.
• Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2030, using CAGRs (compound annual growth rates)
• Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.
• Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

• Global Digital Manufacturing Market consumption (value) by main areas and countries, product type (and application), and statistics from 2019 to 2020 will be examined till forecast 2030.
• Identify the different subsegments of the Digital Manufacturing Market to better comprehend its structure.
• Analysis of the value of the market, as well as the competitive landscape, Porter's five forces analysis, and SWOT analysis of the top Digital Manufacturing Market worldwide manufacturers are included in this report.
• We'll look at how well each of the Digital Manufacturing Market is doing and how much they contribute to market size.
• Sharing in-depth information regarding the market's development factors (growth potential, opportunities, drivers, industry-specific challenges and risks).
• According to main geographies, the consumption of Digital Manufacturing Market submarkets will be forecasted (along with their respective key countries).
• To keep up with market changes, such as new product launches, expansions, and acquisitions.
• To identify and assess the most important companies in the market, as well as their development plans.

About Us:

StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us:
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 6464807505, +44 203 318 2846