Global Digital Manufacturing Market in Discrete Industries 2019-2022 - Dassault Systemes, Siemens PLM, Autodesk, and PTC Dominate the Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 24, 2019--
The “Global Digital Manufacturing Market in Discrete Industries, Forecast to 2022” report has been added to ResearchAndMarkets.com’s offering.
The global digital manufacturing market for discrete industries achieved a moderate growth of 7.48% in 2017. It is expected to grow at a CAGR of 8.04%, owing to the rapid pace of technological advancements.
In today’s competitive environment, companies are striving to use cutting-edge technology to stay ahead of the competition. Digital manufacturing is a subset of Product Lifecycle Management (PLM) and is an integrated approach to use computer technology for simulation, 3D visualization, and analytics to support manufacturing processes and improve the overall product efficiency.
Digital manufacturing processes, coupled with digital manufacturing simulation, support process planning, streamlined simulation of operations, and collaborative communication. Digital manufacturing allows manufacturers to effectively plan production, thereby, decreasing production cost in a streamlined fashion.
The concept of PLM has been widely accepted by manufacturers and is considered to be an important approach to product strategy. The proliferation of technologies and their applications within the shop floor processes have created a lot of excitement among the small- and medium-sized manufacturers.
The market is very competitive and in order to remain competitive, end users demand advanced manufacturing processes to minimize errors and improve product quality and lifecycle. The research aims to identify the various drivers and restraints impacting the digital manufacturing market for discrete industries. The study also provides information on key end users like automotive and transportation, aerospace and defence, heavy machinery, and hi-tech electronics and discusses opportunities for digital manufacturing in these industries. Growth opportunities and actions to capitalise on them have also been included in the study.
Companies such as Dassault Systemes, Siemens PLM, Autodesk, and PTC dominate the digital manufacturing market in discrete industries. Their strong position in the market is attributed to diverse product portfolios, robust distribution networks, and diverse application coverage. Digital manufacturing applications are likely to increase during the forecast period, owing to companies looking for opportunities to increase profitability by decreasing lead times and improving production efficiency.
Key Issues Addressed
Key Topics Covered:
1. Key Findings
2. Market Overview
3. Drivers and Restraints - Total Digital Manufacturing Market in Discrete Industries
4. Forecasts and Trends - Total Digital Manufacturing Market in Discrete Industries
5. Market Share and Competitive Analysis - Total Digital Manufacturing Market in Discrete Industries
6. Growth Opportunities and Companies to Action
7. Automotive and Transportation End-user Segment Analysis
8. Aerospace and Defence End-user Segment Analysis
9. Industrial and Machinery End-user Segment Analysis
10. Hi-tech and Electronics End-user Segment Analysis
11. Others End-user Segment Analysis
12. Regional Analysis
For more information about this report visit https://www.researchandmarkets.com/r/c72tae
View source version on businesswire.com:https://www.businesswire.com/news/home/20190524005303/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:CAD, CAM and CAE Software
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/24/2019 12:57 PM/DISC: 05/24/2019 12:57 PM