Digital Manufacturing Market by Deployment Model (Cloud-Based and On-Premises) and By End User Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Industrial Machinery, Consumer Packaged Goods, Utilities & Process, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Digital manufacturing is a process of improving the manufacturing process of the product from virtual to physical world. Increasing adoption of cloud-based PLM software is projected to increase the demand for digital manufacturing specific applications. This will enable the manufacturing plants to access the PLM software from remote areas as well. Technomatix and Manufacturing 360 are applications that are used in the iOS and Android gadgets respectively. Furthermore, increasing adoption of internet of things in manufacturing industries fuels market growth globally. According to Coherent Market Insights, over 42 billon devices are projected to be connected to the internet by 2020.  Moreover, the demand to reduce capital expenditure, shorten lead times, and high productivity is expected to increase the demand for digital manufacturing in various verticals.  

Digital Manufacturing Market Taxonomy

On the basis of deployment model, the global Digital Manufacturing market is segmented into:

  • Cloud-based model
  • On-premises model

Increasing adoption of cloud-based digital manufacturing software is one of the key factor driving market growth. Venders are concentrating on reducing the cost of Product Lifecycle Management (PLM), thereby trying to introduce cloud-based product lifecycle solutions in the market. Several PLM service providers are installing PLM on the cloud for end users. For instance, Wipro Limited, a worldwide information technology, outsourcing, and consulting firm, is offering cloud-based PLM services to Siemens PLM Software solution, Teamcenter. Such services help electronics manufacturing organizations to install Teamcenter on the cloud with the help of Infrastructure as a Service.

On the basis of end-use industry, the global Digital Manufacturing market is segmented into:

  • Automotive
  • Aerospace & Defense
  • Electrical and electronics
  • Industrial machinery
  • Consumer packaged goods
  • Utilities & Process
  • Others

The increasing sales and R&D investment in automotive industry globally provide significant growth opportunity to the global digital manufacturing market. According to “Organisation Internationale des Constructeurs d'Automobiles”, in 2016, around 98.8 million units of vehicles were sold worldwide up from 89.7 million in 2015. Moreover, according to Coherent Market Insights analysis, US$ 94.2 billion was spent on automotive R&D in 2016 up from US$ 91.5 billion in 2015. The implementation of digital manufacturing in the automotive production process smoothens the flow of plant and product data during various process. Furthermore, digital manufacturing authenticates automation and robotics programs and accelerates the factory manufacturing process. Also, the implementation of digital manufacturing provides real-time access to the product lifecycle information to the administration.

Digital Manufacturing Market Outlook – North America holds the largest market share

On the basis of geography, global digital manufacturing market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the global digital manufacturing market in 2016 and is projected to retain its dominance throughout the forecast period. The U.S., Mexico, and Canada are the three major economies, which contribute to the swift growth of market in the region. The increasing R&D investment in the aerospace & defense and automotive sectors in the U.S provides immense growth opportunity to the digital manufacturing market. In 2016, the U.S invested US$ 14.3 billion in R&D in aerospace & defense industry up from US$ 14.1 billion in 2015. Similarly, for R&D in automotive sector, the U.S. spent US$ 39.6 billion in 2016 up from US$ 37.5 billion in 2015. Moreover, the Asia Pacific digital manufacturing market is projected to grow the highest CAGR over the forecast period. Increasing demand for innovative products among end users segments boosted the growth of market in this region. India, China, and Japan are some of the major economies driving the growth of digital manufacturing market in this region. 

Digital Manufacturing Market Players

Some of the key players operating in the global digital manufacturing market include Autodesk, Dassault Systèmes, Mentor Graphics, PTC, and Siemens PLM Software. The new product launch is one of the major strategies for the market leaders to increase their market presence. For instance: Autodesk Inc. an America based software company have officially announced that they have launched a Netfabb 2017, a comprehensive toolkit for additive manufacturing professionals  

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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