The digital revolution has made its presence felt in areas such as healthcare, finance, and manufacturing. A large amount of data and new computing techniques, artificial intelligence, automation, additive technologies, and HMI have changed the face of manufacturing. DM changes each and everything in the manufacturing process, be it supply chain, R&D, operations, sales, marketing, services, or factory operations. Digital connectivity has become indispensable for designers, managers, workers, and end-users.
The adoption of DM will help automotive manufacturers smoothen the flow of product and plant information during different processes. Additionally, digital manufacturing also helps in the validation of robotics and automation programs and speed up the factory manufacturing process. Furthermore, the adoption of DM provides real-time access to product lifecycle data which eases the production process and also helps companies achieve high return of investment and develop products of superior quality.
Characterized by the presence of a large number of PLM software manufacturers, the DM market in the automotive industry appears to be fragmented. Since all manufacturers compete to gain significant revenue shares, the competitive environment is intense. To gain a competitive edge and enhance their customer base, manufacturers have started focusing on enhancing their market potential through different innovative strategies and M&A. One of the major manufacturers Autodesk, has a wide product portfolio and enhanced geographical presence and provides innovative and engaging design software and services.
In 2018, the global DM in Automotive market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global DM in Automotive status, future forecast, growth opportunity, key market and key players. The study objectives are to present the DM in Automotive development in United States, Europe and China.
The key players covered in this study
Siemens PLM Software
Open Factory 3D
Market segment by Type, the product can be split into
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global DM in Automotive status, future forecast, growth opportunity, key market and key players.
To present the DM in Automotive development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of DM in Automotive are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.