Digital Manufacturing Market Worth $1,370.3 Billion by 2030

Digital manufacturing aims at connecting construction and manufacturing sites with technologies and solutions such as machine learning and robotics to obtain maximum productivities. Manufacturing technologies consist of sensors, RFID tags, augmented reality, and virtual reality, which assist in recognizing potential risks in manufacturing industries as well as deliver enhanced productivities, efficient project management, and optimized use of resources.

The digital manufacturing market size was valued at $0.27 trillion in 2020, and is projected to reach $1.30 trillion by 2030, registering a CAGR of 16.5% from 2021 to 2030.

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Fleet management is largely adopted in manufacturing industries, owing to features such as development in sensor technologies in the industry. Conservation of resources through eliminating equipment downtime, reducing fuel wastage, real-time equipment, and health monitoring boosts demand for fleet management technologies in the manufacturing industry. Further, technological developments in software & solutions allow manufacturing companies to obtain proper risk management; which reduces expenditure.

Key Market Players

• Dassault Systemes
• Tata Consultancy Services
• Siemens AG
• Autodesk Inc
• Hexagon AB
• Parametric Technology Corporation Inc
• SAP SE
• ARAS Corporation
• Cogiscan Inc
• Bestplant

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Key Market Segments

By Component

• Hardware
  • RFID Tags
  • Sensor
  • Intelligent System
  • Others
• Software 
  • Data and Operation Management Software
  • Safety and Security Systems
  • Connectivity solutions
  • Analytics Solutions
  • Remote Management & logistic solutions
  • Asset Management Solutions
• Services
  • Support and maintenance
  • System Integration
  • Consulting Services

By Technology

• Robotics
• 3D Printing
• Internet of Things (IoT)
• Others    

By Application

• Automotive and Transportation
• Aerospace and Defense
• Consumer Electronics
• Industrial Machinery
• Others

By Region

• North America
• Europe
• Asia-Pacific
• LAMEA

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