Efficient safety management on manufacturing sites is a major driving factor for the implementation of IoT technologies in the manufacturing industry.
PORTLAND, OR, UNITED STATES, August 10, 2021 /EINPresswire.com/ — Digital manufacturing is an integrated approach to manufacture or construct products using a computer system. It uses computer aided design (CAD), computer aided modeling (CAM), Internet of Things (IoT), and Big data analytics concepts. Digital manufacturing has features such as maximized productivity, improved quality, reduced operating costs, and limited repetitive work.
“Digital manufacturing market by component, technology, application, and region: global opportunity analysis and industry forecast, 2021–2028,” 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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Top 10 Leading Players
Tata Consultancy Services
Parametric Technology Corporation Inc
Covid-19 Impact Analysis
COVID-19 pandemic halted manufacturing facilities for a short-term, owing to prolonged lockdowns applied in countries such as the U.S., India, and China. In addition, COVID-19 pandemic has shut-down construction activities, owing to prolonged lockdowns in major countries such as the U.S., China, Japan, India, and Germany. This hampered growth of the digital manufacturing market significantly in 2020. Further, this pandemic situation directly impacted sales of digital manufacturing companies. For instance, sales of Siemens AG dropped by 34.2% from January 2019 to January 2020.
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Key Market Segments
Data and Operation Management Software
Safety and Security Systems
Remote Management & logistic solutions
Asset Management Solutions
Support and maintenance
Internet of Things (IoT)
Automotive and Transportation
Aerospace and Defense
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