The global digital manufacturing market in the electrical and electronics industry was valued at USD 137 million in 2016 and is expected to surpass USD 198 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global DM market in the electrical and electronics industry, under its product lifecycle management portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Autodesk, Mentor Graphics, Siemens PLM Software, Dassault Systèmes, and PTC.
According to Ishmeet Kaur, a lead analyst for product lifecycle management research at Technavio, “There are several benefits associated with DM adoption that is driving growth in the market. One of the major benefits of adopting DM is that It helps to smoothen the flow of product and plant information during change processes without losing consistency in product designing.”
Besides this, the simulation features in DM helps in the validation of robotics and automation programs. It helps to accelerate the factory manufacturing process. DM makes the implementation of Six Sigma and other lean operation management easier.
Click here to request a free sample of this report
Availability of cloud-based services
Vendors are concentrating on reducing the adoption cost of PLM, leading to increased adoption of cloud-based PLM software. Many PLM service providers are employing PLM on the cloud for end-users. PLM services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through SaaS. It also helps end-users to reduce upfront costs for implementation and the total cost of ownership.
Evolution of DDM
Direct digital manufacturing (DDM) is a major trend in the DM market. DDM involves the use of additive fabrication processes, such as fused deposition modeling for manufacturing products quickly and accurately. In DDM, the input is 3D digital data that provide all the details and specifications of the product to be made. Short-term manufacturing and on-demand manufacturing could be easily done because DDM involves no tooling.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global DM Market in The Electrical and Electronics Industry 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Digital Manufacturing Market 2016-2020
- Global DM Market in Automotive Industry 2016-2020
- Global Dental CAD-CAM Market 2017-2021
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
