This industry research report outlines the market overview of the global digital manufacturing (DM) in the automotive sector with year-on-year forecast until 2019. The research report presents the trending factors influencing market shares for Americas, EMEA, and APAC. The leading vendors in the market include Siemens, PTC, and Dassault
Technavio’s market research analysts estimate the global DM market in the automotive industry to grow at a CAGR of around 8% between 2015 and 2019. Growing requirements for efficient engines and demand for enhanced safety features in vehicles is boosting the growth of this market. The Americas lead the global DM market in the automotive industry, covering around 40% of the total market share. Automation and robotization of automobile manufacturing plants in the US is propelling the market’s growth in the Americas.
The new market research report from Technavio provides a breakdown and analysis of the DM segments by technology.
“To minimise the installation cost of PLM, the market vendors are increasingly adopting the cloud-based PLM software. The PLM service providers are implementing PLM on the cloud for end-users. For instance, Wipro is offering cloud-based PLM services for Siemens PLM Software’s solution, Teamcenter. Besides, vendors are also integrating PLM software with enterprise and MES software for improved output efficiency,” says Navin Rajendra, Lead Analyst, IT Services, Technavio Research.
DM is an inevitable part of the manufacturing process as it acts as a common link between the facility, production and product. It integrates all these three sections in the manufacturing process. DM gathers all data regarding the manufacturing process and alerts the management in case of any inconsistency. It reduce the defects of the products ensuring their accuracy.
The major players in the global DM market in the automotive industry include Siemens, PTC, and Dassault. The market is fragmented with the presence of a large number of PLM software vendors. Seberal vendors have started to enhance their market potential through various innovative strategies and mergers and acquisitions.
A more detailed analysis is available in the Technavio report, Global DM Market in the Automotive Industry: Research Report 2015-2019.
We can customize reports by other regions and specific segments upon request.
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