Digital Manufacturing Market Size, Share, and Growth Analysis

Digital Manufacturing Market By Component (Hardware, Services), By Technology (3D Printing, Internet of things (IoT)), By Process Type (Computer-Based Designing, Computer 3D Visualization), By Region -Industry Forecast 2025-2032


Report ID: SQMIG45B2182 | Region: Global | Published Date: January, 2025
Pages: 198 |Tables: 122 |Figures: 72

Format - word format excel data power point presentation

Digital Manufacturing Market Insights

Global Digital Manufacturing Market size was valued at USD 451.61 Billion in 2023 and is poised to grow from USD 526.13 Billion in 2024 to USD 1785.25 Billion by 2032, growing at a CAGR of 16.50% in the forecast period (2025-2032).

The necessity of digital manufacturing is increasing because of its potential to improve efficiency, minimize production expenses, and increase the flexibility of production procedures. The demand for digital manufacturing is particularly increasing in industries like automotive, aerospace, and electronics due to its flexibility. Furthermore, digital manufacturing consists of applications such as 3D printing, robotics, IoT-enabled smart factories, and digital twin technologies. These applications help in smoothening operations through real-time data analytics and advanced automation.

Digital manufacturing (DM) also serves as an extremely vital component in manufacturing, connecting design, production, and supply chain management as it improves the workflow and increases efficiency. Furthermore, there are many advantages of adopting DM brings such as minimized production expenses, enhanced product quality, improved flexibility, and fast time-to-market. By utilizing digital manufacturing companies can gain a competitive edge, meet changing customer demands, and boost innovation in their industries.

Market snapshot - (2025-2032)

Global Market Size

USD 451.61 Billion

Largest Segment

Hardware

Fastest Growth

Services

Growth Rate

16.50% CAGR

Global Digital Manufacturing Market ($ Bn)
Country Share for North America Region (%)

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Digital Manufacturing Market Segments Analysis

The global digital manufacturing market is segmented into component, technology, process type, application, and region. Based on components, the market is segmented into hardware, software, and services. Based on technology, the market is segmented into robotics, 3D printing, internet of things (IoT), and others. Based on application, the market is segmented into automation & transportation, aerospace & defense, consumer electronics, industrial machinery, and others. Based on process type, the market is segmented into computer-based designing, computer-based simulation, computer 3D visualization, analytics, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Analysis by Component

Based on component, the hardware segment is dominating the market with the largest digital manufacturing market share. The general structure of digital technologies for hardware devices consists of collectors, sensors, RFID, and augmented reality. Sensors can be utilized for designing construction designs using the software. They can also be incorporated into almost every manufacturing site activity for managing and accessing real-time data. For instance, AOMS Technologies, based in the US, provides LumiCon concrete sensors. This sensor offers real-time information about concrete maturity, temperature, and strength without destructive testing of the member. These types of products increase the demand for hardware technologies in the digital manufacturing market.

The service segment is expected to grow at a significant CAGR during the forecast period. Incorporation of engineering services like retrofitting, scheduled maintenance, and personnel training maintain efficiencies and productivity of equipment. This helps in efficiently reducing downtime or accidental expenses. Furthermore, more understanding of these advantages helps in improving maintenance and support services. Moreover, prominent players like Trimble Inc and Oracle Corporation provide platform-as-a-service for the manufacturing industry. For instance, in March 2020, Trimble announced the introduction of the Trimble platform-as-a-service. These products provide contractors with the potential to purchase civil construction hardware and software solutions.

Analysis by Technology

Based on technology, the internet of things (IoT) segment is dominating the digital manufacturing market. The introduction of IoT technology in the industrial sector is immensely improving the efficiency of safety management on manufacturing sites. Due to weariness, working in hazardous regions, and falling materials, the workforce are frequently at risk for accidents on construction sites. Moreover, increased productivity and proper resource management are also boosting the growth of IoT in the construction market. The utilization of sensors, radio-frequency identification (RFID) tags, and others is helping in getting real-time data regarding inventory and on-site activities. This minimizes operational downtime and improves resource planning utilizing digital platforms like building information modeling (BIM).

As per digital manufacturing market analysis, the 3D printing segment is experiencing tremendous growth in recent years.  The growing demand for customized manufacturing products is increasing usage of 3D construction printing. 3D printers are utilized in manufacturing activities of complex structures accurately. The increasing infrastructural development in various regions is also contributing towards the growth of the segment in the market. Moreover, the 3D printing technology is also useful in decreasing time and waste during manufacturing products and minimizing expenses related to the manufacturing procedure. Furthermore, it is better than conventional technology that consists of high labor costs. In recent times, many manufacturing companies have increased the implementation of 3D printing technology, driving the market growth. 

Global Digital Manufacturing Market Analysis by Component

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Digital Manufacturing Market Regional Insights

North America is dominating with the largest digital manufacturing market share.  The region is a hub for technological innovation and industrial transformation, with a strong presence of key market players and a robust ecosystem fostering digitalization. The industries present in North America like automotive, aerospace, and technology, are extensively adopting digital manufacturing solutions. This helps them to improve efficiency, minimize expenses, and maintain competitiveness. Governments are also making efforts to support advanced manufacturing technologies, which are also contributing to the dominance of North America in the digital manufacturing market. Furthermore, the regional market is also growing rapidly with technical development. 3D printing and technical expertise is also helping in overcoming difficulties like poor finish for material handling, which is increasing its usage in the manufacturing industry in the US.

Over the course of the projected period, it is anticipated that the digital manufacturing market in Asia Pacific would expand with the highest growth rate. This region is witnessing the fastest growth because it has the largest manufacturing market globally. The growth of the manufacturing industry is primarily because of the increase in per capita income, growing urbanization, and the high adoption of technologies. Developing countries like Myanmar, Thailand, the Philippines, and Vietnam are extremely dedicated towards enhancing local infrastructure and manufacturers. Furthermore, urbanization is also boosting renovation and reconstruction projects, which is expected to increase the demolition industry. Therefore, the utilization of automation and robotics in the construction sector is propelling the growth of the Asia-Pacific market during the forecast period.

Global Digital Manufacturing Market By Geography
  • Largest
  • Fastest

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Digital Manufacturing Market Dynamics

Drivers

Increasing Efficiency and Productivity in Manufacturing

  • Technologies like IoT, robotics, and machine learning-based products connect manufacturing industries by utilizing sensors, CCTV cameras, and radio-frequency Identification (RFID) tags. These devices help in getting real-time data statistics about workers, inventory, and ongoing activities. RFID tags and wearable sensors on materials allow smooth workflows and enable equipment servicing, equipment usage monitoring, proactive material ordering, and preventive maintenance. Moreover, proper time management on manufacturing sites minimizes equipment downtime, saving time and expense caused because of delays.

Rapid Developments in Industrial Internet of Things and Connectivity

  • The digital manufacturing market is growing because of the rapid advancements in the Industrial Internet of Things (IIoT) and connectivity technologies. The incorporation of sensors, actuators, and smart devices in the manufacturing ecosystem allows real-time data collection and analysis. This connectivity helps in smooth communication between machines, enabling manufacturers to improve production processes, monitor equipment health, and enhance operational efficiency.

Restraints

Growing Security Threats in Connected Devices

  • Information technology systems and networks are primarily managed by third-party companies related to business activities. Processing and maintaining data that has been collected through robotics and IoT-connected devices are vulnerable to cyber-attacks, which may be targeted and coordinated. This reduces the confidentiality and integrity of data. Furthermore, such cyber-attacks create informational damage and reputational damage to consumers. This can also lead to penalties, government enforcement actions, and litigation with third parties. 

Growing Requirement for High Capital Investments

  • The necessity for a huge amount of investment is restraining market growth. The incorporation of technologies like AGVs, EMI, HMI, WMS, and PAM require huge capital. EMI allows real-time planning, control, and execution of operations, improving productivity and process efficiency. But this advantage comes with higher expenses. Therefore, the main disadvantage of EMI systems is the significant implementation expenses that are hindering market growth.

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Digital Manufacturing Market Competitive Landscape

The transformation in global digital manufacturing industry is categorized by its dynamic landscape where companies are extensively adopting advanced technologies for improving their operational efficiency and competitiveness. This market is boosted by the rising demand for automation, data analytics, and smart manufacturing solutions. This allows manufacturers to enhance production processes, minimize expenses, and improve product quality. As industries are dealing with difficulties like growing labor costs and the need for sustainable operations, digital transformation is evolving as a critical strategy for survival and growth. The prominent players in the market are not only innovating their product offerings but are also forming strategic partnerships and investing in research and development to stay ahead in the market.

Top Players in Digital Manufacturing Market

  • Aras Corp.
  • AVEVA Group Plc
  • Bentley Systems Inc.
  • Capgemini Service SAS
  • Cisco Systems Inc.
  • Dassault Systemes SE
  • DREAMZTECH SOLUTIONS INC.
  • Durr AG
  • Hewlett Packard Enterprise Co.
  • Intel Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • PTC Inc.
  • QAD Inc.
  • SAP SE

Recent Developments

  • In February 2023, Dixit Systems launched “Innovana3D,” a touching value creation SaaS based software for automating quote, order and sales processes with a good user experience for a manufacturing service provider.
  • In May 2022, they made an announcement about the newly added manufacturing solutions, especially addressing the manufacturer needs as he grows in the scale of the digital transformation efforts in production. The solutions are Manufacturing Connect, which quickly connects with any of the manufacturing assets pulling off an extensive book of over 250 machine protocols, and Manufacturing Data Engine, which is a data engine that aims to contextualize and store factory data.
  • In May 2022, Qualcomm commenced the advanced development of smarter and safer Autonomous Robots with the Integration of next Gen 5G And Ai Robotics solutions for Industry 4.0, Logistics and Urban Aerial Mobility. Newly advanced development will lead to far more intelligent, productive and advanced connected robots and intelligent machines for better enhancement of business operations, innovations and for boost of manufacturing productivity.

Digital Manufacturing Key Market Trends

Digital Manufacturing Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global digital manufacturing industry highlights a huge move towards automation, data analytics, and incorporation of artificial intelligence. As manufacturers are trying to improve operations, companies are increasingly adopting IoT technologies to enhance connectivity and efficiency across their production lines. Many companies are also engaging in partnerships and collaborations, with tech firms joining forces with conventional manufacturers for using advanced solutions, leading to growth of digitalization. Furthermore, regulatory structures are also evolving and encouraging the utilization of sustainable practices in manufacturing procedures. With the progression of industries, the focus is on improving productivity and minimizing time-to-market while continually innovating

Report Metric Details
Market size value in 2023 USD 451.61 Billion
Market size value in 2032 USD 1785.25 Billion
Growth Rate 16.50%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Hardware, Software, and Services
  • Technology
    • Robotics, 3D Printing, Internet of things (IoT), and Others
  • Process Type
    • Computer-Based Designing, Computer-Based Simulation, Computer 3D Visualization, Analytics, and Others
  • Application
    • Automation & transportation, Aerospace & defense, Consumer Electronics, Industrial Machinery, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Aras Corp.
  • AVEVA Group Plc
  • Bentley Systems Inc.
  • Capgemini Service SAS
  • Cisco Systems Inc.
  • Dassault Systemes SE
  • DREAMZTECH SOLUTIONS INC.
  • Durr AG
  • Hewlett Packard Enterprise Co.
  • Intel Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • PTC Inc.
  • QAD Inc.
  • SAP SE
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Digital Manufacturing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Digital Manufacturing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Digital Manufacturing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digital Manufacturing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digital Manufacturing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Digital Manufacturing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Digital Manufacturing Market size was valued at USD 451.61 Billion in 2023 and is poised to grow from USD 526.13 Billion in 2024 to USD 1785.25 Billion by 2032, growing at a CAGR of 16.50% in the forecast period (2025-2032).

The transformation in global digital manufacturing industry is categorized by its dynamic landscape where companies are extensively adopting advanced technologies for improving their operational efficiency and competitiveness. This market is boosted by the rising demand for automation, data analytics, and smart manufacturing solutions. This allows manufacturers to enhance production processes, minimize expenses, and improve product quality. As industries are dealing with difficulties like growing labor costs and the need for sustainable operations, digital transformation is evolving as a critical strategy for survival and growth. The prominent players in the market are not only innovating their product offerings but are also forming strategic partnerships and investing in research and development to stay ahead in the market. 'Aras Corp.', 'AVEVA Group Plc', 'Bentley Systems Inc.', 'Capgemini Service SAS', 'Cisco Systems Inc.', 'Dassault Systemes SE', 'DREAMZTECH SOLUTIONS INC.', 'Durr AG', 'Hewlett Packard Enterprise Co.', 'Intel Corp.', 'Microsoft Corp.', 'Oracle Corp.', 'PTC Inc.', 'QAD Inc.', 'SAP SE'

Technologies like IoT, robotics, and machine learning-based products connect manufacturing industries by utilizing sensors, CCTV cameras, and radio-frequency Identification (RFID) tags. These devices help in getting real-time data statistics about workers, inventory, and ongoing activities. RFID tags and wearable sensors on materials allow smooth workflows and enable equipment servicing, equipment usage monitoring, proactive material ordering, and preventive maintenance. Moreover, proper time management on manufacturing sites minimizes equipment downtime, saving time and expense caused because of delays.

Growing Awareness in Developing Countries: Most of the companies in the developing countries like India, Brazil, and Russia are emphasizing on adopting new technologies like IoT, robots, and BIM. These advanced technologies are helping them assess knowledge about digital manufacturing industries. The adoption of digital technologies in manufacturing activities due to features like limited repetitive work and human error is also increasing rapidly. New technologies like 3D scanning, building information modeling, augmented reality, and drones utilized in construction activities are fueling the growth of the market.

North America is dominating with the largest digital manufacturing market share.  The region is a hub for technological innovation and industrial transformation, with a strong presence of key market players and a robust ecosystem fostering digitalization. The industries present in North America like automotive, aerospace, and technology, are extensively adopting digital manufacturing solutions. This helps them to improve efficiency, minimize expenses, and maintain competitiveness. Governments are also making efforts to support advanced manufacturing technologies, which are also contributing to the dominance of North America in the digital manufacturing market. Furthermore, the regional market is also growing rapidly with technical development. 3D printing and technical expertise is also helping in overcoming difficulties like poor finish for material handling, which is increasing its usage in the manufacturing industry in the US.

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Digital Manufacturing Market

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