USD 451.61 Billion
Report ID:
SQMIG45B2182 |
Region:
Global |
Published Date: January, 2025
Pages:
198
|Tables:
122
|Figures:
72
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
To get more reports on the above market click here to Buy The Report
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.
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.
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.
To get detailed analysis on other segments, Request For Free Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Increasing Efficiency and Productivity in Manufacturing
Rapid Developments in Industrial Internet of Things and Connectivity
Growing Security Threats in Connected Devices
Growing Requirement for High Capital Investments
Request Free Customization of this report to help us to meet your business objectives.
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.
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 |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG45B2182
[email protected]
USA +1 351-333-4748