Digital Manufacturing Market forecast between 2021 and 2026

 Between 2015 and 2020, the worldwide digital manufacturing market grew at a moderate pace. The market is expected to increase at a CAGR of 7.3 percent between 2021 and 2026, according to IMARC Group. We're constantly watching and evaluating the direct and indirect effects of COVID-19 on various end-use industries, keeping in mind the pandemic's uncertainties. These insights are included in the report as a major market contributor. 


The process of generating things virtually in the form of digital prototypes using Computer-Aided Design (CAD) software is known as digital manufacturing. To streamline production processes, the software is frequently linked with 3D visualisation, simulation, analytics, and collaboration tools. Various factory-related operations, such as tooling, machining, assembly sequencing, and plant layout design, are also performed using digital manufacturing systems. They also link operators to smart machines, tools, and sensors, allowing them to collect production data, track inventories in real time, and conduct accurate testing. Owing to this, it finds extensive application across various industries, such as electronics, automotive, aerospace and defense.

Global Digital Manufacturing Market Trends and Drivers:

The market's growth is being fueled by the developing trend of digitization, as well as the increasing adoption of product lifecycle management (PLM) systems. The PLM is a cloud-based digital manufacturing solution that helps manage complicated product information, manufacturing workflows, product engineering, and collaborations while giving authorised users remote access.Furthermore, the growing automotive industry is contributing to the market's upbeat outlook. To expand design capabilities and embrace sustainable production practises, automotive manufacturers are implementing digital manufacturing technology into their assembly lines. Furthermore, the advancement of technologically superior and innovative digital manufacturing techniques has a significant boost to the market growth. These technologies include direct communication with shop-floor hardware as well as platforms that can manage data from both PLM and MEP systems. Other causes include the use of the Internet of Things (IoT) and robotics to detect problems early in the manufacturing process, as well as substantial R&D in the field of production technologies are projected to drive the market further. 

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