The research on Digital Manufacturing for Discrete Industries by Frost & Sullivan analyses the attractiveness, business benefits, and various technical as well as economic mega trends that are shifting the view of the manufacturing industry toward adopting digital manufacturing processes for their operations.
With the dawn of Industry 4.0 and smart factories, digital manufacturing technologies have experienced significant technological growth in the recent years. Digital Manufacturing has created a new wave of transformation for manufacturers over the past decade. A growing number of industrial companies are exploring the power of digital manufacturing to optimize their business performance. In a highly competitive market, industrial organizations are looking to leverage “digital intelligence” to manage a large number of assets in an enterprise to address the critical demands of manufacturers and meet their expectations. Digital Manufacturing assimilates Product Lifecycle Management and various other applications in a shop floor allowing efficient sharing of information, product or process related, between the equipment and the enterprise.
Digitalization is transforming the way manufacturers work. This helps manufacturers to make efficient business decisions, drive innovation and identify new business opportunities. Currently, a lot of market players are using digitized solutions and platforms for Product Lifecycle Management (PLM). This technology allows manufacturers to efficiently optimize their design, production, assembly, and supply chain operations. The hardware driven manufacturing sector is changing to a software and solutions-focused industry with the advent of digital manufacturing, addressing consumers’ evolving digital expectations and demands for new and innovative services.
A number of leading manufacturers such as Bosch, Siemens, and General Electric (GE) are early adopters of digital manufacturing. However, today, a number of other companies such as Foghorn Systems, Uptake, Bitstew Systems are leveraging the technology and making advancements in the industry vertical. Innovative evolutions and digitization are driving new and different applications in discrete industries.
The objective of this research service is to analyze the impact of digital manufacturing in discrete industries, exploring innovative applications and signifying potential growth strategies and competencies that market players should be focusing on during the forecast period. The digital manufacturing footprint is expected to grow rapidly during the forecast period due to emerging adoption of Industry 4.0.
This research service also aims at highlighting what the current market participants are doing in this space and how the evolution of digital manufacturing is likely to transform the manufacturing industry in the coming years. This study could be extremely helpful to current market participants and other emerging participants in the market, who are looking at understanding what their competitors are doing in the space. Geographically, this research analyses and forecasts the growth of digital manufacturing in the major regions classified as North America, Europe, Asia-Pacific, and Rest of the world. This study will also throw light on the major economic and technological drivers and their regional impact over the forecast period.
Catch the detailed report soon.