Top 5 vendors in the global digital manufacturing market

Cleveland, Ohio – This market research report analyzes the key players in the Global Digital Manufacturing (DM) market such as Autodesk, Dassault Systèmes, Mentor Graphics, PTC, and Siemens PLM Software. The report also presents a competitive analysis of the market based on geographical regions such as the Americas, APAC, and EMEA.

Global outlook of the digital manufacturing (DM) market
Technavio’s market research analysts have predicted that the global DM market will grow steadily at a CAGR of more than 7% by 2020. Though warranty management provides customer satisfaction and boosts customer confidence over the product, aspects such as product recall will have a negative impact about the company on the consumer. Since the amount of product recalls in a year plays a major role in determining the net profit of the company, manufacturers have started adopting traceability, where the systems or products are verified with the help of well-documented historic data for the reduction or elimination of product recalls. DM collects all the data regarding the manufacturing process and compares it with the production plans and alerts the management in case of any inconsistency. Additionally, the manufacturing software also provides detailed data regarding the list of operations performed by a particular part and the products manufactured using those parts.

The estimated increase in the adoption of digital manufacturing technology will induce vendors to focus more on reducing the cost of PLM. This will lead to the increased adoption of cloud-based product lifecycle management (PLM) software in the coming years. Few PLM service providers have already started implementing PLM on cloud for end-users. For instance, Wipro provides cloud-based PLM services for Siemens PLM Software's solution, Teamcenter. This helps electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through infrastructure-as-a-service and also assists end-users in reducing or eliminating implementation costs.

Competitive landscape and key vendors
Characterized by the presence of a large number of PLM software vendors, the digital manufacturing market appears to be fragmented. Major vendors such as Autodesk, Dassault Systèmes, Mentor Graphics, PTC, and Siemens dominate the market. All vendors compete to gain a considerable share of the market, and they have started to focus on enhancing their market potential through various innovative strategies and M&As.

Top 5 key vendors
Autodesk
Autodesk was established in 1982 and is headquartered in San Rafael, California, US. It offers a wide range of software products for designers, engineers, and architects. Autodesk in DM provides a platform to efficiently design manufacturing layouts and allows for equipment placement scenarios. It is used by manufacturers and factory owners, machine and equipment builders, and engineering service providers.

Dassault Systèmes
Dassault Systèmes was established in 1981 and is headquartered in Cedex, France. It engages in the development of software applications on the 3DEXPERIENCE platform. Some of its subsidiaries include 3DVIA, Archivideo, and Simpoe. The company serves the aerospace and defense; consumer goods and retail; CPGs and retail; AEC; energy, process, and utilities; financial and business services; high-tech; industrial equipment; life sciences; marine and offshore; natural resources; and transportation and mobility industries.

Mentor Graphics
Mentor Graphics was established in 1981 and is headquartered in Wilsonville, Oregon, US. The company designs and produces EDA software and hardware solutions for electrical engineering and electronics. The company offers various solutions such as 3-D IC design and test, accelerating ARM-based design, aerospace and military, automotive, DO-254, fabless/foundry ecosystem solutions, and low-power solutions.

One of the key solutions offered by the company is FloTHERM. This solution performs thermal analysis, creates virtual models, and tests design modifications of the electronic equipment before the physical prototyping.

PTC
PTC was established in 1985 and is headquartered in Needham, Massachusetts, US. It develops technology solutions that include services and software. Its solutions allow consumers to optimize business functions, including supply chain, engineering manufacturing, and services.

The company has more than 1,300 service professionals and over 750 partners worldwide. It has operations in 30 countries, including the US, Mexico, Brazil, the UK, Ireland, Spain, France, Germany, India, Japan, China, and Australia. It serves over 28,000 customers globally.

Siemens PLM Software
Siemens PLM Software was incorporated in 1997 and is headquartered in Plano, Texas, US. It engages in the designing, developing, and marketing of PLM software solutions. The company operates as a subsidiary of Siemens and was formerly known as UGS PLM Software.

Geographical segmentation and analysis of the DM market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geography, the Americas accounted for almost 45% of the total share of the market and dominated the industry during 2015. The growth of the market in this region is mainly contributed by the three major countries such as the US, Canada, and Mexico. The significant growth of the aerospace and defense, automotive, and electrical and electronics industrial sectors in Mexico and the growth in the adoption of DM across companies in the automotive and aerospace and defense sectors in Canada will aid in the growth in demand for digital manufacturing solutions in this region.

Growth drivers, challenges, and upcoming
trends: DM-specific mobile applications
he increased adoption of digital manufacturing technology and the introduction of cloud-based PLM software will lead to the introduction DM-specific mobile applications. This will enable authorities at the manufacturing plants to access the PLM software from remote locations. Manufacturing 360 and Technomatix 360 are mobile applications that are already available in the market for iOS and Android devices respectively.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the DM market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global DM market?
• What are the key market trends impacting the growth of the global DM market?
• What are the challenges to market growth?
• Who are the key vendors in the global DM market?
• What are the market opportunities and threats faced by the vendors in the global DM market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global DM market?

Source: Technavio