Los Angeles, CA -- (SBWIRE) -- 09/16/2019 -- Traditionally, product planning preceded process planning. This method can potentially lead to incompatibility between product and production processes, resulting in loss of time and capital. Digital manufacturing (DM) enables simultaneous product as well as process planning, thereby reducing the time taken for chalking out designs.
DM is an inevitable part of the industrial machinery industry. DM helps simulate a virtual environment and creates prototypes for the manufacturing set up. With the help of this simulation, designers can rectify issues related to design, manufacturing, and maintenance in early stages. Ergonomic analysis along with simulation for single parts and assemblies helps reduce the setup costs to a great extent, especially labor costs.
Market manufacturers are currently focusing on reducing the adoption cost of digital manufacturing through the implementation of cloud-based product lifecycle management (PLM) software. For instance, Wipro, a global information technology firm is providing cloud-based PLM services for Siemens PLM Software's solution called Teamcenter. These services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through Infrastructure as a Service (IaaS). Similar developments will propel the growth of this market during the forecast period.
The global DM in Industrial Machinery market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on DM in Industrial Machinery volume and value at global level, regional level and company level. From a global perspective, this report represents overall DM in Industrial Machinery market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The following manufacturers are covered:
Open Factory 3D
Segment by Regions
Segment by Type
Segment by Application
Furnaces and burners
Agricultural machinery and implements
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