Digital Manufacturing Market Analysis By Regional, Outlook, Competitive Landscape Strategies And Forecast 2028

Digital Manufacturing Market

Over the last decade, the digital manufacturing market has grown significantly, owing to the benefits of digital manufacturing and efficient safety management, increased efficiency and productivity, and labour shortages on manufacturing sites. However, increased security threats in connected devices are expected to limit Digital Manufacturing Market growth. Furthermore, the increased use of robotics in manufacturing, as well as resource and waste optimization in manufacturing sites through the use of IoT, big data, and other technologies, are expected to provide lucrative opportunities for the growth of the digital manufacturing market.

To achieve maximum productivity, digital manufacturing connects construction and manufacturing sites with technologies and solutions such as machine learning and robotics. Manufacturing technologies include sensors, RFID tags, augmented reality, and virtual reality, which aid in identifying potential risks in manufacturing industries while also delivering enhanced productivity, efficient project management, and resource optimization. The 5G network is extremely efficient at interacting with building platforms and analysing data collected on construction sites, such as employee health, multi-dimensional security monitoring, AI functions, and so on.

Fleet management is widely used in manufacturing industries due to factors such as advancements in sensor technologies. The demand for fleet management technologies in the Digital Manufacturing Market is increasing due to resource conservation such as eliminating equipment downtime, reducing fuel waste, real-time equipment, and health monitoring. Furthermore, technological advancements in software and solutions enable manufacturing companies to obtain proper risk management, lowering expenditure. Adopting the Internet of Things (IoT) in manufacturing, for example, ensures the sustainability, safety, and profitability of the automotive, defence, and other manufacturing industries.

Because of prolonged lockdowns in countries such as the United States, India, and China, the COVID-19 pandemic temporarily halted manufacturing facilities. Furthermore, the COVID-19 pandemic has halted construction activities in major countries such as the United States, China, Japan, India, and Germany due to prolonged lockdowns. This significantly hampered the growth of the Digital Manufacturing Market in 2020. Furthermore, the pandemic situation had a direct impact on the sales of digital manufacturing companies.