Digital manufacturing is a sub-segment of the product lifecycle management software. It improves the overall efficiency of the production by defining optimization of manufacturing process, managing data in product development cycle, and supporting effective collaboration within the organization. DM software provides and supports process planning, factory modeling, visualization and simulation of operations, human factor analysis, and collaborative communication. It helps manufacturing companies improve the efficiency of production by reducing production time and reduce the manufacturing expenses.
TechNavio's analysts forecast the DM market in Canada to grow at a CAGR of 7.10 percent over the period 2014-2019.
Covered in this report
The DM market in Canada can be segmented into seven end-user segments: aerospace and defense industry, automotive industry, electrical and electronics industry, industrial machinery industry, consumer process goods industry, utility industry, and others.
TechNavio's report, DM Market in Canada 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – DM Market in Canada 2015-2019
Technavio recognizes the following companies as the key players in DM Market in Canada 2015-2019: Autodesk Inc, Dassault Systèmes, Mentor Graphics Corp, PTC, SAP SE and Siemens PLM Software Inc.
Other Prominent Vendors in the market are: Cogiscan, SIMUL8, Tata Technologies, Taylor Scheduling Software, TCS and Visual Components
Commenting on the report, an analyst from Technavio’s team said: “The emergence of DDM is expected to contribute significantly to the growth of the market. It takes less time to develop a digital model using DDM than by using conventional manufacturing methods. A conventional method consists of various stages of production such as molding, casting, and machining, but these are not required in DDM because it uses the additive fabrication process.”
According to the report, DM provides 100% traceability of product-related events, which has led to its increased adoption across industries in Canada. DM collects all data on the manufacturing process and compares them with the production plans. It warns the management if inconsistency arises in the process. This leads to a reduction in design changes and increases cost savings.
Further, the report states that the negative growth rate in industries such as automotive, electrical and electronics, and industrial machinery has hampered the growth of the DM market in Canada.
Autodesk Inc, Dassault Systèmes, Mentor Graphics Corp, PTC, SAP SE, Siemens PLM Software Inc., Cogiscan, SIMUL8, Tata Technologies, Taylor Scheduling Software, TCS, Visual Components
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