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Global DM In Electrical and Electronics Market 2017-2021

Global DM In Electrical and Electronics Market 2017-2021

About Digital Manufacturing

DM is one of the emerging PLM solutions in the world. The adoption of DM allows the engineers to create a virtual environment of the manufacturing process starting from product definition to manufacturing. It creates digital models of tools, assembly lines, work centers, plant layout, and resources. DM provides simulation, visualization, analytics, and collaboration to develop and manufacture products. DM smoothens the flow of product and plant information without hampering consistency in product designing during a change in processes.

Technavio’s analysts forecast the global digital manufacturing market in the electrical and electronics industry to grow at a CAGR of 7.61% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global digital manufacturing market in the electrical and electronics industry market for 2017-2021. To calculate the market size, the report considers only DM software for revenue generation. New software licenses revenue is realized from the fee earned by the vendors from providing DM software to the customers.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Digital Manufacturing Market in The Electrical and Electronics Industry 2017-2021, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Autodesk
  • Mentor Graphics
  • Siemens PLM Software
  • Dassault Systèmes
  • PTC
Other prominent vendors
  • CAD Schroer
  • Open Factory 3D
  • Bentley
Market driver
  • Growing use of DM for improved traceability
  • For a full, detailed list, view our report
Market challenge
  • Threat of pirated software
  • For a full, detailed list, view our report
Market trend
  • Availability of cloud-based services
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Digital Manufacturing Market in The Electrical and Electronics Industry 2017-2021

Technavio recognizes the following companies as the key players in the global digital manufacturing market in the electrical and electronics industry market: Autodesk, Mentor Graphics, Siemens PLM Software, Dassault Systèmes, and PTC.

Other Prominent Vendors in the market are: CAD Schroer, Open Factory 3D, and Bentley.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is availability of cloud-based services. Vendors are focusing on reducing the adoption cost of PLM, thereby leading to increased adoption of cloud-based PLM software. Many PLM service providers are implementing PLM on the cloud for end-users.”

According to the report, one of the major drivers for this market is growing use of DM for improved traceability. Warranty management is a major issue faced by many industries in various sectors. Though warranty enhances a customer trust and satisfaction in the product, certain aspects of warranty managements, such as product recall, have a negative effect on the consumer rather than a positive one. The amount of product recalls in a year plays the major role in determining the net profit of the company for that year.

Further, the report states that one of the major factors hindering the growth of this market is threat of pirated software. Piracy issues associated with DM software are a major challenge for vendors, leading to a decrease in their revenue. The sharing of a purchasing license of a single end-user with other end-users is also considered as software piracy. Trade groups; such as the Software Alliance, formerly known as BSA; represent a large number of software makers in the world. These groups have taken steps to initiate awareness about the risk of using pirated software.

Companies Mentioned

Autodesk, Mentor Graphics, Siemens PLM Software, Dassault Systèmes, PTC, CAD Schroer, Open Factory 3D, and Bentley.

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • PLM overview
    • Table PLM overview
    • Table Benefits of PLM
    • Role of PLM in product development process
      • Table Role of PLM in the product development process
      • Table PLM software used in the product development process
  • DM market overview
    • DM
    • DM initiatives worldwide
  • Role of DM in manufacturing
    • Virtual simulation and real operations
      • Table Design control stage
    • Virtual manufacturing and real world manufacturing
      • Table Virtual manufacturing and real world manufacturing
    • Virtual manufacturing
  • DM value creation
    • Table Phases of DM value creation
  • Market landscape
    • Market size and forecast
      • Table DM market in electrical and electronics industry 2016-2021 ($ million)
    • Role of DM in electrical and electronics industry
  • Geographic segmentation
    • Table DM market in electrical and electronics industry by geography 2016
    • Table DM market in electrical and electronics industry by geography 2016 and 2021 ($ millions)
    • Table DM in electrical and electronics industry in Americas 2016-2021 ($ millions)
    • Table DM in electrical and electronics industry in EMEA 2016-2021 ($ millions)
    • Table DM in electrical and electronics industry in EMEA 2016-2021 ($ millions)
  • Market drivers
    • Growing use of DM for improved traceability
    • DM as an inevitable link in manufacturing
      • Table DM as an inevitable link
    • Benefits associated with the adoption of DM
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Threat of pirated software
      • Table Software piracy rate in various countries 2015 (%)
    • Low adoption of DM among SMEs
    • High switching costs
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increased use of mobile DM applications
      • Table Mobile DM and their developers
    • Availability of cloud-based services
    • Evolution of DDM
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive scenario
    • Autodesk
      • Table Autodesk: Business/product segmentation 2015
      • Table Autodesk: Business/product segmentation by revenue 2014 and 2015 ($ million)
      • Table Autodesk: Geographical segmentation by revenue 2015
      • Table Recent developments: Autodesk
    • Mentor Graphics
      • Table Mentor Graphics: Business segmentation by revenue 2015
      • Table Mentor Graphics: Geographical segmentation by revenue 2015
      • Table Mentor Graphics in DM
      • Table Recent developments: Mentor Graphics
    • Siemens PLM Software
      • Table Siemens PLM Software: Recent developments
      • Table Expansion strategy: Siemens PLM
      • Table Expansion strategy of Siemens PLM in terms of end-users
    • Dassault Systèmes
      • Table Strategies of Dassault Systèmes
      • Table Revenue generated by Dassault Systèmes 2013-2015 ($ billions)
      • Table Dassault Systèmes: Recent developments
      • Table Dassault Systèmes in DM
    • PTC
      • Table Acquisition strategy of PTC
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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