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Technavio’s market research analysts predict the global DM market in automotive industry to grow steadily during the forecast period and post a CAGR of more than 8% by 2020. This industry research report identifies the benefits associated with the adoption of DM to be one of the major factors that will have a positive impact on the growth of the DM market in the coming years. The adoption of DM will help automotive manufacturers smoothen the flow of product and plant information during different processes. Additionally, digital manufacturing also helps in the validation of robotics and automation programs and speed up the factory manufacturing process. Furthermore, the adoption of DM provides real-time access to product lifecycle data which eases the production process and also helps companies achieve high return of investment and develop products of superior quality.
The automotive industry is currently focusing on the production of intelligent vehicles that include completely digitized vehicles equipped with infotainment systems and major automotive manufacturers such as Tesla have started increasing their R&D investments towards the development of intelligent electric vehicles. This will increase complexities associated with the manufacturing processes and will demand the need for additional facilities such as testing simulations in driverless mode. As a result, vendors will start focusing on the development of digital manufacturing software with advanced features to aid in the development of intelligent cars.
Characterized by the presence of a large number of PLM software vendors, the DM market in the automotive industry appears to be fragmented. Since all vendors compete to gain significant revenue shares, the competitive environment is intense. To gain a competitive edge and enhance their customer base, vendors have started focusing on enhancing their market potential through different innovative strategies and M&A. One of the major manufacturers Autodesk, has a wide product portfolio and enhanced geographical presence and provides innovative and engaging design software and services.
The leading vendors in the market are -
The other prominent vendors in the market are Bentley Systems, CAD Schroer, and Open Factory 3D.
This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the predicted period. The presence of major automotive manufacturers such as Ford Motor, GM, and Fiat Chrysler in the US and the adoption of automation and robotics by various automotive manufacturers, will boost the demand for digital manufacturing and design in this region. Additionally, the presence of major automotive component manufacturers in Canada and the growth of the automotive industry in the South American countries such as Brazil and Argentina, will also propel the market’s growth prospects in this region in the coming years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: PLM overview
PART 06: DM market overview
PART 07: Role of DM in automotive manufacturing
PART 08: DM value creation
PART 09: Market landscape
PART 10: Geographical segmentation
PART 11: Buying criteria
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Impact of trends
PART 18: Five forces model
PART 19: Vendor landscape
PART 20: Appendix
PART 21: Explore Technavio
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