Global outlook of the DM market in automotive industry
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.
Competitive landscape and key vendors
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 -
- Autodesk
- Dassault Systèmes
- Siemens PLM Software
The other prominent vendors in the market are Bentley Systems, CAD Schroer, and Open Factory 3D.
Geographical segmentation and analysis of the DM market in automotive industry
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.
Key questions answered in the report include
- What will the DM market size and growth rate be in 2020?
- What are the key factors driving the global DM market in automotive industry?
- What are the key market trends impacting the growth of the global DM market in automotive industry?
- What are the challenges to market growth?
- Who are the key vendors in the global DM market in automotive industry?
- What are the market opportunities and threats faced by the vendors in the global DM market in automotive industry?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global DM market in automotive industry?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: PLM overview
- Role of PLM in product development process
PART 06: DM market overview
- DM
- DM initiatives worldwide
PART 07: Role of DM in automotive manufacturing
- Virtual simulation and real operations
- Virtual manufacturing and real-world manufacturing
- Virtual manufacturing
- Real-world manufacturing
PART 08: DM value creation
PART 09: Market landscape
- Body-in-white manufacturing
- Machining
- Ergonomics
- Planning and validation
PART 10: Geographical segmentation
PART 11: Buying criteria
PART 12: Market drivers
- Benefits associated with the adoption of DM
- Increased use of DM for improved traceability
- High importance of DM in manufacturing
PART 13: Impact of drivers
PART 14: Market challenges
- Low use of DM in SMEs
- High cost of implementation
PART 15: Impact of drivers and challenges
PART 16: Market trends
- Increasing use of DM in manufacturing intelligent cars
- Increased use of DM mobile applications
PART 17: Impact of trends
PART 18: Five forces model
PART 19: Vendor landscape
- Competitive scenario
- Autodesk
- Dassault Systèmes
- Siemens PLM Software
- Other prominent vendors
PART 20: Appendix
PART 21: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape