DM Market in Automotive Industry 2016-2020

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

• Americas
• APAC
• EMEA

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?