The global digital twin market is projected to reach $1,036.4 billion by 2033 from $10.3 billion in 2023, growing at a CAGR of 58.52% during the forecast period 2023-2033.
The Asia-Pacific industrial computed radiography market is estimated to reach $19.30 million by 2033 at a growth rate of 3.49% during the forecast period 2023-2033.
The global industrial computed radiography market is estimated to reach $68.8 million in 2033 from $59.1 million in 2022, at a growth rate of 1.49% during the forecast period 2023-2033.
The 3D printing software and services market was valued at $9,661.7 million in 2021 and is expected to reach $80,847.6 million by 2031, growing at a CAGR of 24.3% between 2022 and 2031.
The global simulation software market generated revenue of $9,601.8 million in 2020 and is expected to reach $20,276.7 million by 2025 at a CAGR of 15.3%.
Need reports on an on-going basis? Do consider our annual subscription
The global industrial magnetron market is expected to reach $553.4 million by 2026, with a CAGR of 3.60% during the forecast period 2021-2026.
The global digital twin market is projected to grow from $2.66 billion in 2020 to $29.57 billion by 2025, at a CAGR 61.94% from 2020 to 2025.
The smart factory and manufacturing market analysis by BIS Research projects the market to grow at a significant CAGR of 8.71%, on the basis of revenue, during the forecast period from 2020 to 2025.
The global IoT chip market generated $8.33 billion in 2018 and is expected to witness a CAGR of 15.18% during the forecast period from 2019 to 2029.
The global Industrial IoT market generated $72.34 billion in 2018 and is expected to witness a CAGR of 8.67% during the forecast period from 2019 to 2024.
The global IoT security market generated $16.55 billion in 2018 and is expected to witness a CAGR of 22.26%, during the forecast period from 2019 to 2024.
The global industrial automation software industry analysis conducted by BIS Research highlights that the market generated $35.39 billion in 2018 and is estimated to grow at a CAGR of 8.39% during the forecast period, 2018-2023.
In terms of value, the global computer-aided design market is expected to grow at a CAGR of 6.35% during the forecast period 2018-2028.
In 2017, the global 3D printing market for automotive and aerospace industry in terms of value was valued at $3.07 billion, which is expected to reach $9.36 billion by 2023 with a Compound Annual Growth Rate (CAGR) of 17.86% during the forecast period 2018-2023.
The global smart & intelligent pumps market in terms of value was estimated at $1,860.0 million in 2017, and is expected to reach $2,741.8 million by 2023, expanding at a CAGR of 6.68% from 2018 to 2023.
The global edge analytics market was estimated to be $2.14 billion in 2017, and is expected to reach $13.44 billion by the end of 2025, registering a CAGR of 22.2% during the forecast period, 2018-2025.
The global cognitive robotic process automation market is expected to reach $3,620.8 million by 2026. Owing to the growing demand for digital workforce in order to increase efficiency and reduce operating cost in business processes, the global cognitive robotic process automation market is expected to grow rapidly at the CAGR of 60.9% during 2017-2026.
The global 3D printing software and services market is estimated to register a CAGR of 25.2% between 2017 and 2021.
The global CAD market in terms of value is estimated to witness growth at a CAGR of 7.00% between 2017 and 2023. The increasing demand and the growth rate for CAD in the market is attributed to their increasing usage by end-use industries such as automotive, aerospace, industrial machinery,electrical & electronics, pharmaceutical & healthcare, and others.
In terms of percentage share of different types of sensors being extensively used in Internet of Things (IoT) connected devices, pressure sensors accounted for maximum in 2015 of 31.27%.
The global desktop 3D printer market is estimated to reach more than $2.35 billion in terms of revenue and around 2.6 million units in terms of sales volume by 2022. A constant governmental support, decreasing costs, and growing demand of desktop 3D printers from various consumer sectors are some of the key reasons responsible for the rapid growth of this market.
3D Printing technology in India is revolutionizing the conventional manufacturing industry, owing to its huge advantages. The technology allows printing with suitable range of materials in lesser time. The conventional methods which are used to develop models, prototypes or direct parts usually are costlier and time consuming. Heavily weighted components which are usually manufactured by conventio
The global digital twin market is projected to grow from $2.66 billion in 2020 to $29.57 billion by 2025, at a CAGR 61.94% from 2020 to 2025.
The global 3D printing software and services market is estimated to register a CAGR of 25.2% between 2017 and 2021.
The global CAD market in terms of value is estimated to witness growth at a CAGR of 7.00% between 2017 and 2023. The increasing demand and the growth rate for CAD in the market is attributed to their increasing usage by end-use industries such as automotive, aerospace, industrial machinery,electrical & electronics, pharmaceutical & healthcare, and others.
A PHP Error was encountered
Severity: Warning
Message: Invalid argument supplied for foreach()
Filename: web/catdetailsnew.php
Line Number: 703
Digital Manufacturing
Digital Manufacturing Market and Industry Overview
The digital manufacturing market is a rapidly expanding industry that leverages advanced technologies such as IoT, AI, and cloud computing to transform the manufacturing processes. It encompasses the digitization and integration of various stages, from design and prototyping to production and supply chain management. The industry aims to enhance efficiency, productivity, and quality through real-time data analysis, automation, and connectivity. Key players in the digital manufacturing market include software providers, equipment manufacturers, and consulting firms. As manufacturers strive to improve competitiveness and meet evolving customer demands, the digital manufacturing market is expected to experience significant growth in the coming years.
The digital manufacturing market research report provides a comprehensive analysis of the industry, including key players, trends, challenges, and growth opportunities. By examining the impact of advanced technologies, such as IoT, AI, and cloud computing, this report aims to provide valuable insights and strategies for businesses operating in the digital manufacturing sector.
I would like to extend our appreciation for your support in finalizing the report according to our precise needs and prerequisites. I am also impressed by the timely completion of all aspects of dealing with us as your esteemed client. I look forward to continue our professional relations in the future.
Manager-Strategy & Business DevelopmentICL Industrial Products
“I found the content quite interesting and insightful. It has provided us with some important information”
Strategic Insights COE ManagerJapan Tobacco International
I appreciate the extra effort that team BIS took to cater to our specific requirements, moreover, their response time and adaptability is at par with my expectation.
CEO & ChairmanTEKNA Plasma Systems
“BIS research has been a great support to our strategic investigation in the field of thermoplastic composite. BIS did manage to bring together a clear picture on a global level, supported by examples and references and they delivered an accurate evaluation of the current market size and potential in the coming years in line with our expectations. I warmly recommend them.”
VPFuture Business and Innovation