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Digital manufacturing is an integrated approach to industrial manufacturing, which is focused on a solid computer system. The transformation to digital manufacturing has recently become more widespread in various industries, particularly with the growth in the number and quality of personal computer systems in modern manufacturing plants. The flexibility of digital machines allows manufacturers to build more complex machinery that was once only imagined. Digital technology is also an excellent way to reduce the cost of manufacturing processes, because there is no need to pay for expensive raw materials, labor or expertise when using computers to build machines and other equipment.
Increasing adoption of digital manufacturing is expected to propel growth of the global digital manufacturing market. For instance, in January 2021, The ZF Friedrichshafen AG choose Microsoft and PwC Germany as its strategic partners to build digital manufacturing platform. Moreover, launch of new systems for digital manufacturing is also expected to aid in growth of the market. For instance, in November 2020, Dell Technologies Inc. launched new HPC systems for genomics, digital manufacturing and AI.
Increasing adoption of Internet of Things (IoT) in manufacturing industries is expected to offer lucrative growth opportunities for players in the global digital manufacturing market. For instance, in February 2021, Skylo, an end-to-end solution provider, partnered with Beetel, a technology brand offering contemporary solutions for India’s connectivity and IT needs, to rapidly scale the adoption of end-to-end Internet of Things (IoT) solutions to connect the billions of machines and remote assets in hundreds of industries across India.
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