Market Size –
The plm in discrete manufacturing market size has grown strongly in recent years. It will grow from $22.06 billion in 2023 to $23.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to globalization and distributed manufacturing, increasing product complexity, regulatory compliance and quality assurance, acceleration of innovation cycles, cost reduction and efficiency improvement.
The plm in discrete manufacturing market size is expected to see strong growth in the next few years. It will grow to $32.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to digital transformation and industry 4.0, focus on sustainability and environmental impact, advanced simulation and virtual prototyping, collaboration across the extended ecosystem. Major trends in the forecast period include integrated product development, iot integration, advanced analytics and simulation, additive manufacturing (3d printing).
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Scope Of PLM in Discrete Manufacturing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The surge in the adoption of smart factories and smart manufacturing is expected to propel the growth of PLM in the discrete manufacturing market going forward. A smart factory refers to a digitized manufacturing facility, whereas smart manufacturing is a technology-driven approach that utilizes internet-connected machinery to monitor the production process. PLM Discrete helps smart factories and smart manufacturing by taking decisions that are made using this information to enhance procedures and deal with any potential problems. For instance, in March 2022, according to Plex Systems, a US-based software company operating in the PLM in the discrete manufacturing market, in its 7th annual state of smart manufacturing report, smart manufacturing adoption rates increased 50% over twelve months, and 2 out of every 3 manufacturers are using some form of smart manufacturing component. Therefore, the surge in the adoption of smart factories and smart manufacturing is driving the PLM in the discrete manufacturing market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The plm in discrete manufacturing market covered in this report is segmented –
1) By Component: Software, Services
2) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
3) By Deployment Model: On-Premise, Cloud
4) By Industry Vertical: Automotive and Transportation, Industrial Machinery and Heavy Equipment, High-Tech And Consumer Electronics, Aerospace and Defense, Other Industry Verticals
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Regional Insights –
North America was the largest region in the PLM in discrete manufacturing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plm in discrete manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the plm in discrete manufacturing market report are ANSYS Inc, Plex Systems Inc, Autodesk Inc, Dassault Systèmes SE, Infor, Oracle Corporation, Parametric Technology Corporation Inc, SAP SE, Siemens AG, Synopsys Inc, Lascom, Engusa, GRAMONT Group, KloudPLM, OpenBOM, Aras Corporation, Arena Solutions Inc., Cadence Design Systems Inc., Centric Software Inc., Computer Integrated Manufacturing data Inc., Spacewell Energy, ESI Group, Granta Design Limited, Hindustan Computers Limited, International Business Machines Corporation, Infosys Limited, Mentor Graphics Corporation, Parametric Technology Corporation, Tata Technologies Limited, Wipro Limited
Table of Contents
1. Executive Summary
2. PLM in Discrete Manufacturing Market Report Structure
3. PLM in Discrete Manufacturing Market Trends And Strategies
4. PLM in Discrete Manufacturing Market – Macro Economic Scenario
5. PLM in Discrete Manufacturing Market Size And Growth
…..
27. PLM in Discrete Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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