DM Market in China – Technavio Publishes Vendor Analysis & Forecast
By Business Wire News
By Business Wire News
Technavio has published a new report on the DM market in China,which is expected to grow at a CAGR of more than 8% from 2015-2019.
Digital manufacturing (DM) market segmentation by end-user
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different end-users, including automotive, electrical and electronics, aerospace and defence, industrial machinery, consumer packaged goods (CPG), and utilities.
“Direct digital manufacturing is a major trend in the DM market, which involves the use of additive fabrication processes to manufacture products quickly and accurately. In DDM, the input is 3D digital data which provide all the details and specifications of the product to be made,” says Faisal Ghaus, Vice President of Technavio.
“Many large digital manufacturing software vendors have started to focus on fast-growing small and medium-sized enterprises that require compact DM software with less maintenance and easy configuration. SME-specific DM software reduces the total cost of ownership as it is priced lower compared to other commercial DM software,” adds Ghaus.
DM: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the DM market in China from 2015-2019. To calculate the market size and vendor share, Technavio considers both the direct and indirect revenue of vendors.
Industry analysis includes:
- Key Vendors:
- Dassault Systèmes
- PTC (Parametric Technology) Inc.
- Siemens PLM Software Inc.
- Market Growth Drivers:
- Advantages of DM
- Use of DM for Improved Traceability
- Market Challenges:
- High Product and Training Costs
- Lack of Use of DM by SMEs
- Market Trends:
- Evolution of DDM
- Adoption of Compact DM among SMEs
View the DM market in Chinareport.
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