Digital Technologies in Manufacturing: Growth Opportunities

Digital Technologies in Manufacturing: Growth Opportunities

Disruptive technologies are redefining manufacturing norms, helping businesses enhance efficiency and ensure growth

RELEASE DATE
04-Apr-2024
REGION
Global
Deliverable Type
Technology Research
Research Code: DADE-01-00-00-00
SKU: TE_2024_639
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Description

This study examines the dynamic shift in the global manufacturing industry towards digitalization. Visible particularly in sectors such as automotive, aerospace, and electronics, the shift is characterized by the increasing adoption of automation, artificial intelligence (AI), the Internet of Things (IoT), and other such technologies. Supply chain issues, labor costs, and increasingly urgent sustainability concerns are driving reliance on transformative technologies as customers grapple with shifting market demands and the need to maintain consistent quality. Advanced digital technology in manufacturing allows market players to streamline operations, manage resources efficiently, and swiftly adapt to changing trends and environmental considerations. The industry is poised for considerable growth, propelled by ongoing innovation, Industry 4.0 principles, and expanding applications across diverse fields.

The study identifies the factors driving and restraining the use of digital technologies in manufacturing and highlights the growth opportunities emerging from these changes for stakeholders and market players to leverage. The following aspects of this shift to digitalization have been covered in this report:

•     Key digital manufacturing solutions
•     Core technologies and the industry impact of digital manufacturing
•     Technology attractiveness
•     Adoption and growth influencers
•     Competitive landscape
•     Key global trends
•     Drivers and restraints
•     Growth opportunities and technology roadmap

The base year is 2023, and the forecast period is from 2024 to 2031.

Table of Contents

Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Digital Technologies in the Manufacturing Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Technology Attractiveness Dashboard

Technology Attractiveness Dashboard (continued)

Current Scenario and the Significance of Digitization

Core Technologies in Digital Manufacturing Solutions and their Impact

Integrated Technology and Adoption Level Roadmap

Manufacturing Execution Systems

Manufacturing Execution Systems (continued)

Agile Supply Chain

Agile Supply Chain (continued)

Big Data and Predictive Analytics

Big Data and Predictive Analytics (continued)

IIoT

IIoT (continued)

Digital Twins

Digital Twins (continued)

Generative AI

Generative AI (continued)

AR/VR

AR/VR (continued)

Key Companies Offering Digital Manufacturing Solutions

Key Companies Offering Digital Manufacturing Solutions (continued)

Global Trends

Global Trends (continued)

Growth Opportunity 1: Digital Transformation, Automation, and Smart Infrastructure

Growth Opportunity 1: Digital Transformation, Automation, and Smart Infrastructure (continued)

Growth Opportunity 2: Environmental, Societal, and Governance (ESG) Goals

Growth Opportunity 2: Environmental, Societal, and Governance (ESG) Goals (continued)

Growth Opportunity 3: Cybersecurity Concerns

Growth Opportunity 3: Cybersecurity Concerns (continued)

Technology Readiness Levels (TRL): Explanation

Your Next Steps

Why Frost, Why Now?

Legal Disclaimer

This study examines the dynamic shift in the global manufacturing industry towards digitalization. Visible particularly in sectors such as automotive, aerospace, and electronics, the shift is characterized by the increasing adoption of automation, artificial intelligence (AI), the Internet of Things (IoT), and other such technologies. Supply chain issues, labor costs, and increasingly urgent sustainability concerns are driving reliance on transformative technologies as customers grapple with shifting market demands and the need to maintain consistent quality. Advanced digital technology in manufacturing allows market players to streamline operations, manage resources efficiently, and swiftly adapt to changing trends and environmental considerations. The industry is poised for considerable growth, propelled by ongoing innovation, Industry 4.0 principles, and expanding applications across diverse fields. The study identifies the factors driving and restraining the use of digital technologies in manufacturing and highlights the growth opportunities emerging from these changes for stakeholders and market players to leverage. The following aspects of this shift to digitalization have been covered in this report: Key digital manufacturing solutions Core technologies and the industry impact of digital manufacturing Technology attractiveness Adoption and growth influencers Competitive landscape Key global trends Drivers and restraints Growth opportunities and technology roadmap The base year is 2023, and the forecast period is from 2024 to 2031.
More Information
Deliverable Type Technology Research
Author Soumyadeep Roy Chowdhury
Industries Telecom
No Index No
Is Prebook No
Podcast No
WIP Number DADE-01-00-00-00