Digital Technologies in Manufacturing: Growth Opportunities

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

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.