PUBLISHER: The Business Research Company | PRODUCT CODE: 1653236
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653236
PLM (Product Lifecycle Management) in discrete manufacturing encompasses solutions utilized by various industries to oversee the complete lifecycle of a product, starting from engineering and design to manufacturing and eventual disposal of the manufactured goods. Discrete manufacturing, a specific manufacturing technique, produces products distinguished by individual units and assembles parts based on a predetermined process to create unique items, such as smartphones. PLM plays a crucial role in enhancing the quality and reliability of products. Moreover, it provides manufacturers with an accurate bill of materials (BOM), enabling quicker error detection and shorter delivery times. Given that most manufacturing involves a multi-step assembly process, PLM aids businesses in monitoring production processes and providing operators with decision support, contributing to the accelerated growth of the market.
The primary components of PLM in discrete manufacturing include software and services. Software encompasses the complete set of programs and routines associated with the operation of a computer system, with available deployment models including on-premise and cloud options. Enterprises of various sizes, including large enterprises and small and medium-sized enterprises, benefit from these solutions. PLM in discrete manufacturing finds applications in industry verticals such as automotive and transportation, industrial machinery and heavy equipment, high-tech and consumer electronics, aerospace and defense, and other sectors.
The PLM in discrete manufacturing Market Research Report is one of a series of new reports from The Business Research Company that provides PLM in Discrete Manufacturing market statistics, including PLM in Discrete Manufacturing industry global market size, regional shares, competitors with a PLM in Discrete Manufacturing market share, detailed PLM in Discrete Manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the PLM in Discrete Manufacturing industry. This PLM in discrete manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The PLM in discrete manufacturing market size has grown strongly in recent years. It will grow from $23.16 billion in 2024 to $24.62 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. 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 $35.65 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. 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).
The anticipated growth in the adoption of smart factories and smart manufacturing is poised to drive the expansion of the PLM in the discrete manufacturing market. A smart factory, characterized by its digitized manufacturing processes, and smart manufacturing, utilizing internet-connected machinery for production monitoring, benefit from PLM Discrete's decision-making capabilities, leveraging information to improve processes and address potential issues. Plex Systems, a US-based software company in the PLM in the discrete manufacturing market, reported a 50% increase in smart manufacturing adoption rates over twelve months, with two out of every three manufacturers incorporating some form of smart manufacturing component. Hence, the surge in the adoption of smart factories and smart manufacturing is a key driver of PLM in the discrete manufacturing market growth.
The growing number of IoT-linked devices is expected to contribute to the advancement of the PLM in the discrete manufacturing market. IoT-linked devices, referring to nonstandard computing devices wirelessly connected to a network with data transmission capabilities, empower PLM through real-time data, facilitating informed decisions, improved product quality, and enhanced manufacturing efficiency. According to a report by Ericsson, a Sweden-based telecommunications company, broadband IoT (4G/5G) connections, encompassing the majority of cellular IoT devices, reached 1. 3 billion in 2022, with a projection that nearly 60% of cellular IoT connections will be broadband IoT by the end of 2028. The increasing prevalence of IoT-linked devices is, therefore, a driving force behind the growth of the PLM in the discrete manufacturing market.
Strategic collaboration is a significant trend gaining momentum in the discrete manufacturing PLM market. Major companies in the PLM discrete manufacturing sector are actively seeking partnerships to bolster their presence in this market. For example, in January 2022, Siemens' Capital software, a US-based company, became the core platform for designing electrical and electronic (E/E) systems and engineering electrical harness manufacturing for Airbus. Their expanded partnership aims to support Airbus' Lean PLM environment, enhancing collaboration and efficiency among its multi-country development teams. Such collaborations enable these industries to leverage advanced technologies, leading to improved efficiency, innovation, and overall product quality. Airbus, a European-based company, is recognized for its innovative approach to aerospace engineering, with a focus on sustainability and efficiency.
Innovative technologies, such as PLM platforms, are being developed by major companies in the PLM in discrete manufacturing market to cater to larger customer bases, drive more sales, and increase revenue. PLM platforms are comprehensive software systems designed to manage and optimize all aspects of a product's lifecycle. KloudPLM, a US-based cloud SaaS platform, launched a Cloud-First PLM platform in February 2022, built on Salesforce. com. This platform enables organizations to optimize and automate their entire product development lifecycle, offering extensive reports, dashboards, and Key Performance Indicators (KPIs). It represents a modern, Cloud-First approach, surpassing older legacy PLM solutions in terms of advancement.
In September 2022, Dassault Systemes, a French software company specializing in 3D design, 3D digital mock-up, and product lifecycle management (PLM) software, acquired Diota. This acquisition allows Dassault to enhance its 3DEXPERIENCE platform by integrating advanced technologies such as augmented reality (AR), interactive 3D, computer vision, artificial intelligence (AI), and deep learning. Diota's solutions enable users to create AR projects directly from their information systems, including product lifecycle management (PLM) tools.
Major companies operating in the plm in discrete manufacturing market include ANSYS Inc, Plex Systems Inc, Autodesk Inc, Dassault Systemes SE, Infor, Oracle Corporation, Parametric Technology Corporation Inc, SAP SE, Siemens AG, Lascom, KloudPLM, OpenBOM, Aras Corporation, Arena Solutions Inc., Centric Software Inc., ESI Group, Granta Design Limited, International Business Machines Corporation, Mentor Graphics Corporation, Parametric Technology Corporation, Tata Technologies Limited
North America was the largest region in the PLM in discrete manufacturing market in 2024. 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
The countries covered in the plm in discrete manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The PLM in discrete manufacturing market consists of revenues earned by entities by providing PLM in discrete manufacturing that are used to lower costs, improve quality, and shorten time to market. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
PLM in Discrete Manufacturing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on plm in discrete manufacturing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for plm in discrete manufacturing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The plm in discrete manufacturing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.