The DM market in Japan to grow at a CAGR of 7.70% over the period 2014-2019.
Digital manufacturing (DM) is a sub-segment of the product lifecycle management software. It improves the overall efficiency of the production by defining the optimization of manufacturing processes, managing data in the product development cycle, and supporting effective collaboration within the organization. DM software provides and supports process planning, factory modeling, visualization and simulation of operations, human factor analysis, and collaborative communication. It helps manufacturing companies to improve their production efficiency reducing production time and manufacturing expenses.
The increasing need to validate product and plant design without physical prototypes is leading to the integration of DM with augmented reality. This new technology is expected overall to enhance the usage of DM across companies. Design can be made through DM, and augmented reality can provide the virtual real simulation of product or plant, which enhances the validation process.
According to the report, increased adoption of DM for concurrent planning of facility, production, and product across companies in Japan has contributed to the growth of the DM market in Japan. Concurrent planning increases time to market, reduces design changes and rework, increases information flow, and reduces time to product realization and inventory cost.
Further, the report states that the lack of adoption of DM by small and medium enterprises in Japan has deeply affected the growth of the market. The high cost of the solution and longer period for ROI has created a negative impact on the adoption of DM across SMEs in Japan. With the presence of many SMEs in Japan, the DM market in Japan is losing out on its revenue from these SMEs.
The DM market in Japan can be segmented into seven end-user segments:
- Aerospace and defense industry
- Automotive industry
- Electrical and electronics industry
- Industrial machinery industry
- Vonsumer process goods industry
- Utility industry
- Dassault Systemes
- Mentor Graphics
- Siemens PLM Software
Other Prominent Vendor
- 3D Systems
- Tata Technologies
- Visual Components
For more information visit http://www.researchandmarkets.com/research/79zmqq/dm_market_in
Laura Wood, +353-1-481-1716, Email Contact
To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/japanese-digital-manufacturing-market-2015-2019---integration-of-dm-with-augmented-reality-300117905.html
SOURCE Research and Markets
|Research and Markets