The PLM in discrete manufacturing market has seen considerable expansion in recent years. Market size is expected to increase from $23.16 billion in 2024 to $24.62 billion in 2025, representing a compound annual growth rate (CAGR) of 6.3%. This growth can be attributed to factors such as globalization and distributed manufacturing, increases in product complexity, regulatory compliance and quality assurance, the quickening pace of innovation cycles, and the push for cost reduction and efficiency improvement.
Looking towards the future, the market size is projected to experience substantial growth, reaching $35.65 billion in 2029 with a compound annual growth rate (CAGR) of 9.7%. This expected growth is driven by digital transformation and industry 4.0, focus on sustainability and environmental impact, advancements in simulation and virtual prototyping, and collaboration across the extended ecosystem. Further, major trends forecasted for this period include integrated product development, IoT integration, advanced analytics and simulation, and 3D-printing or additive manufacturing.
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What are the Key Growth Drivers of the PLM in Discrete Manufacturing Market?
The rapid adoption of smart factories and smart manufacturing is expected to significantly propel the growth of the PLM in discrete manufacturing market going forward. As a digitized manufacturing facility, a smart factory employs a technology-driven approach, utilizing internet-connected machinery to monitor the production process. PLM Discrete aids in decision-making enhancements and identification of potential problems, ensuring efficiency and smooth operation. It is reported that smart manufacturing adoption rates increased 50% over twelve months, with two out of every three manufacturers using some form of smart manufacturing component – a clear indicator that the rise in smart factories and smart manufacturing is primarily driving the PLM in the discrete manufacturing market growth.
What are Key Segments Within the PLM in Discrete Manufacturing Industry?
The PLM in discrete manufacturing market covered in this report is segmented into –
1) By Component: Software, Services
2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
3) By Deployment Model: On-Premise, Cloud
4) By Industry Vertical: Automotive And Transportation, Industrial Machinery And Heavy Equipment, High-Tech And Consumer Electronics, Aerospace And Defense, Other Industry Verticals
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Which Major Players are Operating Within the PLM in Discrete Manufacturing Market?
Prominent companies in the PLM in discrete manufacturing market include ANSYS Inc, Plex Systems Inc, Autodesk Inc, Dassault Systèmes 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, and Tata Technologies Limited.
What Trends Are Emerging in the PLM in Discrete Manufacturing Market?
A key trend gaining traction in the PLM in discrete manufacturing market is strategic collaboration. Companies operating in the field are seeking partnerships to strengthen their positions. For example, in January 2022, Airbus expanded its partnership with Siemens’ Capital Software to support the company’s Lean PLM environment, enhancing collaboration and efficiency across multi-country development teams. Such collaborations are helping industries leverage advanced technologies to improve efficiency, innovation, and overall product quality.
What’s the Regional Market Scenario of the PLM in Discrete Manufacturing Market?
North America was the largest region in the PLM in discrete manufacturing market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecasted period. Regions covered in the PLM in discrete manufacturing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What does the PLM in Discrete Manufacturing Market Report 2025 Offer?
PLM in discrete manufacturing refers to solutions used by diverse industries to manage a product’s entire life cycle, from engineering and design to manufacture to disposal of goods. PLM enhances product quality and dependability, providing manufacturers with an accurate bill of materials (BOM) which allows quicker identification of errors and shorter delivery times. The majority of manufacturing involves a multi-step assembly process, and PLM helps businesses monitor production processes and provide operators decision support which accelerates the market’s growth.
The PLM in Discrete Manufacturing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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