About Model Based Manufacturing Technologies
Model-based manufacturing is the new form of handling manufacturing data that uses models instead of traditional documents for all manufacturing practices throughout the life of a product. It allows the integration of design and manufacturing information to be merged in a common definition based on a three-dimensional (3D) model of the product. It also ensures the uniqueness of the 3D product data for integrated design and manufacturing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 18.3% |
Market players are focusing on providing Cast Resin Current Transformers with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Cast Resin Current Transformers. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Model Based Manufacturing Technologies market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autodesk (United States), Vera Security, Inc. (United States), SAP SE (Germany), Oracle (United States), Dassault Systems (France), iBASEt Inc. (United States), Aspen Technology Inc. (United States), Honeywell International, Inc. (United States), PTC, Inc. (United States) and Siemens PLM Software Inc. (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Rockwell Automation, Inc. (United States) and Proplanner (United States).
Segmentation Overview
AMA Research has segmented the market of Global Model Based Manufacturing Technologies market by Type (Descriptive Models and Computational Models) and Region.
On the basis of geography, the market of Model Based Manufacturing Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Automotive will boost the Model Based Manufacturing Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System Type, the sub-segment i.e. MES Based Systems will boost the Model Based Manufacturing Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Engineers will boost the Model Based Manufacturing Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Smart Manufacturing
Market Growth Drivers:
Continuous Optimization of Production Processes and Increasing Plant Productivity and Reduced Inventory Costs
Challenges:
Compatibility of Software Package with the System
Restraints:
High Investment Cost
Opportunities:
3D Printing of Spare Parts, Automation with Robotics and UAVs, Asset Sensor and Diagnostic Connectivity via the IoT, Digital Thread and Digital Twin and Advanced Analytical Capabilities
Market Leaders and their expansionary development strategies
In September 2022, The Connecticut Center for Advanced Technology, Inc. (CCAT) announced today that it has formalized its partnership with Full-Bore, a manufacturing technology company founded by Sudhi Bangalore, former Operations CTO of Stanley Black & Decker, to jointly innovate and build solutions that will help small and mid-sized enterprises (SMEs) to drive digital transformation at scale.
In May 2022, VERA, the leader in data-centric security, partnered with Autodesk and PTC, industry leaders in the global computer-aided design (CAD) market. With a 360-degree audit trail, dynamic permissions, and a frictionless user experience, VERA is closing a critical data loss vector for manufacturers.
Key Target Audience
Model-Based Manufacturing Technologies Developers, Software Developers and Integrators, Manufacturing Industry, Government & Research Organisation, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.