GITNUX MARKETDATA REPORT 2024

Digital Manufacturing Industry Statistics

The digital manufacturing industry is projected to grow rapidly, driven by advancements in technology and increasing adoption of smart manufacturing techniques.

Statistic 1

"The digital manufacturing market is projected to grow from USD 14.86 billion in 2020 to USD 24.80 billion by 2026, at a CAGR of over 7.5%."

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Statistic 2

"On average, companies are expected to increase their digital manufacturing spending by 21% by 2023."

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Statistic 3

"95% of manufacturers are investing in predictive and prescriptive analytics, big data, and internet of things (IoT) technology."

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Statistic 4

"The adoption and implementation of digital manufacturing solutions can reduce time-to-market by 50%."

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Statistic 5

"9 out of 10 manufacturers plan to invest in predictive analytics and simulation software in the next five years."

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Statistic 6

"Up to 45% of activities in the manufacturing industry can be automated with currently available technologies."

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Statistic 7

"Industrial IoT (IIoT) is expected to add $14.2 trillion to the global economy by 2030."

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Statistic 8

"The digital transformation of the manufacturing industry could lead to a productivity gain of between 6.3% to 9.8% over the next 10 years."

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Statistic 9

"70% of manufacturing businesses prefer cloud-based applications for their production processes."

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Statistic 10

"Over 60% of manufacturers are already using digital tools in their plants today."

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Statistic 11

"Sensors in the manufacturing industry will generate 5% more data per year on average."

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Statistic 12

"By 2025, the market opportunity for IoT in manufacturing is estimated to reach $310 billion."

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Statistic 13

"Real-time monitoring can reduce maintenance costs by up to 40%."

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Statistic 14

"More than half of manufacturers (55%) are making substantial investments in smart factory technology."

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Statistic 15

"85% of manufacturers are currently implementing or planning to implement Industry 4.0 solutions."

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Statistic 16

"The top three priorities for manufacturers are analytics (65%), cybersecurity (53%) and IoT (46%)."

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Statistic 17

"Asia-Pacific is projected to have the highest CAGR of 9.53% in the digital manufacturing market from 2021 to 2026."

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Statistic 18

"Manufacturers expect to achieve a 10-20% increase in operations efficiency through digital manufacturing systems by 2023."

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Statistic 19

"Early adopters of smart manufacturing and digital technologies are reporting efficiency increases of 17–20%."

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Statistic 20

"Major manufacturing sectors are expecting to double their levels of digitization to 72% by 2020, compared to 33% in 2015."

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