Global digital manufacturing market size will reach $ 709.2 billion by 2031, growing by 13.9% annually over 2021-2031, driven by the emerging trend of digitalization

The current trend in the field of manufacturing is digitalization. New technologies that have become available and digital production processes that have been developed contribute to the idea of an integrated, automated factory. Digital manufacturing can be defined as the opposite of traditional manufacturing and industrial processes. Traditional manufacturing focuses on the production of physical goods using various techniques. Research reports indicate that digital manufacturing services generate more revenue than any other offshoring service category.

One of the key elements of digital manufacturing is robotics which plays an important role in the development and use of automation. In fact, industrial robots have become an essential part of any modern automated production line around the globe due to their excellent capabilities in terms of precision, speed, repeatability and flexibility.

Although a variety of advanced technologies are helping to make manufacturing more efficient and cost-effective, only robotics can deliver the repeatability, flexibility and high-quality production that is critical for success in today’s global economy.

The benefits of robotics in digital manufacturing and production are many, including higher precision and quality, increased capacity, lower costs, the ability to work in more challenging environments, and better on-line monitoring.

Global digital manufacturing market will reach $ 709.2 billion by 2031, growing by 13.9% annually over 2021-2031, driven by the emerging trend of digitalization, the extensive research and development (R&D) in the field of production technologies, the development of technologically advanced and innovative digital manufacturing tools, the implementation of the Internet of Things (IoT) and robotics, along with the increasing adoption of product lifecycle management (PLM) systems.