As the Fourth Industrial Revolution approaches, businesses’ approaches to product development, manufacturing, distribution, and maintenance will undergo dramatic changes.
This paradigm shift, according to Paul Benning, HP Senior Fellow & Chief Technologist, 3D Printing & Digital Manufacturing, HP Inc., is expected to completely disrupt the global manufacturing industry by digitizing entire supply chains and production processes. Also, get to know some top digital manufacturing tech companies below.
As industry 4.0 drives innovation and new technological breakthroughs, the manufacturing sector is embracing disruptive technologies such as 3D printing, the internet of things (IoT), artificial intelligence (AI), and robotics.
Here are some top digital manufacturing tech companies:
1. 3D Systems
In 1986, Chuck Hull, aka Charles W. Hull, founded 3D Systems. He also invented stereolithography, which is now known as 3D printing. Hull coined the term “stereolithography” in a patent application in 1984.
He received a patent for his invention in 1986 and went on to found the pioneering 3D printing company 3D Systems. 3D systems make services and goods in various forms available.
In addition to designing and manufacturing their own 3D printers, printing materials, scanning equipment, and 3D printing services, they provide 3D printing as a service.
They also create product concept models, precise and functional prototypes, tooling master patterns, and DDM production parts. It has a $4 billion market cap, making it the largest company in the world.
HP and Siemens have taken 3D printing from the prototype stage all the way to production by combining HP’s Multi Jet Fusion technology with Siemens’ additive manufacturing offerings and end-to-end design to production technology suite.
“We are excited to work with Siemens to bring high-performance parts, personalized products, and serialized 3D production to our customers,” said Christoph Schell, President of 3D Printing and Digital Manufacturing at HP Inc. and a member of the Executive Leadership Team.
“HP and Siemens share the vision that digital manufacturing systems are change catalysts,” according to Christoph Schell, President of 3D Printing and Digital Manufacturing at HP Inc.
Materialize was founded in 1990 to help with the development of new applications for 3D printing. In addition to software, they offer 3D printing services. Healthcare, manufacturing, architecture, fine art, and consumer goods are just a few of the industries that have used their services to develop cutting-edge 3D printing applications.
Materialize Manufacturing works closely with clients to develop useful 3D printing applications, offering both rapid prototyping and additive manufacturing.
Materialize On Site is their online ordering platform that allows customers to easily access their massive 3D printing facility. Materialize’s a suite of high-quality software tools that allows customers to have better oversight and management of their 3D printing process. It is the world’s third-largest 3D printing company, with a $2 billion valuation.
4. Jabil Circuit
Jabil Circuit, a multinational manufacturing services provider with 90 locations in 23 countries, was a pioneer in the use of HP’s Jet Fusion 3D printing solution.
“What’s powerful for us is the ability to produce quality parts with consistency, a high level of mechanical integrity, and at speeds that enable us to define a break-even point for traditionally made parts using the HP platform,” says John Dulchinos, VP of Global Automation and 3D Printing at Jabil.
Parts with “performance parameters that can start to rival injection molding” can be obtained “with a cost model that is competitive with molding parts,” Dulchinos says.
The development of an open materials marketplace and ecosystem driven by strategic partners is critical to HP’s plan to use digital technology to revolutionize the 3D printing industry.
HP’s Multi Jet Fusion Open Platform and Partner First 3D Printing Specialization program focuses on industry transformation barriers.
5. Ex One
Ex One was established as a sub-brand of Extrude Hone with the goal of developing 3D metal printers. In 1995, a program called “Pro Metal” was created, and the ball began to roll.
The following year, they developed an inkjet 3D printing process for metal, ceramic, and sand, and they were granted an exclusive license to market it. They have been at the forefront of binder jetting-based industrial 3D printing systems for over two decades.
3D printers are used by a wide range of businesses, including those in aerospace, automotive, energy, and defense.
The company’s primary focus is on developing and manufacturing binder jetting printing systems. With a market capitalization of $751 million, this company is among the largest in the world.
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What Is Digital Manufacturing Software?
Digital manufacturing software focuses on computer-based production. This process, which aims to improve both the design and production of a product, includes tools such as 3D modeling and animation, as well as simulation and other analytical methods. Thanks to this software, the manufacturing process is now trouble-free.
Product life cycle management (PLM) is becoming more widely used in an effort to increase production efficiency and reduce the time it takes to bring a product to market, both of which contribute to market growth.
The rising popularity of digital manufacturing tools, which increase product accountability, is also fueling the market growth. However, the increased investment required slows market growth. The market is expected to benefit greatly as cloud-based digital manufacturing software becomes more widely available.
The global market for digital manufacturing software is divided into segments based on who will use it and where it will be used. The market is segmented by end-user into the aerospace & defense sector, the automotive sector, the industrial machinery sector, and the other sector.
The market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean.
Siemens PLM Software, PTC, Mentor, a Siemens Business, Dassault Systems, SAP SE, Oracle, SIMUL8 Corporation, Demand Management Inc., VISUAL COMPONENTS, and Cogiscan are among the industry’s leaders.
- This report investigates the historical development and projected growth of the global digital manufacturing software market.
- The report examines how each of the market’s major growth factors, including both opportunities and threats, affects the overall size of the market.
- Porter’s Five Forces analysis depicts the influence of buyers and sellers.
To identify market potential, a numerical evaluation of the market from 2017 to 2023 is presented.
What Exactly Is Digital Manufacturing?
The practice of utilizing information technology across the production value chain, from raw materials to finished goods, is referred to as “digital manufacturing.”
Because of the integration of digital manufacturing technologies, the entire manufacturing process can be carried out in a unified manner, from product design to production to after-sales service.
Manufacturers can improve the quality of their decision-making by modeling and simulating processes, which leads to cost savings, faster time to market, and a more cohesive manufacturing process that integrates digital tools with physical manufacturing execution.
Manufacturers can establish a digital thread that runs through the entire manufacturing procedure by using a computer-centric process to analyze data across the product lifecycle and develop executable processes.
Digital manufacturing systems can transmit customer data to product managers in order to provide products that are tailored to the needs of individual customers.
1. What are the top 5 manufacturing companies?
- Volkswagen Group
- Toyota Group
- Samsung Electronics
- Daimler Group
2. What is a digital manufacturing company?
In order to help stakeholders at every stage of the manufacturing lifecycle make more informed business decisions, digital manufacturers use technology to bridge the gaps between previously isolated data sets and procedures.
3. What are the 3 major aspects of digital manufacturing?
Digital Manufacturing’s Three aspects are : It is divided into three major categories: product life cycle, smart factory, and value chain management.
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