Factory Simulation Software Spending in China
Source Research:
Factory Simulation Software
As the largest manufacturing nation in the world, China currently spends the most revenue on factory simulation software and will continue to do so as it has the highest spending CAGR (8.2%) of the four largest manufacturing countries.
Factory simulation software spending is highest in China for a multitude of factors, including: significant increase in overall manufacturing output over the last decade, a strong push to digitize factory operations, increased openness for new software and technology, and a distinct priority for discrete manufacturing industries in which factory simulation software provides the most value.
As factory simulation software becomes more prolific in industries outside of discrete manufacturing, China’s spending will decrease in comparison to that of Germany, Japan, and the United States. This is not reflected in the 10-year forecast as discrete industries will still be the dominant spender; however, process industries such as pharmaceuticals, beverage, tobacco, pulp & paper, and printing manufacturing will see an increase in adoption, resulting in China slowly losing the status of lead spender for factory simulation software.
