Model-Based Manufacturing Technologies Market to Reach USD 12.8 Billion by 2027

The market is expected to grow at a CAGR of 15.8% from 2020 to 2027.

The model-based manufacturing technologies market is expected to reach USD 12.8 billion by 2027, according to a recent report. This growth is attributed to the increasing adoption of digital twin technology in manufacturing processes. The report highlights the use of model-based manufacturing technologies in simulation-driven design and optimization of production processes.