Computer Aided Manufacturing Market is segmented By Component (Solution and Services), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), By Deployment (On-Premises and Cloud), and By Industry Vertical (Automotive, Aerospace and Defense, Industrial Equipment, High-Tech, Medical Devices and Components, and Energy and Utility) and Region (United States, Canada, Mexico, South America, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, South Africa, Rest of World)
Computer Aided Manufacturing Market size was estimated at $XX billion in 2020 and is expected to reach $4.04 billion by 2028, growing at a CAGR of 8.18% during the forecast period of 2021 to 2028.
Computer-aided manufacturing (CAM) is a term that refers to the use of technology to automate manufacturing processes in a variety of sectors, including automotive, industrial usage, and aerospace. It is a form of automated manufacturing that utilizes computer-controlled machining. By reducing the likelihood of human mistake, the use of computer-aided manufacturing leads to increased production. It is a computerized information system that makes forecasts regarding travel arrival and departure timings. It generates tool paths from models created during computer-assisted manufacturing, which control machine tools to translate the design into genuine parts. It is used to build prototypes, manufacturing runs, and complete components.
This software uses computer programs to define a production plan for the development of computer-aided design (CAD) models, tooling design, numerical control (N.C.) programming, machines tool simulation or post-processing, and coordinate measuring machine (CMM) programming.
The COVID-19 pandemic seems to have had a moderate effect on the growth of the Computer-Aided Manufacturing (CAM) industry since CAM software use has declined in response to unusual conditions in 2020. This is due to a reduction in spending by vendors supplying the automotive and aerospace industries. However, the health sector has placed a growing emphasis on CAM software in order to rapidly generate medical supplies necessary for reacting to the coronavirus, resulting in attractive growth potential for the market. For example, U.K. Precision Inc. implemented CNC Software Inc.s Mastercam CAD/CAM software during the pandemic to meet the increased demand for medical supplies.
Computer Aided Manufacturing Market Growth and Trend
Several causes have fueled the worldwide computer-aided manufacturing software market, the most significant of which are increased industrialization, increased usage of CAM software in packaging machines and increased acceptance of cloud technologies.
The increased need for automation technology at industrial facilities has fueled demand for computer-aided manufacturing. Another significant element expected to drive the growth of the computer-aided manufacturing market is rapid industrialization. The manufacturing sectors increasing usage of the internet of things (IoT) has created additional profitable development potential for the computer-aided manufacturing industry. Increased investment in research and development initiatives to innovate with technology would strengthen the markets growth pace. It has been noticed that rising industrialization results in an increase in manufacturing operations, and numerous commercial organizations utilize CAM technology to operate more effectively and efficiently.
CAM is widely used in a variety of industrial markets, as well as the packaging industry. CAM is undergoing significant technological breakthroughs, such as XML, cloud computing, and quantum computing, which enable users to enhance the mobility of designs, have simple access to methods via cloud computing and operate with less infrastructure. Additionally, the expanding usage of computer-aided manufacturing software in packing machinery significantly raises demand for computer-aided manufacturing software. The advent of cloud computing improves performance and accessibility, resulting in the rapid growth of the market.
In todays increasingly competitive automobile sector, manufacturers are looking forward to using intelligent manufacturing solutions to shorten the manufacturing cycle. Automobile manufacturers place a premium on continuous process improvement by implementing various technological advancements to ensure high-quality goods. Technological advances, the newest machinery and equipment, and the incorporation of CAM solutions into vehicle manufacturing processes have enabled automakers and fabricators to cut production time and increase overall manufacturing efficiency.
The system helps enterprises to easily and quickly manage design modifications. The solution enables many stakeholders within an organization, including machinists, developers, and engineers, to do their responsibilities more efficiently, hence lowering the overall time required for product manufacture.
Computer Aided Manufacturing Market Segmentation
The computer aided manufacturing market is segmented by component, organization size, deployment, and industry vertical. Based on component, the market consists of solution and services. By organization size, the market is divided into small and medium enterprises (SME) and large enterprises. The large enterprise segment will hold a significant share in the global market due to the increasing requirement for automation and manufacturing the product at a competitive price. Based on deployment, the market is segmented into on-premises and cloud-based system. The cloud-based system segment is expanding owing to the technological advancements and emergence of the 5G network. Based on industry vertical, the market is divided into automotive, aerospace and defense, industrial equipment, high-tech, medical devices and components, and energy and utility.
Computer Aided Manufacturing Market Country Analysis
North America dominates the worldwide computer-assisted manufacturing (CAM) share in terms of revenue. This regional expansion was facilitated by the early use of modern industrial technologies. Over the projected period, this regional market will benefit from advances in technology, widespread usage by sectors, and rising demand. Europe is also a high-growth area for this market, owing to the rising need for high efficiency, precision, and consistency in production processes across various sectors. The Asia Pacific computer-aided manufacturing (CAM) market is expected to develop rapidly in the coming years, owing to rising industrialization and increased use of CAM software in packaging machines. Additionally, the preference for IoT in the manufacturing industry, the increasing use of Industry 4.0, and the unique requirements for CAM software for modern industrial manufacturing systems all contribute to the APAC regions growth.
Computer Aided Manufacturing Market Share and Competition
The major players operating in the global computer-aided manufacturing market are Autodesk, Dassault Systèmes, Hexagon, Siemens, 3D Systems, PTC, HCL, CNC Software, OPEN MIND Technologies, and DP Technology Corp.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Component Type Analysis (Revenue, USD Million, 2021 - 2028)
Organization Size Analysis (Revenue, USD Million, 2021 - 2028)
• Large Enterprises
• Small and Medium-Sized Enterprises
Deployment Analysis (Revenue, USD Million, 2021 - 2028)
Industry Vertical Analysis (Revenue, USD Million, 2021 - 2028)
• Aerospace and Defense
• Industrial Equipment
• Medical Devices and Components
• Energy and Utility
Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
o United States
• South America
o United Kingdom
• Asia Pacific
o South Korea
• Middle East
o GCC C ountries
o South Korea
• South Africa
• Rest of World
Computer Aided Manufacturing Market Companies
• Dassault Systèmes
• 3D Systems
• CNC Software
• OPEN MIND Technologies
• DP Technology Corp.
• United States Computer Aided Manufacturing Industry Research Report
• Europe Computer Aided Manufacturing Industry Research Report
• Asia Pacific Computer Aided Manufacturing Industry Research Report
Need report on this market for specific region or Country? Or need a customized report as per your need? Want to know discounts as available?
Or Fill the form below "Sample Request Form" with your queries in message box.
Please fill in the form below to Request for free Sample Report
Office Hours Mon - Sat 10:00 - 16:00
Send Us Mail email@example.com
© 2018 Market Decipher. All Rights Reserved