Computer Aided Manufacturing Market - Global Industry Analysis

Computer Aided Manufacturing Market

Computer- Aided Manufacturing Market Size, Global Growth 2030

Category: Technology & Media Report Format : PDF Pages: 208 Report Code: ZMR-4153 Published Date: Jun-2019 Status : Published

Global computer-aided manufacturing market is expected to reach approximately USD 4.04 billion by 2025, at a CAGR of slightly above 8.18% between 2019 and 2025. Technological advancements both in developed and developing countries are fuelling the demand for automation, which is driving the computer-aided manufacturing market.

Computer Aided Manufacturing Market

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Free Analysis

Computer aided manufacturing (CAM) is an application-based technology that uses software to control machines to automate and facilitate the manufacturing process. CAM is introduced after computer-aided engineering (CAE) and is used in computer-aided design (CAD). Modern computer-aided manufacturing also includes controlling robotics and machines in real-time.

The global computer aided manufacturing market is driven due to CAM’s uses across numerous industries. The models made in CAD are tested in CAE and then result becomes the input for CAM, which, in turn, helps control the machines and automates the manufacturing process. It is majorly used to control operational processes in a manufacturing unit/plant. The growing demand for computer-aided manufacturing software is due to its high efficiency of performing a task along with eliminating human errors. Moreover, the rising industrialization and technological advancements in numerous industries are boosting the global computer aided manufacturing market. Thus, with the development in various industries, CAM software is being adapted to automate the manufacturing process and reduce wastage. Furthermore, the positive initiatives taken by governments to support automation and digitalization and increasing manufacturing companies are further anticipated to fuel the computer aided manufacturing market. However, high setup and operating costs may limit the computer aided manufacturing market globally in the years ahead.

Global Computer Aided Manufacturing Market

The component segment of the market consists of solution and services. On the basis of organization size, the computer aided manufacturing market is segregated into large enterprises and small and medium-sized enterprises. Based on deployment, the computer market includes on-premises and cloud. On the basis of industry vertical, the market includes automotive, aerospace and defense, industrial equipment, high-tech, medical devices and components, and energy and utility. The defense sector is likely to dominate the global market in the years ahead. Moreover, automobile companies are one of the major market contributors, as CAM is widely used for cutting seat covers, painting, and coating automobiles. Therefore, the rising investments made in the automotive sector are anticipated to further drive this segment’s growth over the forecasted timeframe.

North America is predicted to generate notable revenue in the global computer aided manufacturing market in the years ahead, owing to the numerous businesses and their early adoption of CAM. The Asia Pacific region is expected to register the highest rate of market growth in the future, due to flourishing retail and manufacturing sectors and the rising number of engagements, such as partnership, merger and acquisition, etc., by various companies.

Some major players of the global computer aided manufacturing market are Hexagon, Autodesk, 3D Systems, Dassault Systemes, Siemens, BobCAD-CAM, CNC Software, HCL, Open Mind Technologies, PTC, and DP Technology.

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