Overview

Computer-Aided Manufacturing Market is projected to value over USD 4.2 billion by 2027 end and grow at a CAGR of over 7% during the forecast period 2020 to 2027.

Computer-aided manufacturing (CAM) software is used across numerous industries such as automotive, industrial use, aerospace and others to automate their manufacturing process.
This software uses computer applications to express a manufacturing plan for computer-aided design (CAD) model preparation, tooling design, NC programming, machine tool simulation, or post-processing, and coordinate measuring machine (CMM) programming.

Furthermore, the growing demand for computer-aided manufacturing software in aerospace and automobiles sectors is also expected to propel the global computer aided manufacturing (CAM) market in the future. This software can easily produce efficient tool paths, better surface finish, and optimized tool axis tilts for higher feed rates, ideal cutting depth, and better tool life. However, the lack of versatility of CAM-enabled machines and the shortage of skilled operators and programmers may hinder the global computer aided manufacturing (CAM) market development.

The global computer aided manufacturing (CAM) market is categorized based on component and application. By component, the market is divided into solutions and services. The solution segment held the largest market share in terms of revenue. By application, the global computer aided manufacturing (CAM) market is categorized into aerospace and defence, automobile, shipbuilding, machine tool, and others. The machine tool segment held the largest market share in terms of revenue previously and is predicted to remain dominant during the forecast period.

By geography, North America was the leading region in terms of revenue for global computer aided manufacturing (CAM) market. This regional growth was due to the early adoption of advanced technology in the manufacturing process. Advancing technology and ready adoption by industries along with the increasing demand are expected to contribute to this regional market over the forecast period. Europe is also a high g rowth region for this market owing to the growing need for high efficiency, accuracy, and consistency in the manufacturing process in various industries. The Asia Pacific computer aided manufacturing (CAM) market is likely to emerge as the region growing at fastest CAGR primarily due to growing industrialization and increasing application of CAM software in packaging machinery. Furthermore, preferring IoT in the manufacturing sector, rising implementation of Industry 4.0, specific requirements of fCAM software for advanced industrial manufacturing systems are also responsible for the growth in the APAC region.

Major firms operating in the global market include Autodesk Inc, Mastercam, SolidCAM Ltd., EdgeCAM, ZWCAD Software Co., Ltd., GRZ Software, BobCAD-CAM, Inc., Cimatron Group and Camnetics, Inc.

Computer Aided Manufacturing Market Segmentation:
By Component
• Solution
• Services

By Organization Size
• Large Enterprises
• Small and Medium-Sized Enterprises

By Deployment Type
• On-Premises
• Cloud

By Industry Vertical
• Automotive
• Aerospace and Defense
• Industrial Equipment
• High-Tech
• Medical Devices and Components
• Energy and Utilities
• Others

By Region
• Europe
• North America
• APAC
• Latin America
• Rest of World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
.
FutureWise Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth

Objectives of the Study:
• To provide an exhaustive analysis on the global computer aided market by component, by organisation size, by deployment type, by industry vertical and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies