The global computer-aided manufacturing (CAM) market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2022-2028). The employment of software and computer-controlled gear to automate manufacturing operations is known as CAM. Engineers, architects, and designers can use CAM software which enables them to manufacture and design various objects. It constrains automated machines using geometrical design data. The market is expected to grow profitably as a result of the considerable move from proprietary software to cloud-based subscriptions. Cloud-based solutions are projected to gain traction faster, as they allow end-users to cut their overall implementation of the programmed manufacturing process. CAM is additionally, finding its way into the medical industry. Subtractive milling is currently the most extensively used CAM procedure in dentistry as it gives an alternative method of creating oral and face prostheses.
Due to the unprecedented rivalry from Japanese manufacturers, North America invests much in its efforts to stay competitive. When combined with pending government requirements on pollution management and safety, end-users are expected to be even more inclined to invest in solutions such as CAM. North America, for example, produced around 16.8 million vehicles in 2019, despite being in a three-year decline, according to OICA. This is due to rising production costs and supply chain changes.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-
- In June 2020, SolidCAM Ltd. revealed that in the wake of the COVID-19 pandemic and the resulting rise in mask demand, the company is assisting Chinese manufacturers in leveraging its multi-axis machining solution. Customers’ process flower rollers and cutter rollers are stimulated by this machining program, which ensures efficiency and safety.
- In February 2019, Siemens’ NX software has been updated to include new and improved capabilities for a variety of applications, including mold and die manufacturing, production machining, and multi-axis milling. Meanwhile, the integrated additive manufacturing functions enable users to design, prepare and print ground-breaking objects that would otherwise be difficult to produce using traditional methods.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– Autodesk Inc., SolidCAM Ltd., CNC Software, Inc., Siemens AG, and Dassault Systèmes SE, among others.
A full report is available at: https://orionmarketreports.com/global-computer-aided-manufacturing-market/107127/
Global CAM Market Report by Segment
By End-User
- Aerospace & Defense
- Automotive
- Medical
- Energy & Utilities
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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