Computer Aided Manufacturing Market Global Trends, Market Share, Industry Size

Computer Aided Manufacturing Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Global Computer Aided Manufacturing Market is projected to value over USD 4.2 billion by 2026 end and grow at a CAGR of over 7% during the forecast period 2019 to 2026.

Computer-aided manufacturing (CAM) is a means of automating the manufacturing process through the use of software and computer-controlled machinery. CAM software finds extensive application across various industries. It assists engineers, architects and designers in manufacturing and designing objects, and simplifies their work. In specific spheres such as computer numerical control (CNC) machining, the market and its services play an imperative role  In computer-aided designing (CAD) and computer-aided engineering (CAE), computer-aided manufacturing (CAM) acts like the resulting aid, since the model generated in CAD and tested in CAE can be input for CAM software, which helps control the machine tool. The main function is to regulate the operations in the manufacturing plant. Employed especially in CNC machines, CAM uses the assemblies formed to generate toolpath that drives machine tools to turn designs into physical parts. 

The mounting rise in demand for sophisticated, efficient and quick computer aided manufacturing in various industries such as automobiles, aerospace & defence, and others drive the growth of the CAM software market. Additionally, the surge in industrialization and subsequent increase in the use of CAM software in packaging machinery drive the CAM market growth. The adoption of cloud services and technologies is further estimated to expand the market and provide lucrative trade opportunities globally. However, the availability of open-source and free CAM software restrain the market. Computer-aided manufacturing services have a wide functioning range for efficiently carrying out various tasks performed in the entire manufacturing process of an organization. Computer-aided manufacturing services help the major firms bridge legacy systems to modern applications, deliver the best experience to the engineer, mechanism, and manufacturers. 

Ongoing developments and initiatives to improve the existing technology are being undertaken thus assisting the growth of the global market. This motivates firms to be informed about the ongoing trends and the high investments in R&D seem lucrative and profitable for the market during the forecast period. 

Services Segment Projected to Thrive at the Highest CAGR During the Forecast Period
Services component is extensively used across industries or efficiency purposes as well as to provide the best possible experience to the manufacturers and the end-users. This has created opportunities for vendors to provide services to enterprises across different industry verticals and help them deal with complexities occurred while configuring the computer-aided manufacturing solution.

Automotive industry vertical is the fastest-growing segment and is steadily evolving to offer vehicles powered with advanced IT technologies, which can exceed customer expectations. Automobile manufacturing requires advanced technology and the use of computer-aided manufacturing solution enables automakers to maximise efficiency and time taken as well as satisfy the global demand of customers. For instance, automotive companies such as Bentley Motors (UK), Ford (US), and BMW (Germany) have adopted the computer-aided manufacturing technology to manufacture their car parts. With the increasing need for anti- counterfeiting technology, computer-aided services find great application in the industry given the extensive need for different, advanced as well as unique products. 

Europe is projected to garner the highest market revenue during the forecasted timeframe. It is the most advanced region in terms of adopting automation technologies and is a hub for the automotive industries thus creating the adequate need for computer-aided manufacturing solution and services. Europe region exhibits a wide presence of key industry players offering computer-aided manufacturing solutions and its financial position enables it to invest majorly in the leading tools and technologies for effective business operations.

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

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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

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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 by end-user 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

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About This Author

Akash DADHICH Joined: September 17th, 2019