|Status : Upcoming||Report Code : VRICT5057||Industry : ICT & Media||Available Format :|
The global computer aided manufacturing (CAM) software market is expected to record rapid growth during the forecast period. The growing need of CAM software in packaging machinery, increasing industrialization processes and the increasing adoption of cloud services are factors pertaining towards the growth of the computer aided manufacturing software market across the globe.
Computer Aided Machinery also known as CAM refers to the utilizes computers that help in assisting various manufacturing processes of a manufacturing unit such as storage, planning, storage, transportation, and management. It promotes a faster process of the production process, material consistency and tooling with precise options. CAM is highly demanded in the sectors such as automobiles, aerospace, and defense.
Insight by Technology Type
Based on technology type, the global computer aided manufacturing software market is categorized into 2D and 3D CAM, wherein 3D CAM category is expected to witness faster growth in the market during the forecast period. The growth of this category is attributed towards its increasing popularity among the population of various developed and developing economies. The 3D CAM do not require any frames of wire and utilize primitive shapes of solid. Moreover, it is beneficial for the user to use it to create additional surfaces and thereby significantly contributing towards the growth of CAM software market globally.
Insight by Industry User
On the basis of industry user, the global computer aided manufacturing software market is divided into shipbuilding, aerospace & defense, machine tool, automobile & train, and others. Among these categories, the aerospace & defense category is expected to witness the fastest growth in the market during the forecast period. It has been observed that in the aerospace & defense sector a large amount of accuracy is required to attain enhanced production efficiencies and accuracy in its operations. So, CAM software helps in predicting chip loads that are vital in removing large material applications thereby simplifying the process and enhancing the demand for CAM software market globally.
CAM software helps in predicting chip loads that are vital in removing large material applications thereby simplifying the process and enhancing the demand for CAM software market in this category globally.
The global computer aided manufacturing software market has been driven by several key factors, predominantly increasing industrialization, increasing use of CAM software in packaging machinery, and increasing adoption of cloud technologies.
It has been observed that increasing industrialization leads to more manufacturing activities and CAM technology is implemented by various business organizations to work in an effective and efficient manner.
CAM is being highly adopted in different types of manufacturing market as well as in the packaging industries. CAM is seeing a lot of advancements in the technology such as XML, cloud computing and quantum computing that has users to increase the portability in designs, easy access to designs through cloud computing and require less infrastructure.
Moreover, growing use of CAM software in packaging machinery increases the demand of computer aided manufacturing software substantially and the introduction of cloud computing makes it more efficient and easily accessible, therefore making the market grow at a rapid pace.
Complex functions and high-speed machining are hindering the growth of the computer aided manufacturing software market, globally. Moreover, high-speed machining requires the various techniques and further equipment that coordinate with the software manufacturing process which is another factor that is restraining the growth of computer aided manufacturing software market across the globe.
Globally, computer aided manufacturing software industry players are leveraging market growth through the development of innovative solutions in computer aided manufacturing software market.
Geographically, Asia-Pacific has accounted for the largest share in computer aided manufacturing software market by 2024, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the increasing industrialization process in the region and increasing adoption of cloud technology.
Key players in computer aided manufacturing software market are performing mergers and acquisitions in order to enhance their product offerings and further enable cost-effective seamless experience to its users. For instance, the merger of Siemens and Vistagy Inc. had added several new software packages to provide users with seamless business operations. Furthermore, companies like Autdesk are ready to capitalize their resources in the computer-aided manufacturing software market.
Some of the key players operating in the global computer aided manufacturing software market are Siemens AG (Siemens Plm Software, Inc., Bricsys NV, Caxa Technology Co. Ltd., Dassault Systems, Schott Systeme GmbH, PTC Inc., CNC Software Inc. (Mastercam) and ZWCAD Software Co. Ltd.