Global Computer-Aided Manufacturing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2027

Introduction:

Computer-aided manufacturing is used in many applications and is referred as the use of numerical control computer software applications to generate or create detailed instructions (G-code) that later drives to computer numerical control machine tools for manufacturing parts. As these computer-aided manufacturing produce high quality parts many manufactures depend on CAM. Computer-aided manufacturing is used for manufacturing plan for tooling design, computer-aided design (CAD) model preparation, NC programming, coordinate measuring machine (CMM) inspection programming, machine tool simulation, or post-processing. CAM is the successor of computer-aided engineering (CAE) and is often used in tandem with computer-aided design (CAD). Modern computer-aided manufacturing consists of real-time controls and robotics.

Market Dynamics:

Growing demand for computer-aided manufacturing tools in various sectors such as automobiles, aerospace & defence coupled with rapid industrialization and growing use of CAM software in packaging machinery, and others verticals are major factors expected to drive growth of the global computer-aided manufacturing market. In addition, rising adoption of cloud technologies is one of the other factor expected to drive growth of the global computer-aided manufacturing market. Furthermore, increasing government support for digitalization and automation of various products manufacturing companies is expected to drive revenue growth of the target market. However, availability of open-source, free CAM software, and high costs of computer-aided manufacturing software are major factors expected to restraint growth of the global target market over the forecasted period.

Trends:

Major players in the target market are focusing on collaborating with various players in order to develop a novel computer-aided manufacturing software by using various advance technologies. This is among some ongoing trend observed in the global computer-aided manufacturing market, currently.

Regional Analysis:

North America market is estimated to account for highest revenue share in the global computer-aided manufacturing market over the forecast period, owing to growing adoption of cloud technologies and rising adoption of computer-aided manufacturing software in countries in the region. Asia Pacific market is expected to account for the second-highest revenue share in the global computer-aided manufacturing market, due to rising adoption of computer-aided manufacturing software in many industries in the countries in the region. The market in Europe is projected to register fastest growth rate in terms of revenue due to rising adopting of new technologies related to computer-aided manufacturing coupled with government funding for carrying out various R&D activities in the countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to register moderate growth rate over the forecast period. Revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% in the global computer-aided manufacturing market over the forecast period.

Global Computer-aided Manufacturing Market Segmentation:

By design type:

• 2D
• 3D

 By application:

• Aerospace & Defence Industry
• Shipbuilding Industry
• Automobile & Train Industry
• Machine Tool Industry
• Others (includes electromagnetism industry, chemical industry, etc.)

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa