(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Computer Aided Manufacturing (CAM) Market by Component (Solutions and Services) and by Application (Aerospace & Defense, Automobile, Shipbuilding, Machine Tool, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025'. According to the report, the global computer aided manufacturing (CAM) marketwas around USD 2,222 million in 2018 and is expected to reach approximately USD 3,626 million by 2025, at a CAGR of slightly above 7.24% between 2019 and 2025.
Computer-aided manufacturing (CAM) software uses computer-controlled machinery to program various manufacturing processes. CAM assists designers, architects, and engineers to design and manufacture objects for all operations of a manufacturing plant. This process includes planning, management, transportation, and storage, specifically by using computer numerical control (CNC) machining. 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. The plan is then executed in a production environment, such as CNC machining, direct numerical control (DNC), tool management, or CMM execution. The growing need for high efficiency, better accuracy, and increased consistency in the manufacturing process of various parts has augmented the demand for computer-aided manufacturing software significantly. 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.
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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 in 2018. By application, the global computer aided manufacturing (CAM) market is categorized into aerospace and defense, automobile, shipbuilding, machine tool, and others. The machine tool segment held the largest market share in terms of revenue in 2018.
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By geography, North America was the leading region in terms of revenue for global computer aided manufacturing (CAM) market in 2018. This regional growth was due to the early adoption of advanced technology in the manufacturing process. The U.S is the leading country in the North American market. Europe was another leading region in the global computer aided manufacturing (CAM) market in 2018. The Asia Pacific computer aided manufacturing (CAM) market is likely to emerge as the fastest growing region over the analysis time period. Latin America and the Middle East and Africa are expected to register noticeable market growth in the future.
Some prominent players operating in the global computer aided manufacturing (CAM) market are Autodesk, Dassault Systèmes, SolidCAM, Mastercam, EdgeCAM, GRZ Software, BobCAD-CAM, ZWCAD Software, Cimatron Group, Camnetics, MecSoft Corporation, and Siemens PLM Software.
This report segments the global computer aided manufacturing (CAM) market into:
Global Computer Aided Manufacturing (CAM) Market: Component Analysis
Global Computer Aided Manufacturing (CAM) Market: Application Analysis
- Aerospace and Defense
- Automobile
- Shipbuilding
- Machine Tool
- Others
Global Computer Aided Manufacturing (CAM) Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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