Dublin, Aug. 29, 2022 (GLOBE NEWSWIRE) -- The "Computer-Aided Manufacturing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Computer-Aided Manufacturing estimated at US$3.2 Billion in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 8.4% over the analysis period.
Solutions, one of the segments analyzed in the report, is projected to grow at a 8.2% CAGR to reach US$4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 9.1% CAGR for the next 7-year period.
This segment currently accounts for a 20.7% share of the global Computer-Aided Manufacturing market. CAM solutions dominate market share as the easy integration of CAM solutions with designing tools helps engineers in implementing changes and increasing manufacturing efficiency. Cloud-based services are garnering considerable attention owing to their ability to reduce costs and provide scalable, flexible access to desired solutions.
The U.S. Market is Estimated at $1.1 Billion in 2022, While China is Forecast to Reach $492.5 Million by 2026
The Computer-Aided Manufacturing market in the U.S. is estimated at US$1.1 Billion in the year 2022. The country currently accounts for a 34.63% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$492.5 Million in the year 2026 trailing a CAGR of 10.5% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR while Rest of European market (as defined in the study) will reach US$549.4 Million by the end of the analysis period. North America enjoys the leading position in the global market, owing to increasing uptake of cloud-based CAM platforms to aid manufacturing and automate production, and increasing shift towards smart factory and Industry 4.0.
Select Competitors (Total 51 Featured):
- 3D Systems, Inc.
- Autodesk, Inc.
- BenQ Asia Pacific Corporation
- BobCAD-CAM, Inc.
- Camnetics, Inc
- CAXA TECHNOLOGY CO., LTD.
- Dassault Systemes
- GRZ SOFTWARE LLC
- Hexagon AB (Sweden)
- Mastercam (CNC Software, Inc.)
- MecSoft Corporation
- NTT DATA ENGINEERING SYSTEMS Corporation
- OPEN MIND Technologies
- PTC
- Schott Systeme GmbH
- Siemens
- SmartCAMcnc
- SolidCAM
- ZWSOFT CO., LTD.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Industrial Activity Remains Subdued Amidst the Pandemic
- Global PMI Index Points for the Years 2018, 2019 & 2020
- Computer-Aided Manufacturing - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- An Introduction to Computer-Aided Manufacturing (CAM)
- Major Components of CAM
- Advantages of CAM
- CAD vs CAM
- Major End-Use Industries of CAM
- Global Market Prospects & Outlook
- CAM Solutions & Cloud Deployment: Key Segments of Computer-Aided Manufacturing Market
- Automotive Remains Major End-Use Industry Vertical
- North America Commands Majority Stake in Computer-Aided Manufacturing Market
- Competition
- Popular CAD/CAM Tools
- Noteworthy Startups in the Computer-Aided Manufacturing Space
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Myriad Benefits of Computer-Aided Manufacturing (CAM) to Boost Adoption in Varied Industries
- Key Professions Using CAM
- Industrialization and Rapid Pace of Industrial Automation to Propel CAM Adoption
- COVID-19 Mandates Additional Automation Changes to Plant Floor & Factory Operations
- CAM Systems Continue to Bring Forth Major Manufacturing Process Changes
- Digitalization and the Future of Machining
- Automation of Manufacturing Processes Using CAM Technology
- CAM: A Critical Technology Enabling Innovations in Machine Tools
- Global Machine Tools Market Size (in US$ Thousand) by Region/Country: 2020 & 2027
- Industry 4.0 and Adoption of IoT in Manufacturing Sector to Drive Use of CAM Technology
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- Significant Impact of IoT Impacts on Engineering Software Market
- Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
- Automobile Industry Emerges as a Key End-use Market for CAM
- World Automobile Production in Million Units: 2008-2022
- Aerospace & Defense Industry: Important Role of CAM in Creating High-Precision Components
- COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020E
- Global Airlines Performance by Region: 2020 Vs 2019
- Electronics Industry Extends Opportunities for the CAM Market
- Supply Chain Disruptions Impact a Large Number of Electronic Manufacturers: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020
- Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Medical Industry's Focus on Creating Advanced Equipment & Components To Fuel Need for CAM Solutions
- CAD/CAM Technology Transforms Dentistry
- CAD/CAM-based Digital Prosthetic Workflows Garner Notable Attention amid COVID-19 Pandemic
- Growing Prominence of Digital Orthodontics Fuels Adoption of CAD/CAM Solutions
- Strong Opportunities in Orthopedic Implant Manufacturing over the Long Term
- CAM to become Critical for Construction Design
- CAM Software Market to Make Robust Gains
- Rising Adoption of 3D Printing Augurs Well for the Market
- Adoption of Cloud-based CAM Solutions Continues to Gain Strength
- Technology Innovations in CAM Technology to Expand Market Opportunities
- CAD/CAM to be the Future for SMEs
- Major Drawbacks of CAM Technology Challenges Market Adoption
- Concerns Hindering Optimization of CAD and CAM Technologies: Possible Solutions
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/y6vcl6
