Computer-Aided Manufacturing

Computer-Aided Manufacturing

Global Computer-Aided Manufacturing Market to Reach US$6.8 Billion by 2030

The global market for Computer-Aided Manufacturing estimated at US$3.5 Billion in the year 2023, is expected to reach US$6.8 Billion by 2030, growing at a CAGR of 9.7% over the analysis period 2023-2030. CAM Solutions, one of the segments analyzed in the report, is expected to record a 9.5% CAGR and reach US$5.2 Billion by the end of the analysis period. Growth in the CAM Services segment is estimated at 10.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 11.8% CAGR

The Computer-Aided Manufacturing market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$749.2 Million by the year 2030 trailing a CAGR of 11.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.9% and 9.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Global Computer-Aided Manufacturing Market - Key Trends & Drivers Summarized

Computer-Aided Manufacturing (CAM) is a sophisticated technology used to control machinery and tools in the production of goods, allowing for highly precise and efficient manufacturing processes. CAM systems utilize computer software to create detailed instructions that direct the operations of machine tools and related equipment. These systems are integral to modern manufacturing, facilitating tasks such as milling, turning, cutting, and additive manufacturing. By converting digital designs into physical products with high accuracy, CAM ensures that complex parts and assemblies can be produced consistently and with minimal human intervention. Industries such as automotive, aerospace, and consumer electronics rely heavily on CAM to produce parts that meet stringent quality and performance standards.

The evolution of CAM has been significantly influenced by advancements in computer technology, software development, and integration with other computer-aided systems such as Computer-Aided Design (CAD) and Computer-Aided Engineering (CAE). Modern CAM systems are often integrated with CAD software, enabling seamless transition from design to manufacturing. This integration allows for real-time adjustments and optimizations, reducing lead times and improving product quality. Additionally, advancements in machine learning and artificial intelligence are beginning to impact CAM by enabling predictive maintenance, process optimization, and adaptive control mechanisms. The rise of additive manufacturing, or 3D printing, has also expanded the scope of CAM, allowing for the creation of complex geometries that would be difficult or impossible to achieve with traditional subtractive methods.

The growth in the Computer-Aided Manufacturing market is driven by several factors. The increasing complexity of product designs and the demand for high precision in manufacturing are major drivers, pushing industries to adopt advanced CAM solutions. The market is poised to receive a major boost from rapid industrialization along with the industrial automation trend and ongoing technological innovations in the manufacturing industry. Moreover, the emergence of Industry 4.0 coupled with the Industrial Internet of Things (IIoT) is bound to create the demand for CAM as these technologies are anticipated to make manufacturing machines connected and smart. Technological advancements, particularly in software and machine tool capabilities, have made CAM systems more accessible and effective for a wide range of applications. The shift towards automation and the Industrial Internet of Things (IIoT) is also promoting the adoption of CAM, as these systems are integral to the implementation of smart manufacturing practices. Furthermore, the need for rapid prototyping and shorter product development cycles is encouraging the use of CAM to streamline manufacturing processes. Additionally, the growing emphasis on sustainability and waste reduction is driving the adoption of CAM technologies that optimize material usage and energy consumption. These factors, combined with ongoing research and development efforts, highlight the dynamic and evolving nature of the CAM market.

Select Competitors (Total 51 Featured) -

• BenQ Corporation
• 3D Systems Inc. (USA)
• Creaform, Inc.
• Hexagon AB
• CAXA Technology Co., Ltd.
• CNC Software, Inc.
• exocad GmbH
• Alma
• Bocad Group of Companies
• Custom Automated Prosthetics
• Cutting Edge Water Jet Service
• Diamondsmith
• Kelyniam Global
• Innova Systems UK Ltd.
• Graebert GmbH

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.