Computer-integrated Manufacturing Market Forecasts to 2030 – Global Analysis By Component (Hardware, Services, Software, and Other Components), Product (Computer-Aided Manufacturing, Computer-Aided Design, DM, Computer-Aided Engineering, Computer Aided Pr

Computer-integrated Manufacturing Market Forecasts to 2030 – Global Analysis By Component (Hardware, Services, Software, and Other Components), Product (Computer-Aided Manufacturing, Computer-Aided Design, DM, Computer-Aided Engineering, Computer Aided Process Planning, Flexible Manufacturing System, Automated Storage and Retrieval Systems, Computer Numerical Control, Computer Integrated Manufacturing Software and Other Products), Application and By Geography

According to Stratistics MRC, the Global Computer-integrated Manufacturing Market is accounted for $9.59 billion in 2023 and is expected to reach $18.60 billion by 2030 growing at a CAGR of 9.9% during the forecast period. The manufacturing approach, known as computer-integrated manufacturing (CIM), uses computers to manage the entire production process. CIM aims to improve efficiency, productivity, and flexibility in manufacturing operations. It offers numerous advantages, including increased automation, improved efficiency, enhanced quality, flexibility, and better integration across the manufacturing value chain. It enables manufacturers to respond quickly to market changes, reduce costs, and stay competitive in a rapidly evolving business environment.

According to the International Federation of Robotics (IFR), the adoption of robotics is expected to grow exponentially by the year 2025 owing to the increased functionality and applications in various fields.

Market Dynamics

Driver

Increase in CIM-Software-Learning-curve

The steep learning curve of CIM software is one of the key drivers supporting the computer integrated manufacturing market growth. The Management plays a major role in providing customer satisfaction and customer confidence. DM can be used for enhancing traceability in manufacturing processes. It provides detailed data regarding the list of operations performed using the parts and products made using these parts. Such steep learning of CIM software will drive market growth during the forecast period.

Restraint

Need for improved traceability

The need for improved traceability is one of the factors hindering the computer integrated manufacturing market growth. The education profile for CAD, DM, and CAM software is more significant. The complex and feature-rich software's end users are required to put in training programmes to prepare their staff to use it. Professionals must also receive sufficient training before implementing any system improvements.

Opportunity

Increasing use of abrasive jet cutting machines

One of the major market trends for computer-integrated manufacturing that encourages market expansion is the increasing use of abrasive jet cutting equipment. Software is a necessary component of the abrasive jet cutting system because it influences the system's productivity and usability. Full-featured software, such as CAD, cutting models, and also nesting, is provided by some of the manufacturers of abrasive jet cutting systems. These elements are boosting the need for abrasive jet cutting machines, which is driving market expansion.

Threat

High initial investment and maintenance costs of CAD, DM, and CAM software

CAD, DM, and CAM software typically require a significant upfront investment. The cost includes licensing fees, hardware requirements, and training expenses. Small and medium-sized enterprises (SMEs) may find it particularly challenging to allocate resources for these software packages, limiting their ability to implement CIM fully. In addition to the initial investment, there are ongoing costs associated with software maintenance, updates, and technical support. These expenses can be substantial, especially for complex software systems.

Covid-19 Impact

Due to the rapid adoption of automated systems in substantially all production processes, the worldwide computer-integrated market has previously seen significant expansion. However, the market will unexpectedly and drastically collapse in 2020, as a result of the sudden halt of almost all manufacturing businesses during this unexpected coronavirus epidemic. Similar to how there would be less product availability on the market due to partial closings of facilities worldwide. However, due to the widespread use of automated systems in the manufacturing facilities, the industry will significantly resume its rise.

The computer-aided manufacturing segment is expected to be the largest during the forecast period

The computer-aided manufacturing segment is expected to be the largest during the forecast period. Computer- aided manufacturing helps companies in reducing mistakes made during the development and production processes. The designing tool can be simply connected with computer-aided manufacturing market solutions, improving the ability to adapt to changes and boosting the effectiveness of manufacturing operations. Organisations can easily and quickly manage design changes because of the CAM solution. The CAM solution equips different stakeholders in an organisation, such as machinists, designers, and engineers, to complete their responsibilities successfully, hence reducing the total time required for a product's manufacturing.

The automotive segment is expected to have the highest CAGR during the forecast period

Companies are striving to use smart manufacturing technology in today's highly competitive automobile sector, in order to shorten the manufacturing process's time. Automobile producers place a strong emphasis on continuously enhancing their production methods through the implementation of various technical advancements to guarantee the delivery of high-quality goods. Automobile manufacturers and fabricators have been able to dramatically shorten production times and improve overall manufacturing efficiency because of technological advancements, cutting-edge machinery and equipment, and the use of CAM solutions. Additionally, the global market for computer-integrated manufacturing has benefited from the rising usage of smart technologies and Internet of Things (IoT) enabled solutions like connected fleet, connected fleet, connected logistics, and predictive maintenance.

Region with largest share

North America region is anticipated to have the largest share during the forecast period. North America is a significant hub for technological advancements and a leading user of new technologies. The use of cloud-based CAM solutions to improve manufacturing processes and automate production has increased in popularity in North America. Major players' presence in the area also contributes to the demand for and knowledge of CAM/CAD/CAE technologies. The necessity to track real-time data and enhance visibility and control over production activities has led to an increase in the adoption of IT and enabling technologies in process industries. The transition towards automated production, a well-established ecosystem for manufacturing practises, and ongoing R&D (Research and Development) investments by businesses that encourage innovation in their manufacturing processes are key growth drivers in North America.

Region with highest CAGR

Asia-Pacific region is anticipated to have the highest CAGR during the forecast period. In the Asia-Pacific (APAC) region, the computer integrated manufacturing (CIM) market is rapidly expanding, due to the growing need for automation and digitalization in the manufacturing sector. On the other hand, because to its rapid industrialization, government initiatives, and investments in smart manufacturing, China is predicted to experience significant development in the CIM market.

Key players in the market

Some of the key players in Computer-integrated Manufacturing market include Autodesk Inc., BobCAD-CAM Inc., Dassault Systemes SE, HCL Technologies Ltd., Makino Inc., PTC Inc., Tebis Technische Informationssysteme AG, CNC Software LLC, MecSoft Corp., Bentley Systems Inc., CAD Schroer GmbH, Graebert GmbH, Hexagon AB, NTT DATA Corp., Siemens AG, SolidCAM GmbH, ZWSOFTA Co. Ltd., OPEN MIND Technologies AG, and Makino Inc.

Key Developments

In June 2023, HCL Tech will establish a Microsoft Cloud Generative AI Center of Excellence (GenAI CoE) focused on developing industry-specific solutions leveraging the power of generative AI to offer personalized and data-driven experiences to customers, improve decision-making processes and drive business growth.

In March 2023, HCL Technologies, announced a partnership with Microsoft’s quantum cloud computing service, Azure Quantum. Through this partnership, HCLTech will offer businesses cloud-based quantum computing services to its clients, by using Microsoft’s platform as the technology stack.


Components Covered
• Hardware
• Services
• Software
• Other Components

Products Covered
• Computer-Aided Manufacturing
• Computer-Aided Design
• Digital Manufacturing
• Computer-Aided Engineering
• Computer Aided Process Planning
• Flexible Manufacturing System
• Automated Storage and Retrieval Systems
• Computer Numerical Control
• Computer Integrated Manufacturing Software
• Other Products

Applications Covered
• Aviation
• Automotive
• Ship Building Industries
• Electronics
• Pharmaceuticals
• Oil & Gas
• Food & Beverages
• Industrial Equipment
• Other Applications

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements