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Computer-Aided Manufacturing Software Market Overview
The global computer-aided manufacturing (CAM) software market is projected to witness notable growth during the forecast period (2020–2030). CAM software refers to a platform that utilizes computer software and machinery, in order to automate the manufacturing process within an enterprise. It is used to control machines, by performing computerized processes, such as milling, cutting, and roughing.
Major factors driving the market are growing demand for integrated CAM/computer-aided design (CAD) capabilities on a single platform; high utilization of CAM solutions by the machine tools industry; vast adoption of cloud technologies; increasing need for automated manufacturing process; surging requirement for faster production process; rising consumer demand for improved designing of products; and growing application areas of CAM software, including woodturning, spinning, screw threading, and glass working.
The computer-aided manufacturing software market on the basis of design type is bifurcated into 2D and 3D. Of these, the 3D category is projected to witness faster growth during the forecast period. This is mainly due to fast product designing, enhanced model quality, and ability to build additional surface levels within the product design. Hence, the market is expected to witness significant growth in coming years.
The computer-aided manufacturing software market in terms of enterprise is classified into large enterprises, and small and medium enterprises (SMEs). Of the two, the large enterprises category held the larger share in the market in 2019, which is attributed to increasing need for optimized manufacturing processes, surging focus toward planning and control of products, and rapid demand for utilizing real-time information related to the production processes, in order to reduced cost and save time.
The computer-aided manufacturing software market based on deployment is categorized into cloud and on-premises. Of these, the cloud category is expected to witness faster growth, owing to vast adoption of cloud computing services, simplified file sharing process, and growing demand for cloud-powered integrated tool for product designing and development.
The computer-aided manufacturing software market based on industry is classified into aerospace & defense, automobile, shipbuilding, machine tools, and others, including railway and construction. Among these, the aerospace & defense industry is expected to register fastest growth during the forecast period. This is mainly attributed to growing demand for high-performance cutting (HPC) & high-speed cutting (HSC) functions; reduced machining and programming time; and growing utilization of CAM software for various processes, such as 5-axis milling mil-turn, and automated CNC programming for pockets and holes in machines.
Geographically, North America held the largest share in the computer-aided manufacturing software market in 2019, owing to increasing focus on digital industrial technology (Industry 4.0); adoption of advance technologies, such as internet of things (IoT), cloud computing, and machine learning (ML), in business processes; emphasis toward improving the productivity of the organization; increasing preference for smart packaging techniques; and high utilization of CAM software by the aerospace and defense industry.
However, Asia-Pacific (APAC) is expected to register fastest growth during the forecast period. This is mainly due to increasing manufacturing capabilities of several industries, rapid adoption of cloud-based solutions, growing need for automated manufacturing activities, rising concentration on research and development (R&D) activities to enhance production process, and surging demand for streamlining the overall business operations.
Computer-Aided Manufacturing Software Market Dynamics
Increasing preference for cloud-supported CAM software is one of the key trends witnessed in the computer-aided manufacturing software market. Industries are increasingly shifting their entire business operations over the cloud network, due to various advantages, such as high data storage, automatic back-up of files, and flexibility toward data access. The need for cloud-powered computerized manufacturing process is growing, which supports enterprises in creating a secured hyperlink related to file access, developing and sharing of machine code, and easily integrating with existing CAD software. As a result, market players are focused toward introducing cloud-supported CAM solutions in order to cater the surging demand from industries.
For instance, in January 2020, Europe-based industrial manufacturing company, Siemens AG, announced the launch of NX CAM cloud-connected software, which is available on a subscription basis. Features of the software include ensuring data security and compliance; flexible subscription based on business requirement; and automated CNC programming, including volume-based programming and featured-based machining. The software also comprises wide range of CAM functions, such as machining simulation, dual-spindle turning, and 3+2 machining technique.
Computer-Aided Manufacturing Software Market Competitive Landscape
The players in the computer-aided manufacturing software market are gradually becoming competitive and focusing on adoption of growth strategies, such as product launches, merger and acquisitions, client wins, partnerships, and geographic expansions, in order to meet the growing requirement for CAM software and capture a larger customer base.
For instance, in June 2019, U.S.-based CAM/CAD technology company CNC Software Inc. (Mastercam) launched its new version of CAD/CAM software, Mastercam 2020. The software offers computer numerical control (CNC) programming, 3D tooling, improved machine configuration, and enhanced job preparation and setup time. These features provide increased machine productivity, enhanced programming efficiency, reduced production costs, and others.
Some of the major players operating in the global computer-aided manufacturing software market are Autodesk Inc., Siemens AG, Bricsys NV, Dassault Systèmes SE, CNC Software Inc. (Mastercam), ZWSOFT Co. Ltd., CAXA Technology Co. Ltd., SolidCAM GmbH, Hexagon AB, PTC Inc., MecSoft Corporation, and OPEN MIND Technologies AG.
The report also covers a country-wise analysis of the computer-aided manufacturing software market. The major countries covered in the report are the U.S., Canada, France, Germany, the U.K., Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Mexico, South Africa, Turkey, Saudi Arabia, and the U.A.E.
Computer-Aided Manufacturing Software Market Segmentation
Segmentation by Design Type
Segmentation by Enterprise
Segmentation by Deployment
Segmentation by Industry
Segmentation by Region