Global Computer Aided Manufacturing Market To Reach $ 4.6 Billion By 2026
FACTS AT A GLANCE
Editing: 6; Posted: May 2021
Executive pool: 527
Companies: 51 – Players covered include 3D Systems, Inc .; Autodesk, Inc .; BenQ Asia Pacific Corporation; BobCAD-CAM, Inc .; Camnetics, Inc; CAXA TECHNOLOGY CO., LTD. ; Dassault Systèmes; GRZ SARL SOFTWARE; Hexagon AB (Sweden); Mastercam (CNC Software, Inc.); MecSoft Corporation; NTT DATA ENGINEERING SYSTEMS Corporation; OPEN MIND Technologies; CTP; Schott Systeme GmbH; Siemens; SmartCAMcnc; SolidCAM; ZWSOFT CO., LTD. and others.
Blanket: All major geographies and key segments
Segments: Component (Solutions, Services); Deployment (onsite, Cloud0; end use (automotive, aerospace and defense, industrial equipment, medical devices and components, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; India; South Korea; Rest of Asia Pacific; Latin America; Brazil; Rest of Latin America; Middle East; Africa.
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Global Computer Aided Manufacturing Market To Reach 4.6 billion dollars by 2026
Computer Aided Manufacturing or CAM is an application technology that uses computer machinery and software to facilitate and automate different manufacturing processes. In the modern industrialized world, FAO has become an indispensable part of people’s lives. CAM is currently used alongside CAD (Computer Aided Design) to achieve more streamlined and improved manufacturing, greater machine automation, and more efficient designs. The growth of the global market is expected to be driven by increasing adoption in end-use industries, rapid industrialization, trend towards industrial automation and technological advancements. The market is expected to benefit from the increasing use of CAM in the automotive and aerospace sectors. In addition, the emergence of Industry 4.0 coupled with the Industrial Internet of Things (IIoT) is sure to create demand for CAM, as these technologies are expected to make manufacturing machines connected and intelligent. CAM is also increasingly used in the medical industry, particularly in dental applications. Subtractive milling is a popular CAM protocol in dentistry as it presents an efficient option for fabricating facial and oral prostheses.
In the midst of the COVID-19 crisis, the global computer-aided manufacturing market is estimated to be US $ 2.9 billion in 2020, is expected to reach a revised size of 4.6 billion US dollars by 2026, with a CAGR of 8.4% over the analysis period. Solutions, one of the segments analyzed in the report, is expected to grow at a CAGR of 8.2% to reach US $ 4 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Services segment is readjusted to a revised CAGR of 9.1% 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 the market share as the easy integration of CAM solutions with design tools helps engineers implement changes and increase manufacturing efficiency. Cloud-based services are receiving considerable attention due to their ability to reduce costs and provide scalable and flexible access to desired solutions.
The US market is estimated at $ 1 billion in 2021, when China is expected to reach $ 492.5 million by 2026
The market for computer-aided manufacturing in the United States is estimated at US $ 1 billion in 2021. The country currently represents a 34.63% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 492.5 million during the year 2026, with a CAGR of 10.5% during the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 6.9% and 8% respectively over the period of analysis. In Europe, Germany is expected to grow by around 7.6% CAGR while the rest of the European market (as defined in the study) will reach US $ 549.4 million at the end of the analysis period. North America occupies the leading position in the global market, due to the increasing adoption of cloud-based CAM platforms to facilitate manufacturing and automate production, and the growing shift to smart factory and industry 4.0. Following
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