CAM Software Market is Expected to Reach $3,572 Million by 2025, With Top Leading Companies such as Autodesk Inc., Mastercam, SolidCAM Ltd., EdgeCAM, ZWCAD Software Co., Ltd., GRZ Software, BobCAD-CAM, Inc., Cimatron Group, Camnetics, Inc., MecSoft Corpor

Computer-aided manufacturing (CAM) is the use of software and computer-controlled machinery to automate the manufacturing processes. CAM software assists engineers, architects, designers in manufacturing and designing objects, specifically computer numerical control (CNC) machining. CAM is the resulting computer-aided process for computer-aided designing (CAD) and computer-aided engineering (CAE), since the model generated in CAD and tested in CAE can be input for CAM software, which helps control the machine tool. It is mainly used to control the operations in the manufacturing plant. Computer-aided manufacturing (CAM) software are used to program manufacturing processes, especially CNC machines. It uses assemblies formed to generate toolpath that drive machine tools to turn designs into physical parts.

The global CAM Software market was valued at $ 2,092 million in 2017, and is projected to reach at $3,572 million by 2025, growing at a CAGR of 7.00% from 2018 to 2025.

Rise in demand for sophisticated computer-aided manufacturing in various industries such as automobiles, aerospace & defense, and others drives the growth of the CAM Software market. Furthermore, surge in industrialization and increase in use of CAM software in packaging machinery drive the CAM market growth. In addition, rise in adoption of cloud technologies is expected to provide lucrative opportunities for the market growth. However, availability of open-source and free CAM software impede the growth of this market.

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The machine tool industry segment led the CAM market in 2017 and is expected to dominate in the near future. However, the aerospace & defense industry segment is expected to grow at a significant pace during the forecast period. Furthermore, Asia-Pacific is expected to show high growth rate, as it experiences the highest demand for CAM Software.

The report focuses on the growth prospects and restraints of the CAM market based on the analysis of regional trends. The study provides Porter’s Five Forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.

The global CAM software market is segmented based on design type, application, and region. By design type, the market is divided into 2D and 3D. Based on application, it is categorized into aerospace & defense industry, shipbuilding industry, automobile & train industry, machine tool industry, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global CAM Software market is dominated by the key players such as Autodesk Inc., Mastercam, SolidCAM Ltd., EdgeCAM, ZWCAD Software Co., Ltd., GRZ Software, BobCAD-CAM, Inc., Cimatron Group, Camnetics, Inc., MecSoft Corporation, Dassault Systèmes, and Siemens Product Lifecycle Management Software Inc.

Increased use of CAM software in packaging machinery, rise in industrialization, and surge in adoption of cloud-based solutions drive the demand for the CAM software market. However, availability of free and open-source CAM software hampers the growth of the market.

Increased Use of CAM Software in Packaging Machinery

The major factor that propels the growth of the CAM software market is the surge in adoption of CAM software in packaging machinery that helps to complete various phases of the packaging process. These phases include filling, wrapping, strapping, and labelling. As the packaging machines are becoming increasingly complex with higher efficiency demand, engineers and designers adopt CAM software to face unique mechatronic engineering challenges. CAM software offers an innovative tool, which is expected to increase the productivity and reduce the overall cost per package. Moreover, emergence of smart packaging is expected to fuel the growth of the CAM software market share in packaging machinery as designers streamline the communication between electrical engineering controls and mechanical systems through CAM integrated product development solutions.

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Rise in Industrialization

The rise in industrialization, which is mainly focused on digital innovations and incorporates elements such as automation, biotechnology, artificial intelligence (AI), the Internet of Things (IoT), and 3D printing, which is expected to increase the demand for CAM software as an important part of this new wave of technologies. Moreover, it has led to the emergence of quality checks and inspection agencies to examine the entire product development and production processes. This has led manufacturers to meet the requirements of regulatory bodies. Increase in need for meeting these rules and regulations fuel the demand to adopt 2D or 3D CAM software among product developers to create quality products. Furthermore, rise in need for product visualization and rapid prototyping in different industries are expected to provide lucrative opportunities for the market growth.

Availability of Free and Open-Source CAM Software

Availability of free and open-source CAM software is estimated to hinder the growth of the CAM software market in the coming years. Small & medium enterprises seek freeware, leading to widespread adoption of free and open source CAM, which is expected to impede the growth of the CAM software market in future.

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Rise in Adoption of Cloud-based Solutions

Major shift from proprietary software to cloud-based subscription is expected to provide lucrative opportunities for the growth of the market. The adoption of cloud-based solutions is expected to grow at a faster rate as it enables end users to reduce their overall implementation and ownership cost. Growth of cloud-based solutions is expected to come from new users drawn to the low-risk start-up value-proposition offered by a cloud-based application, and by cloud-based offerings replacing existing desktop software whose users are expected to be attracted to the operational flexibility enabled by cloud-based subscription models. Furthermore, to enhance their product, vendors of the CAM software offer additional features and launch new products, which are projected to boost the adoption of CAM software among the end users.

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