Press release
3D CAM Software Market will reach at $6777 million by 2032, by Keyplayers and Vendors:Leica Geosystems, DP Technology, CNC-Step, BLM Group, SolidWorks, ALMA, 3D Systems, Haco, WFL Millturn Technologies, SIEMENS, SARIX, FARO, HOMAG, APM, NovAtel, Dantec Dy
Computer Aided Manufacturing Market Statistics: 2032. The global computer aided manufacturing market size was valued at $2,224 million in 2021, and is projected to reach at $6777 million by 2032, growing at a CAGR of 9.4% from 2021 to 2032. CAM software is used to design a product and program manufacturing processes such as CNC machining. It is an electronic information system, which includes predictions about arrival and departure times of travel. It utilizes models formed in computer assisted manufacturing to generate toolpaths, which drives machine tools to convert design into physical parts. It is used to manufacture prototypes, production runs, and finished parts3D CAM Software market competition by TOP Players are: Leica Geosystems, DP Technology, CNC-Step, BLM Group, SolidWorks, ALMA, 3D Systems, Haco, WFL Millturn Technologies, SIEMENS, SARIX, FARO, HOMAG, APM, NovAtel, Dantec Dynamics, Ghines Group srl
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By application, the global CAM market share was dominated by the machine tool industry segment in 2020, and is expected to maintain its dominance in the upcoming years. This is attributed to benefits of CAM software for machine tool industry such as faster machining cycles, machining of elements by non-machining experts, higher quality finishing, increased operator productivity, improved material utilization, and longer tool life.
North America dominated the market, and is expected to maintain its dominance during the forecast period, owing to increase in investments in the U.S. infrastructure industry, especially for designing and engineering software. In addition, technological advancements in architecture, engineering, and construction (AEC) industry drives computer aided manufacturing market growth in North America. However, Asia-Pacific is expected to observe highest growth rate during the computer aided manufacturing market forecast period, owing to proliferation of advanced technologies such as additive manufacturing, advanced robotics, industrial internet of things (IIOT), and augmented reality.
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Top impacting factors
Factors such as rise in use of CAM software in packaging machinery, surge in industrialization, and increase in investments of R&D activities in the CAM market drives growth of the market. However, availability of free and open-source CAM software is expected to impede the market growth. Conversely, increase in adoption of cloud-based solutions and technological advancements in CAM software are expected to present major opportunities for the market expansion in the future.
Rise in use of computer aided manufacturing software in packaging machinery
Major factor that propels growth of the CAM market includes surge in adoption of CAM software in packaging machinery. Packaging machinery helps to complete various phases of packaging process such as filling, wrapping, strapping, and labelling. As packaging machines are becoming increasingly complex with higher efficiency demand, engineers and designers are adopting CAM software to face unique mechatronic engineering challenges. CAM software offers an innovative tool, which is expected to increase productivity and reduce overall cost per package. Moreover, emergence of smart packaging is expected to fuel growth of the Computer aided manufacturing market in packaging machinery as designers are streamlining communication between electrical engineering controls and mechanical systems through CAM integrated product development solutions.
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The market share (by revenue) for the public players will be based on the information available in the public domain, and for the private players, such information will be provided on best effort basis, which will entirely be based on primary interviews and latest developments of the companies
On the basis of product, the 3D CAM Software market research displays the revenue, price, market share and growth rate of each type, primarily split into,
Cloud-Based 3D CAM Software, On-Premised 3D CAM Software.
On the basis of the end users, the 3D CAM Software market research focuses on the status and outlook for major applications, consumption (sales), market share and growth rate for each application, including
Reverse Engineering, Machining, Manufacturing, Others
The U.S. Market is Estimated at $9.6 Billion in 2022, While China is Forecast to Reach $6.6 Billion by 2026
The Engineering Software (CAD, CAM, CAE, AEC, & EDA) market in the U.S. is estimated at US$9.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.6 Billion by the year 2026 trailing a CAGR of 12.2% over the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 9.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR. North America and European regions represent key markets, due to increasing penetration of CAD and CAM software across diverse industries.
The rising implementation of cloud-based software solutions, introduction of new applications for smart phones and tablets, and growing acceptance of CAD software within the defense and aerospace industry for prototyping, enabling engineers to create, develop and refine aircraft designs, are expected to bolster growth.
Growth in the Asia-Pacific region is driven by rapid industrialization along with investment in IT infrastructure. These engineering software solutions are anticipated to find increasing penetration in the manufacturing and construction sectors.
Architecture, Engineering & Construction (AEC) Segment to Reach $10.7 Billion by 2026
Architectural, Engineering & Construction (AEC) software is meant for the industry comprising the residential and non-residential structures and general infrastructure. The AEC tools help engineers, designers and contractors in supporting projects from an early stage design to construction.
The software and tools enable creation of high-performing and high-quality infrastructure and building designs resulting in optimized projects, maximized constructability and better project co-ordination. In the global Architecture, Engineering & Construction (AEC) segment, USA, Canada, Japan, China and Europe will drive the 9.3% CAGR estimated for this segment.
These regional markets accounting for a combined market size of US$5.3 Billion will reach a projected size of US$9.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2026.
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