CAM Software Market Analysis by End User (Automotive, Aerospace, Shipbuilding, and Others); by Design Type (2D, and 3D); and by Deployment Type (On-Premise, and Cloud)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

  • Product Code:
    RP-ID-10352458
  • Published Date:
    21 Oct 2022
  • Region:
    Global
  • Category:
    ICT & Telecom
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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Global CAM Software Market Scope Report

 

 Base Year 

2022

Forecast Year

2023-2033

CAGR

~6%

Base Year Market Size (2022)

 ~ USD 3.0 Billion

Forecast Year Market Size (2033)

~ USD 7.0 Billion

Global CAM Software Market Highlights Over 2023 - 2033

The global CAM software market is estimated to garner a revenue of USD 7.0 Billion by the end of 2033 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 3.0 Billion in the year 2022. The growth of the market can be attributed to the high adopting of 4.0 industry that is a digital transformation of production and related industries. Moreover, it improves the efficiency of organizations with a reduction in the cost. The digital transformation spending across the globe has reached more than USD 1 Trillion in the year 2020.

 

CAM-Software-Market-Overview

 

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Computer-aided manufacturing (CAM) refers to the use of software for controlling machine tools in the manufacturing of work pieces. It is also referred as the use of a computer to assist in the operations of a manufacturing plant through fastering the production process. Moreover, CAM software improves the efficiency of robots in the production process. Hence, rapid adoption of robots is anticipated to surge the growth of the global CAM software market. There have been more than 4,20,000 units industrial robots sold in the year 2018 across the globe.

Global CAM Software Market: Growth Drivers and Challenges

Growth Drivers

  • Surging Industrial Production– The repetitive work can be reduced with the support of designing the program of production process. Hence, it is projected to increase the growth of the global CAM software market. In India, industrial production increased by more than 2 per cent in July 2022

  • Growing Automation Process– Manufacturing industries are moving towards automation processes in order to boost their sales and streamline operations. Therefore, it is expected to drive the growth of the global CAM software market. More than 85 per cent of the hours spent in production occupations by employees are automatable.

  • Growing Adoption of Cloud Based Technology -More than 60 per cent of the organizations have shifted their workload to the cloud in the year 2020

  • Surging Spending on Research and Development – The surging spending on research and development supports innovation in the manufacturing process. Therefore, it is anticipated to increase the growth of the global CAM software market. For instance, global spending on research & development has reached nearly USD 1.7 Trillion in the year 2022.

Challenges

  • Lack of Technical Employees

  • High Cost for the Installation of CAM Software

  • Lack of Awareness Among the End Users

The global CAM software market is segmented and analyzed for demand and supply by end user into automotive, aerospace, shipbuilding, and others. Out of these, the automotive segment is anticipated to hold the largest share over the forecast period owing to the rising manufacturing of new vehicles for sale across the globe. As per the European Automobile Manufacturers’ Association, nearly 79.1 Million motor vehicles were produced worldwide in the year 2021.

Global CAM Software Market Regional Synopsis

Regionally, the global CAM software market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of surging investment in engineering and designing software. Moreover, increasing adoption of industrial robots is further expected to boost the growth of the market in the region. Nearly 242,000 robots were installed in China in the year 2020.

Market Segmentation

Our in-depth analysis of the global CAM software market includes the following segments:

By End User

  • Automotive

  • Aerospace

  • Shipbuilding

  • Others

By Design Type

  • 2D

  • 3D

By Deployment Type

  • On-Premise

  • Cloud

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Key Companies Dominating the Global CAM Software Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global CAM software market that are included in our report are SAP SE, Bentley Systems, Inc., Ansys, Inc., Autodesk, Inc., Vectorworks, Inc., Siemens Industry Software Inc., Hexagon AB, Rockwell Automation, Inc., PTC Inc., AVEVA Group plc, and others.

Global CAM Software Market: Latest Developments

  • June, 2018: Bentley Systems, Inc., announced the collaboration with Siemens in order to find the process industries academy for driving digital enterprise.

  • August, 2021: Hexagon AB has unveiled HxGN Robotic Automation, pioneering robotic programming and control software that enables non-specialist quality professionals to program industrial robots to perform fully automated quality inspection.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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  1. SSAP SE 
  2. Bentley Systems Inc. 
  3. Ansys Inc. 
  4. Autodesk Inc. 
  5. Vectorworks Inc.
  6. Siemens Industry Software Inc. 
  7. Hexagon AB 
  8. Rockwell Automation Inc. 
  9. PTC Inc. 
  10. AVEVA Group plc and others.
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