CAM Software Market – Global Industry Analysis and Forecast (2022-2029)

CAM Software Market was valued at US$ 5.05 Bn. in 2029. Global CAM Software Market size is estimated to grow at a CAGR of 6.52 %.

CAM Software Market Overview:

CAM (Computer-aided manufacturing) is a manufacturing application technology that combines computer software and mechanical capabilities to enable a high level of production control and automation. It automates operations, including material tracking, planning, and transportation in manufacturing facilities across various sectors using computer-driven manufacturing processes. The main goal of CAM software is to make production processes and components faster, as well as to give more precise measurements and material consistency. To design the product and program the production process, precisely CNC machining, CAM software is employed.CAM Software MarketTo know about the Research Methodology :- Request Free Sample Report

CAM Software Market Dynamics:

The report's scope covers a complete analysis of global and regional markets for Global CAM Software Market, as well as the reasons for variances in the industry's growth in various regions. CAM Software Will Become More Widely Used In Packing Machinery: The rise in the application of CAM software in packing machines is the major reason driving the growth of the CAM software market. Wrapping, filling, labelling, and strapping are just a few of the steps in the packaging process that packaging machinery assists with. Designers and engineers are using CAM software to address specific mechatronic engineering difficulties as packing machines become more complicated with increasing efficiency demands. CAM software is a cutting-edge solution that is expected to boost production while lowering overall package costs. Furthermore, the rise of smart packaging is likely to propel the CAM software market in packaging machinery forward. Increased Use of CAM Software in Various Industry Verticals, as well as Cloud Adoption: As a result of the increase in industrialisation, CAM software is now widely used for precision and cost-effective design. At May 2021, General Motors announced plans to invest $170 million in the Oshawa plant in Canada, which will enable the facility to transition from vehicle manufacture to stamping, sub-assembly, and autonomous vehicle testing. CAM software handles big assemblies and does engineering analysis and computer numerical control code creation utilising 3D part modelling. Many businesses, particularly those in the manufacturing industry, are now leveraging developing cloud and IoT technologies to streamline operations and boost sales. Free and open-source CAM Software Is Available: In the coming years, the availability of free and open-source CAM software is expected to hinder the CAM software market's growth. Small and medium-sized businesses are looking for freeware, which has led to widespread acceptance of free and open-source CAM, which is predicted to hinder future growth in the CAM software market globally. CAM Software Market Segmentation: The report will provide an accurate prediction of the contribution of the various segments to the growth of the CAM Software market size. The 3D Segment is Hold Major Share of 73.1% by 2029. Based on Design Type, the 3D segment was valued at US$ xx Bn. in 2021 and is expected to reach US$ xx bn. by 2029 at a CAGR of 7.45% over the forecast period. The CAM software market is divided into two groups based on model, with 3D CAM software (solid modelling, surface modelling, sculpting, and others) having the most applications and a market share of roughly 73.1% by 2029. Covid-19 has had a huge impact on the manufacturing sector, resulting in a stronger use of automation in 2021, as well as an increase in the use of CAM software as massive assemblies are handled. Hexagon AB, a developer of sensor, software, and autonomous solutions, agreed to buy DP Technology Corporation in October 2021. Hexagon is about to deliver high-performance CNC machine programming, optimization, and simulation to precision manufacturing applications as a result of this acquisition. Through AI-based algorithms and the elimination of manual data input, this technology will give machine operators with increased assurance.

CAM Software Market Reginal Insight:

The report offers a brief analysis of the major regions in the market, namely, Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

North America is an Emerging Market:

North America is expected to hold the largest 38.9% growth rate by 2029. Thanks to the huge number of CAM software distributors and resellers in the United States, the region is expected to dominate the worldwide CAM software market throughout the forecast period. To meet end user expectations, leading market suppliers are providing modern CAM software that supports both stand-alone and plug-in types for Windows and MAC operating systems. The growing acceptance rate of industrial robotics in the US region is driving expansion, and CAM use has expanded dramatically in recent years. CAM has contributed in the advancement of robotics efficiency since the debut of industrial robots. The region's growth is being fuelled by a shift toward automated production, an established manufacturing ecosystem, and firms' ongoing R&D investments to drive innovation into their manufacturing processes. Because of the rising cost of labour in the United States, manufacturers have been forced to adopt automation to cut costs. The dangers connected with human labour are considerably reduced when CAM software is used. Competitive Landscape: The MMR report also focuses on global major leading industry players of global CAM Software market providing information such as company profiles, production, cost, and revenue. For example,  In Jan 2021, Open Mind Technologies Benelux BV acquired CNC-Consult & Automation BV, the company is set to work as usual without any modification.  In Nov 2021, Cimatron and GibbCAM were acquired by Battery venture L.p from 3D Systems Corporation. The acquisition aimed to join Cimatron and GibbsCAM with Battery-backed SigmaTEK Systems, a CAD/CAM software provider to proposal a diverse set of design and machining software solutions. The objective of the report is to present a comprehensive analysis of the global CAM Software Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the CAM Software Market dynamic, structure by analyzing the market segments and projecting the CAM Software Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the CAM Software Market make the report investor’s guide.

Global CAM Software Market Scope: Inquiry Before Buying

CAM Software Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 3.05 Bn.
Forecast Period 2022 to 2029 CAGR: 6.52 % Market Size in 2029: US $ 5.05 Bn.
Segments Covered: by Application • Aerospace and Defense Industry • Shipbuilding Industry • Automobile and Train Industry • Machine Tool Industry • Others
by Design Type • 2D • 3D • Managed services

Global CAM Software Market, by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Global CAM Software Market, Key Players

• Autodesk • Mastercam • SolidCAM • EdgeCAM • ZWSoft • Bobcad • Cimatron • Camnetics • MecSoft • Siemens • Dassault Systemes • CNC Software • BobCAD-CAM • Hexagon • HCL Technologies • GRZ Software • Open Mind Technologies Frequently Asked Questions: 1] What segments are covered in the CAM Software Market report? Ans. The segments covered in the CAM Software Market report are based on Design Type, Application. 2] Which region is expected to hold the highest share in the CAM Software Market? Ans. North America region is expected to hold the highest share in the CAM Software Market. 3] What is the market size of the CAM Software Market by 2029? Ans. The market size of the CAM Software Market by 2029 is US$ 5.05 Bn. 4] What is the forecast period for the CAM Software Market? Ans. The forecast period for the CAM Software Market is 2022-2029. 5] What was the market size of the CAM Software Market in 2021? Ans. The market size of the CAM Software Market in 2021 was US$ 3.05 Bn.
1. Global CAM Software Market: Research Methodology 2. Global CAM Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global CAM Software Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global CAM Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global CAM Software Market Segmentation 4.1 Global CAM Software Market, By Product Type (2021-2029) • 2D • 3D 4.2 Global CAM Software Market, By Application (2021-2029) • Aerospace and Defense Industry • Shipbuilding Industry • Automobile and Train Industry • Machine Tool Industry • Others 5. North America CAM Software Market (2021-2029) 5.1 North America CAM Software Market, By Product Type (2021-2029) • 2D • 3D 5.2 North America CAM Software Market, By Application (2021-2029) • Aerospace and Defense Industry • Shipbuilding Industry • Automobile and Train Industry • Machine Tool Industry • Others 5.3 North America CAM Software Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific CAM Software Market (2021-2029) 6.1. Asia Pacific CAM Software Market, By Product Type (2021-2029) 6.2. Asia Pacific CAM Software Market, By Application (2021-2029) 6.3. Asia Pacific CAM Software Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa CAM Software Market (2021-2029) 7.1 Middle East and Africa CAM Software Market, By Product Type (2021-2029) 7.2. Middle East and Africa CAM Software Market, By Application (2021-2029) 7.3. Middle East and Africa CAM Software Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America CAM Software Market (2021-2029) 8.1. Latin America CAM Software Market, By Product Type (2021-2029) 8.2. Latin America CAM Software Market, By Application (2021-2029) 8.3. Latin America CAM Software Market, by Country (2021-2029) • Brazil • Argentina • Rest of Latin America 9. European CAM Software Market (2021-2029) 9.1. European CAM Software Market, By Product Type (2021-2029) 9.2. European CAM Software Market, By Application (2021-2029) 9.3. European CAM Software Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. Autodesk 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Mastercam 10.3 SolidCAM 10.4 EdgeCAM 10.5 ZWSoft 10.6 Bobcad 10.7 Cimatron 10.8 Camnetics 10.9 MecSoft 10.10 Siemens 10.11 Dassault Systemes 10.12 CNC Software 10.13 BobCAD-CAM 10.14 Hexagon 10.15 HCL Technologies 10.16 GRZ Software 10.17 Open Mind Technologies

About This Report

Report ID 102401
Category Information Technology & Telecommunication
Published Date Sep 2022
Updated Date
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