CAM Software Market to Witness Increased Growth Over Forecast Period to 2030 – Blackswan Real Estate

the global CAM software market the size should go from $2.5 billion in 2020 for $3.7 billion by 2027, at a CAGR of 7.0% from 2021 to 2027. CAM (computer-aided manufacturing) is a software tool that helps architects, engineers, and other professionals manufacture and design objects. CAM software refers to the use of computers to support all operations in a manufacturing plant. These include planning, transport, storage and management. The primary goal of CAM software is to create faster production processes and components and provide more accurate dimensions and material consistency. CAM applications are used to design the product and program manufacturing process, precisely CNC machining.

Factors such as increasing usage of CAM software in packaging machinery, soaring industrialization and increasing investment in R&D activities in the CAM market are driving the growth of the market. However, the availability of free and open source CAM software is expected to hamper the market growth. On the other hand, an increase in the adoption of cloud-based solutions and technological advancements in CAM software is expected to present significant opportunities for market expansion in the future.

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The increase in industrialization, which is mainly driven by digital innovations and incorporates things such as automation, artificial intelligence (AI), Internet of things (IoT), 3D printing and biotechnology , which is expected to increase the demand for CAM software as it is one of the essential elements of this new wave of technologies. Moreover, it has led to the emergence of quality control and inspection bodies to examine the whole process of product development and production. This has led manufacturers to meet the requirements of regulatory bodies. The need to adhere to these rules and regulations is fueling the demand for adoption of 2D or 3D CAM software among product developers to create quality products. Also, increasing need for product visualization and rapid prototyping across different industries is expected to provide lucrative opportunities for market growth.

Global CAM Software Market Dynamics

Drivers: increased use of CAM software in packaging machines

The major factor propelling the growth of the CAM software market is the surge in adoption of CAM software in packaging machinery. Packaging machines help complete the different phases of the packaging process, such as wrapping, filling, labeling, and strapping. As packaging machinery becomes increasingly complex with a demand for increased efficiency, designers and engineers are embracing CAM software to address unique mechatronic engineering challenges. CAM software offers an innovative tool that should increase productivity and reduce overall cost per package. Additionally, the emergence of smart packaging is expected to fuel the growth of the CAM software market in packaging machinery as designers streamline the communication between electrical engineering controls and mechanical systems through product development integrated into FAO.

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Constraints: Availability of free and open-source CAM software

The availability of free and open source CAM software is expected to hamper the growth of the CAM software market in the coming years. Small and medium-sized enterprises are looking for free software, which leads to widespread acceptance of free and open source CAM, which is expected to hamper the growth of the CAM software market in the future.

Opportunities: Growing adoption of cloud-based solutions

A significant shift from proprietary software to cloud-based subscriptions is expected to bring lucrative opportunities to the market. The implementation of cloud-based solutions is expected to grow faster as it allows end users to reduce their overall cost of ownership and implementation. Growth in cloud-based solutions is estimated to come from new users attracted by the low-risk, startup value proposition offered by a cloud-based application and cloud-based offerings replacing legacy desktop software whose users should be attracted by the operational flexibility enabled by cloud-based subscription models. Furthermore, to improve their product, the vendors of the CAM software provide additional features and release new products, which are expected to boost the adoption of the CAM software among the end users.

Report scope

The study categorizes the CAM software market based on application, design type, and region.

By Outlook App (Sales, USD Million, 2017-2027)

  • Aerospace and defense industry
  • shipbuilding industry
  • Automotive and railway industry
  • machine tool industry
  • Others

By Outlook Design Type (Sales, USD Million, 2017-2027)

Outlook by Region (Sales, USD Million, 2017-2027)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

By design type, 3D CAM software accounts for the highest revenue share in the market

CAM software vendors mainly offer two types of software per design type, namely 2D and 3D. The 3D segment had the largest contributor in 2020. 3D CAM software allows the designer to create three-dimensional representations of their ideas. This software is much more complex than 2D CAM software and requires specialized training to use it proficiently. It provides enhanced metal shading, lighting modeling, reflection modeling and edge drawing to achieve more realistic rendering. 3D toolpaths are applied directly to the model where they cut, and the depth of cut is directly based on the surface or solid. 3D CAM software easily produces efficient multi-axis toolpaths with collision control for complex 3D designs.

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Asia-Pacific accounts for the highest CAGR during the forecast period

Based on regions, the global CAM software market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global CAM software market during the forecast period. The region includes countries such as China, India, Japan, South Korea, Australia, Southeast Asia and the rest of Asia-Pacific. The growth of the region is mainly due to the strong economic growth of emerging national countries such as China, Indonesia, Malaysia and India.

Additive manufacturing, Industrial Internet of Things (IIOT), advanced robotics and augmented reality are major factors contributing to the growth of the Asia Pacific CAM software market. Also, increasing demand from manufacturers of CAM software and service offerings is propelling the market growth in India.

Main market players

CAM software market is slightly concentrated in nature with few global players operating in the market such as Autodesk Inc., SolidCAM Ltd., EdgeCAM, Mastercam, ZWCAD Software Co., Ltd., BobCAD-CAM, Inc. ., Cimatron Group, GRZ Software, Camnetics, Inc., MecSoft Corporation, Dassault Systemes, and Siemens Product Lifecycle Management Software Inc. Each company follows its business strategy to achieve the maximum market share.

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