Do. Mrz 28th, 2024

CAM Software Market Size is forecast to reach $3.3 billion by 2026, at a CAGR of 6.5% during 2021-2026. North America held the largest market share of 30.7% in 2020 from overall global CAM Software Market. Growth in this region is attributed to the ever increasing demand from various industry verticals including Manufacturing, Automotive, Aerospace and Defense and others. Moreover, this region is witnessing a significant growth of around 5.89% during the forecast period 2021 – 2026. Surge in demand for CAM software to facilitate and automate the manufacturing processes, has significantly boosted the market growth. In November 2020, Battery Ventures agreed to acquire GibbsCAM and Cimatron software business. Through this acquisition the company will bring CAM innovator in fabrication, toolmacking and production machining industries.
Report Coverage
The report: “CAM Software Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the CAM Software market
By Model: 2D, 3D.
By Organization Size: SME, Large Enterprises.
By Pricing Model: One Time Payment.
By Integration: Standalone, Plug-in, Dual Capacity.
By Vertical: Railways, Automotive, Healthcare, IT and Telecom, Power and Energy, Aerospace and Defense, Government and Public Sector, Marine, Industrial Machinery and Others.
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), South America(Brazil, Argentina and others), and RoW (Middle East and Africa).
Key Takeaways
Enterprises are adopting SaaS which is enabling redeployment of their software tools and data. Surge in use of CAM software as it provides improved product quality has considerably proven to be effective in sharing of design information.
With the use of CAM software machinery can turn raw material into finished products and helps in making a product by generating tool paths.
To automate the manufacturing process CAM uses software and computer controlled machinery through which machine can produce parts easily.

Global CAM Software Market, By Region, 2020
Global CAM Software Market
For More Details on This Report – Request for Sample
CAM Software Market Segment Analysis – By Rotor Type
The CAM software is segmented into two types by model, of which the 3D CAM software such as solid modeling, surface modeling, sculpting and others has the widest variety of applications and held the largest market share estimated to around 73.1% in 2020. Covid-19 has significantly impacted the manufacturing sector, thereby resulting in the higher adoption of automation in 2020, boosting the CAM software usage as they handle large assemblies. In July 2020, Honeywell has stated that more than half of U.S. companies are increasingly opting to invest in automation to survive changing market conditions brought by the COVID-19 pandemic. In October 2020, a developer of sensor, software and autonomous solution Hexagon AB signed an agreement to acquire DP Technology Corporation. Through this acquisition Hexagon is about to bring high performance CNC machine programming, optimization and simulation for precision manufacturing applications. This technology will provide machine operators with greater assurance through AI based algorithms and eliminating manual data input.
CAM Software Market Segment Analysis – By Vertical
Among all the other end user industries, the CAM Software Market was dominated by Automotive vertical as they held the largest market share of around 23.63% in 2020. Additionally, the Healthcare sector is witnessing a significant growth rate estimated to around a CAGR of 1.32% during the forecast period 2021 – 2026. The CAM software technology is segmented into three types by integration, of which the standalone has the widest variety of applications and held the largest market share estimated to around 74.08% in 2020. In December 2019, the state of Virginia has announced plans to acquire a 360 km of railway from Class I railroad CSX Corp for $5·6bn. This deal is mainly aimed at the expansion of the rail network in the Virginia area. In the railway networks CAM is used to generate the CNC code and CNC machine performs all the machining as the train part work piece is installed on a machine that does not require a high degree of accuracy for its extrusion. Such initiatives will create more opportunities for CAM Software Market during the forecast period 2021 – 2026.
CAM Software Market Segment Analysis – By Geography
CAM Software market in Asia-Pacific region held significant market share of 40.5% in 2020. U.S is predicted to dominate the global CAM software market during the forecast period due to the region’s large presence of distributors and resellers selling CAM software. Leading market vendors are introducing advanced CAM software which support stand alone as well as plug in type for Windows and MAC operating systems to address end user needs. The increased adoption rate of industrial robotics in the United States region is driving growth in this region, and CAM adoption has multiplied in the recent past. With the introduction of industrial robots, CAM has aided in the improvement of robotics efficiency. Shifting towards automated production, an established ecosystem for manufacturing practises, and continuous R&D investments by manufacturers to drive innovation into their manufacturing processes are key factors driving growth in this region. The rising cost of labour in the United States has compelled manufacturers to use automation to reduce expenses. The risks associated with human labour are also significantly decreased with the use of CAM software.
CAM Software Market Drivers
Surge in application of CAM software in the industry verticals and adoption of Cloud
The surge in industrialization have resulted in the adoption of CAM software for precision and cost effective designing purposes. In May 2019, GM announced plans to invest $170M in Oshawa plant in Canada, thereby leading to transition the facility from manufacturing vehicles to stamping, sub-assembly and autonomous vehicle testing. CAM software performs engineering analysis and computer numerical control code generation using 3D part modeling along with handling large assemblies. Many organizations, particularly manufacturing companies, are now taking advantage of the emerging cloud and Internet of Things ( IoT) developments to make their operations operate leaner and increase sales. IoT apps are crucial to delivering updates in real time, including shipment and storage status, repair and proactive maintenance warnings, and details from the supply chain. With the CAM software the manufacturers are finding end-to-end digital thread running through the manufacturing process. The replacement of aging aircrafts with the new ones along with the demand for commercial aircrafts are the reasons due to which the major airlines are expanding globally. The newer aircrafts are equipped with latest techniques as the aircraft manufacturers are investing heavily in new computer systems. Computer aided design (CAD) and computer aided manufacturing (CAM) makes airplane design easier.
Increased Use of CAM Software for Industrial Machinery
CAM software is very useful in manufacturing, planning and control of products as it makes effective use of computer technology. Computer aided software (CAM) saves time, labor and cost by bringing automation through real time control and robotics in production processes. In recent years CAM software is facing steady growth owing to its various applications such as numerical control, computer numerical control, industrial robots, design of dies and molds for casting, design of tools and fixtures and EDM electrodes and quality control and inspection in manufacturing plants. CAM software is finding huge application in the packaging machinery as these machinery are becoming increasing complex with higher efficiency demand. This software packages provides ability to produce parts faster and provides feedback and update the CAD models. CAM software is adopted as a powerful software for advanced manufacturing tools. The increased demand for packaged foods, continuous production of machines and drugs and increasing spending on branded products have aided the growth of lean packaging operations which in turn have driven the growth of CAM software. Some of the major key players of packaging technology such as Krones, Robert Bosch, Coesia and others are focusing on the production of the smart and innovative machinery to provide enhanced services with optimum safety due to which CAM software is highly used in the designing processes.
CAM Software Market Challenges
Cost Related Issues
Considerable amount of PC processing power is required for CAM software which ultimately involves high quality components that have high cost which is a major hurdle to the broader usage of CAM technological innovation. Although the CAM software is becoming more versatile and convenient, the complexness of the application makes it more difficult for the first time users to learn it. In the manufacturing sector CNC machinery is widely used where pre-programmed computer software (CAM) is used to control the machining tools as it uses numerical code. It carriers out variety of applications such as routing, milling, punching, turning and lathing. Although the CNC machining is used in the supply chain process and adopted as a standard machinery it requires greater initial investment than machines that can be operated manually due to which it is very expensive. Most of the students rarely adopt manual machine operators as a skill which is leading to the complete loss of long preserved skills. In addition the investment in CNC machines can lead to the chances of unemployment. Many of the countries do not give proper training of manually operated lathers. In case of any damage highly skilled professional is required to solve the damage or error problem. Regular inspection with a highly skilled person is required for the maintenance and error less results.
CAM Software Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the CAM Software market. CAM Software top 10 companies include Autodesk, Siemens, Dassault Systemes, CNC Software, BobCAD-CAM, Cimatron, Hexagon, HCL Technologies, GRZ Software, Open Mind Technologies among others.
Acquisitions/Product Launches
In January 2021, Open Mind Technologies Benelux BV acquired CNC-Consult & Automation BV, the company is set to work as usual with out any modification.
In November 2020, 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 offer a diverse set of design and machining software solutions.

Pressemitteilung teilen:

Schreibe einen Kommentar