Computer Aided Manufacturing (CAM) Market Rapidly Changing Industry Dynamics and Future Estimates by 2028

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computer aided manufacturing market

The global Computer Aided Manufacturing (CAM) Software Market is expected to witness notable growth over the forecast period (2021-2028).

PORTLAND, PORTLAND, OR, USA, Sept. 14, 2022 /EINPresswire.com/ — The growth of the global computer aided manufacturing market is primarily driven by factors such as the increase in the use of computer aided manufacturing by computer in packaging machinery, a surge in industrialization and increased investment in R&D activities in the CAM market.

However, the availability of free and open source computer aided manufacturing is expected to hamper the market growth. Conversely, an increase in the adoption of cloud-based solutions and technological advancements in computer-aided manufacturing are expected to present major opportunities for market expansion in the future.

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In 2020, 3D segment dominated the computer aided manufacturing market share and is expected to maintain its dominance in the coming years owing to the growing demand for embedded suite facilitating the programming of five-axis machines which is increasing significantly as it provides information about the operation of a machine. performs while executing the actual work, which, in turn, is expected to drive the demand for 3D computer-aided manufacturing.

The major players in the market are following the trend of improving product portfolios with additional features in 3D computer aided manufacturing which is propelling the growth of the segment. However, the 3D segment is expected to experience the strongest growth.

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 coming years. This is attributed to the advantages of computer-aided manufacturing for the machine tool industry, such as faster machining cycles, machining of elements by non-machining experts, higher quality finish, increased operator productivity, better material utilization and longer tool life.

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Post-COVID-19, Computer Aided Manufacturing Market Size is projected to grow from USD 2,879 Million in 2021 and is projected to reach USD 5,477 Million by 2028, growing at a CAGR of 8.4%. The current 2028 estimate is expected to be lower than pre-COVID-19 estimates. The COVID-19 outbreak is having a tremendous impact on the growth of the Computer Aided Manufacturing market as the adoption of Computer Aided Manufacturing has declined amid unprecedented circumstances.

KEY FINDINGS OF THE STUDY

• Based on components, the solutions segment accounted for the highest revenue in 2020, however, the services segment is expected to witness the highest growth rate during the forecast period.

• By design type, in 2020, 3D segment dominated the computer aided manufacturing market size and is expected to show significant growth over the forecast period.

• According to the application, the machine tool industry generated the highest revenue in 2020. However, the segment of others is expected to witness the highest growth rate during the forecast period.

• Regionally, the CAM market was dominated by the North American region. However, Asia-Pacific is expected to experience significant growth in the coming years.

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Some of the key Computer Aided Manufacturing industry players profiled in the report include Autodesk Inc., Mastercam, SolidCAM Ltd., EdgeCAM, ZWCAD Software Co., Ltd., GRZ Software, BobCAD-CAM, Inc., Cimatron Group, Camnetics, Inc., MecSoft Corporation, Dassault Systèmes, and Siemens Product Lifecycle Management Software Inc. This study includes Computer Aided Manufacturing market trends, Computer Aided Manufacturing market analysis and future estimates to determine impending pockets of investment.

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