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Global Computer-Aided Manufacturing Strategic Business Report 2024: Concerns Hindering Optimization of CAD and CAM Technologies and Their Possible Solutions - Forecasts to 2030 - ResearchAndMarkets.com

DUBLIN, February 20, 2024 /BUSINESS WIRE/ --

The "Computer-Aided Manufacturing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Computer-Aided Manufacturing Market Projected to Reach $6.6 Billion by 2030, Reveals Global Strategic Business Report

The future looks bright for the Computer-Aided Manufacturing (CAM) sector, with a forecasted market growth to $6.6 billion by 2030. A newly published strategic business report highlights this progressive market trajectory, marked by a strong compound annual growth rate (CAGR) of 9.6% over the period from 2022 to 2030.

The substantial growth within the CAM market is attributed to various factors including increased demand for precision and efficiency in manufacturing processes, technological innovations, and the rising adoption of cloud-based CAM solutions. The report provides a comprehensive segment analysis, throwing light on the Solutions segment, which is predicted to exhibit a CAGR of 9.3%, potentially reaching $5.2 billion by the end of the analysis period. Services associated with CAM are also expected to see a significant CAGR of 10.5% in the forthcoming years.

Geographically, the U.S. represents a substantial share of the market, estimated at $1.1 billion as of 2022. Meanwhile, China is anticipated to experience an exceptional growth rate of 11.6% CAGR, affirming its position as a dynamic and rapidly expanding CAM market. Other notable growth forecasts include Japan and Canada, with their markets expected to grow at 7.8% and 9.1% CAGR respectively, while Germany is predicted to see a growth rate of approximately 8.6% CAGR.

An in-depth analysis of the economic landscape educates stakeholders about the global economic outlook that is showing signs of improvement, with growth recovery anticipated for upcoming years. Despite potential headwinds such as inflation, geopolitical tensions, and regulatory challenges, the resurgence in economic activity and advancement in high-impact technologies like AI, cloud computing, and climate tech promise new investment opportunities and incremental GDP growth.

The report includes a thorough competitive analysis, featuring profiles of key players in the CAM market such as 3D Systems Inc., Hexagon AB, and CNC Software, Inc., among others. These industry-leading companies are setting the course for innovation, quality, and market expansion within the dynamic CAM landscape.

Highlighted within the report are discussions on global economic conditions, market competitiveness, and the strategic positioning of companies across diverse geographies. This comprehensive market evaluation offers insights into the rapidly evolving CAM industry and the transformative forces shaping its future.

  • Global economic climate insights and market sentiment analysis.
  • Competitive landscape with key players' market share data.
  • Market presence and performance analysis across multiple geographies.
  • Exclusive updates and access to a distinguished research platform and digital archives.
  • Curated insights from industry CEOs, experts, and market influencers.

Key Attributes:

Report Attribute Details
No. of Pages 391
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $3.2 Billion
Forecasted Market Value (USD) by 2030 $6.6 Billion
Compound Annual Growth Rate 9.5%
Regions Covered Global

MARKET TRENDS & DRIVERS

  • Myriad Benefits of Computer-Aided Manufacturing (CAM) to Boost Adoption in Varied Industries
  • Key Professions Using CAM
  • Industrialization and Rapid Pace of Industrial Automation to Propel CAM Adoption
  • COVID-19 Mandates Additional Automation Changes to Plant Floor & Factory Operations
  • CAM Systems Continue to Bring Forth Major Manufacturing Process Changes
  • Digitalization and the Future of Machining
  • Automation of Manufacturing Processes Using CAM Technology
  • CAM: A Critical Technology Enabling Innovations in Machine Tools
  • Global Machine Tools Market Size (in US$ Thousand) by Region/Country: 2020 & 2027
  • Industry 4.0 and Adoption of IoT in Manufacturing Sector to Drive Use of CAM Technology
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Significant Impact of IoT Impacts on Engineering Software Market
  • Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
  • Automobile Industry Emerges as a Key End-use Market for CAM
  • World Automobile Production in Million Units: 2008-2022
  • Aerospace & Defense Industry: Important Role of CAM in Creating High-Precision Components
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020E
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Electronics Industry Extends Opportunities for the CAM Market
  • Supply Chain Disruptions Impact a Large Number of Electronic Manufacturers: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020
  • Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Medical Industry's Focus on Creating Advanced Equipment & Components To Fuel Need for CAM Solutions
  • CAD/CAM Technology Transforms Dentistry
  • CAD/CAM-based Digital Prosthetic Workflows Garner Notable Attention amid COVID-19 Pandemic
  • Growing Prominence of Digital Orthodontics Fuels Adoption of CAD/CAM Solutions
  • Strong Opportunities in Orthopedic Implant Manufacturing over the Long Term
  • CAM to become Critical for Construction Design
  • CAM Software Market to Make Robust Gains
  • Rising Adoption of 3D Printing Augurs Well for the Market
  • Adoption of Cloud-based CAM Solutions Continues to Gain Strength
  • Technology Innovations in CAM Technology to Expand Market Opportunities
  • CAD/CAM to be the Future for SMEs
  • Major Drawbacks of CAM Technology Challenges Market Adoption
  • Concerns Hindering Optimization of CAD and CAM Technologies: Possible Solutions

A selection of companies mentioned in this report includes

  • BenQ Corporation
  • 3D Systems Inc. (USA)
  • Creaform, Inc.
  • Hexagon AB
  • CAXA Technology Co., Ltd.
  • CNC Software, Inc.
  • exocad GmbH
  • Alma
  • Bocad Group of Companies
  • Custom Automated Prosthetics
  • Cutting Edge Water Jet Service
  • Diamondsmith
  • Kelyniam Global
  • Innova Systems UK Ltd.
  • Graebert GmbH

For more information about this report visit https://www.researchandmarkets.com/r/gzao19

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