New York, NY, June 28, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Computer Aided Manufacturing Market By Component (Solution and Services), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), By Deployment (On-Premises and Cloud), and By Industry Vertical (Automotive, Aerospace and Defense, Industrial Equipment, High-Tech, Medical Devices and Components, and Energy and Utility): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global computer aided manufacturing market was USD 2.36 billion in 2018 and is expected to reach approximately USD 4.04 billion by 2025, at a CAGR of slightly above 8.18% between 2019 and 2025.
Computer aided manufacturing (CAM) is a technological process that uses software and other high-tech machinery to perform different functions, such as production and designing. These functions include automatic coordination between operations, painting, and coating in the automobile sector and packing in the soft drink industry.
Browse through 71 Tables & 30 Figures spread over 208 Pages and in-depth TOC on “Global Computer Aided Manufacturing (CAM) Market Size, Share 2018: Industry Type, Components, Solutions, Segments, Applications, Analysis and Forecast to 2025”.
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Technological advancements both in developed and developing countries are fuelling the demand for automation, which is driving the computer aided manufacturing market. CAM is replacing the traditional ways of manually operating machines. Moreover, CAM is becoming comparatively popular, as it allows machines to optimize the system and manufacture goods at a much competitive rate in comparison to traditional ways. Additionally, manufacturers have acknowledged the importance of smart manufacturing coupled with technologies that hold potential in generating economical products by proper utilization of raw materials, which eventually saves time and energy. This has also contributed to the growth of the computer aided manufacturing market. In addition, the growing use of cloud technology is further driving the computer aided manufacturing market. However, high setup and operating costs may limit the computer aided manufacturing market globally in the years ahead.
The component segment of the market consists of solution and services. On the basis of organization size, the computer aided manufacturing market is segregated into large enterprises and small and medium-sized enterprises (SME’s). The large enterprises segment is expected to hold a substantial market share over the estimated timeframe, owing to the regional expansion of top organizations from various sectors. Based on deployment, the computer aided manufacturing market is divided into on-premises and cloud. The cloud segment is projected to grow notably in the years ahead, owing to its various benefits over on-premises deployment. On the basis of industry vertical, the market includes automotive, aerospace and defense, industrial equipment, high-tech, medical devices and components, and energy and utility.
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North America is expected to hold a substantial market share in the years ahead, due to rapid CAM adoption in defense and aerospace and automotive industries and rising implementation of industry 4.0 across the region.
The surging demand in Europe for computer-aided manufacturing has shown some positive signs of growth in medical devices manufacturing, as they have shifted from traditional ways to smart and modern ways of manufacturing. The European computer aided manufacturing market is driven by CAM’s cost-effectiveness and time-saving benefits along with eliminating wastage.
Browse the full “Computer Aided Manufacturing Market By Component (Solution and Services), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), By Deployment (On-Premises and Cloud), and By Industry Vertical (Automotive, Aerospace and Defense, Industrial Equipment, High-Tech, Medical Devices and Components, and Energy and Utility): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/computer-aided-manufacturing-market
The Asia Pacific region is observed to be substantially dominating the market globally along with holding the largest market share. The accelerating regional demand for automobiles is a key factor driving the region’s computer aided manufacturing market. Moreover, the regional expansion by the top manufacturers to meet the rising automobile demand is also fuelling the market. Furthermore, the initiatives taken by the government to reduce wastage and get better quality products are also driving the Asia Pacific computer aided manufacturing market.
The Latin American computer aided manufacturing market is growing, owing to the rise in the demand for CAM processes in numerous industries due to its various benefits, such as reducing material waste and enhancing the overall productivity of the manufacturing setups. The Middle Eastern and African computer aided manufacturing market is likely to grow over the forecast time period, owing to the rising use of chair-side CAD/CAM systems in dental branches for maintaining and restoring patient aesthetic and oral function, while providing quality output.
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Some major players of the global computer aided manufacturing market are Hexagon, Autodesk, 3D Systems, Dassault Systemes, Siemens, BobCAD-CAM, CNC Software, HCL, Open Mind Technologies, PTC, and DP Technology.
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This report segments the global computer aided manufacturing market into:
Global Computer Aided Manufacturing Market: Component Analysis
- Solution
- Services
Global Computer Aided Manufacturing Market: Organization Size Analysis
- Large Enterprises
- Small and Medium-Sized Enterprises
Global Computer Aided Manufacturing Market: Deployment Analysis
- On-Premises
- Cloud
Global Computer Aided Manufacturing Market: Industry Vertical Analysis
- Automotive
- Aerospace and Defense
- Industrial Equipment
- High-Tech
- Medical Devices and Components
- Energy and Utility
Global Computer Aided Manufacturing Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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