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Computer Aided Manufacturing (CAM) Market size was valued at USD 2.93 billion in 2019 and is poised to grow from USD 3.2 billion in 2023 to USD 6.6 billion by 2031, growing at a CAGR of 9.6% in the forecast period (2024-2031).

The computer aided manufacturing (cam) market is relatively fragmented, with a high level of competition. Few large players, like Autodesk Inc., Microsoft Corporation, and Siemens AG, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Autodesk Inc.', 'Dassault Systèmes SE', 'Siemens AG', 'PTC Inc.', 'CNC Software Inc.', 'Hexagon AB', '3D Systems Corporation', 'Mastercam/CNC Software, Inc.', 'SolidCAM Ltd.', 'MecSoft Corporation', 'BobCAD-CAM, Inc.', 'Missler Software SAS', 'OPEN MIND Technologies AG', 'Edgecam (Hexagon AB)', 'GibbsCAM (3D Systems Corporation)', 'Tebis AG', 'ESPRIT (DP Technology Corp.)', 'Cimatron (3D Systems Corporation)', 'WorkNC (Hexagon AB)', 'TopSolid (Missler Software SAS)'

The increased implementation of CAM software in packing machines is a major factor driving the growth of the CAM market. Packaging machinery aids in the completion of several stages of the packaging process, including filling, wrapping, strapping, and labeling. As packing machines become more complicated and efficient, engineers and designers are turning to CAM software to address specific mechatronic engineering difficulties.

A significant transition away from proprietary software and toward cloud-based subscriptions is likely to generate an attractive potential for the computer-aided manufacturing (CAM) market development. Cloud-based solution adoption is likely to accelerate since it allows end-users to cut total implementation and ownership costs. Cloud-based solutions are expected to grow as a result of new users attracted to the low-risk start-up value proposition offered by cloud-based applications, as well as cloud-based offerings replacing existing desktop software, whose users are expected to be attracted to the operational flexibility enabled by cloud-based subscription models.

North America led the computer aided manufacturing (CAM) market in the year 2021 and is likely to continue to do so during the forecast period, owing to increased investment in the US infrastructure industry, particularly in software design and engineering. Furthermore, technical improvements in the architecture, aerospace & defense, and civil construction industries support the growth of the computer-aided manufacturing market in North America.

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Global Computer Aided Manufacturing (CAM) Market

Product ID: SQSG25E2008