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Computer-Aided Manufacturing Market to Perceive Substantial Growth by 2026

May 6th 2019 at 12:11 PM

Great strides have been witnessed in the manufacturing sector riding on the back of automation powered by advanced computing technology. Computer-aided design (CAD) is one of them and what is adding value is computer-aided manufacturing (CAM). This is a key aspect underpinning the evolution of the global computer-aided manufacturing market. Manufacturing companies in various verticals have trained their machines with CAM to automate their manufacturing and production operations on the shop floor. The technology offered in the global computer-aided manufacturing market are usually integrated with product lifecycle management software, thereby making it an integral part of the design process.

Key applications of computer-aided manufacturing include glass working, woodturning, metalworking, and spinning. Various solutions and services by vendors and providers in the computer-aided manufacturing market have gaining the attention of worldwide engineers.

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Global Computer-Aided Manufacturing Market: Notable Developments

Cost of acquisition of CAM is a vital concern for adopters of technologies in the computer-aided manufacturing market. Shop floors have been slow to adopting CAM due to the higher cost. To this end, a few providers have modified their subscription options to lower the bar for end-use businesses, thus opening new demand avenues in the global computer-aided manufacturing market.

  • SmartCAMcnc has unveiled a new annual subscription option for their customers in the computer-aided manufacturing market. Of note, the subscription excludes up-front software license fees. The aim is to reduce start-up costs, benefitting the customers looking for low acquisition cost. Instilling flexibility through offering customers such a software configuration and deployment options is a key initiative in the global computer-aided manufacturing market.

Additive manufacturing for industrial users needs robust machine integration to make advanced use of computer-aided manufacturing tools. This helps industrial manufacturers enhance the design process and the overall product development process. In the computer-aided manufacturing market, the growing number of collaborations and partnership initiatives can be a key enabler.

Industrial 3D printer manufacturer, MarkForged, Inc., announced recently (April 2019) that it was contributing to foundation partnership program by Siemens, under which it will be collaborating on machine integration features. These features will help end users scale industrial additive manufacturing, a useful proposition in the global computer-aided manufacturing market. The effort is aimed at integrating Siemens’s software that notably include computer-aided manufacturing with cloud-based software of the other. This will enhance the performance of additive manufacturing systems by MarkForged.

Prominent players in the CAM market are SmartCAMcnc, BobCAD-CAM, ZWSOFT, SolidCAM, MecSoft, CNC Softwareh, Dassault Systèmes, and DP Technology Corp.

The substantial drive for computer-aided manufacturing software and services stems from the increasing efforts of businesses in various industry verticals to automate their industrial manufacturing processes. The pace of automation is reinforced and increased by strides by fourth industrial revolution, which has paved way for an array of automation technologies, including computer-aided manufacturing. The need for optimizing the design and manufacturing of products is also boosting the computer-aided manufacturing market.

Copious revenues in the global computer-aided manufacturing market are contributed by the automotive industry. World over, automotive players have been quick to leverage the potential of smart manufacturing technologies, with the aim to drive of innovation in product development. Growing popularity of internet of things (IoT) powered solutions in the industry vertical is expanding the prospects of the computer-aided manufacturing market.

Rising uptake in end-use industries in manufacturing and design of metal parts, advanced composites, and carbon fiber-filled plastics is also propelling the growth of the global computer-aided manufacturing market.

On the regional front, North America is poised to generate substantial chunks of revenues in the global computer-aided manufacturing market during the assessment period (2018–2026). A slew of drivers shape the contours of the regional demand. Large numbers of businesses in several end-use industries have been early adopters of CAM. In addition, increasing traction of cloud-based CAM solutions in the North America computer-aided manufacturing market is another potential factor. Moreover, growing partnerships between the stakeholders is also bolstering the uptake.

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