CAM Software Market Size is forecast to reach $3.3 billion by 2026 – IndustryARC
CAM Software Market Size is forecast to reach $3.3 billion by 2026, at a CAGR of 6.5% during 2021-2026. North America held the largest market share of 30.7% in 2020 from overall global CAM Software Market. Growth in this region is attributed to the ever increasing demand from various industry verticals including Manufacturing, Automotive, Aerospace and Defense and others. Moreover, this region is witnessing a significant growth of around 5.89% during the forecast period 2021 – 2026.
The CAM Software Market market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the CAM Software industry are –
1. Autodesk
2. Siemens
3. Dassault Systemes
4. CNC Software
5. Cimatron
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Segmental Analysis:
1. The CAM software is segmented into two types by model, of which the 3D CAM software such as solid modeling, surface modeling, sculpting and others has the widest variety of applications and held the largest market share estimated to around 73.1% in 2020.
2. Among all the other end user industries, the CAM Software Market was dominated by Automotive vertical as they held the largest market share of around 23.63% in 2020.
3. CAM Software market in Asia-Pacific region held significant market share of 40.5% in 2020. U.S is predicted to dominate the global CAM software market during the forecast period due to the region’s large presence of distributors and resellers selling CAM software.
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Report Coverage |
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Report Attributes |
Details |
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By Model |
2D, 3D
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By Integration |
Standalone, Plug-in, Dual Capacity
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By Vertical |
Railways, Automotive, Healthcare, IT and Telecom, Power and Energy, Aerospace and Defense, Government and Public Sector, Marine, Industrial Machinery and Others
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By Geography |
North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), South America(Brazil, Argentina and others), and RoW (Middle East and Africa). |
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Market Drivers and Challenges:
1. CAM software performs engineering analysis and computer numerical control code generation using 3D part modeling along with handling large assemblies. Many organizations, particularly manufacturing companies, are now taking advantage of the emerging cloud and Internet of Things ( IoT) developments to make their operations operate leaner and increase sales.
2. In recent years CAM software is facing steady growth owing to its various applications such as numerical control, computer numerical control, industrial robots, design of dies and molds for casting, design of tools and fixtures and EDM electrodes and quality control and inspection in manufacturing plants.
3. In the manufacturing sector CNC machinery is widely used where pre-programmed computer software (CAM) is used to control the machining tools as it uses numerical code. It carriers out variety of applications such as routing, milling, punching, turning and lathing. Although the CNC machining is used in the supply chain process and adopted as a standard machinery it requires greater initial investment than machines that can be operated manually due to which it is very expensive.
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