Computer Aided Manufacturing Market Is Anticipated To Reach $6.94 Billion By 2032

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, 2024–2032.’’. According to the report, the global computer aided manufacturing market was USD 3.47 Billion in 2023, with projections indicating that it will reach USD 6.94 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8% over the forecast period 2024-2032.

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 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, 2024–2032.” Report at https://www.zionmarketresearch.com/report/computer-aided-manufacturing-market

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.

North America is predicted to generate notable revenue in the global computer aided manufacturing market in the years ahead, owing to the numerous businesses and their early adoption of CAM. The Asia Pacific region is expected to register the highest rate of market growth in the future, due to flourishing retail and manufacturing sectors and the rising number of engagements, such as partnership, merger and acquisition, etc., by various companies.

Computer Aided Manufacturing Market: Competitive Analysis

The global computer aided manufacturing market is dominated by players like:

• Hexagon
• Autodesk
• 3D Systems
• Dassault Systemes
• Siemens
• BobCAD-CAM
• CNC Software
• HCL
• Open Mind Technologies
• PTC
• DP Technology

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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