Computer-Aided Manufacturing Market
Dublin, May 20, 2024 (GLOBE NEWSWIRE) — The “Computer-Aided Manufacturing – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Computer-Aided Manufacturing estimated at US$3.5 Billion in the year 2023, is projected to reach a revised size of US$6.6 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2023-2030.
Computer-Aided Manufacturing Solutions, one of the segments analyzed in the report, is projected to record 8.3% CAGR and reach US$5.2 Billion by the end of the analysis period. Growth in the Computer-Aided Manufacturing Services segment is estimated at 9.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 10.2% CAGR
The Computer-Aided Manufacturing market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$749.2 Million by the year 2030 trailing a CAGR of 10.2% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 8.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.
Market Trends & Drivers
Myriad Benefits of Computer-Aided Manufacturing (CAM) to Boost Adoption in Varied Industries
Key Professions Using CAM
Industrialization and Rapid Pace of Industrial Automation to Propel CAM Adoption
CAM Systems Continue to Bring Forth Major Manufacturing Process Changes
Digitalization and the Future of Machining
Automation of Manufacturing Processes Using CAM Technology
CAM: A Critical Technology Enabling Innovations in Machine Tools
Global Machine Tools Market Size (in US$ Thousand) by Region/Country: 2020 & 2027
Industry 4.0 and Adoption of IoT in Manufacturing Sector to Drive Use of CAM Technology
Significant Impact of IoT Impacts on Engineering Software Market
Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
Automobile Industry Emerges as a Key End-use Market for CAM
World Automobile Production in Million Units: 2008-2022
Aerospace & Defense Industry: Important Role of CAM in Creating High-Precision Components
Electronics Industry Extends Opportunities for the CAM Market
Global Electrical & Electronics Equipment Market Reset & Trajectory – Growth Outlook (In %) For Years 2019 Through 2025
Medical Industry’s Focus on Creating Advanced Equipment & Components To Fuel Need for CAM Solutions
CAD/CAM Technology Transforms Dentistry
CAD/CAM-based Digital Prosthetic Workflows Garner Notable Attention
Growing Prominence of Digital Orthodontics Fuels Adoption of CAD/CAM Solutions
Strong Opportunities in Orthopedic Implant Manufacturing over the Long Term
CAM to become Critical for Construction Design
CAM Software Market to Make Robust Gains
Rising Adoption of 3D Printing Augurs Well for the Market
Adoption of Cloud-based CAM Solutions Continues to Gain Strength
Technology Innovations in CAM Technology to Expand Market Opportunities
CAD/CAM to be the Future for SMEs
Major Drawbacks of CAM Technology Challenges Market Adoption
Concerns Hindering Optimization of CAD and CAM Technologies: Possible Solutions
Select Competitors (Total 51 Featured)
BenQ Corporation
3D Systems Inc. (USA)
Creaform, Inc.
Hexagon AB
CAXA Technology Co., Ltd.
CNC Software, Inc.
exocad GmbH
Alma
Bocad Group of Companies
Custom Automated Prosthetics
Cutting Edge Water Jet Service
Diamondsmith
Kelyniam Global
Innova Systems UK Ltd.
Graebert GmbH
Key Attributes:
Report Attribute | Details |
No. of Pages | 391 |
Forecast Period | 2023 – 2030 |
Estimated Market Value (USD) in 2023 | $3.5 Billion |
Forecasted Market Value (USD) by 2030 | $6.6 Billion |
Compound Annual Growth Rate | 9.5% |
Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/ytzijo
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