DUBLIN, July 27, 2021--(BUSINESS WIRE)--The "Computer Aided Manufacturing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The computer-aided manufacturing market is expected to register a CAGR of 7.8% during the forecast period (2021-2026).
CNC Software Inc.
3D Systems, Inc.
HCL Technologies Limited
NTT DATA Corporation
Open Mind Technologies AG
DP Technology Corporation
Dassault Systemes SE
ey Market Trends
Automobile is Expected to Hold a Major Market Share
Creating automobiles is not a singular process, especially after the globalization of engineering, design, and manufacturing facilities, and third-party suppliers. This is the reason behind the need for information systems to help to create cars with the help of computer-aided manufacturing (CAM).
Automotive CAM also addresses straightforward mechanical design issues, such as fit, clearances, strain, stress, heat, and vibration. CAM systems are also finding applications in handling the immense part files typical in automotive designs part files that might contain upwards of 14,000 components.
In using Automotive CAM systems, fault detection is made easy on the production line, and the same can be eliminated immediately. Traditionally, car manufacturers would have had to take parts away for testing. They would have only been able to test small sections of large batches, meaning there was always the risk of something going wrong elsewhere.
CAM simulations also help computers to simulate various real-life situations on 3D models. This includes testing for what would happen if there was a violent impact, harsh weather, high speeds, wear and tear, and during crashes.
Further, with the ongoing advancements such as Quantum computing, which combines GPUs and CPUs into a single element, eliminates the need for excess interfaces. Thereby, operations can be performed faster, which is expected to significantly impact the speed of the design process in the automobile industry.
Additionally, leveraging 3D printing and other emerging technologies, CAM is set to disrupt product modeling processes and continue to play an essential role in the automotive industry going forward.
North America is Expected to have Highest Market Share
North America is expected to hold the highest market share due to the increased adoption rate of industrial robotics in the United States region, and the CAM adoption has multiplied in the recent past. With the industrial robots coming into the picture, the CAM has helped to improve the functioning of the robotics.
Also, owing to the unprecedented competition from the Japanese automakers, the region spends an ample amount of capital spending in its efforts to compete. Added with the pending government regulations on emission control and safety is said to further enable the end-users to invest in solutions such as CAM. For instance, according to OICA, North America produced around 16.8 million motor vehicles in 2019 despite being in a slump for three years. This is due to the increased production cost and changes in the supply chain.
The increased competition between the manufacturers in North America has to lead to a loss of market share. There is a huge demand to increase efficiencies. With the introduction of Industry 4.0 and Smart factories, the manufacturers are in constant need to automate the process to improve efficiencies.
The increased cost of labor in the United States has forced the manufacturers to adopt automation to reduce the expenditures. With the adoption of CAM, the risks associated with human labor is also reduced by a significant amount.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Force Analysis
4.3 Market Drivers
4.3.1 Increasing Adoption of Industry 4.0
4.3.2 Growing Utilization of CAM Software in the Packaging Machinery Sector
4.4 Market Restraints
4.4.1 Wide Availability of Open Source CAM Software
4.5 Impact of COVID-19 on the Computer Aided Manufacturing (CAM) Market
5 TECHNOLOGY SNAPSHOT
5.1 2D Design
5.2 3D Design
5.3 5D Design
6 MARKET SEGMENTATION
6.1 End-user Industry (Revenue in USD million and Market Share as a part of the study)
6.1.1 Aerospace & Defense
6.1.4 Energy & Utilities
6.1.5 Other End-user Industries
6.2 Geography (Revenue in USD million and Market share as a part of the study)
6.2.1 North America
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
8 VENDOR MARKET SHARE ANALYSIS (To be provided for Major vendors operating in the Global CAM Market)
9 INVESTMENT ANALYSIS
10 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/j1yicl
View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005837/en/
Laura Wood, Senior Press Manager
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