Computer Aided Manufacturing Software Statistics 2024


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In an era where precision and efficiency dictate the success of manufacturing operations, computer-aided manufacturing (CAM) software has emerged as a cornerstone of industrial innovation. As we step into 2024, understanding the latest statistics on CAM software becomes crucial for grasping the current and future dynamics of the manufacturing business landscape. These insights offer a comprehensive view of technological advancements, market trends, and performance metrics that are shaping the industry, making it imperative for stakeholders to stay informed and competitive.

Key stakeholders such as manufacturing executives, product developers, market analysts, and technology investors will find this data invaluable. For manufacturing executives, it helps in strategizing operational improvements and investing wisely in technology. Product developers can identify new capabilities and tools to streamline design processes, while market analysts can forecast trends and market shifts with greater accuracy. Technology investors can gauge potential areas for lucrative opportunities, driving informed investment decisions. Collectively, these statistics impact the industry by highlighting areas of growth, potential challenges, and the overall trajectory of CAM software adoption and innovation.

In conclusion, the data provided in this analysis will offer strategic insights that can inform decision-making and planning in the rapidly evolving CAM landscape. As the industry adapts to new technologies and methodologies, these statistics will serve as a crucial guide for stakeholders aiming to navigate and thrive in the competitive manufacturing arena.

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Top Computer Aided Manufacturing Software Statistics 2024

☰ Use “CTRL+F” to quickly find Computer Aided Manufacturing Software facts. There are total 56 Computer Aided Manufacturing Software Statistics on this page 🙂

Market Size And Growth

  • The global digital manufacturing market is projected to grow from $276.5 billion in 2020 to $1,370.3 billion by 2030, at a CAGR of 16.5% from 2021 to 2030. [?]
  • The computer-aided manufacturing (CAM) market is forecasted to grow significantly, with a projected USD 3,615.98 million in 2023 at a CAGR of 10.67%, reaching USD 7,386.68 million by 2030. [2]
  • The digital manufacturing market size was $276.5 billion in 2020 and is projected to reach $1,370.3 billion by 2028. [1]
  • The digital manufacturing market is expected to grow at a CAGR of 16.73% from 2023 to 2028, reaching USD 1,134.3 billion by 2028. [9]
  • The digital manufacturing market for biologics is anticipated to reach USD 2.0 billion in 2024 and USD 12.30 billion by 2035, growing at a CAGR of 18% during the forecast period 2024 to 2035. [6]
  • The global digital manufacturing market size is anticipated to reach at USD 2.0 billion in 2024 to 12.30 billion by 2035, growing at a compounded annual growth rate (CAGR) of 18% during the forecast period 2024 to 2035. [6]
  • The digital biomanufacturing market is anticipated to grow at a CAGR of 18%, during the forecast period 2023-2035. [6]
  • The global digital manufacturing market size was valued at USD 387.65 billion in 2022 and is anticipated to reach USD 456 billion in 2023. [12]
  • The digital manufacturing market is expected to reach USD 1,670.45 billion by 2031, growing at a CAGR of 16.5% during the forecast period (2023-2031). [12]
  • The global Computer-Aided Manufacturing market size is expected to reach close to USD 5.066 billion by 2029 with an annualized growth rate of 7.98% through the projected period. [16]

Key Technologies And Trends

  • Industry 4.0 adoption in the automotive and transportation industry is accelerating automotive production at a faster pace. [1]
  • Industry 4.0 technologies such as Process Analytical Technology, Manufacturing Execution System, Data Analysis Software, and digital twin are facilitating smart biomanufacturing. [6]
  • The integration of physical equipment with digital software and platforms in digital manufacturing is known as digital biomanufacturing or bioprocessing 4.0. [6]
  • More than 140 digital technologies have been developed to enable the manufacturing of biologics. [6]
  • Digital twin technologies are expected to grow at a relatively high CAGR of 27% during the forecast period. [6]
  • North America and Europe capture around 75% share in the current global digital biomanufacturing market, followed by Asia-Pacific. [6]
  • 80% of the process analytical technology platforms offer process automation and bioprocess optimization and controls. [6]
  • Over 75 strategic partnerships related to digital biomanufacturing have been formed since 2018. [6]
  • Nearly 80% of manufacturing execution system companies are offering cloud-based MES solutions. [6]

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Market Segmentation

  • The hardware segment generated the highest revenue in the digital manufacturing market, accounting for 42.10% market share and is projected to grow at a CAGR of 16.0% from 2021 to 2030. [1]
  • The solution category in the CAM market showed tremendous growth in 2021 and is likely to retain its dominance in the coming years. [10]
  • The aerospace & defense industry segment led the worldwide CAM market share in 2021 and is likely to retain its dominance in the following years. [10]
  • North America led the global CAM market in 2021 and is expected to continue to do so during the forecast period. [10]

Regional Insights

  • The Americas commanded the largest market share of 38.74% in 2022 for the global CAM market, followed by Europe, Middle East & Africa. [2]
  • The United States commanded a significant portion of the digital manufacturing market, with annual construction spending in manufacturing standing at USD 201 billion in 2023. [8]
  • Europe, Middle East & Africa hold significant portions of the digital manufacturing market, with countries like South Korea, Saudi Arabia, and the United Arab Emirates showing substantial market sizes. [2]
  • North America holds the highest market share in the digital manufacturing market and is estimated to grow at a CAGR of 15.8% during the forecast period. [12]
  • The U.S. digital manufacturing market size was valued at USD 1.1 billion in 2022. [14]
  • China is forecast to reach a projected market size of USD 492.5 million by 2026, growing at a CAGR of 10.5%. [14]
  • Germany is expected to grow at approximately 7.6% CAGR, while the Rest of the European market will reach USD 549.4 Million by the end of the analysis period. [14]

Key Market Players And Initiatives

  • Leading companies in the CAM market include Autodesk Inc., Siemens EDA, Dassault Systèmes, PTC Inc., Hexagon AB, and others. [11]
  • In 2021, Autodesk Inc. launched Fusion 360 software platform, which combines data from CAM, CAD, and CAE on the cloud. [1]
  • In May 2021, Siemens EDA acquired Supplyframe, specialized in providing design-to-source platform to the electronics value chain. [1]
  • In April 2022, Autodesk Inc. announced the launch of its next-gen tools for the new era of infrastructure development. [10]
  • In November 2020, Autodesk launched a new set of products for Autodesk manufacturing cloud, a cloud-connected platform for design, manufacturing, and construction firms. [1]
  • In February 2019, Dassault Systèmes signed an agreement to acquire the elecworks product line from Trace Software International. [11]
  • In December 2018, Autodesk acquired PlanGrid to develop complementary construction software. [11]
  • In November 2020, Ansys and PTC launched CAD Creo Ansys simulation, the latest CAD market innovation. [13]
  • In March 2020, Trimble announced the launch of the Trimble platform-as-a-service. [12]
  • In June 2022, Tata Consultancy Services launched the TCS Servitization Engine on Oracle Cloud to help customers create subscription-first business models. [12]

Technological Integration And Advancements

  • CAM integrates with Microsoft 365, iManage, NetDocuments, file shares, and more. [3]
  • CAM software and machines have become more complex, requiring skills that approach those of a computer programmer and engineer. [4]
  • 3D printing technologies and innovations are rapidly expanding market opportunities in CAM. [14]
  • The use of cloud-based services in CAM is increasing due to their ability to reduce costs and provide scalable, flexible access to desired solutions. [14]
  • Digital manufacturing technologies include condition monitoring, predictive maintenance, quality management, process monitoring, and optimization. [7]
  • The central idea of digital manufacturing technologies is to integrate the production process within the factory with the movement of goods and services along the supply chain via data exchange. [5]

Challenges And Opportunities

  • The adoption of Industry 4.0 in the automotive & transportation industry is accelerating automotive production faster. [12]
  • The COVID-19 pandemic has pressured the biopharmaceutical industry to reduce production timelines and increase manufacturing capacity. [6]
  • Digital manufacturing of biologics, or bioprocessing 4.0, integrates physical equipment with digital software and platforms to streamline the biomanufacturing process. [6]
  • Key challenges include the availability of skilled labor, supply chain disruptions, and the need for product innovation to meet net-zero emissions goals. [8]
  • Government initiatives such as smart advanced manufacturing and rapid transformation hub (SAMARTH) and Udyog Bharat 4.0 in India are fueling market growth. [12]

Historical And Forecast Periods

  • The forecast period considered for the Digital manufacturing market is 2021 to 2030, with 2020 as the base year and 2021 as the estimated year. [1]
  • The Computer-Aided Manufacturing Market’s historical market size is covered for the years 2019, 2020, 2021, 2022, and 2023, and it forecasts for the years 2024, 2025, 2026, 2027, 2028, and 2029. [15]

Future Outlook

  • The Digital Manufacturing Market is poised for robust expansion and is expected to reach US$ 1,134.3 billion by 2028. [9]
  • The global digital manufacturing market size is anticipated to be worth around USD 15 billion, driven by improved data analytics, better product yield, faster production timelines, and rising interest in paperless manufacturing. [6]
  • The digital manufacturing market is anticipated to grow at a CAGR of 16.5% during the forecast period (2023-2031), reaching USD 1,670.45 billion by 2031. [12]

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Sources

  1. alliedmarketresearch – https://www.alliedmarketresearch.com/digital-manufacturing-market-A11759
  2. giiresearch – https://www.giiresearch.com/report/ires1303350-computer-aided-manufacturing-market-by-component.html
  3. litera – https://www.litera.com/blog/five-pillars-cam-manage-data-between-systems
  4. wikipedia – https://en.wikipedia.org/wiki/Computer-aided_manufacturing
  5. openedition – https://journals.openedition.org/rei/8653
  6. rootsanalysis – https://www.rootsanalysis.com/reports/digital-biomanufacturing-market.html
  7. springer – https://link.springer.com/article/10.1007/s11740-023-01196-5
  8. deloitte – https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-industry-outlook.html
  9. globenewswire – https://www.globenewswire.com/en/news-release/2023/09/28/2751199/28124/en/Digital-Manufacturing-Market-Surges-to-424-7-Billion-in-2022-Set-to-Reach-1-134-3-Billion-by-2028.html
  10. skyquestt – https://www.skyquestt.com/report/computer-aided-manufacturing-market
  11. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/computer-aided-manufacturing-market-251259446.html
  12. straitsresearch – https://straitsresearch.com/report/digital-manufacturing-market
  13. emergenresearch – https://www.emergenresearch.com/industry-report/computer-aided-design-market
  14. globenewswire – https://www.globenewswire.com/en/news-release/2022/08/29/2505868/28124/en/Global-Computer-Aided-Manufacturing-Market-Report-to-2026-Technology-Innovations-in-CAM-Technology-to-Expand-Market-Opportunities.html
  15. mordorintelligence – https://www.mordorintelligence.com/industry-reports/computer-aided-manufacturing-market
  16. adroitmarketresearch – https://www.adroitmarketresearch.com/industry-reports/computer-aided-manufacturing-market

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