The global CAM software market size was US$ 2.6 billion in 2021. The global CAM software market is forecast to grow to US$ 4.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2022 to 2030.

CAM or Computer-aided manufacturing is used to assists architects, engineers, and other professionals in designing and manufacturing objects or products. This software aid users with planning, transportation, storage, and management and maintains fast production processes & components.

Factors Influencing the Market

Growing industrialization and favorable policies by government bodies, mainly in developing countries, will contribute to the growth of the global CAM software market. Furthermore, rising investment in R&D activities will offer ample growth opportunities.

However, the availability of free and open-source CAM software may restrict the market growth.

Growing automation across various industrial verticals and the rising popularity of artificial intelligence (AI), the Internet of Things (IoT), 3D printing, and biotechnology will contribute to the growth of the global CAM software market.

The benefits of CAM software, such as better productivity, high accuracy, and ease of designing, will benefit the global CAM software market.

New launches will gain significant traction during the forecast period. For instance, 3D Systems unveiled GibbsCAM 12 in 2017. It is a CAM software that is used for multi-task machining (MTM), mill/turn, and production manufacturing.

The wide applications of CAM software in the Aerospace and Defense Industry, Shipbuilding Industry, Automobile and Train Industry, and Machine Tool Industry will escalate the growth of the overall market during the study period.

COVID-19 Impact Analysis

The COVID-19 outbreak had a mild impact on the global Computer-Aided Manufacturing (CAM) market. The adoption of CAM software decreased significantly from various end-use verticals except for healthcare. The demand for Computer-Aided Manufacturing (CAM) increased in healthcare as it became essential to produce medical supplies. Thus, various manufacturing units adopted CAM software to manufacture supplies efficiently and accurately. For instance, U.K. Precision Inc. deployed Mastercam CAD/CAM software from CNC Software Inc. during the pandemic period.

Regional Analysis

Based on the regions, the global CAM software market is forecast to witness rapid growth in Asia-Pacific. It is due to growing healthcare expenditure in emerging economies like China, India, Japan, etc. In addition, the growing deployment of advanced technologies, such as the industrial internet of things (IIOT), advanced robotics, and augmented reality, will contribute to the growth of the Asia-Pacific CAM software market.

Competitors in the Market

Autodesk Inc.
SolidCAM Ltd.
EdgeCAM
Mastercam
ZWCAD Software Co., Ltd.
BobCAD-CAM, Inc.
Cimatron Group
GRZ Software
Camnetics, Inc.
MecSoft Corporation
Dassault Systmes
Siemens Product Lifecycle Management Software Inc.
Other Prominent Players
Market Segmentation

The global CAM software market segmentation focuses on Application, Design, and Region.

By Application Outlook

Aerospace and Defense Industry
Shipbuilding Industry
Automobile and Train Industry
Machine Tool Industry
Others
By Design Type Outlook

2D
3D
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America