Growing demand for computer-aided manufacturing tools in various sectors is the major factors expect

Computer-aided manufacturing is used in many applications and is referred as the use of numerical control computer software applications to generate or create detailed instructions (G-code) that later drives to computer numerical control machine tools for manufacturing parts. As these computer-aided manufacturing produce high quality parts many manufactures depend on CAM. Computer-aided manufacturing is used for manufacturing plan for tooling design, computer-aided design (CAD) model preparation, NC programming, coordinate measuring machine (CMM) inspection programming, machine tool simulation, or post-processing. CAM is the successor of computer-aided engineering (CAE) and is often used in tandem with computer-aided design (CAD). Modern computer-aided manufacturing consists of real-time controls and robotics.

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Growing demand for computer-aided manufacturing tools in various sectors such as automobiles, aerospace & defence coupled with rapid industrialization and growing use of CAM software in packaging machinery, and others verticals are major factors expected to drive growth of the global computer-aided manufacturing market. In addition, rising adoption of cloud technologies is one of the other factor expected to drive growth of the global computer-aided manufacturing market. Furthermore, increasing government support for digitalization and automation of various products manufacturing companies is expected to drive revenue growth of the target market. However, availability of open-source, free CAM software, and high costs of computer-aided manufacturing software are major factors expected to restraint growth of the global target market over the forecasted period.

Major players in the target market are focusing on collaborating with various players in order to develop a novel computer-aided manufacturing software by using various advance technologies. This is among some ongoing trend observed in the global computer-aided manufacturing market, currently.

The global computer-aided manufacturing market is segmented on the basis of type, applications, and region. On the basis of type, the global market is segmented into 2D, 3D.

The global computer-aided manufacturing market is estimated to account for majority revenue share in 2018, and is expected to continue contributing the highest revenue share over the forecast period (2018 – 2027). The 3D segment is projected to register highest CAGR in the global market over the forecast period.

On the basis of applications, the global market is segmented into Aerospace & Defence Industry, Shipbuilding Industry, Automobile & Train Industry, Machine Tool Industry.

The Automobile segment is estimated to account for highest share in terms of revenue, and is expected to continue dominating in the global market over the forecast period. The Machine Tool segment is projected to register highest growth rate between 2018 and 2027.

On the basis of region, the global computer-aided manufacturing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is estimated to account for highest share in terms of revenue, and is expected to maintain its dominance over the forecast period. The Asia Pacific voltage regulators market is expected to witness highest growth in terms of revenue during the forecast period. The market in North America is expected to account for significant share in the global market.

Key players operating in the global computer-aided manufacturing market include Autodesk Inc., SolidCAM Ltd., EdgeCAM, ZWCAD Software Co., Ltd., GRZ Software, BobCAD-CAM, Inc., Cimatron Group.

Sumit Khatpe is a content writer at MarketResearch.biz. He creates customized research reports across all markets https://marketresearch.biz/report/biosimilar-monoclonal-antibodies-market/