Market Research Report
Computer Aided Manufacturing Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||866677|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|Computer Aided Manufacturing Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: June 1, 2019||Content info: 100 Pages||
The computer aided manufacturing market is expected to register a CAGR of 7.8% during the forecast period (2019-2024). CAM reduces waste and energy for enhanced manufacturing and production efficiency via increased production speeds, raw material consistency, and more precise tooling accuracy. The rapid growth in the use of CAM technologies was made possible by the development of mass-produced silicon chips and the microprocessor, resulting in more readily affordable computers.
Computer-aided manufacturing (CAM) uses geometrical design data to constrain automated machinery. CAM systems are associated with computer numerical control (CNC) or direct numerical control (DNC) systems. These systems differ from initial forms of numerical control (NC) in that geometrical data are encoded mechanically. The use of computer modeling to test products is pioneered by high-tech industries like aerospace and semiconductors.
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 of information system 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 application in handling the gargantuan part files typical in automotive designs part files that might contain upwards of 14,000 components.
In using Automotive CAM systems, the 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.
North America is Expected to have the Highest Market Share
With the increased adoption rate of industrial robotics in the United States region, the CAM adoption have been multiplied in the recent past. With the industrial robots coming into the picture, the CAM has helped to improve the functioning of the robotics.
The increased competition betweeen the manufacturers in North America has to lead to 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 in order to increase efficiencies.
The increased cost of labor in the United States has forced the manufacturers to adopt automation in order to reduce the expenditures. With the adoption of CAM, the risks associated with human labor is also reduced by a large amount.
The computer aided manufacturing market consists of several players. In terms of market share, no players have a significant amount of market share. The market is fragmented in nature with a large number of competitors existing in the market. The providers are constantly innovating their products in order to meet the latest demand catering to the latest industrial trends.