Computer Aided Manufacturing Market In-Depth Analysis of Industry Share, Growth Outlook 2030
The global computer-aided manufacturing (CAM) market was valued at USD 3.47 billion in 2023 and is anticipated to reach USD 6.20 billion by 2030, progressing at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2030. This notable growth is primarily driven by the rising adoption of automation and digital transformation initiatives across various manufacturing sectors. As industries strive to improve production efficiency, reduce operational costs, and streamline processes, the adoption of CAM software has become increasingly critical. These software solutions enable manufacturers to enhance precision and productivity while minimizing lead times and production waste, offering a competitive edge. The surge in demand for CAM solutions is particularly prominent in industries such as automotive, aerospace, and electronics, where product complexity, precision, and rapid prototyping play crucial roles. These sectors benefit substantially from CAM’s ability to prov...