North America is expected to hold the largest market size and dominate the Computer-Aided Manufacturing market from 2018 to 2023. North America is a major hub for technological innovations and an early adopter of new technologies. Increased adoption of cloud-based CAM solution for enhancing manufacturing process and automating production has boosted the Computer-Aided Manufacturing in North America. The presence of major players in the region also supports the demand and awareness regarding the CAM/CAD/CAE technologies. Adoption of IT as well as enabling technologies in process industries is rising owing to the need to track the real-time data and improve visibility and control on production activities. Key factors driving growth in North America are shifting toward automated production, an established ecosystem for manufacturing practices and continuous Research and Development (R&D) investments by manufacturers to drive innovation into their manufacturing processes.

CAM solution enables enterprises to efficiently design and manufacture products with the help of CNC machines. CAM helps organizations to minimize errors in designing and manufacturing processes. Computer-Aided Manufacturing market solutions can be easily integrated with the designing tool, thereby providing enhanced ability to adapt changes and increase the efficiency of manufacturing processes. the solution enables organizations to manage design changes in an easy and fast manner. The solution empowers various stakeholders in an organization, including machinists, designers, and engineers, to carry out their tasks effectively, thereby, reducing the overall time taken in the manufacturing of a product. The Computer-Aided Manufacturing has been segmented into components, which include solutions and services. Services are further categorized into training and education and support and maintenance.

Growing industrial and robotic automation is expected to boost the growth of market across various industries globally.

In today’s highly competitive automotive industry, companies are looking forward to adopting smart manufacturing technologies for reducing the manufacturing cycle time. Automobile manufacturers emphasize on continually improving their manufacturing processes through the adoption of various technological innovations for ensuring the delivery of quality products. Technological innovations, latest machines, equipment, and use of CAM solution in automobiles manufacturing processes have helped automakers and fabricators to reduce the production time significantly and enhance the overall efficiency of manufacturing. Furthermore, the increased adoption of smart technologies and Internet of Things (IoT) powered solutions, such as connected cars, connected logistics, predictive maintenance, and connected fleet, has created several opportunities for global Computer-Aided Manufacturing market.

In February 2019, Dassault Systèmes signed an agreement to acquire elecworks product line from Trace Software International. Elecworks product line comprises electrical and automation design software, which would empower Dassault Systèmes to strengthen its foothold in various industries including industrial equipment, high-tech, and energy.