Global Cutting CAD or CAM Software Market Overview:
Cutting CAD or CAM Software is used in manufacturing processes to automate the designing processes. Various manufacturing processes such as sheet metal working, cutting process and mechanized welding are performed using this software. As automation across industries is being the new norm with focus on reducing the waste at fore. Considering the rising deployment of cutting CAD or CAM software, the advent of AI and machine learning are further expected to boost its efficiency.
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Growing Focus Towards Industrial Automation and Waste Reduction and End-to-end Seamless Integration
Market Growth Drivers:
Ability to Reduce the Need for Expensive Draftsman in Designing, Helps Automate the Designing Processes and Visualize Accurate 3D Models and Rising Manufacturing Complexity
Problems Associated with Power Cut and Viruses and Lack of Skilled Operators and Training Services
High Initial Cost of Industrial CAD-CAM Software and Intricacy Involved in Maintenance of Computer Aided Manufacturing Software
Rise in Manufacturing Processes in Emerging Countries
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are ABB (Switzerland), Auto Desk (United States), Sigmanest (United States), Alma (France), Metalix (United States), Hypertherm (United States), Lantek (Spain), IGEMS (Sweden), Alphacam (United Kingdom), Infolab (Italy) and CutLeader (China). Additionally, following companies can also be profiled that are part of our coverage like Shopdata (United States), Strikersystems (United States), Esprit Automation Ltd (United States), Hyperthermcam (United States), Optimal Yield Solutions (United States) and Design Solutions B.V. (Netherlands). Analyst at AMA Research see United States Players to retain maximum share of Global Cutting CAD or CAM Software market by 2028. Considering Market by End User, the sub-segment i.e. Aerospace & Defense Industry will boost the Cutting CAD or CAM Software market. Considering Market by Machine, the sub-segment i.e. Laser Cutting Machine will boost the Cutting CAD or CAM Software market.
Latest Market Insights:
In October 2023, HEXAGON has introduced the latest version of its RADAN sheet metal CAD/CAM software, RADAN 2024 R1. This release brings a host of new features and enhancements designed to streamline sheet metal manufacturing processes and improve productivity.
In April 2021, Electronic Design Automation (EDA) software pioneer CAD Design Software (CDS) has released Electronics Packaging Designer (EPD) suites ACAM and BWX, two independent conversion products, and a new version 8.3, all of which are driven by AutoCAD 2019 OEM for Windows.
What Can be Explored with the Cutting CAD or CAM Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cutting CAD or CAM Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cutting CAD or CAM Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cutting CAD or CAM Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cutting CAD or CAM Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes CAD/CAM Software providers, System Integrator, Research Institutes, Government Agencies, Potential Technology Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.