U.S is predicted to dominate the global CAM software market during the forecast period due to the region's large presence of distributors and resellers selling CAM software. CAM Software Market Segment Analysis - By GeographyĬAM Software market in Asia-Pacific region held significant market share of 40.5% in 2020. Such initiatives will create more opportunities for CAM Software Market during the forecast period 2021 – 2026. In the railway networks CAM is used to generate the CNC code and CNC machine performs all the machining as the train part work piece is installed on a machine that does not require a high degree of accuracy for its extrusion. This deal is mainly aimed at the expansion of the rail network in the Virginia area.

In December 2019, the state of Virginia has announced plans to acquire a 360 km of railway from Class I railroad CSX Corp for $5♶bn. The CAM software technology is segmented into three types by integration, of which the standalone has the widest variety of applications and held the largest market share estimated to around 74.08% in 2020. Additionally, the Healthcare sector is witnessing a significant growth rate estimated to around a CAGR of 1.32% during the forecast period 2021 – 2026. CAM Software Market Segment Analysis - By VerticalĪmong all the other end user industries, the CAM Software Market was dominated by Automotive vertical as they held the largest market share of around 23.63% in 2020. This technology will provide machine operators with greater assurance through AI based algorithms and eliminating manual data input. Through this acquisition Hexagon is about to bring high performance CNC machine programming, optimization and simulation for precision manufacturing applications. In October 2020, a developer of sensor, software and autonomous solution Hexagon AB signed an agreement to acquire DP Technology Corporation. companies are increasingly opting to invest in automation to survive changing market conditions brought by the COVID-19 pandemic. In July 2020, Honeywell has stated that more than half of U.S. Covid-19 has significantly impacted the manufacturing sector, thereby resulting in the higher adoption of automation in 2020, boosting the CAM software usage as they handle large assemblies.

The CAM software is segmented into two types by model, of which the 3D CAM software such as solid modeling, surface modeling, sculpting and others has the widest variety of applications and held the largest market share estimated to around 73.1% in 2020.

Hexagon cam software