Computer Aided Design (CAD) Market Investment Opportunities, Industry Share & Trend Analysis Report to 2028
According to the most recent Emergen Research analysis, the global Computer Aided Design (CAD) market is expected to reach USD 12.97 billion in 2028 at a 5.4% CAGR. The rapid growth of the market can be attributed to an increase in the adoption of CAD in various application verticals, which is one of the major factors contributing to market growth. The use of CAD software shortens the time required to sketch. Furthermore, 3D models can be easily created using CAD software. When compared to traditional methods, this allows industries to design and analyse products at a fraction of the cost.
Nowadays, the most common applications of computer-aided software are in the manufacture of furniture. Thanks to technologies like CAD, it is reviving woodwork art. Thousands of online platforms that provide model inspiration and can help in building precisely the piece that prevails primarily in imagination can reap benefits, thereby propelling the computer-aided design industry. Throughout the period, global demand for health and medical-related goods changed. While traditional manufacturing techniques were hampered by lockdowns and disruptions in the transportation sector. This resulted in the need for geographically dispersed, small, and quick manufacturing units, as well as a smart computer-aided design facility. The availability of 3D printing technology and an open-source model made it possible to meet this requirement.
These computer-aided designs are used in industries such as healthcare, government, and education. Premise computer-aided design market segments will have moderate market demand. These aided systems have a lengthy installation process. This software allows for professional and technical drawing. The software also makes it simple to change the design. Simple modifications, quick design, and efficient manufacturing are all factors that will increase awareness. According to the computer Aided design market forecast, all of these factors are expected to increase market value.
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Key Highlights of Report
Autodesk Inc. released an updated version of Fusion360 in April 2018 to improve product designs in the automotive and aerospace industries.
North America had the largest market share in 2020 and is expected to grow during the forecast period, owing to the large number of new industries that are being established in the region. Increased construction activity in the region is also driving market growth.
The cloud segment is expected to grow at the fastest rate during the forecast period, owing to an increase in the adoption of cloud services by businesses in order to reduce system maintenance costs.
3D Systems Corporation, Autodesk Inc., AVEVA Group plc., Dassault Systèmes, Hexagon AB, Nemetschek SE, PTC Inc., Siemens Product Lifecycle Management Software Inc., TRIMBLE INC., and Advanced Computer Solutions Limited are major players in the Computer Aided Design (CAD) market.
Emergen Research has segmented global Computer Aided Design (CAD) market based on technology type, deployment type, application, and region:
Technology Type Outlook (Revenue, USD Billion; 2018–2028)
- 3D design
- 2D design
Deployment Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
- Automotive Industry
- Aerospace and Defense
- Building and Construction
- Industrial Machinery
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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