openPR Logo
Press release

CAD Software Market Will Reach $12.1 Billion by 2023

10-02-2018 11:26 AM CET | IT, New Media & Software

Press release from: P&S Intelligence

The global CAD software market is growing at a CAGR of 6.6% during 2018–2023 and will reach $12.1 billion by 2023. Growing focus toward precise designing and complex structure prototyping, advancements in technology, and increasing demand for CAD software in automotive, packaging, and medical verticals are the major factors driving the market growth.

Request for a free sample copy of this research report @

On the basis of technology, the CAD software market has been categorized into 2D software and 3D software, of which the market for 3D software is projected to grow faster during the forecast period, witnessing a CAGR of 6.7%. This can be attributed to the growing inclination of designers and engineers toward professional prototyping and design creation, especially in precision-demanding domains, such as automotive and medical.

On the basis of model, the CAD software market has been categorized into wireframe, surface, and solid models. With advancements in technology and growing demand for precise designing and visualization of complex models, the market for solid models is expected to witness the fastest CAGR, of 7.4%, during the forecast period. The key factor propelling the growth of the CAD software market is the surging adoption of CAD in the automotive industry.

During the forecast period, the CAD software market is expected to witness the fastest growth in APAC, owing to the growing usage of CAD software across the region for the development of advanced medical devices and diagnostic tools, especially in technologically inclined countries such as China, Japan and India.

Explore report description @

Some of the key players operating in the CAD software market are Autodesk Inc., Bentley Systems Inc., Dassault Systemes, Trimble Inc., PTC Inc., Gstarsoft Co. Ltd., 3D Systems Corporation, Aveva Group Plc., Hexagon AB, IronCAD LLC and Siemens AG.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CAD Software Market Will Reach $12.1 Billion by 2023 here

News-ID: 1274751 • Views: 438

More Releases from P&S Intelligence

Private Healthcare Insurance Industry Analysis
The private healthcare insurance industry is expected to witness significant growth in major countries, such as the U.S., Germany, France, the U.K., China, and Brazil. These countries have a number of giant players offering private healthcare plans. Download sample copy of this report: In the U.S., the healthcare insurance industry has mixture of private and public companies. Some of the major private companies operating in the U.S. private healthcare insurance industry
Need to Protect the Environment Propelling the Electric Scooter and Motorcycle M …
Due to government initiatives toward the adoption of eco-friendly vehicles in the form of tax concessions, rapid urbanization, growing concern for carbon emission, and low maintenance cost of electric vehicles, the market for electric two wheelers is growing. The electric scooter and motorcycle market size is projected to grow to $13,864.0 million by 2025, increasing at a 7.3% CAGR during the forecast period (2018–2025). The domain has been segmented
Asia Pacific Low Speed Electric Vehicle Market Development, Growth, and Demand F …
Stringent government regulations on emissions coupled with the rising demand for cleaner air is driving the growth of the Asia low-speed electric vehicle market. An electric vehicle is the one that utilizes an electric motor for propulsion instead of an internal combustion engine, hence producing no carbon emission. The ‘low-speed’ aspect here concerns the vehicle speed, which ranges between 25 kmph and 50 kmph. On the basis of product, the
Power Rental Market
The demand for power from the emerging economies, including Qatar, Turkey, India, China, South Korea, Brazil, and Thailand, is surging at the present time due to their swift transformation in terms of industrialization, acceptance of mixed economy, and technological advancements. In addition to this, these countries are continuously witnessing a surge in infrastructure and construction-related activities, which is further supporting their economic growth. All these developmental activities need electricity for

All 5 Releases

More Releases for CAD

Global 3D Cad Market growth driving Due to Shift from 2D CAD to 3D CAD Technolog …
The 3D CAD market is set to reach $7.2 billion by 2022, growing at a CAGR of 4.9% between 2016-2022. The market is driven by factors, such as increasing product recalls in automotive industry, shift from 2D CAD to 3D CAD, and use of 3D CAD in packaging machinery. In terms of model, the 3D CAD market is segmented into wire-frame model, surface model, and solid model. Solid model was
Simply more fun with CAD
The ergonomic design and an optimised range of functions in the new R6 generation of the MEDUSA4 CAD software provide an incomparable CAD experience Cambridge, UK and Pittsford, NY – 1 March 2016: The new R6 generation of MEDUSA4 is now available after extensive development work. The wide range of functions in the CAD software now offers even greater benefits and the new, ergonomic design simply makes more fun for users.
Simply more fun with CAD
Cambridge, UK and Pittsford, NY – 4 March 2016: The new R6 generation of MEDUSA4 is now available after extensive development work. The wide range of functions in the CAD software now offers even greater benefits and the new, ergonomic design simply makes more fun for users. A new Generation MEDUSA4 has always evolved on the basis of customer requests and their industry-specific requirements. A number of beta testers have been
CDS CAD Download Solution Integrated in New Dorner CAD Configurator
Allows Users to Build Complete Conveyor Assemblies to Exact Specifications and Download CAD models San Jose, CA, November 13, 2012. CDS (Catalog Data Solutions, Inc.), a leading provider of online product selection tools for industrial suppliers, today announced that Dorner Manufacturing Corporation has integrated the CDS ModelServer with their new CAD Configurator to enable creation and download of exact CAD models of custom conveyor assemblies. Dorner designs, manufactures and integrates conveyor
CAD Download Solution Implemented at Heli-Tek
SAN JOSE, California – October 16, 2012 – CDS (Catalog Data Solutions), a leading provider of online Software as a Service (SaaS) solutions for industrial suppliers, today announced that its online CAD download solution is implemented on the Heli-Tek website for Precision Screw Thread (PST) Corp. Heli-Tek provides precision ball screw manufacturing and distribution. “We realized that product research, selection and buying had moved online and adapted our website strategy
Gstarsoft Brings CAD Application to Android
Beijing, China: February 16, 2012—GstarCAD, the leading 2D/3D CAD software provider today announced that the application that could be operated on Android is in development after a serial of releases of GstarCAD MC (Mobile Clients) for iOS mobile devices (running on iPad, iPhone and iTouch) last year. Nobody can ignore Android and deny its expanding momentum when it comes to the operating systems for mobile devices due to its openness.