Press release
U.S. CAD Software Market Size, Share, Growth, Trends, Applications, and Industry Strategies
Factors such as the increasing use of the computer-aided design (CAD) software in the packaging sector and the surging production of quality components and products in the automotive industry are expected to drive the U.S. CAD software market at a CAGR of 5.7% during 2020–2030. According to P&S Intelligence, the market was valued at $2,458.6 million in 2020, and it will generate $4,271.5 million revenue by 2030. As vehicle owners are generating an extensive demand for quality parts, automakers are using advanced CAD-enabled tools for product designing and development.Get the Free Sample Pages: https://www.psmarketresearch.com/market-analysis/us-cad-software-market/report-sample
The increasing use of the CAD software in the packaging sector is one of the primary growth drivers for the market. Packaging machinery is used for product filling, labeling, wrapping, and strapping. Over the years, packaging machines have become more complex, owing to which designers and engineers are increasingly adopting the CAD software to meet the mechatronic engineering challenges, as it allows unconventional modeling of this machinery through communication and simulation control tools. These tools help in reducing the cost and energy consumption of machines by optimizing motors and helping select actuators.
Nowadays, the shift of end users from 2D CAD to 3D CAD, on account of the rising demand for accuracy and speed in product designing and development, while upholding the product quality, has become a prominent trend in the U.S. CAD software market. In recent years, the automotive and aerospace & defense industries have become aware of the benefits of 3D CAD solutions, owing to which they are strongly focusing on this technology to digitally prototype their products before mass production.
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Nowadays, the shift of end users from 2D CAD to 3D CAD, on account of the rising demand for accuracy and speed in product designing and development, while upholding the product quality, has become a prominent trend in the U.S. CAD software market. In recent years, the automotive and aerospace & defense industries have become aware of the benefits of 3D CAD solutions, owing to which they are strongly focusing on this technology to digitally prototype their products before mass production.
Therefore, the rising demand for quality vehicle parts and the surging use of the CAD software in the packaging sector are the major growth drivers for the market.
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P&S Intelligence 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.
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