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CAD Software Market Share, Size, Future Demand, Top Leading Player, and Emerging Trends
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With these systems becoming highly complex, designers and engineers are rapidly adopting the computer-aided design software for overcoming the various mechatronic engineering obstacles and challenges. Moreover, the utilization of the CAD software makes the unconventional modeling of packaging machines possible. This is achieved with the help of several communication control and simulation tools. Additionally, the soaring requirement for smart packaging is fueling the popularity of the CAD technology across the globe.
Apart from being extensively used in the packaging industry, the CAD software is also heavily used in the automotive industry. With the rising focus of automobile manufacturers and end users on the quality of the product, the adoption of the CAD software is growing rapidly in the automotive industry. Furthermore, the ballooning deployment of connected cars is propelling the demand for advanced tools and solutions that are integrated with the CAD software for facilitating the development and design of products.
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The integration of the CAD software plays a major role in ensuring the precision and quality standards during the manufacturing of various automotive parts and components. Due to these factors, the global demand for the CAD software is exploding, which is, in turn, fueling the expansion in the global computer-aided design (CAD) software market. As a result, the valuation of the market is predicted to grow from $9.3 billion in 2019 to $18.7 billion by 2030.
Furthermore, the market is predicted to progress at a CAGR of 6.6% between 2020 and 2030. Depending on technology, the CAD software market is bifurcated into 3D and 2D categories. Between them, the 3D CAD software category is predicted to record rapid growth in the market in the upcoming years. This will be because the 3D CAD software offers several advantages over the 2D one such as better product presentation and visualization.
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