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Computer Aided Design Market Worth USD 12.97 Billion by 2028 - Emergen Research
Computer Aided Design
The global Computer Aided Design (CAD) market is expected to reach a market size of USD 12.97 Billion at a rapid CAGR of 5.4% in 2028. The rapid growth in the market can be attributed to the rise in the adoption of CAD in various application verticals is one of the major factors contributing to growth of the market. Use of CAD software reduces the time taken to sketch. Moreover, 3D models can easily be formed through CAD software. This helps the industries in designing and analyzing the product with just a fraction of the cost as compared to the conventional methods. CAD provides a wide range of modification possibilities to the product right at the designing phase. All these advantages and benefits of CAD contribute to growth of the market. Rise in the digitalization of manufacturing processes is also a major factor for growth of the market.
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The research study presents an industry-wide summary of the Computer Aided Design market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Computer Aided Design research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
Key Highlights of Report
In February 2021, Lectra announced its plans to acquire Gerber Technology in order to expand its market by utilizing the CAD technology of Gerber.
In April 2018, an updated version of Fusion360 was launched by Autodesk Inc. to enhance product designs in automotive and aerospace industries.
North America had the maximum market share in 2020 and is expected to witness a growth over the forecast period, attributed to the large number of new industries being established in the region. Increase in the construction activities in the region is also driving growth of the market.
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
3D Systems Corporation, Autodesk Inc., AVEVA Group plc., Dassault Systèmes, Hexagon AB, Nemetschek SE, PTC Inc., Siemens Product Lifecycle Management Software Inc., TRIMBLE INC., Advanced Computer Solutions Limited.
The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
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Major regions include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report studies the market in these regions on the basis of demand and trends, consumer behavior and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and demand, production and consumption patterns, import/export, and presence of key players in each region.
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)
Cloud
On-premise
Application Outlook (Revenue, USD Billion; 2018-2028)
Automotive Industry
Aerospace and Defense
Building and Construction
Industrial Machinery
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