CAD in Industrial Machinery Market Size to Reach US$ 13.4 Billion 2023-2028

IMARC Group, a leading market research company, has recently releases report titled, "CAD in Industrial Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The study provides a detailed analysis of the industry, including the global CAD in industrial machinery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the CAD in industrial machinery market?

The global CAD in industrial machinery market size reached US$ 9.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.05% during 2023-2028.

What is CAD in industrial machinery?

CAD, called as computer-aided design, plays a vital role in industrial machinery, enabling engineers and designers to visualize their ideas and concepts digitally. It facilitates the exploration of numerous design alternatives and iterations by creating, modifying, and optimizing designs. CAD software offers several features and tools for precise measurements, complex geometries, and accurate simulations. It generates detailed two- and three-dimensional (2/3D) models of machinery components, assemblies, and systems, allowing virtual simulations and analyses, including stress analysis, motion analysis, and fluid flow simulations. Consequently, computer-aided design improves productivity, reduces costs, and enhances the quality, functionality, performance, and manufacturability of equipment.

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What are the growth prospects and trends in the CAD in industrial machinery industry?

The rising requirement for advanced and technologically sophisticated mechanisms in the automotive, aerospace, and manufacturing industries is among the key factors driving the CAD in industrial machinery market. Moreover, the introduction of the fourth industrial revolution (Industry 4.0) and the increasing need for digitalization and automation in this machinery sector are also stimulating the market growth. Besides this, the inflating focus on product customization, as CAD software is used to design complex and customized equipment components and systems to fulfill specific customer requirements, is acting as another significant growth-inducing factor. Furthermore, the growing need for cost-effective, energy-efficient, and sustainable tools, on account of regulatory standards and certifications, is further propelling the global market. Apart from this, ongoing technological advancements, such as cloud-based CAD software and the integration of other software applications, including product lifecycle management (PLM) and computer-aided manufacturing (CAM) systems, are positively influencing the market growth. Additionally, the escalating demand for 3D printing in the industrial machinery sector, where CAD software is essential for designing and modeling, is anticipated to fuel the CAD in industrial machinery market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:
3D
2d

Application Insights:
Special Purpose Machines
Production Equipment
Earth Moving Machinery
Printing/Packaging Machinery
Industrial Goods and Equipment
Automation and Robotics
Others

Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Autodesk Inc.
Bontex Srl
Bricsys NV (Hexagon)
Browzwear Solutions Pte. Ltd.
CAD International
Dassault Systemes
Graebert GmbH
Lectra
PTC Inc.
Siemens Aktiengesellschaft, etc.

Browse full report with TOC & List of Figure: https://www.imarcgroup.com/cad-in-industrial-machinery-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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