India's CAD Software Market Set for 9.3% CAGR Growth

According to the latest market research study published by P&S Intelligence, the Indian computer-aided design (CAD) software market has experienced significant growth, generating $617.6 million in revenue in 2023. Projections indicate a robust Compound Annual Growth Rate (CAGR) of 9.3% from 2025 to 2030, with revenues expected to reach $1,144.9 million by 2030.

This upward trajectory is primarily driven by the increasing adoption of CAD software in the construction sector, a heightened focus on smart manufacturing, the necessity for rapid product development, and the demand for precise, high-quality designs. Government initiatives aimed at infrastructure development across various states are further propelling the market, leading to substantial investments in sectors such as automotive, aerospace, and healthcare.

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Key Insights

Technology Segmentation:

The market is categorized into 2D and 3D CAD software, with 3D CAD software holding the largest share.

Deployment Models:

CAD software deployment is segmented into on-premises and cloud-based models. The cloud-based segment is experiencing rapid growth due to its scalability and cost-effectiveness.

Licensing Trends:

There is a notable shift from perpetual licensing to subscription-based models, making CAD software more accessible to small and medium-sized enterprises (SMEs).

Organizational Adoption:

Both large enterprises and SMEs are increasingly integrating CAD software to enhance design accuracy and streamline production processes.

Industry Applications:

The architecture, engineering, and construction (AEC) industry is a major consumer of CAD software, utilizing it for designing complex structures and improving project efficiency. The manufacturing sector also leverages CAD for product design and development.

Regional Insights:

Maharashtra emerges as both the largest and fastest-growing state in terms of CAD software adoption, attributed to its robust industrial base and infrastructure projects.

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Technological Advancements:

The integration of CAD with technologies like Building Information Modeling (BIM) and the Internet of Things (IoT) is enhancing design capabilities and operational efficiencies.

Competitive Landscape:

The market is fragmented, with numerous players offering diverse CAD solutions. Companies are focusing on innovation and user-friendly interfaces to gain a competitive edge.

Emerging Opportunities:

The rise of smart cities and infrastructure projects presents significant growth opportunities for CAD software providers. Additionally, the increasing emphasis on sustainable design is driving the adoption of advanced CAD tools.

Browse More Report Published by P&S:

Global CAD Software Market - https://www.psmarketresearch.com/market-analysis/cad-software-market

U.S. CAD Software Market - https://www.psmarketresearch.com/market-analysis/us-cad-software-market

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