Computer Integrated Manufacturing (CIM) to Bolster the Demand for CAD

Computer aided design (CAD) market expected to hit US$ 14.03 Bn by 2026, expanding with a CAGR of 6.8% during the forecast period from 2018 to 2026. Principally governed by North America, CAD market driven by rising adoption of computer integrated manufacturing (CIM) approach. CIM refers to modern manufacturing approach integrated with the controlling systems to regulate the entire manufacturing process from design to delivery. CAD is integral part of CIM process, as it offers the solution that makes overall product development operation much easier. While CAD exerted a major influence on numerous industries, it proved revolutionary in product designing process.  Major advantage of CAD in product designing process refers to added product design flexibility, which enables engineers to evade costly errors. The use of CAD for animation and real-time simulation prompted research activities into more deep analysis.  Further, CAD systems extract data from computed tomography (CT) scanners and generate CAD models, thereby demonstrated as vital technology in healthcare sector. Wide array of applications of CAD would ensure strong growth for market throughout the forecast period.

3-D CAD Leads the Market & Accounted to Retain Its Dominant Position

3-D design technology leads the overall CAD market, accounting close to 3/4th of the global market value. 3-D product model quickly & easily enables generating exploded outlooks for assembly instructions and technical illustrations without any further drafting. Designed model used to examine number of parameters such as strength or temperature resistance before product design finalization, enabling much faster and cheaper workflow. 3D design technology allows designers or engineers to build soft models of assemblies. Such models then CNC machined or 3D printed  as well as used to run complex simulations. Flexibility in product development offered by 3-D model would ensure strong growth for 3-D design segment throughout the forecast period.

Persistent Development of End-use Industries to Ensure Fastest Growth of CAD Market In Asia Pacific Region throughout the Forecast Period

Currently, Asia Pacific market accounting more than 1/4th of the overall CAD market value worldwide. Region also expected to demonstrate highest market growth throughout the forecast period, primarily due to development of end-use industries. Asia Pacific referred as the largest light vehicle producers in the world with China, Japan and Korea comprising more than 37 Mn units of global production, accounting for approximately 42% of the global automobile production market. In 2017, construction industry in Asia Pacific accounted for more than US$ 4,800 Bn. Similarly, industrial machinery adoption in Asia Pacific experiencing extra ordinary growth, primarily governed by China, Japan, Korea and India. Growing automation in product development process paves the way for CAD software and services across the region. Growth in aforementioned sectors definitely stimulating the demand for CAD software and services across the region.

Channel Partners to Remain the Key Element to Satisfy Customer’s Dynamic Demands

Channel partners work in conjunction with CAD software and service providers. This integration proved to be often beneficial when customization required for each individual buyer. Along with value addition to software and service, several channel partners also offer implementation services. Software and service providers engaging with channel partners to expand their customer reach in the market. For instance, in U.S. CAD market, Autodesk, Inc. engaged with number of channel partners such as Applied Software Technology, Inc., ACB SA, Annex Pro, Inc., CADD Microsystems, Inc., D3 Technologies, Inc., Graitec Ltd. and others. Further, end-users looking for outsourcing CAD services to enhance overall product design process, which paved to fragmentation of market with rising presence of end-use solution providers. Key players of global CAD market profiled in the report include Autodesk, Inc., Dassault Systems SE, PTC Inc., Nanosoft Technology Ltd., Cadonix Ltd., Caddie Software, Menhirs NV, Kubotek USA, Inc., Siemens Product Lifecycle Management Software Inc., Hexagon AB, Bentley Systems Incorporated, Aveva Group Plc, 3D Systems Incorporation and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Computer Aided Design (CAD) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Computer Aided Design (CAD) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Computer Aided Design (CAD) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Computer Aided Design (CAD) market?
• Which is the largest regional market for Computer Aided Design (CAD) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Computer Aided Design (CAD) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Computer Aided Design (CAD) market worldwide?