Computer-Aided Design (CAD) Software Market Is Likely to Experience a Tremendous Growth in Near Future | Dassault Systemes SE, Autodesk Inc, Bentley Systems Inc
The global computer-aided design (CAD) software market would grow at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2022-2030.
United State- Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Computer-Aided Design (CAD) Software Market. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Computer-Aided Design (CAD) Software study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Computer-Aided Design (CAD) Software Market.
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The global computer-aided design (CAD) software market size was US$ 11.3 billion in 2021 and is forecast to reach US$ 25.6 billion by 2030. The global computer-aided design (CAD) software market would grow at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2022-2030.
Computer-Aided Design (CAD) software helps engineers and architects create design and technical illustrations. CAD software increases the productivity of the work, improves quality, and also helps develop a documentation database for manufacturing activities.
Factors Influencing
The automotive industry would surge the demand for advanced automotive products. User preference is inclining towards quality products over brand value. As a result, it would offer significant growth opportunities to the manufacturers. Moreover, the growing traffic of connected cars is expected to fuel the demand for advanced tools of CAD software to develop an efficient design for error-free manufacturing of the products.
Growing investment in research and development (R&D) is forecast to fuel the growth of the global computer-aided design (CAD) software market. CAD software is gaining popularity as they benefit in lowering product recalls and understanding product designs and their functions in real-world forces.
High costs associated with the CAD software would slow down the growth of the global computer-aided design (CAD) software market.
Growing urbanization and industrialization are forecast to be potentially favorable for the growth of the global computer-aided design (CAD) software market.
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Geographic Analysis
Geographically, North America is the largest shareholder in the global computer-aided design (CAD) software market. The growth of the aerospace and automotive sector in the region is driving the growth of the global computer-aided design (CAD) software market in the region.
The Asia-Pacific region is forecast to emerge as the rapidly growing region in the global computer-aided design (CAD) software market. It is due to the growing adoption of CAD software, majorly in the healthcare industry. The CAD software helps medical practitioners design effective devices for disabled people. Moreover, this software is also used in the process of breast tissue reconstruction in cancer patients. Thus, it would propel the growth of the global computer-aided design (CAD) software market.
COVID-19 Impact Analysis
The global COVID-19 pandemic declined the demand for CAD software from automotive, aerospace, and other sectors. However, the global computer-aided design (CAD) software market witnessed slight growth in the healthcare domain. Moreover, the surgeries were all postponed to prevent the patients from the COVID-19 infection. Thus, the demand for CAD software was reduced for surgical treatments. The market is forecast to recover post-pandemic as the government bodies lift the regulations. Moreover, the growing demand for automobiles would ultimately fuel the growth of the computer-aided design (CAD) software market.
Competitors in The Market
Dassault Systemes SE
Autodesk Inc
Bentley Systems Inc
PTC Inc
Trimble Inc
Gstarsoft Co. Ltd
Hexagon AB
AVEVA Group plc
3D Systems Corporation
CNC Software Inc
IronCAD LLC
AO Nanosoft
SolidCAM GmbH
Other prominent players
Market Segmentation
Insight by Technology
Two-Dimensional (2D)
Three-Dimensional (3D) CAD Software
Insight by Model
Solid
Surface
Wire-Frame Models
Insight by Application
Industrial Machinery
Aerospace
Defense
Healthcare
Automotive
Others
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Insight by Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
?The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
?During the forecast period, the report analyzes the growth rate, market size, and market valuation.
?The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
?The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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