Computer-Aided Design (CAD) Market Overview:
In 2021, the market for computer-aided design (CAD) was estimated to be worth USD 9 billion. According to projections, the Computer-Aided Design (CAD) market business would expand at a compound annual growth rate (CAGR) of 6.2% from USD 11.2 billion in 2022 to USD 17.6 billion by 2030. Computer-Aided Design (CAD) is the primary market driver boosting market growth, and the requirement for additive manufacturing is driving its rapid rise.
Another factor driving the market expansion is the growing use of 3D CAD. The consumer products business has an extraordinary demand for CAD outsourcing. It’s a market that needs bottling, packing, and wrapping. The market for computer-aided design is growing at a rapid pace. The process is made simple by feeding CAD designs into the manufacturing equipment.
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Top Key Players of the Computer-Aided Design (CAD) Market:
Major Computer-Aided Design (CAD) market players, including
- Autodesk, Inc,
- Trimble Inc,
- Dassault Systèmes,
- Bentley Systems, Incorporated,
- PTC,
- Siemens PLM Software,
- Encore Software,
- Hexagon AB,
- lectra,
- CAD International,
- Graebert GmbH,
- Corel Corporation,
- SmartDraw, LLC,
- ZWSOFT Co., Ltd,
- Gstarsoft Co., Ltd
Designs that satisfy the requirements of each manufacturing unit are achievable with the use of computer assistance. Growing demand from these sectors will keep driving market expansion as a whole. In the developing market, three-dimensional printing is becoming increasingly popular. The need for manufacturing is very high in emerging markets. There are many produced goods available in this market. This market is changing for the better as a result of the growing requirement for manufacturing. The market will expand rapidly as a result of the growing need for computer-aided design. Consequently, in recent years, the global computer-aided design (CAD) market’s compound annual growth rate (CAGR) has increased due to these causes.
Computer-Aided Design (CAD) Market: Segment Insights
Based on technology, the Computer-Aided Design (CAD) industry is divided into two segments: 2D and 3D. In 2021, the segment with the largest share was 3D.
Based on components, the Computer-Aided Design (CAD) market is segmented into Solution and Services.
Cloud and On-Premise are included in the Computer-Aided Design (CAD) market segmentation based on deployment mode.
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Computer-Aided Design (CAD) Market: Regional Insights
The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. With faster growth, the Asia Pacific area is in the lead. The market’s overall demand rate will increase due to clever engineering and design. In this industry, demand is greater from the consumer and construction segments.
Europe holds the third-largest market share in the Computer-Aided Design (CAD) industry. The region’s economy is robust, and there is a significant need for sophisticated and cutting-edge design tools across a range of industries, such as engineering, construction, and architecture. Leading technological firms and pro-business government regulations are also fueling the expansion of the CAD market in Europe. The area has a strong infrastructure and a high rate of technological adoption, which has increased demand for CAD solutions across a range of businesses. Furthermore, the UK Computer-Aided Design (CAD) market was developing at the quickest rate in the European region, while Germany retained the greatest market share.
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One of the primary strategies used by manufacturers in the Computer-Aided Design (CAD) industry to assist clients and grow the market sector is local manufacturing in order to reduce operational costs. Some of the most significant benefits have lately been brought to medicine by the Computer-Aided Design (CAD) market.
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