Computer-Aided Design Market 2021 Industry Key Players, Share, Trend, Segmentation and Forecast to 2027
A New Market Study, titled “Computer-Aided Design Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
The computer-aided design market is expected to exhibit a steady 10% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The CAD Market was valued at USD 7.47 billion in 2018 and is expected to reach a valuation of USD 14.18 billion by 2025. The global computer-aided design market is studied in great detail in the latest report from Market Research Future (MRFR), which includes a detailed analysis of the market’s historical growth trajectory and present condition. Major trends operating in the global computer-aided design market are examined in the report. Based on this information, accurate and reliable projections for the market’s likely growth trajectory over the forecast period till 2022 are presented in the report. Leading drivers and restraints operating on the CAD Market are examined in the report. The impact of these major drivers and restraints on the CAD Market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global computer-aided design market are also profiled in the research report. The competitive landscape of the global computer-aided design market is thus examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global computer-aided design market.
Computer-aided design technology allows designers to prepare 2D and 3D models of various objects in computer programs, allowing them to carry out various tests on the design in the program even before the object is manufactured. This allows the manufacturer to produce fault-free objects that have been virtually tested even before they have been manufactured. This reduces their liability in the long term.
The growing use of computer-aided design in the construction industry is likely to be a major driver for the CAD Market over the forecast period. The construction industry uses computer-aided design to figure out how internal systems such as the plumbing would work in the construction. In the long run, the plumbing is a critical part of construction projects and is the most likely to develop faults over a long time due to wear and tear. Plumbing problems can completely destabilize constructions, even resulting in building collapses in critical cases. This has led to many construction industry giants using computer-aided design to develop fault-free plumbing systems that last a long time. The growing demand for residential and commercial construction in urban areas in developing countries is likely to be a major driver for the CAD Market over the forecast period.
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Leading players in the global computer-aided design market include ANSYS Inc., Gstarsoft Co. Ltd., ZWSOFT Co. Ltd., SmartDraw LLC, Corel Corporation, Graebert GmbH, CAD International, TurboCAD, Hexagon AB, Encore Software, Siemens PLC Software, PTC, Bentley Systems Inc., Dassault Systemes, Trimble Inc., and Autodesk Inc.
In February 2019, Bentley Systems acquired SignCAD, a traffic sign design software provider. The acquisition allows the former to strengthen its product portfolio of 3D modelling in open roads. The acquisition would further allow Bentley Systems to provide high-quality solutions to transportation solution owners and operators in designing, building, and maintaining the lifecycle of the projects.
In December 2018, Autodesk Inc. acquired BuildingConnected, one of the providers of a preconstruction platform for real estate owners and general contractors. The acquisition helped Autodesk to strengthen its product portfolio by including a preconstruction solution that includes bid management and risk analysis.
The CAD Market is segmented on the basis of technology type, component, deployment, application, industry, and region.
By technology, the global computer-aided design market is segmented into 3D and 2D technology.
By component, the global computer-aided design market is segmented into software and services.
By deployment, the global computer-aided design market is segmented into cloud and on-premise.
By application, the CAD Market is segmented into surface modeling, 3D printing, reverse engineering, part assembly, and others.
By end use, the CAD Market is segmented into automotive, electrical and electronics, civil and construction, energy and materials, industrial equipment, media and entertainment, and others.
North America accounts for the largest share in the global computer-aided design market and is likely to remain the dominant force in the regional market over the forecast period.
Major Key Points in Table of Content
- EXECUTIVE SUMMARY
2. MARKET INTRODUCTION
3. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. MARKET FACTOR ANALYSIS
6. GLOBAL CAD MARKET, BY TECHNOLOGY TYPE
7. GLOBAL CAD MARKET, BY COMPONENT
8. GLOBAL COMPUTER-AIDED DESIGN (CAD) MARKET, BY DEPLOYMENT MODE
9. GLOBAL COMPUTER-AIDED DESIGN (CAD) MARKET, BY APPLICATION
10. GLOBAL COMPUTER-AIDED DESIGN (CAD) MARKET, BY INDUSTRY
11. GLOBAL CAD MARKET, BY REGION
12. COMPETITIVE LANDSCAPE
13. COMPANY PROFILES
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