The benefits of visually designing technical illustrations likes improving the overall productivity by reducing time and work are some of the reasons due to which this market is gaining growth.
Covid-19 Impact & Market Status
The Computer Aided Design Software market size decreased due to the advent of Covid-19. This is because of less demand from majorly all the industries like automotive, aerospace, healthcare etc. The demand for surgical treatments also reduced, lockdowns were imposed which hampered the distribution network. There was panic all around and the market, generally, had a low demand.
At a compound annual growth rate of 6.6%, the size of the worldwide Computer Aided Design Software market is projected to reach $18.7 billion in 2030.
This Computer Aided Design Software Market report explores the current market, regulatory aspects, and potential opportunities, and challenges in individual market segments. The report also gives a detailed outlook of the competitive landscape.
3-D software to have Highest market share
Computer Aided Design Software Market is segmented by software into 2D and 3D software. The 3D software had the highest market share in 2020 and is expected to have the same throughout the forecast period. This is attributed to the rise in demand of 3D software because of increasing number of professionals in the field of designing. 3D CAD software offers many benefits over 2D CAD software like better visualization and accelerated product development cycle.
Solid Modelling to Remain Atop
The solid modelling segment is foreseen to occupy a sizeable share of the market within the projected timeframe because of the growing demand for software from Computer Aided Designs. and growing investment in R&D activities. This is primarily because of rise in focus on precise designing and professional product prototyping. It is also increasing due to the better visualization of the design as it helps in clearly designing various angles.
Cloud Based Deployment to have Highest CAGR
Based on deployment, the Cloud Based Deployment is expected to have highest CAGR owing to the rise in internet penetration and the fact the cloud makes CAD function easily. It also provides better access to data hence it is expected to deliver highest CAGR.
Intermediate Level dominated the market share
Based on level, the Intermediate level is expected to have highest market share owing to a large number of designers functioning at the intermediate level. Additionally, this segment is also expected to be the most active in terms usage and project delivery.
Healthcare Industry to come Atop
Based on application, the Healthcare industry is expected to have the largest share and it being increasingly used in this segment. The 3D CAD model helps in creating 3D models from data acquired from medical images. Its adoption is increasing each day because of the dire need of understanding the design and structured of human organs, certain scans which help in carrying out planned surgeries.
North America Region to Render Ample Investment Avenues
North America was the largest market for the Computer Aided Design Software. This is because of the rising demand in the design sector because of the massive population in the region. It is also because of the wide adoption of technology throughout that region which thereby helps in the growth of this sector. Increasing investments in the areas such as defence, automation, aerospace is another reason due to which this region is gaining importance.
The APAC region is expected to have highest CAGR due to a large population and increasing internet penetration.
The increasing demand for advanced automotive products due to a massive growth in the automotive industry is driving the growth of the Computer Aided Design Software Market.
Computer Aided Design Software simplifies the work of technicians and saves precious time by providing a software to virtually design well connected systems which are built on robust and highly technical design. To develop an efficient design for error free manufacturing of products, Computer Aided Design software are need. Furthermore, inclusion of computers into all technical fields is helping into the growth of Computer Aided Design Software Market.
A Computer Aided Design Software is a type of system that helps in design and technical documentation which helps in replacing manual drafting with an automated process. It helps in improving efficiency and removes human errors. Help in terms of providing digital design and 3D modelling that helps in infrastructural design.
These software help in reducing time and provide an enhanced design and improved efficiency. Increasing urbanization and industrialization is likely to drive the market growth, another good thing is that there is a lot of investment in the research and development by the governments to help improve overall designs.
However, lack of skilled professionals, high cost of software and subscription are some of the factors that are hampering the market growth. Nevertheless, Computer Aided Design Software Market has the growth prospects, because of the increasing need of highly efficient systems to reduce complexities.
The major players of this market are Dassault Systèmes 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. Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Computer Aided Design Software market. By applying technology, the R&D teams of the companies must try to bring in new technologies so that the overall quality of microscopes improve.
Latest Innovations in the Global Computer Aided Design Software Market: A Snapshot
- Computer Aided Design Software market player, Design Order, completed series A round of financing which was led by Byte Dance.
Computer Aided Design Software Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||$18.7 billion|
|Growth Rate||CAGR of 6.6 % during 2022-2030|
|Segment Covered||Technology, Based on Model, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Autodesk Inc., Bentley Systems Inc., Dassault Systèmes SE, Trimble Inc., PTC Inc., Gstarsoft Co. Ltd., 3D Systems Corporation, AVEVA Group plc|
Key Segments of the Computer Aided Design Software Market
Computer Aided Design Software Market on the basis of Technology, 2018-2028 (USD Million)
- 2-D Software
- 3-D Software
Model Overview, 2018-2028 (USD Million)
Deployment Overview, 2018-2028 (USD Million)
Level Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
- Aerospace & Defence
- Media & Entertainment
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa