Computer Aided Design (CAD) Market Outlook, 2032

The global Computer-Aided Design Market Share is garnering significant revenue gains. Market growth is majorly attributes to the rising uses of 2D and 3D CAD solutions for design standardization in aircraft manufacturing. Besides, the increasing adoption of CAD solutions in automotive, electrical & electronics, construction, energy, and media & entertainment sectors boost the market size. 

With the significantly increased adoption of computer-aided design platforms across end-user verticals, the Computer Aided Design Market is expected to grow rapidly in the years to come. Market Research Future (MRFR) asserts that the global computer-aided design market is poised to create an exponential valuation by 2032, growing at a colossal CAGR throughout the forecast period (2024-2032).

Moreover, the advantages of computer-aided designs in modeling and designing that enable industries to improve their productivity in a rapidly changing environment influence the market growth. Also, the increasing adoption of 3D technology, particularly in the construction, automotive, and manufacturing sectors, pushes the market shares. 

On the other hand, rising security concerns over cloud-based CAD solutions and the emergence of building information modeling (BIM) are major headwinds expected to impede the CAD market growth.

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Computer aided Design Market – Segments

The report is segmented into technologies, components, deployment modes, applications, industries, and regions. The technology segment is sub-segmented into 2D and 3D technology. The component segment is sub-segmented into software and services. 

The sub-segment service is further bifurcated into installation, training & Implementation, system integration, and other support services. The deployment model segment is sub-segmented into cloud and on-premise.  The application segment is sub-segmented into surface modeling, 3D printing, reverse engineering, part assemblies, and others.

The industry segment is sub-segmented into automotive, electrical & electronics, civil & construction, energy & materials, industrial equipment, media & entertainment, and others. The region segment is bifurcated into North Europe, America, Asia-Pacific, and the-rest-of-the-world. 

Computer aided Design Market – Regional Analysis

North America dominates the global computer-aided design market. The largest market share attributes to the wide adoption of computer-aided design platforms and services. Besides, technology upgrades and increased adoption of cloud-based technologies across various industry verticals drive market growth. 

The US accounts for a leading share in the regional market for cloud-based technologies due to the futuristic technology infrastructure and the presence of many cloud-based solution providers. The North American computer-aided design market is projected to retain its dominance throughout the estimated period.

Global Computer aided Design Market - Competitive Analysis

Fiercely competitive, the computer-aided design market appears fragmented due to the competitive landscape formed by many large & small players and new entrants. Product launch, agreement & partnership, M&A, and expansion are strategic initiatives traced from the recent proceedings in the market. 

Major Players

Players leading the CAD market are Trimble Inc (US), Autodesk, Inc (US), Dassault Systèmes (France), PTC (US), Bentley Systems, Incorporated (US), Siemens PLM Software (France), Hexagon AB (Sweden), Encore Software (US), TurboCAD (US), CAD International (Australia), Corel Corporation (Canada), ZWSOFT Co., Ltd (China), SmartDraw, LLC (US), Gstarsoft Co., Ltd (China), ANSYS, Inc. (US), and Graebert GmbH (Germany), among others.

Recent Developments in CAD Industry (May-June 2024)

Siemens Introduces Simcenter X (May 2024): A new cloud-based solution offering simulation and testing capabilities.

Tech Soft 3D Acquires Actify SpinFire (May 2024): This acquisition expands Tech Soft 3D's offerings in CAD viewing and collaboration tools.

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