Computer-Aided Design (CAD) Market Research Report - Global Forecast till 2030

Global Computer-Aided Design (CAD) Market Research Report: By Technology (3D and 2D), by Component (Solution, Services [Installation, Training and Implementation, System Integration and other Support Services]), By Deployment Mode (Cloud, On-Premise), Application (Surface Modelling, 3D printing, Reverse Engineering, Part Assembly), Industry (Automotive, Electrical and Electronics, Civil and Construction, Energy and Materials, Industrial Equipment and Media and Entertainment) and Region (North America, Europe, Asia-Pacific, Middle East a...

ID: MRFR/ICT/7059-HCR | October 2022 | Region: Global | 111 Pages         

Computer-Aided Design (CAD) Market

The Computer-Aided Design (CAD) Market was valued it is expected to reach USD 16.2 Billion by 2030 with a CAGR of 5.30% during the forecast period, 2022–2030

Segmentation

By Technology 3 D And 2 D
By Component Solution Services [Installation Training And Implementation System Integration And Other Support Services])
By Deployment Mode Cloud On Premise
By Application Surface Modelling 3 D Printing Reverse Engineering Part Assembly
By Industry Automotive Electrical And Electronics Civil And Construction Energy And Materials Industrial Equipment And Media And Entertainment)

Key Players

  • Autodesk Inc (US)
  • Trimble Inc (US)
  • Dassault Systèmes (France)
  • Bentley Systems
  • Incorporated (US)
  • PTC (US)
  • Siemens PLM Software (France)
  • Encore Software (US)
  • Hexagon AB (Sweden)
  • TurboCAD (US)
  • CAD International (Australia)
  • Graebert GmbH (Germany)

Drivers

  • Increasing adoption of 3D CAD in manufacturing sectors and the integration of virtual reality with CAD models by the construction firms are driving the CAD market during the forecast period.
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Computer-Aided Design Market Synopsis:


The Computer-Aided Design (CAD) Market was valued at USD 7.47 Billion in 2018; it is expected to reach USD 16.2 Billion by 2030 with a CAGR of 5.30% during the forecast period, 2022-2030. Computer-Aided design is used in many regions. The assistance of the computer is essential in many regions. Automotive, manufacturing and other industries have a higher user of computer-Aided design. Manually designed products have many errors. However, the computer designs are accurate in shape and design. Precision, quality and efficiency are features of this technology.


The need for additive manufacturing is leading to high growth in the computer-Aided design market. 3D and CAD designs are exceptional features in these designs. Streamlining the workflow and production work is possible through technology. In upcoming years, the adoption of technology is massive in many markets. Automation will take over the industrial process leading to more efficiency. The wastage and overall operational costs are reduced. Computer-aided designs and software will have higher deployment. With the penetration of the cloud connecting these designs with industries is effortless.


 These computer-aided designs are deployed in sectors such as healthcare, government and institutions. Premise computer Aided design market segments to have moderate demand in the market. The installation process of these Aided systems is high. The professional and technical drawing is achievable with this software. Also, modifying the design is effortless with the software. Easy modifications, quick design and efficient manufacturing are factors that will lead to more awareness. All these factors are expected to increase market value as per the computer Aided design market forecast.


COVID Analysis 


The outbreak of covid 19 is halting many business operations. The operations of the many industries are halting in many regions. Automotives, industries, media and entertainment are terminating their market assignments. There are plenty of factors that hinder the growth of the computer-aided design market. Supply chain disruptions, low production and decline in demand are some of the factors that reduce demand.


These companies are trying to reduce the impacts of the pandemic on their profitability. Revenue losses are witnessed in some of these markets. It is leading to low manufacturing. Reduced production and investment in the digital tool are happening in the market. Since 2020, computer-Aided designs adoption is affected in the market. In the upcoming years, the production and manufacturing process will increase. It provides exceptional scope for the computer-aided designs market. The adoption rate will sharply surge in the next few years. 


Market Dynamics 



  • Crucial Market Drivers 


Rising demand for Computer-Aided designs in the construction industry will raise demand. Smart building is rising in many regions. These smart buildings are built efficiently. For efficient building the computer-aided designs are beneficial. The developing nations have a higher penetration of smart buildings. This demand from the merging nations will increase demand for the market. The construction industry will contribute to high computer-Aided design market profits. 


The increasing adoption of 3D CAD is another market growth. CAD outsourcing has exceptional demand from the consumer goods market. It is a market that requires, packaging, wrapping boxing and bottling. The adoption rate of the Computer-Aided design market is high. Feeding the manufacturing machines with CAD designs makes the entire process effortless. Through the computer Aid designs meeting the needs of every manufacturing unit are possible.


Increasing demand from these industries will continue to boost the overall market growth. Three-dimensional printing is gaining more traction in the emerging market. The emerging markets have a high need for manufacturing. There are plenty of products, manufactured in this market. The rising manufacturing needs are creating positive changes in this market. This rising need for computer-Aided design will lead to high market growth. 



  • The Market Growth Opportunities 


Integration of VR in 3D CAD will create growth opportunities in the computer-aided design market. Industries can analyse how a design works through virtual reality. It is a cost-saving technology that will spark demand in many regions. This emerging development in the market will open new growth possibilities. Luxury car manufacturers have high requirements for the technology. The automotive design process is complex. The combination of VR and 3D CAD will create high expansion in the computer-Aided design market.


The overall growth scope and production will be massive in the forecast period. The industries that have higher production benefit from this development. For manufacturing bulk products creating procession, design is essential. All these factors will increase the revenue rates of the market. Rising research and development will create more developments in the market. The investment from the key players of the market is rising. It is leading to high-end research. The research will bring new features and increase demand from end-users. 



  • The Market Restraints 


The high cost of the technology is a restraining factor of the computer-aided design market. The Computer-Aided design software is expensive. This high-end technology comes with complex features. Also, the operations of the software are sophisticated. It is an exceptional investment for many industries. Also, several models meet the demands of every vertical.


However, high costs can cause plenty of challenges in the market. It can hamper demand from small scale industries. Also, emerging nations have lower demand due to the high cost. In the long run, the restraint is higher for the product. However, the initial cost is high that leads to less adoption rate. In upcoming years all tees restraints can hamper growth. 



  • The Market Challenges 


Lack of user expertise in a computer-Aided design system is a challenge of the market. The computer-aided is complex technology. Poor usage can lead to revenue losses. Also, the designing process requires trained professionals in the field. However, in many industries lack of expertise is a challenging factor.


There are plenty of substitute technologies in this market. This can impede the demand of the computer-Aided design market. The local alternatives can take over the demand of the licensed computer-Aided design market. Also, cost efficiency is one of the benefits of other substitutes. These factors can incline customers to demand alternatives in the market. All these factors can affect the revenue rates. 



  • Cumulative Growth Analysis 


The cumulative growth trends are stable in the forecast period. Some factors continuously boost the demand. The cloud computer-aided designs market will witness high demand. The flexibility, workflow and efficiency of cloud systems will lead to growing adoption. Also, the construction and the automotive market will have high requirements for this system.


The concept of the sustainable building will increase demand. The 3D and CAD features are factors that will drive demand. However, the high cost of the technology is affecting the growth. Also, lack of expertise workers will affect the market operations. Still, the growth rate is sustainable with higher development opportunities. 



  • The Value Chain Analysis 


North America will witness the highest growth in the forecast period. It is region holding highest computer-Aided design market. Digitalization will create more demand for software in this market. The investment from the government is higher for this market.


The US are a key contributor with the presence of key computer-Aided design market players. The increasing demand for the smart building is driving demand. It is the early adopter the computer-aided designs. Also, cost barriers in these regions are less. The manufacturing industry has rapid adoption of this technology. All these factors will make North America a profitable key regional player. 


Segment Overview 


By Deployment Outlook 



  • On-premise 

  • Cloud 


By Application 



  • Media and entertainment 

  • Healthcare 

  • Manufacturing 

  • Architecture 

  • Automotive 


By Regional Outlook 



  • North America 

  • Europe 

  • Asia pacific 

  • Latin America 

  • Europe 


Competitive Landscape 


The competition in the Computer-Aided design market is high. There are plenty of factors leading to new developments. Industry-specific software are launched in recent years. There is different computer design equipment for the industries.


 Therefore, key players are launching unique systems that suit automotive, healthcare and industry-based models. All these factors will create severe competition in the market. 


Regional Analysis 


The regional segment of the market is fragmented into Asia Pacific, Europe and North America. North America is a surging market with high demand. There are plenty of factors in the market that stirs growth. US government will contribute higher investments for the market. The presence of strong players will lead to new developments.


 The Asia Pacific is another surging region with higher growth. Smart engineering and design will boost the overall demand rate in this market. The demand from construction and consumer segments is higher in this market. However, cost barriers are higher. Europe is another region that has higher demand from the automotive sector is higher. All these regional players will contribute to the high revenue rate of the market. 


The key players in the computer-aided design market are 



  1. Autodesk, Inc.

  2. Bentley Systems, Inc.

  3. Hexagon AB

  4. Oracle

  5. PTC

  6. Siemens

  7. Dassault Systèmes Solid Works Corp.


Recent Developments 



  1. The key players are making new collaborations with the consumer goods sector. This will raise the demand from this end-user and more utilization of computer-Aided designs. 



  1. Accuracy and productivity will increase the new range of cloud series computer aided designs. Their product launch will create higher demand.


Report Overview 



  1. Market Overview Highlights 

  2. Analysis Based Upon COVID 19

  3. Explanation Upon The Market Dynamics

  4. Value Chain Analysis

  5. Market Segmentation Overview

  6. The Regional Analysis

  7. Competitive Landscape Analysis

  8. Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 16.2 billion
  CAGR   5.30%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Deployment Mode
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Autodesk, Inc (US), Trimble Inc (US), Dassault Systèmes (France), Bentley Systems, Incorporated (US), PTC (US), Siemens PLM Software (France), Encore Software (US), Hexagon AB (Sweden), TurboCAD (US), CAD International (Australia), Graebert GmbH (Germany), Corel Corporation, (Canada), SmartDraw, LLC (US), ZWSOFT Co., Ltd (China), Gstarsoft Co., Ltd (China), and ANSYS, Inc. (US).
  Key Market Opportunities   Rising security concerns over cloud-based CAD solution and the emergence of building information modelling (BIM) are expected to hinder the growth of the CAD market during the forecast period.
  Key Market Drivers   Increasing adoption of 3D CAD in manufacturing sectors and the integration of virtual reality with CAD models by the construction firms are driving the CAD market during the forecast period.


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Frequently Asked Questions (FAQ) :

With a value of $7.47 billion in 2018, the global computer-aided design (CAD) software market is expected to grow by 5.30% between 2020 and 2030, reaching USD $16.2 Billion.

The CAD based designs are comprehensively adopted in automotive industry and the OEMs are constantly focusing on improving the design factors. The swift growth in automotive industry is anticipated to drive the growth of global CAD market.

The global computer-aided design (CAD) market segmentation is conducted based on components, technology type, application, deployment mode, industry, and region.

The regional analysis of the global computer-aided design (CAD) market is conducted in four major regions, comprising Europe, the Asia Pacific, North America, and the rest of the world (covering the Middle East and Africa, and Latin America).

The report estimates the fastest growth in the Asia Pacific, and developed growth in North America and Europe. Furthermore, the rest of the world region is projected to witness a gradual market growth over the forecast period.

The adoption of CAD helps in generating designs and models that allow industries to improve their productivity in a rapidly changing environment