Computer Aided Design (CAD) Market by Technology Type (3-D Design, 2-D Design), by Offering (Software, Services), by End-use Application (Automotive, Aerospace & Defense, Industrial Machinery, Electrical & Electronics, Media & Entertainment, Healthcare, Construction & Architecture) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Computer aided design (CAD) market expected to hit US$ 14.03 Bn by 2026, expanding with a CAGR of 6.8% during the forecast period from 2018 to 2026. Principally governed by North America, CAD market driven by rising adoption of computer integrated manufacturing (CIM) approach. CIM refers to modern manufacturing approach integrated with the controlling systems to regulate the entire manufacturing process from design to delivery. CAD is integral part of CIM process, as it offers the solution that makes overall product development operation much easier. While CAD exerted a major influence on numerous industries, it proved revolutionary in product designing process.  Major advantage of CAD in product designing process refers to added product design flexibility, which enables engineers to evade costly errors. The use of CAD for animation and real-time simulation prompted research activities into more deep analysis.  Further, CAD systems extract data from computed tomography (CT) scanners and generate CAD models, thereby demonstrated as vital technology in healthcare sector. Wide array of applications of CAD would ensure strong growth for market throughout the forecast period.

Market Synopsis

3-D CAD Leads the Market & Accounted to Retain Its Dominant Position

3-D design technology leads the overall CAD market, accounting close to 3/4th of the global market value. 3-D product model quickly & easily enables generating exploded outlooks for assembly instructions and technical illustrations without any further drafting. Designed model used to examine number of parameters such as strength or temperature resistance before product design finalization, enabling much faster and cheaper workflow. 3D design technology allows designers or engineers to build soft models of assemblies. Such models then CNC machined or 3D printed  as well as used to run complex simulations. Flexibility in product development offered by 3-D model would ensure strong growth for 3-D design segment throughout the forecast period.

Persistent Development of End-use Industries to Ensure Fastest Growth of CAD Market In Asia Pacific Region throughout the Forecast Period

Currently, Asia Pacific market accounting more than 1/4th of the overall CAD market value worldwide. Region also expected to demonstrate highest market growth throughout the forecast period, primarily due to development of end-use industries. Asia Pacific referred as the largest light vehicle producers in the world with China, Japan and Korea comprising more than 37 Mn units of global production, accounting for approximately 42% of the global automobile production market. In 2017, construction industry in Asia Pacific accounted for more than US$ 4,800 Bn. Similarly, industrial machinery adoption in Asia Pacific experiencing extra ordinary growth, primarily governed by China, Japan, Korea and India. Growing automation in product development process paves the way for CAD software and services across the region. Growth in aforementioned sectors definitely stimulating the demand for CAD software and services across the region.

Channel Partners to Remain the Key Element to Satisfy Customer’s Dynamic Demands

Channel partners work in conjunction with CAD software and service providers. This integration proved to be often beneficial when customization required for each individual buyer. Along with value addition to software and service, several channel partners also offer implementation services. Software and service providers engaging with channel partners to expand their customer reach in the market. For instance, in U.S. CAD market, Autodesk, Inc. engaged with number of channel partners such as Applied Software Technology, Inc., ACB SA, Annex Pro, Inc., CADD Microsystems, Inc., D3 Technologies, Inc., Graitec Ltd. and others. Further, end-users looking for outsourcing CAD services to enhance overall product design process, which paved to fragmentation of market with rising presence of end-use solution providers. Key players of global CAD market profiled in the report include Autodesk, Inc., Dassault Systems SE, PTC Inc., Nanosoft Technology Ltd., Cadonix Ltd., Caddie Software, Menhirs NV, Kubotek USA, Inc., Siemens Product Lifecycle Management Software Inc., Hexagon AB, Bentley Systems Incorporated, Aveva Group Plc, 3D Systems Incorporation and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

CAD market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global CAD market based on technology type, offering, end-use application and geography. Key segments covered in the report are as follows: