Computer-Aided Design (CAD) Software Market by Deployment, Level and Application- Forecast 2024
Global Computer-Aided Design (CAD) Software market was valued at USD 9.1 billion in 2019 and is predicted to reach USD 14.2 billion by 2025, growing at a CAGR of 7.4% during the forecast period. The rapid development of software-as-a-service (SaaS) apps has created huge opportunities for the growth of the global CAD software market. There is a huge demand for accessing CAD data on portable device platforms such as smartphones and tablets from various users, including large and small enterprises.
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CAD market has an opportunity to build new mobile-friendly CAD software solutions to meet the users’ demand and enable them to view, edit and share their designs and drawings on the go.
Based on level, the global CAD software market is categorized into three segments namely intermediate, beginner and pro. Intermediate level CAD contributed the largest revenue to the global CAD software market in 2016. It enables designers to develop a prototype of the product, starting from problem phase to the implementation phase, with enhanced visualization and communication. The intermediate level offers scalability with low maintenance cost making it one of the necessary tools for the designers for product development.
North America is the largest revenue contributor in the CAD software market. The rising usage of CAD in aerospace and automotive industries for prototyping products prior to production is fueling its demand. In both the industries, the design process contributes a small fraction to the total production cost.
Some of the major players in the global CAD software market include 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, and SolidCAM GmbH.
Source: VynZ Research
