Global CAD Software Market to Reach USD 14.2 Billion by 2025

Based on technology, the global CAD software market is divided into two-dimensional (2D) and three-dimensional (3D) CAD software. 3D CAD contributed larger revenue to the global CAD software market in 2019 as against 2D CAD, and is also expected to be the leading technology throughout the forecast period.

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The demand for quality automotive products has increased in recent years. Users are significantly focusing on quality products over brand value. This has resulted in a major recall of products by many manufacturers in the market. With millions of connected cars expected to be on road in coming years, designers are considering advanced solutions and tools provided by CAD software to align the design and development of products with error-free manufacturing. CAD plays a major role in ensuring utmost quality and precision, while helping in manufacturing each part in the automotive industry.

Asia-Pacific is projected to register the highest growth rate during the study timeframe, owing to the surge in the adoption of CAD software in the healthcare industry to provide better health treatment to people. In addition, usage of CAD in healthcare industry enables medical practitioners to design devices that make disabled person independent from the need of healthcare worker. Also, CAD is getting widely implemented for aiding breast tissue reconstruction in cancer patients, which is augmenting the market growth.

Key players operating in the global computer-aided design (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