Computer Aided Design Market Summary
As per Market Research Future Analysis, the Computer Aided Design (CAD) market is projected to grow from USD 9.88 billion in 2024 to USD 15.8 billion by 2032, with a CAGR of 6.0% during the forecast period. The market was valued at USD 9.32 billion in 2023. Key drivers include increasing demand for advanced design tools, technological advancements, and the rise of Electronic Design Automation (EDA). The integration of Augmented Reality (AR) and Virtual Reality (VR) technologies is enhancing the design process, particularly in architecture, engineering, and construction sectors. The 3D CAD segment dominated the market in 2022, contributing approximately 81.5% to revenue, while software solutions held the majority share in the component segment. The Asia-Pacific region accounted for around 36.0% of the market in 2022, driven by significant investments in healthcare, defense, and construction industries.
Key Market Trends & Highlights
Key trends shaping the CAD market include technological integration and regional growth.
- 3D CAD technology accounted for ~81.5% of market revenue in 2022.
- Asia-Pacific region held ~36.0% market share in 2022, driven by healthcare and construction.
- Software solutions dominated the CAD component segment in 2022.
- Integration of AR and VR is revolutionizing design processes across industries.
Market Size & Forecast
2024 Market Size | USD 9.88 Billion |
2032 Market Size | USD 15.8 Billion |
CAGR | 6.0% |
Major Players
Major players include Autodesk Inc, Trimble Inc, Dassault Systemes, Bentley Systems Inc, PTC, Siemens PLM Software, and others.