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    Computer Aided Design Market

    ID: MRFR/ICT/7059-CR
    128 Pages
    Ankit Gupta
    March 2024

    Computer Aided Design (CAD) Market Research Report Information By Technology (2D and 3D), By Component (Software and Services), By Development Model (Cloud and On-Premises), By Application (3D Printing, Surface Modelling, Reverse Engineering, Drafting Detailing, Assembly & Others), By End Use Vehicle (Electrical And Electronics, Automotive, Civil And Construction, Energy And Materials, Industrial Equipment, Media And Entertainment, and Others), & By Region (North America, Europe, APAC, ME & Africa) –Market Forecast Till 2032

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    Computer-Aided Design (CAD) Market Research Report - Global Forecast till 2032 Infographic
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    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.

    Computer Aided Design Market Trends

    Integration Of Augmented Reality (AR) AND VIRTUAL Reality (VR)

    Integrating Augmented Reality (AR) and Virtual Reality (VR) technologies in the CAD market offers a significant opportunity to enhance the design process. Users can better visualize and interact with models by immersing themselves in their creations within 3D settings by integrating AR and VR elements into CAD tools. Through the provision of a more immersive and realistic experience, this integration revolutionizes the design review process and enables users to get a deeper comprehension of complex models.

    In industries where realistically visualizing designs is crucial, like architecture, engineering, and construction, the integration of AR and VR technologies with CAD software is very beneficial. With the use of these tools, stakeholders may work together more effectively, identify design faults early on, and make wise decisions all the way through the project. through the incorporation of VR and AR into CAD software.

    The ongoing evolution of technology and increasing demand for automation in design processes appear to be driving transformative changes in the global Computer Aided Design (CAD) market, fostering innovation and enhancing productivity across various industries.

    U.S. Department of Commerce

    Computer Aided Design Market Drivers

    Market Growth Projections

    The Global Computer Aided Design (CAD) Market Industry is poised for substantial growth, with projections indicating a market value of 9.88 USD Billion in 2024 and an expected rise to 18.8 USD Billion by 2035. This growth trajectory suggests a robust compound annual growth rate of 6.03% from 2025 to 2035. Such figures reflect the increasing reliance on CAD technologies across various industries, driven by the need for enhanced design capabilities and efficiency. As businesses continue to invest in advanced CAD solutions, the market is likely to expand, creating opportunities for innovation and development.

    Technological Advancements

    The Global Computer Aided Design (CAD) Market Industry is experiencing rapid technological advancements that enhance design efficiency and accuracy. Innovations such as artificial intelligence and machine learning are being integrated into CAD software, allowing for automated design processes and predictive analytics. This evolution not only streamlines workflows but also reduces the time required for project completion. As a result, companies are increasingly adopting these advanced CAD solutions to maintain a competitive edge. The market is projected to reach 9.88 USD Billion in 2024, reflecting the growing demand for sophisticated design tools that cater to various industries.

    Increased Demand for 3D Modeling

    The shift towards 3D modeling in the Global Computer Aided Design (CAD) Market Industry is driven by the need for more realistic and detailed representations of products. Industries such as architecture, engineering, and manufacturing are increasingly utilizing 3D CAD software to visualize designs before production. This trend is likely to continue as businesses recognize the benefits of 3D modeling in reducing errors and improving collaboration among teams. The market is expected to grow significantly, with projections indicating a rise to 18.8 USD Billion by 2035, showcasing the sustained interest in advanced modeling techniques.

    Rising Adoption in Emerging Markets

    Emerging markets are witnessing a surge in the adoption of CAD technologies, contributing to the growth of the Global Computer Aided Design (CAD) Market Industry. Countries in Asia-Pacific and Latin America are increasingly investing in infrastructure development and manufacturing capabilities, which necessitate advanced design tools. This trend is likely to be fueled by government initiatives aimed at enhancing technological capabilities and fostering innovation. As these regions develop, the demand for CAD solutions is expected to rise, further driving market expansion. The anticipated compound annual growth rate of 6.03% from 2025 to 2035 underscores this potential.

    Sustainability and Eco-Friendly Design

    Sustainability is becoming a focal point in the Global Computer Aided Design (CAD) Market Industry, as companies seek to minimize their environmental impact. CAD software is increasingly being utilized to create eco-friendly designs that optimize resource use and reduce waste. This trend aligns with global efforts to promote sustainable practices across various sectors, including construction and manufacturing. As organizations prioritize sustainability, the demand for CAD tools that facilitate environmentally conscious design is likely to increase. This shift not only enhances corporate responsibility but also appeals to consumers who are increasingly aware of sustainability issues.

    Integration with Building Information Modeling (BIM)

    The integration of Computer Aided Design (CAD) with Building Information Modeling (BIM) is transforming the Global Computer Aided Design (CAD) Market Industry. This synergy allows for improved collaboration among architects, engineers, and construction professionals, facilitating a more holistic approach to design and project management. By combining CAD and BIM, stakeholders can access real-time data and enhance decision-making processes. This trend is particularly relevant in the construction sector, where precision and efficiency are paramount. As the industry continues to embrace this integration, the demand for CAD solutions that support BIM functionalities is expected to grow.

    Market Segment Insights

    Computer Aided Design (CAD) Market component Segment Insights

    Computer Aided Design (CAD) Technology Insights

    Based on technology, the Computer Aided Design (CAD) Market segmentation includes 2D and 3D. The 3D held the majority share in 2022, contributing around ~81.5% to the market revenue. facilitating the accurate construction of intricate three-dimensional models. 3D CAD is a fundamental tool in modern design and manufacturing processes, With the help of 3D computer-aided design (CAD), engineers and designers may view a product in its entirety and analyse it from several viewpoints. It is widely embraced across industries, including architecture and engineering, owing to its versatility and ability to simulate real-world conditions.

    By leveraging mathematical equations, 3D CAD accurately represents the geometry and properties of designed parts, facilitating a deeper understanding of their functionality.

    Beyond just being useful for visualization, 3D CAD also helps to expedite the manufacturing process by reducing mistakes and misunderstandings. Professionals utilize 3D CAD during prototyping to swiftly iterate designs and visualize alterations, increasing efficiency and cutting down on time to market.

    Additionally, 3D CAD enables the creation of realistic renderings, which serve as valuable assets for project stakeholders and marketing stakeholders. Its practicality and versatility underscore its crucial role in modern design workflows, empowering professionals to translate concepts into tangible representations with clarity and fidelity.

    FIGURE 2: COMPUTER AIDED DESIGN (CAD) MARKET, BY TECHNOLOGY, 2022 VS 2032 (USD BILLION)

    Computer Aided Design (CAD) Component Insights

    Based on component, the Computer Aided Design (CAD) Market segmentation includes Software and Services. Software held the majority share in 2022. Computer-aided design software, or CAD software for short, transforms design processes by using computer-based tools to produce accurate and comprehensive models or drawings. CAD software is widely used by engineers, architects, and designers in a variety of industries. It makes it easier to create both two- and three-dimensional (2-D) drawings and models.

    A wide variety of experts and industries are served by the adaptability of CAD software. While engineers use CAD to generate exact mechanical designs and prototypes, architects use it to construct complex architectural structures and floor layouts. To guarantee ideal development and functionality, city planners use computer-aided design (CAD) to visualize infrastructure projects and urban landscapes. Moreover, CAD software finds extensive application in the arts and entertainment industry, enabling graphic designers, animation illustrators, and game designers to bring their creative visions to life with unparalleled precision and realism.

    Fashion designers utilize CAD to develop intricate garment designs, while interior and exterior designers leverage its capabilities to visualize and conceptualize spatial arrangements and aesthetics.

    Computer Aided Design (CAD) Development Model Insights

    Based on development model, the Computer Aided Design (CAD) Market segmentation includes Cloud and On-Premises. On-Premises held the majority share in 2022. On-premises CAD systems grow slowly because of a number of environmental issues that are part of its design. First off, peak-capacity planning may have an effect on project budgets and schedules since it necessitates an upfront financial investment and careful resource allocation. To handle complicated simulation and verification jobs, ongoing upgrades are necessary, which presents planning difficulties and disrupts design teams.

    Concerns about reliability are still present since system outages could result in large increases in engineering expenses and lost productivity. Furthermore, careful planning and upkeep are needed to ensure high availability and disaster recovery across consolidated server farms.

    Manufacturers who use on-premises CAD systems have several challenges, such as growing hardware specifications, time-consuming software updates, and restricted accessibility. Each workstation needs to have CAD software loaded, which means a lot of processing power and constant maintenance is needed to keep compatibility problems at bay. Furthermore, the inability to collaborate and work remotely is a barrier to virtual accessibility, which lowers productivity and lowers stakeholder involvement.

    Computer Aided Design (CAD) Application Insights

    Based on application, the Computer Aided Design (CAD) Market segmentation includes 3D Printing, Surface Modelling, Reverse Engineering, Drafting Detailing, Assembly, and Others. The Drafting Detailing held the majority share in 2022. One of the most important ways to create 3D models from physical components that already exist is by reverse engineering, which makes it easier for such models to be integrated into software for computer-aided design (CAD), computer-aided manufacturing (CAM), and computer-aided engineering (CAE). This procedure entails precisely measuring an object with metrology equipment and rebuilding a virtual model to allow for additional digital modification and analysis.

    Reverse engineering is quite versatile and may be used in many different industries. It can be used for product design iterations, reengineering, and producing spares for older parts that don't have digital CAD files. The hitherto difficult task of obtaining rich point cloud data has become more accessible because to developments in 3D scanning technology and metrology software, enabling the development of reliable reverse engineering methods for a variety of applications.

    Computer Aided Design (CAD) Vehicle Propulsion Insights

    Based on vehicle propulsion, the Computer Aided Design (CAD) Market segmentation includes Ice and Electric vehicles. The ICE held the majority share in 2022. ICE vehicles are powered by traditional internal combustion engines fueled by gasoline or diesel. The growth of the ICE subsegment is attributed to the continued dominance of ICE vehicles in the global automotive market. BBW systems offer improved braking performance, responsiveness, and control, contributing to overall vehicle safety and performance.

    Computer Aided Design (CAD) End Use Vertical Insights

    Based on end use vertical, the Computer Aided Design (CAD) Market segmentation includes Electrical and Electronics, Automotive, Civil And Construction, Energy And Materials, Industrial Equipment, Media And Entertainment, and Others. The Civil and Construction held the majority share in 2022. In the civil and construction sector, AutoCAD is a vital tool that allows engineers to carefully create 2D and 3D models, drawings, and plans that are essential for the design and building stages. Its adaptable applications improve accuracy and efficiency throughout project lifecycles, meeting a range of civil engineering needs.

    AutoCAD makes it easier to create complex plans, sections, and construction drawings for civil design and drafting, which enables engineers to communicate engineering concepts with unmatched accuracy. The software's powerful 3D modeling features improve design analyses and presentations, especially for projects with intricate terrain and structures.

    For road and traffic engineering design, AutoCAD offers automated road creation, intersection design, and traffic flow simulations, simplifying the process of transportation infrastructure planning. Engineers can swiftly generate compliant road design drawings and conduct traffic flow simulations to optimize road design proposals effectively.

    Get more detailed insights about Computer-Aided Design (CAD) Market Research Report - Global Forecast till 2032

    Regional Insights

    By Region, the study provides market insights into North America, Europe, Asia-Pacific, and South & Central America. The Asia pacific Computer Aided Design (CAD) market accounted for ~36.0% in 2022. The Asia-Pacific region's CAD market is expanding significantly, driven by the product's extensive use in important nations including China, Japan, and India. The growing usage of CAD software in healthcare applications, particularly for the creation of cutting-edge medical devices and diagnostic instruments, is one of the main factors driving this rise.

    The design and manufacture of state-of-the-art medical equipment are made possible by CAD technology, which is essential given the growing demand for creative healthcare solutions in the area.

    Moreover, the Asia-Pacific region is experiencing substantial investments in various industries including defense, construction, manufacturing, and automotive sectors. These investments are expected to further boost the demand for CAD software, as industries leverage advanced design and engineering tools to enhance productivity, efficiency, and innovation. With growing economic development and infrastructure projects across the region, CAD software is poised to play a pivotal role in shaping the future of design and manufacturing processes in Asia-Pacific.

    FIGURE 3: COMPUTER AIDED DESIGN (CAD) MARKET SIZE BY REGION 2022 VS 2032 (USD Billion)

    COMPUTER AIDED DESIGN (CAD) MARKET SIZE BY REGION 2022 VS 2032

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Further, the major countries studied in the market report are the U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, and South Korea.

    The wide range of industries that CAD is being used in is propelling the market's explosive growth in North America. The region's aerospace and military industry in particular has seen a sharp increase in the use of CAD, mostly for the purpose of product prototyping. In order to visualize, create, and refine aircraft designs, CAD software is essential. This promotes efficiency and innovation in the aerospace sector.

    Major CAD software suppliers rely on North America as a hub, which raises the region's profile in the worldwide CAD market. Given the importance of North America in the CAD business, a major share of the global headquarters of top CAD software giant Dassault System SE are located there. Furthermore, the existence of other significant competitors like Adobe Inc., Trimble Inc., and Autodesk Inc. fosters innovation and growth in the North American CAD software industry.

    With its strong technological infrastructure, skilled workforce, and robust innovation ecosystem, North America continues to drive advancements in CAD technology. The region's emphasis on research and development, coupled with strategic partnerships and collaborations, positions North America as a key player in shaping the future trajectory of the CAD market on a global scale.

    Key Players and Competitive Insights

    With a strong presence across different verticals and geographies, the Computer Aided Design (CAD) market is highly competitive and dominated by established, pure-play vendors. Over 20 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Computer Aided Design (CAD) market is highly competitive, with many vendors offering similar products and services.

    The major players in the market include Autodesk Inc, Trimble Inc, Dassault Systemes, Bentley Systems Inc, PTC, Siemens PLM Software, Encore Software, HEXAGON AB, TurboCAD, CAD International, SmartDraw¸ ZWSOFT Co., Ltd.¸ Gstarsoft Co., Ltd, ANSYS Inc, and CorelDRAWA Industries Corporation constantly takes on new challenges to ensure the stability of its management foundation by extending its reach into business fields such as engine production, vehicle assembly, and the development and production of lift trucks and car air-conditioning compressors. It concentrates on broadening its product offerings to reach new audiences in the global market.

    The Computer Aided Design (CAD) Market is consolidated, increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.

    Key Companies in the Computer Aided Design Market market include

    Industry Developments

    In January 2024, BMW Group partnered with Dassault Systèmes to bring the 3DEXPERIENCE platform to its future engineering platform. This partnership will develop BMW Group’s future engineering platform with Dassault Systèmes.

    In June 2023, Dassault Aviation entered into a partnership with Dassault Systèmes. Under this partnership, Dassault Aviation will use Dassault Systèmes’ 3DEXPERIENCE platform on the cloud to develop its next-generation fighter, a key project in the Future Combat Air System.

    Future Outlook

    Computer Aided Design Market Future Outlook

    The global Computer Aided Design (CAD) Market is projected to grow at a 6.03% CAGR from 2024 to 2035, driven by advancements in technology and increasing demand for automation.

    New opportunities lie in:

    • Invest in cloud-based CAD solutions to enhance collaboration and accessibility for global teams.
    • Develop AI-driven design tools to streamline workflows and improve design accuracy.
    • Expand into emerging markets by offering tailored CAD solutions for local industries.

    By 2035, the CAD market is expected to achieve substantial growth, reflecting evolving technological landscapes and user demands.

    Market Segmentation

    Computer Aided Design (CAD) Regional Outlook

    • US
    • Canada
    • Mexico

    Computer Aided Design (CAD) Component Outlook

    • Software
    • Service

    Computer Aided Design (CAD) Technology Outlook

    • 2D
    • 3D

    Computer Aided Design (CAD) Application Outlook

    • 3D Printing
    • Surface Modelling
    • Reverse Engineering
    • Drafting Detailing
    • Assembly
    • Others

    Computer Aided Design (CAD) End Use Vertical Outlook

    • Electrical And Electronics
    • Automotive
    • Civil And Construction
    • Energy And Materials
    • Industrial Equipment
    • Media And Entertainment
    • Others

    Computer Aided Design (CAD) Development Model Outlook

    • Cloud
    • On premise

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 9.32 Billion
    Market Size 2024 USD 9.88 Billion
    Market Size 2032 USD 15.8 Billion
    Compound Annual Growth Rate (CAGR) 6.0% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2022
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Technology, Component, Application, Development Model, End Use Vertical, and Region
    Geographies Covered North America, Europe, Asia-Pacific, and South and center America
    Countries Covered US, Canada, Mexico, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, and South Korea.
    Key Companies Profiled Autodesk Inc, Trimble Inc, Dassault Systemes, Bentley Systems Inc, PTC, Siemens PLM Software, Encore Software, HEXAGON AB, TurboCAD, CAD International, SmartDraw¸ ZWSOFT Co., Ltd.¸ Gstarsoft Co., Ltd, ANSYS Inc, and CorelDRAWA
    Key Market Opportunities ·       Integration of Augmented Reality (AR) and Virtual Reality (VR)
    Key Market Dynamics ·       Increasing Demand for Advanced Design Tools ·       Technological Advancements ·       Increasing Demand for Electronic Design Automation (EDA)

    Market Highlights

    Author
    Ankit Gupta
    Senior Research Analyst

    Ankit Gupta is an analyst in market research industry in ICT and SEMI industry. With post-graduation in "Telecom and Marketing Management" and graduation in "Electronics and Telecommunication" vertical he is well versed with recent development in ICT industry as a whole. Having worked on more than 150+ reports including consultation for fortune 500 companies such as Microsoft and Rio Tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.

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    FAQs

    How much is the Computer Aided Design (CAD) market?

    The Computer Aided Design (CAD) Market size is expected to be valued at USD 9.32 Billion in 2023.

    What is the growth rate of the Computer Aided Design (CAD) market?

    The global market is projected to grow at a CAGR of 6.0% during the forecast period, 2024-2032.

    Which region held the largest market share in the Computer Aided Design (CAD) market?

    The Asia pacific had the largest share of the global market.

    Who are the key players in the Computer Aided Design (CAD) market?

    The key players in the market Autodesk Inc, Trimble Inc, Dassault Systemes, Bentley Systems Inc, PTC, Siemens PLM Software, Encore Software, HEXAGON AB, TurboCAD, CAD International, SmartDraw¸ ZWSOFT Co., Ltd.¸ Gstarsoft Co., Ltd, ANSYS Inc, and CorelDRAWA.

    Which technology led the Computer Aided Design (CAD) market?

    3D technology dominated the market in 2022.

    Computer-Aided Design (CAD) Market Research Report - Global Forecast till 2032 Infographic
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