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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-Integrated Manufacturing (CIM) to Bolster the Demand for CAD

The computer-aided design (CAD) market is expected to reach US$ 14.03 billion by 2026, expanding at a CAGR of 6.8% from 2018 to 2026. Principally governed by North America, the CAD market is driven by the rising adoption of computer-integrated manufacturing (CIM) approaches. CIM refers to a modern manufacturing approach integrated with control systems to regulate the entire manufacturing process from design to delivery. CAD is an integral part of the CIM process, as it offers a solution that makes overall product development operations much easier. While CAD exerted a major influence on numerous industries, it proved revolutionary in the product design process. The major advantage of CAD in the product design process refers to added product flexibility, which enables engineers to evade costly errors. The use of CAD for animation and real-time simulation prompted more in-depth research. Further, CAD systems extract data from computed tomography (C.T.) scanners and generate CAD models, thereby demonstrating their vitality as a technology in the healthcare sector. A wide array of applications of CAD would ensure strong growth for the market throughout the forecast period.

Market Synopsis

3-D CAD leads the market and is expected to maintain its dominance.

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

End-use Industry Development to Ensure the Fastest Growth of the CAD Market in the Asia Pacific Region Throughout the Forecast Period

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

Channel Partners Will Remain Crucial in Meeting Customers' Changing Demands

Channel partners work in conjunction with CAD software and service providers. This integration proved to be beneficial when customization was required for each individual buyer. Along with value additions to software and services, several channel partners also offer implementation services. Software and service providers engage with channel partners to expand their customer reach in the market. For instance, in the U.S. CAD market, Autodesk, Inc. engaged with a 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 were looking to outsource CAD services to enhance the overall product design process, which paved the way for the fragmentation of the market with the rising presence of end-user solution providers. Key players of the global CAD market profiled in the report include Autodesk, Inc., Dassault Systems S.E., 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.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The 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 the global CAD market based on technology type, offering, end-use application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of CAD in 2017 and the forecast up to 2026?
  • Which is the largest regional market for CAD?
  • What are the key market trends observed in the CAD market and the outlook for computer-aided technology?
  • Which is the most promising technology offering an end-use application in the CAD market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key product design trends across different geographies and sub-geographies?

Frequently Asked Questions:

The market for Computer Aided Design (CAD) Market is expected to reach US$ 14.03 Bn by 2026.

The Computer Aided Design (CAD) Market is expected to see significant CAGR growth over the coming years, at 6.8%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Autodesk, Inc., Dassault Systems S.E., 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 are some of the major players in the global market.

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Published Date:  Aug 2018
Category:  Technology & Media
Report ID:   59276
Report Format:   PDF
Pages:   120
Rating:    4.1 (50)
Delivery Time: 24 Hours to 48 Hours   
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