Computer Aided Design (CAD) Market Business Scenario Analysis by Assessing Industry Trends and Opportunities Till 2028
Computer Aided Design Market Growth – at a CAGR of 5.4%, Market Trends – Increasing adoption of Computer Aided Machining (CAM) in manufacturing.
— Emerging research
VANCOUVER, BC, CANADA, July 28, 2022 /EINPresswire.com/ — The global computer-aided design (CAD) market is expected to reach a market size of USD 12.97 billion at a rapid CAGR of 5.4% in 2028, according to the latest analysis by Emergen Research. The rapid growth of the market can be attributed to the increase in the adoption of CAD in various vertical applications, one of the major factors contributing to the growth of the market. Using CAD software reduces the time needed to draw. Additionally, 3D models can easily be trained using CAD software. This helps industries to design and analyze the product with only a fraction of the cost compared to conventional methods. CAD offers a wide range of possibilities for product modification right from the design phase. All these benefits and benefits of CAD are helping the market grow. Increasing digitization of manufacturing processes is also a major driver of market growth.
The Computer Aided Design Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Computer Aided Design Market. The report offers in-depth research and evaluation of key elements of the global Computer Aided Design market. Research analysts have formulated this report through extensive primary and secondary research with detailed analysis of drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Computer Aided Design market.
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In February 2021, Lectra announced its intention to acquire Gerber Technology to expand its market using Gerber’s CAD technology.
In April 2018, an updated version of Fusion360 was released by Autodesk Inc. to improve product design in automotive and aerospace industries.
North America held the maximum market share in 2020 and is expected to witness growth over the forecast period, attributed to the large number of new industries being established in the region. Rising construction activities in the region are also driving the growth of the market.
The cloud segment is expected to register the fastest CAGR during the forecast period owing to an increase in the adoption of cloud services used by enterprises to reduce system maintenance costs.
Researchers have examined all the factors influencing the growth of the Computer Aided Design market globally and regionally. The report considers COVID-19 pandemic as one of the major influencing factors of the Computer Aided Design market. The pandemic has disrupted the supply chains and economic scenario of the market and hampered the growth of the market. The report examines in detail the overall impact of the COVID-19 pandemic on the Computer Aided Design market and its key segments. The report also offers current and future impact of the COVID-19 pandemic on the market.
Key Players/Manufacturers profiled in the report are:
The Computer Aided Design (CAD) market includes 3D Systems Corporation, Autodesk Inc., AVEVA Group plc., Dassault Systèmes, Hexagon AB, Nemetschek SE, PTC Inc., Siemens Product Lifecycle Management Software Inc., TRIMBLE INC., Advanced Computer Solutions Limited.
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Emergen Research has segmented the global computer-aided design (CAD) market based on technology type, deployment type, application, and region:
Technology Type Outlook (Revenue, USD Billion; 2018-2028)
Deployment Type Outlook (Revenue, USD Billion; 2018-2028)
On the site
Application Outlook (Revenue, USD Billion; 2018-2028)
Aeronautics and Defense
Building and construction
The global Computer Aided Design market is further analyzed in major geographical locations where the market has expanded to significant size. The main regions analyzed are North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report offers analysis by country to provide a comprehensive analysis of the Computer Aided Design market in terms of production and consumption patterns, supply/demand ratio, import/export, revenue contribution, trends and presence. leading players in each region.
The regional analysis covers:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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The report offers insightful insights into market dynamics of the Computer Aided Design Market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Computer Aided Design market, competitive landscape, factors affecting it, and to predict the growth of the industry. . It also offers the impact of various market factors along with the effects of regulatory framework on the growth of the Computer Aided Design market.
Key benefits of the report:
Complete analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s five forces analysis
8-year in-depth analysis of the global computer-aided design market
Critical assessment of key market segments
Comprehensive analysis of drivers, constraints, trends and opportunities
Detailed regional analysis and comprehensive company profiling
In-depth assessment of current and emerging market trends
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Computer-aided design market size worth USD 12.97 billion in 2028