What is Computer-Aided Design Market?
Computer-Aided Design is the use of computer software to design and document a product in the computer design process. This technology assists engineers and architects in producing large & complicated designs. It gives a detailed description of any component in a graphical format and assists in engineering. Computer-aided design (CAD) is used to accomplish preliminary design plus layouts, design details and calculations, creating various 2-D and 3-D models, creating and releasing drawings, as well as interfacing with analysis, manufacturing, marketing, and end-user personnel. As manufacturers have rapidly shifted from 2D into 3D CAD in today’s digital world, designers have surged the use of it to enhance designs and improve communication
The market study is being classified by Type (ECAD (Electronic CAD) and MCAD (Mechanical CAD)) and major geographies with country level break-up.
Autodesk Inc. (United States), Bentley Systems Inc. (United States), Dassault Systèmes (France), Cadonix Ltd. (United Kingdom), Ptc Inc (United States), Gstarsoft Co. Ltd. (China), 3D Systems Corp. (United States), Aveva Group Plc (United Kingdom), Hexagon (Sweden) and Ironcad Llc (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ashampoo GmbH & Co. KG (Germany), CAXA Technology Co., Ltd. (China), Kubotek3D (United States) and VariCAD s.r.o. (Czech Republic).
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Computer-Aided Design market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Computer-Aided Design market by Type, Application and Region.
On the basis of geography, the market of Computer-Aided Design has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Use Of 3D CAD In Packaging Machinery
- Latest Technological Advancements
- Reality Capture and Augmented Reality Provide New Perspectives
- Availability Of Free And Open-Source CAD Software
- High Cost Of 3D CAD
- Demand For Mobile Access To 3D CAD
- Cloud-Based CAD Service
- Need For Advanced Real-Time Rendering
- Competitive intensity of competitors
- The threat of new entrants
Market Leaders and some development strategies
Hexagon announced to acquire Bricsys, a leading provider of the Bricsys Brics CAD platform solutions for AEC and MCAD markets. This acquisition is expected to strengthen the offerings of 3D CAD solutions to end-user industries
Recently, ANSYS and PTC have announced a partnership at the sold-out LiveWorx 18 digital transformation conference to accelerate product innovation by providing customers with a world-class simulation-driven design solution
Key Target AudienceComputer-Aided Design Industry Investors, Computer-Aided Design Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End-user