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CAD Software Market to Reach
$11,097 Million by 2023

enquiry@psmarketresearch.com
www.psmarketresearch.com

CAD Software Market

Explore Report Description, TOC on "CAD Software Market by Technology (3D, 2D), by
Level (Intermediate, Pro, Beginner), by Application (Automotive, Industrial Machinery,
Aerospace, Defense, Electrical & Electronics, Healthcare, Arts, Others) – Global Market
Size, Share, Development, Growth and Demand Forecast, 2013-2023“
at: https://www.psmarketresearch.com/market-analysis/cad-software-market
Computer-aided design (CAD) software is being utilized to create two-dimensional
(2D) and three-dimensional (3D) illustrations. The different modelings under 3D CAD
include wireframe, surface and solid modelling. CAD is used by professionals such as
designers, engineers, drafters, entertainers and architects to create meticulous
sketches or technical illustrations. CAD software is getting widely adopted in various
application areas such as automotive, industrial machinery, aerospace, defense,
healthcare and arts.

CAD Software Market

Insights on market segments
As per the findings of the research, 3D CAD held a larger market as
compared to 2D CAD technology. The demand for CAD software solutions
was the highest from automotive industry and it is also expected to
continue being the highest revenue contributor to the global CAD market,
during the forecast period. Intermediate CAD software witnessed the
highest demand as compared to other categories in 2016. However, both
pro and intermediate level of CAD software are expected to grow with
similar rates during the forecast period.

CAD Software Market

CAD software market to witness fastest growth in
Asia-Pacific during the forecast period
Geographically, EMEA has been the largest CAD software market, whereas Asia-Pacific is
expected to witness the fastest growth among all regions, during the forecast period.
The anticipated growth in CAD software market can be attributed to increasing
digitalization, advancement in new technologies, growth in manufacturing industry, and
increasing adoption of advanced rendering and simulation tools by designers in the
region. Further, due to rapid technological advancements in building infrastructure, and
development of precision modeling techniques in industrial machinery and healthcare
applications, the region has higher propensity to adopt advanced CAD software solutions
at a rapid scale.

CAD Software Market

Increasing use of CAD software in packaging
machinery
The key factors propelling the growth of CAD software market include surging
adoption of CAD software in packaging machinery. Packaging machinery helps to
complete various phases of the packaging process including filling, wrapping,
strapping and labelling. With packaging machines becoming increasingly complex
with higher efficiency demand, engineers and designers are adopting CAD software
to face unique mechatronic engineering challenges.
In addition, surge in demand of smart packaging is also a key factor responsible for
increasing demand of CAD software in packaging machinery. Smart packaging
decreases the loss and wastage of food, owing to which designers are streamlining
the communication between electrical engineering controls and mechanical
systems through CAD integrated product development solutions. However,
availability of free and open-source CAD software may hinder the growth of the
CAD software market in coming years. Small & medium enterprises are looking for
freeware, leading to widespread adoption of free and open source CAD, which will
obstruct the CAD software market growth in future.

CAD Software Market

3D CAD – the major revenue generator
3D CAD has been the larger revenue contributor to this industry as
compared to 2D. Rapid transformations taking place in the design software
industry have impacted several designers to make them more productoriented and user-friendly. Designers are looking for more optimized and
advanced design and drafting solutions to effectively manage their product
designing in realistic terms, and further manage the development cycle. 3D
CAD has been emerging as the need of the hour, as designers are in
demand for solutions that provide innovative designing tools and higher
simulation. 3D CAD providers focus on offering their solutions on ease-ofuse basis, in order to cater to a large user base and growing demand for
cost-effective and easily available design software solutions. In addition, the
increasing use of 3D modeling and need for advanced real-time rendering is
further creating opportunities for the 3D CAD software market growth.

CAD Software Market

Highly consolidated global CAD software market
The global CAD software market was consolidated in 2016, wherein the top
five players accounted for around 86% of the market revenue. Autodesk,
Inc. was the global market leader in 2016. The other major companies
operating in this market includes Bentley Systems Inc., Dassault Systèmes,
PTC, 3D Systems Inc., Aveva Group Plc, and Hexagon.

CAD Software Market

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