Computer-Aided Design Market - Analysis and Forecast to 2028

The emergence of digitalization of the manufacturing process has led to the increased efficiency of the product development process. Before the era of digitalization, the designs of the prototype were drafted manually which led to the delay in the production time and also involved accuracy issues in the size and dimensions, since they were manually calculated. However, with the introduction of computer-aided design software packages, not only has the efficiency of the designing and production process been enhanced but it also led to more creativity in the designs by various engineers and designers. The digitalization of designs has now given the designers the opportunity to explore and innovate their products in multiple end-user industries such as automotive, healthcare, electronics and electricals, among others.

The global Computer-Aided Design Market is estimated to witness growth at a CAGR of 6.35% over the period of 2018 to 2028. This growth in the market is attributed to the increasing demand from various end-use application verticals such as automotive industry, aerospace and defense industry, building and construction industry, industrial machinery industry, electronics and electricals industry, among others.

The report is a compilation of different segments of the global computer-aided design market, including market breakdown by product type, technology type, operating systems, application, geographical areas. Herein, the revenue generated from the product types (CATIA, NX and Solid Edge, SOLIDWORKS, Fusion 360 and others), technology types (2D-Design and 3D-Design), operating systems (macOS, Windows, UNIX and Linux), application (automotive, aerospace and defense, building and construction, electronics and electricals and others) and geographies (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) are tracked to calculate the overall market size in terms of value ($million). While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the global computer-aided design market. It also includes the key participants involved in the industry at the relevant sections.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. Each geography details the individual push and pull forces in addition to the key players from that region. This report is a meticulous compilation of research on more than 100 players in the global computer-aided design market and draws upon the insights from in-depth interviews with the key opinion leaders of more than 50 leading companies, market participants, and vendors. The report also profiles approximately 15 supplier profiles with their financial analysis, SWOT, and product portfolio.

The companies profiled in the report are 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, BENTLEY SYSTEMS, INCORPORATED, BobCAD-CAM, Inc., Bricsys NV, Kubotek3D, and Robert McNeel & Associates.

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Market Overview

The introduction of computer-aided design software packages has added a new dimension to the manufacturing industry by increasing the overall efficiency of the manufacturing process. Computer-aided design software is primarily a software program used by designers, engineers, and architects to digitally represent the design of the product that is to be made or constructed.  The computer-aided software products allow the designer to model the entire object much faster and help rectify any flaw in the design before the creation of a physical prototype. At an initial phase, 2D designs were constructed through computer-aided software packages. The idea of simple 2D-computer-aided design, however, slowly developed into complex multi-layered 3D structures with more precision and detailing. computer-aided software packages provide increased productivity to the designer as it improves the quality of design and communication through documentation, and aids in the creation of databases for manufacturing. The software facilitates the designing of any product and helps in making changes digitally to get accurate results. Computer-aided software packages primarily involve tools that help in the geometrical representation of a design with different dimensions. The advent of computer-aided software packages has revolutionized the engineering, manufacturing, and the production industries due to the distinguished features of computer-aided software mentioned above.

The wide range of useful properties of computer-aided design software packages have led to the development of a number of applications, which are paving their way toward practical and commercial applicability. Currently, the major application areas of computer-aided design software packages include automotive industry, building and construction industry, electronics and electricals industry, pharmaceuticals and healthcare industry, aerospace and defense industry and others. Out of all these, the automotive industry is the leading application vertical, where there is an extensive usage of computer-aided design software packages to design various automotive components and OEMs.

In terms of value, the global computer-aided design market is expected to grow at a CAGR of 6.35% during the forecast period 2018-2028. The high growth of computer-aided design software packages can be attributed to the increasing demand for designing software packages and wide acceptance in different end user industries. The use of computer-aided design software provides an economical solution for today’s manufacturing needs due to its ease of usage and added functionalities over manual drafting.

Key products that contribute to the global computer-aided design market include CATIA, SOLIDWORKS, AutoCAD and AutoCAD LT, Autodesk Inventor, NX and Solid Edge, Creo, SketchUp, Geomagic, and others. In terms of product type, CATIA is acquiring the largest market size in the current scenario. This can be attributed to the fact that CATIA facilitates the complete product development processes from designing to engineering and from styling to systems modeling within a single integrated platform.

In terms of technology, 3D designs are expected to witness fastest growth in the global computer-aided design market due to the limitations of 2D structures regarding digital prototyping and rapid prototyping.

Some of the key players operating in the computer-aided design market include 3D Systems Corporation, Advanced Computer Solutions Limited, Autodesk Inc., AVEVA Group plc, BENTLEY SYSTEMS, INCORPORATED, BobCAD-CAM, Inc., Dassault Systèmes, Bricsys NV, Hexagon AB, NEMETSCHEK SE, PTC Inc., Siemens Product Lifecycle Management Software Inc., and TRIMBLE INC.

The key players operating in this market have increased their product launch activities over the recent years to generate public awareness about their existing and new products and technologies and to compete with the competitors’ product portfolio. Driven by the rapid evolution of the computer-aided design software packages, there has been a swift growth in the research and development activities by many important players in this market, leading to an increase in the number of business expansions over the last four years.

Key Questions Answered in this Report :

•    What is the global computer-aided design market size in terms of value ($million) from 2016-2028 along with the year-on-year growth rates and the CAGR from 2018 to 2028?

•    What are the different product types of computer-aided design software packages and their growth pattern in terms of value in different regions and countries?

•    What are the different technology and operating systems on which the computer-aided design software packages are used across all industries and their growth pattern in terms of value in different regions and countries?

•    What are the major end-user industries for computer-aided design software packages globally in terms of revenue generation?

•    What is the consumption pattern of the computer-aided design software packages across end users in different regions and countries?

•    Which are the major regions and countries that provide growth opportunities for the computer-aided design market?

•    What is the competitive strength of the key players in the computer-aided design market on the basis of their recent developments, product offerings and regional presence?

•    Who are the key players (along with their detailed analysis and profiles including their financials, company snapshots, key products and services, and SWOT analysis) in the market?

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