Frost Radar™: Mechanical Computer-aided Design, 2025

Frost Radar™: Mechanical Computer-aided Design, 2025

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

The Frost Radar™ on mechanical computer-aided design (MCAD) offers a competitive benchmark analysis derived from Frost & Sullivan’s CAD Growth Opportunities report. It ranks eight companies on their growth potential and ability to innovate.

MCAD revenue amounted to $6.4 billion in 2023. Frost & Sullivan expects revenue to reach $10.46 billion by 2030 at a compound annual growth rate of 7.3%. Drivers include the presence of smart products across industries that places complex demands on vendors regarding mechanical and electronic CAD integration; the demand to reduce products’ environmental impact (a process in which the design stage plays a key role); and new technologies, such as generative design and additive manufacturing, that are disrupting product design. Affordable and flexible SaaS deployment allows vendors to reach new market segments and niches.

MCAD vendors’ growth strategies in a concentrated market mostly revolve around the development of strong portfolios and integrations that increase their offerings' capabilities; the creation of expansive ecosystems that include strategic partnerships with key technology providers to incorporate new features in their offerings and agreements with value-added resellers that can provide specialized services and help companies extend their geographic reach; and compelling packages for small and medium-sized businesses and students that lower the barriers to entry through special pricing and training.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.