Global CAD Market Growth (Status and Outlook) 2023-2029

Global CAD Market Growth (Status and Outlook) 2023-2029

CAD refers to a software tool used to achieve accuracy in designing and modeling of products and components of an organization. CAD solutions are widely adopted by industries, such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. The solutions help end-users develop prototypes of products digitally before the production stage. They also help in the development of industry-specific products.

LPI (LP Information)' newest research report, the “CAD Industry Forecast” looks at past sales and reviews total world CAD sales in 2022, providing a comprehensive analysis by region and market sector of projected CAD sales for 2023 through 2029. With CAD sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world CAD industry.

This Insight Report provides a comprehensive analysis of the global CAD landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on CAD portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global CAD market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CAD and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global CAD.

The global CAD market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Increasing use of CAD software in packaging industry, along with growing product recalls in automotive industry, are some of the key factors positively impacting the growth of the industry. However, availability of free and open-source CAD software, and high cost of advanced and 3D CAD software are the factors negatively impacting the growth of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of CAD market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
3D
2D

Segmentation by application
Automotive
Industrial Machinery
Aerospace
Defense
Electrical & Electronics
Healthcare
Arts
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Autodesk
Dassault Systèmes
PTC
Mentor Graphics
BricsCAD
Graebert
RealCAD
Solvespace
TurboCAD

Please note: The report will take approximately 2 business days to prepare and deliver.