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

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

Computer-aided design (CAD) is the use of computer systems (or workstations) to aid in the creation, modification, analysis, or optimization of a design. CAD software is used to increase the productivity of the designer, improve the quality of design, improve communications through documentation, and to create a database for manufacturing. CAD output is often in the form of electronic files for print, machining, or other manufacturing operations. The term CADD (for Computer Aided Design and Drafting) is also used.

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

This Insight Report provides a comprehensive analysis of the global Computer-aided Design (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 Computer-aided Design (CAD) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Computer-aided Design (CAD) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Computer-aided Design (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 Computer-aided Design (CAD).

The global Computer-aided Design (CAD) market size is projected to grow from US$ 8653.1 million in 2022 to US$ 12470 million in 2029; it is expected to grow at a CAGR of 5.4% from 2023 to 2029.

The adoption of CAD design platform in various manufacturing industries and disciplines to generate models and drawings is the major driver for the growth of global CAD market. The increasing adoption of virtual platforms for product development in manufacturing industries is expected to drive the consumption of CAD software. The CAD based designs are used throughout the life cycle of a product and at different stages such as design verification, concept verification and failure verification. The manufacturers adopt the implementation of CAD software in product development phase as it helps in improving the quality of the product. The CAD based design are extensively used in automotive industry and the OEMs are consistently focusing on improving the design parameters. The rapid growth in automotive industry is expected to propel the growth of global CAD market.

This report presents a comprehensive overview, market shares, and growth opportunities of Computer-aided Design (CAD) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
2D
3D
Other

Segmentation by application
Education
Architecture
Art and Design
Mechanical Design
Other

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
TurboCAD
SketchUp
CADopia
Progesoft
FormZ
SolidWorks
SkyCiv
SmartDraw
Bentley Systems
Corel
RubySketch
ANSYS

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