Computer Aided Design (CAD) Market Research Report Information By Technology (2D and 3D), By Component (Software and Services), By Development Model (Cloud and On-Premises), By Application (3D Printing, Surface Modelling, Reverse Engineering, Drafting Det

Computer Aided Design (CAD) Market Research Report Information By Technology (2D and 3D), By Component (Software and Services), By Development Model (Cloud and On-Premises), By Application (3D Printing, Surface Modelling, Reverse Engineering, Drafting Detailing, Assembly & Others), By End Use Vehicle (Electrical And Electronics, Automotive, Civil And Construction, Energy And Materials, Industrial Equipment, Media And Entertainment, and Others), & By Region (North America, Europe, APAC, ME & Africa) –Industry Forecast Till 2032

The market size of Computer Aided Design (CAD) is expected to increase from USD 9.88 billion in 2024 to USD 15.8 billion by 2032, with a compound annual growth rate (CAGR) of 6.0% over the forecast period (2024-2032).

The integration of Virtual Reality (VR) and Augmented Reality (AR) technologies in the CAD market presents a substantial opportunity to improve the design process. By incorporating AR and VR elements into CAD tools, users can achieve a more immersive experience with their creations within 3D settings, leading to improved visualization and interaction with models. This integration transforms the design review process by offering a more immersive and genuine experience, thereby allowing users to gain a more profound understanding of intricate models.

The integration of AR and VR technologies with CAD software is highly advantageous in industries where the realistic visualization of designs is essential, such as architecture, engineering, and construction. These tools enable stakeholders to collaborate more efficiently, detect design deficiencies at the outset, and make informed decisions throughout the duration of the project. by integrating VR and AR into CAD software.

Market segment Insights

The Computer Aided Design (CAD) Market segmentation comprises 2D and 3D technologies.

Software and services comprise the market segmentation, which is determined by component. The Computer Aided Design (CAD) Market segmentation comprises On-Premises and Cloud, as determined by the development model.

The market segmentation is structured according to the application, including 3D Printing, Surface Modelling, Reverse Engineering, Drafting Detailing, Assembly, and Others. Ice and electric vehicles comprise the market segmentation, which is determined by the propulsion system of the vehicle.

Electrical and Electronics, Automotive, Civil and Construction, Energy and Materials, Industrial Equipment, Media and Entertainment, and Others comprise the market segmentation, which is determined by the end use vertical.

Regional Perspectives

In 2022, the Asia-Pacific Computer Aided Design (CAD) market comprised approximately 36.0% of the total. The CAD market in the Asia-Pacific region is experiencing substantial growth, which is primarily due to the product's widespread use in significant nations such as China, Japan, and India. One of the primary factors contributing to this increase is the increasing prevalence of CAD software in healthcare applications, particularly for the development of advanced diagnostic instruments and medical devices.

The market's tremendous growth in North America is being driven by the wide range of industries in which CAD is being employed. The aerospace and military industry in the region have experienced a significant increase in the use of CAD, primarily for the purpose of product prototyping. CAD software is indispensable for the visualization, development, and optimization of aircraft designs. This fosters innovation and efficacy within the aerospace industry.

The region's visibility in the global CAD market is enhanced by the fact that major CAD software suppliers depend on North America as a center. A significant portion of the global facilities of the leading CAD software company, Dassault System SE, are situated in North America due to its significance in the CAD industry.

Major Players

Autodesk Inc, Trimble Inc, Dassault Systemes, Bentley Systems Inc, PTC, Siemens PLM Software, Encore Software, HEXAGON AB, TurboCAD, CAD International, SmartDraw¸ ZWSOFT Co., Ltd.¸ Gstarsoft Co., Ltd, ANSYS Inc, and CorelDRAWA Industries Corporation are among the main players in the market.