Computer-aided design (CAD) is a vital tool that enhances precision, efficiency, and collaboration in various industries. It allows for the creation of highly accurate 2D and 3D designs, making it easier to explore multiple design options. CAD facilitates rapid prototyping and manufacturing, reducing errors and saving time. It also streamlines documentation and archiving of design data, making it easy to retrieve and update designs. Furthermore, CAD contributes to sustainability efforts by enabling the assessment of materials and environmental impact. Overall, CAD is indispensable for improving design quality, reducing costs, and accelerating product development.

CAD software is a versatile tool employed for design documentation and mechanical engineering tasks, offering a more efficient and automated alternative to traditional manual drafting methods. CAD software is pivotal in streamlining and enhancing manufacturing and development processes by offering detailed product diagrams and essential information regarding materials, tolerances, dimensions, and various conventions.

Computer-Aided-Design (CAD) Market, Design Insights

Computer-Aided-Design (CAD) market segmentation based on design, includes 3D and 2D. The 3D design market held the majority of the share in FY2023. 3D design precisely represents and visualizes objects using a collection of points in three dimensions on the computer. Similarly, 3D design is utilized by various professionals, including architects, mechanical engineers, electrical engineers, interior designers, and civil engineers, among others.

Computer-Aided-Design (CAD) Market, Deployment Insights

The cloud-based deployment segment is expected to witness significant growth as it eliminates the necessity for costly hardware and IT infrastructure. Moreover, it provides advanced security measures like encryption and multi-factor authentication, safeguarding designs and intellectual property against unauthorized access.

Computer-Aided-Design (CAD) Market, Industry Insights

Computer-Aided-Design (CAD) market segmentation based on design, includes electrical and electronics, automotive, construction, manufacturing, healthcare, and media & entertainment, amongst others. XX segment is set to dominate as CAD market. The adoption of CAD has been increasing in these industries.   CAD is becoming the universal language in the automotive industry, aiding efficiency and quality. The automotive industry is moving towards user-friendly software with reduced human intervention.

Computer-Aided-Design (CAD) Market, Region Insights

North America CAD market accounted for major market share and the growth is attributed to the growing adoption of cloud-based solutions, increasing demands for efficiency and automation in manufacturing, and the thriving aerospace and defence sectors. The region is poised for substantial growth, supported by increasing investments in research and development activities. Moreover, the presence of key players in the industry like Autodesk Inc, Dassault Systemes SE, PTC Inc., and Siemens, are instrumental in shaping the market landscape.

Competitive Landscape

The Computer-Aided-Design (CAD) faces an intense competition due to the presence of numerous international and domestic players. The CAD market is dominated by key players such as PTC, Nanosoft, VariCAD, Siemens, Autodesk, Fujifilm, Trimble, Dassault, Graebert GmbH, Cadonix, and Caddie Software, amongst others. Major market players are actively engaged in acquiring smaller company and enhancing their product offerings to align with evolving consumer preferences. The success of players in the CAD market is heavily dependent on their ability to adapt to changing market trends and consumer preferences.

Key Developments

• In May 2023, PTC announced its Creo software as a service (SaaS) CAD solution and the release of the tenth version of its Creo CAD software.
• In November 2023, Toray Advanced Computer Solution introduced a fashion CAD software package with 2D and 3D capabilities into the US market.
• In April 2021, Autodesk, Inc. acquired Up Chain, Inc., a Product Data Management (PDM), Product Lifecycle Management (PLM), instant-on, and cloud-based solutions provider, to offer value for suppliers, manufacturers, engineers, and other product stakeholders.
• In November 2020, R2021x introduced the new 3DEXPERIENCE WORKS portfolio, bringing cloud benefits to the market and SOLIDWORKS customers.
• In March 2023, VariCAD 2023-“2.0” a new version of VariCAD that contains updates in OpenGL settings. The company also updated the behavior of 2D objects, print settings, 3D object dragging, and configuration of usage of two monitors.

Table of Segmentation