The global computer aided design market size is expected to reach USD 17.47 billion by 2030 according to a new study By Polaris Market Research. The Report “Computer Aided Design Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Technology (3D Technology, 2D Technology); By Application; By Industry; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Escalated availability of CAD products with more progressive and new features and operations such as increased productivity, enhanced model quality, superior communication, and generating a database for product manufacturing is propelling computer aided software revenue growth. The engaging interface and user-friendly computer-aided design software products have allured noteworthy customers in the market in a short period of time. CAD is popular amongst professionals, and the demand is increasing due to its precision and accuracy.
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Based on market, media, and entertainment segments, revenue is projected to increase at a steady rate during the forecast. Increased demand for computer aided design software in storyboarding, simulation, and animation is driving the growth of the media and entertainment segment. From the imported and sculpted data, engineers generate product-quality meshes and animation-ready topology. For other processes such as rendering, editing, texturing and shading, and motion capture clean-up, CAD is used.
Combining the internet of things, technologies, and capabilities with the regulation of the CAD software products permits drafters to immaculately model and retrofit buildings. One of the most innovative features of this software is mobile accessibility, which permits users to obtain models irrespective of the location.
Moreover, with the advancement of cloud technology, engineers can upload and save their work on these platforms, which can be reached anywhere. These advancements have encouraged users and helped in the deployment of CAD software.
Some key players in the global CAD software market include Encore Software, Bentley Systems, Inc., Siemens, CAD International, Dassault Systèmes, Graebert GmbH, Hexagon AB, Autodesk, Inc., Oracle, PTC, Trimble Inc, and TurboCAD.
For instance, in November 17, 2020, Dassault Systèmes announced the launch of the general availability of 3DEXPERIENCE Release 2021x. This platform brings cloud benefits to mid-market and SOLIDWORKS customers across design and engineering, simulation, manufacturing and production, and governance. It also offers all the functionalities of the SOLIDWORKS Desktop with a connection to the platform.
Polaris Market Research has segmented the computer aided design market report on the basis of component, technology, application, industry, and region:
Computer-Aided Design, Component Outlook (Revenue - USD Million, 2022 - 2030)
Computer-Aided Design, Technology Outlook (Revenue - USD Million, 2022 - 2030)
Computer-Aided Design, Application Outlook (Revenue - USD Million, 2022 - 2030)
Computer-Aided Design, Industry Outlook (Revenue - USD Million, 2022 - 2030)
Computer-Aided Design, Regional Outlook (Revenue - USD Million, 2022 - 2030)