Computer Aided Design (CAD) is a design documentation and mechanical design software program. CAD software is an automated form of mechanical design that is used as a substitute for manual drafting. The CAD program aids the manufacturing and development process by providing a complete diagram of the product as well as information on the product’s materials, tolerances, and measurements in accordance with industry standards.
The most common uses of CAD software are product layout, conceptual design, and manufacturing and assembly process analysis. They’re also employed in environmental impact studies, where CAD-generated drawings are used to create renderings of the new structures’ appearance once they’re erected. The mouse, digital graphic tablet, digital pen, and other user interfaces are used to create designs.
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CAD Market: Drivers and Restraints
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.
CAD Market: Region Wise Outlook
The global CAD market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe accounts for major share in global CAD market due to the presence of well-established automotive industry in the region. North America also accounts for significant share on global CAD market.
This is attributed to rising adoption of cloud based mechanical CAD software in mechatronics industry is anticipated to propel the growth of CAD market in the region. APEJ is expected to project significant growth during the forecast period. There is a rise in investments in healthcare industry and the rapid adoption of CAD designs for development of medical devices in the region.
Also, the rapid growth of automotive industry is expected to boost the growth of CAD market in the region. Japan holds major share in robotics and mechatronics industry, which is anticipated to boost the growth of CAD market in the country.
CAD Market: Key Players
Some of the key players in the global CAD market are as follows:
- Dassault Systemes
- Cadonix Ltd.
- Caddie Software
- Menhirs NV
- Kubotek USA
- Autodesk Inc.
- Siemens Product Lifecycle Management Software Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
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The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Western Europe (EU5 countries, Nordic, BENELUX, Rest of Western Europe)
- Eastern Europe (Poland, Russia, Rest of Eastern Europe)
- APEJ (China, India, ASEAN, Australia & New Zealand)
- MEA (GCC Countries, S. Africa, N. Africa, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.