CAD Software Market Key Factors of Propelling the Growth is Include Surging Adoption of CAD Software in Packaging Machinery

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CAD Software Market to Reach 11,097 Million by
2023
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CAD Software Market
Explore Report Description, TOC on "CAD Software
Market by Technology (3D, 2D), by Level
(Intermediate, Pro, Beginner), by Application
(Automotive, Industrial Machinery, Aerospace,
Defense, Electrical Electronics, Healthcare,
Arts, Others) Global Market Size, Share,
Development, Growth and Demand Forecast,
2013-2023 at https//www.psmarketresearch.com/ma
rket-analysis/cad-software-market Computer-aided
design (CAD) software is being utilized to create
two-dimensional (2D) and three-dimensional (3D)
illustrations. The different modelings under 3D
CAD include wireframe, surface and solid
modelling. CAD is used by professionals such as
designers, engineers, drafters, entertainers and
architects to create meticulous sketches or
technical illustrations. CAD software is getting
widely adopted in various application areas such
as automotive, industrial machinery, aerospace,
defense, healthcare and arts.
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CAD Software Market
Insights on market segments
As per the findings of the research, 3D CAD held
a larger market as compared to 2D CAD technology.
The demand for CAD software solutions was the
highest from automotive industry and it is also
expected to continue being the highest revenue
contributor to the global CAD market, during the
forecast period. Intermediate CAD software
witnessed the highest demand as compared to other
categories in 2016. However, both pro and
intermediate level of CAD software are expected
to grow with similar rates during the forecast
period.
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CAD Software Market
CAD software market to witness fastest growth in
Asia-Pacific during the forecast period
Geographically, EMEA has been the largest CAD
software market, whereas Asia-Pacific is expected
to witness the fastest growth among all regions,
during the forecast period. The anticipated
growth in CAD software market can be attributed
to increasing digitalization, advancement in new
technologies, growth in manufacturing industry,
and increasing adoption of advanced rendering and
simulation tools by designers in the region.
Further, due to rapid technological advancements
in building infrastructure, and development of
precision modeling techniques in industrial
machinery and healthcare applications, the region
has higher propensity to adopt advanced CAD
software solutions at a rapid scale.
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CAD Software Market
Increasing use of CAD software in packaging
machinery
The key factors propelling the growth of CAD
software market include surging adoption of CAD
software in packaging machinery. Packaging
machinery helps to complete various phases of the
packaging process including filling, wrapping,
strapping and labelling. With packaging machines
becoming increasingly complex with higher
efficiency demand, engineers and designers are
adopting CAD software to face unique mechatronic
engineering challenges. In addition, surge in
demand of smart packaging is also a key factor
responsible for increasing demand of CAD software
in packaging machinery. Smart packaging decreases
the loss and wastage of food, owing to which
designers are streamlining the communication
between electrical engineering controls and
mechanical systems through CAD integrated product
development solutions. However, availability of
free and open-source CAD software may hinder the
growth of the CAD software market in coming
years. Small medium enterprises are looking for
freeware, leading to widespread adoption of free
and open source CAD, which will obstruct the CAD
software market growth in future.
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CAD Software Market
3D CAD the major revenue generator
3D CAD has been the larger revenue contributor to
this industry as compared to 2D. Rapid
transformations taking place in the design
software industry have impacted several designers
to make them more product-oriented and
user-friendly. Designers are looking for more
optimized and advanced design and drafting
solutions to effectively manage their product
designing in realistic terms, and further manage
the development cycle. 3D CAD has been emerging
as the need of the hour, as designers are in
demand for solutions that provide innovative
designing tools and higher simulation. 3D CAD
providers focus on offering their solutions on
ease-of-use basis, in order to cater to a large
user base and growing demand for cost-effective
and easily available design software solutions.
In addition, the increasing use of 3D modeling
and need for advanced real-time rendering is
further creating opportunities for the 3D CAD
software market growth.
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CAD Software Market
Highly consolidated global CAD software market
The global CAD software market was consolidated
in 2016, wherein the top five players accounted
for around 86 of the market revenue. Autodesk,
Inc. was the global market leader in 2016. The
other major companies operating in this market
includes Bentley Systems Inc., Dassault Systèmes,
PTC, 3D Systems Inc., Aveva Group Plc, and
Hexagon.
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CAD Software Market
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