Computer Aided Design (CAD) Market Size, Share, Trends, Growth, and Industry Analysis, By Component (Software, Services); By Product (3D, 2D); By Deployment (On-Premise, Cloud) By Application (Aerospace & Defense Industry, Shipbuilding Industry, Automobile & Train Industry, Machine Tool Industry, Building & Construction) and Regional Insights and Forecast to 2032
global computer aided design market size was USD 18.54 billion in 2021 and is predicted to reach USD 45.02 billion in 2032, exhibiting at a CAGR of 8.4% during the forecast period.
One of the key reasons fueling the market's expansion is the rising acceptance of (CAD) across a range of application verticals. A designer may not only quickly and accurately develop a model of anything, but also fix any errors or anomalies before building an actual prototype. Using CAD software speeds up the sketching process. Moreover, CAD software makes it simple to create 3D models. In comparison to the traditional methods, this aids industries in designing and analyzing the product for a small fraction of the cost. CAD gives the product a wide range of customization options even during the design stage. All of these CAD advantages and benefits help the industry expand. Increased manufacturing process digitalization is a significant driver of market expansion. Today, CAD application like CATIA and SolidWorks are preferred by engineers and designers as a quick approach to produce original ideas.
During the covid-19 pandemic production halts & supply chain disruption led to suspension of value chain active industries like Aerospace, Manufacturing, Automation & transportation which was continued till 2020. Due to lots of uncertainty in market various industries started accepting CAD over traditional designing to reform their collapsed economies. The adoption of CAD accelerated in different verticals other than automation & defense like real estate, machinery & ship building which are driving growth prospects of the market.
When compared to using traditional methods, CAD prevents a significant amount of material from being wasted. This contributes to the overall production cost reduction and is a major element in the market's expansion. In order to grow the market, major corporations are expanding through partnerships, mergers and acquisitions, and the introduction of new products.
Report Scope:
Report Attribute/Metric |
Details |
Market Size (2032) |
USD 45.02 billion |
CAGR |
8.40% |
Base Year |
2023 |
Forecast Period |
2024-2032 |
Historical Data |
2021 |
Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By Technology, By Application, By Industry, By Deployment Mode, |
Geographies Covered |
North America, Europe, Asia-Pacific, MEA, and Rest of the World (RoW) |
Key Vendors |
Autodesk, Inc (US), Trimble Inc (US), Dassault Systèmes (France), Bentley Systems, Incorporated (US), PTC (US), Siemens PLM Software (France), Encore Software (US), Hexagon AB (Sweden), CAD International (Australia), Graebert GmbH (Germany), Corel Corporation, (Canada), SmartDraw, LLC (US), ZWSOFT Co., Ltd (China), Gstarsoft Co., Ltd (China), and ANSYS, Inc. (US). |
Key Market Opportunities |
Rising security concerns over cloud-based CAD solution and the emergence of building information modelling (BIM) are expected to hinder the growth of the CAD market during the forecast period. |
Key Market Drivers |
Increasing adoption of 2D, 3D CAD in manufacturing sectors and the integration of virtual reality with CAD models by the construction firms are driving the CAD market during the forecast period. |
Market Segments
Market Segments According to the component, the market is segmented into product, solution and services. The market is divided into two categories based on deployment types: on-premise and cloud. According to product type, the market is classified into 2D and 3D. By application, it is divided into aerospace & defense industry, shipbuilding industry, automobile & train industry, machine tool industry, Building and construction and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and MEA.
Over the Forecasted period, the 3D design segment combined with cloud segment is anticipated to increase at the fastest rate. The use of a CAD for designing & packaging, smart city initiatives, and automobile, among other applications, can be credited with this increase. In order to streamline workflow procedures and lower operational expenses, Manufacturing, Construction industries are concentrating on enhancing cooperation across all departments. With the use of CAD, businesses may create workflow frameworks that improve supplier and departmental collaboration as well as consumer interaction.
The market share can be attributed to the high deployment of CAD for designing and developing prototypes of aerospace engines, assembly lines, communication systems, full-scale automotive models, structuring in ship building industry, among other applications.
Competitive Analysis
The market is expanding as a result of the industrial vertical's expansion in developing nations including the US, Canada, Japan and India. The second-largest economy in the world and a significant global hub for manufacturing, China, significantly contributes to market expansion. The expansion of construction activities globally also contributes to the market's expansion with the benefits of CAD, including its efficiency, options for generating countless inventive designs, and significant cost savings. Large corporations heavily invest in R&D to incorporate emerging technology and develop software solutions with unique features in order to gain a competitive advantage over competitors. The recently launched point facilitates increased cooperation, delicacy, and speediness in the estimate process. Also, technology providers focus on developing solutions to cater to a specific industry vertical and incorporate advanced technologies, such as AI, ML, and IoT, to fulfil a specific industrial requirement.
Some key players in the global CAD software market include:
Segmentation: -
By Product
By Component
By Deployment
By Application
By Region
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Top-Down Approach & Bottom-Up Approach
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In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
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