The global Computer Aided Design (CAD) market is expected to reach a market size of USD 12.97 Billion at a rapid CAGR of 5.4% in 2028, according to the latest analysis by Emergen Research. The rapid growth in the market can be attributed to the rise in the adoption of CAD in various application verticals is one of the major factors contributing to growth of the market. Use of CAD software reduces the time taken to sketch. Moreover, 3D models can easily be formed through CAD software. This helps the industries in designing and analyzing the product with just a fraction of the cost as compared to the conventional methods. CAD provides a wide range of modification possibilities to the product right at the designing phase. All these advantages and benefits of CAD contribute to growth of the market. Rise in the digitalization of manufacturing processes is also a major factor for growth of the market.
Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Computer Aided Design industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Computer Aided Design industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Computer Aided Design industry.
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The leading market contenders listed in the report are:
Autodesk, Inc., Ansys Inc., Dassault Systmes, Bentley Systems, Incorporated, SmartDraw LLC, Seimens Digital Industries Software, Kubotek3D, Cadonix Ltd, PTC Inc., and Bricsys NV
Key reasons to buy the Global Computer Aided Design Market report:
- The latest report comprehensively studies the global Computer Aided Design market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Computer Aided Design Market
Component Outlook (Revenue, USD Billion; 20182028)
- Software
- Services
Technology Type Outlook (Revenue, USD Billion; 20182028)
- 3D Technology
- 2D Technology
Application Outlook (Revenue, USD Billion; 20182028)
- 3D Printing
- Assembly
- Surface Modelling
- Reverse Engineering
- Drafting Detailing
- Others
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Regional Outlook of the Computer Aided Design Market
The global Computer Aided Design market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Computer Aided Design market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Computer Aided Design Market report:
- The latest report comprehensively studies the global Computer Aided Design market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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