Computer Aided Design CAD Market to reach USD 13.8 billion by 2025. Computer Aided Design CAD Market valued approximately USD 8.15 billion in 2016 is anticipated to grow with a healthy growth rate of more than 5.84% over the forecast period 2018-2025. Increasing demand for computer aided design software in the automotive industry is a key growth driver for the market. In addition, the major driving factors are increase in number of applications and shift in consumer preference towards perfect designing.
CAD plays a major role in ensuring superior quality and precision in the manufacturing of automotive parts as well as enables complex simulations of new product designs and their function in response to real-world forces while speeding up the time to market. The increase in applications of software across various segment of the industry such as, automation and control, robotics, internet of things, has boosted the market growth. Complex operations and lack of skilled professional are the major restraining factors of the computer aided design.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Growing development of computer aided design software in developing economies is one of the major opportunity in computer aided design software market. Computer-aided design (CAD) is the use of computer systems (or workstations) to aid in the creation, modification, analysis, or optimization of a design. CAD software is used to increase the productivity of the designer, improve the quality of design, improve communications through documentation, and to create a database for manufacturing. The advantages of computer aided design software is the ability to producing very accurate designs; drawings can be created in 2D or 3D and rotated; other computer programs can be linked to the design software. By using computer aided design software, it increase the productivity of the designer.
The regional analysis of Computer Aided Design CAD Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Application:
> Automobile
> Aerospace
> Others
By Type:
> CATIA
> SolidWorks
> AutoCAD
By Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World
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