Our comprehensive research on the Computer-Aided Design Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global computer-aided design market size was US$ 8.9 billion in 2021. The global computer-aided design market is forecast to grow to US$ 14.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
With the aid of this software, a designer can quickly model the entire product and assist in fixing any errors before building an actual prototype. Software packages with computer assistance increase the engineer’s efficiency by improving the model’s quality and communication through documentation and the creation of a database. Moreover, the advantageous properties of computer-aided designs will fuel the growth of the market during the study period.
The wide applications of computer-aided design in automotive, building and construction, healthcare and pharmaceuticals, electronics and electrical, aerospace and defence, etc., will boost the growth of the computer-aided design market during the analysis period. Apart from that, the growing demand for designing software packages and investments in the sector will offer potential opportunities for the computer-aided design market growth.
Rising disposable income will benefit the computer-aided design market. In addition, new launches and R&D are expected to offer lucrative growth opportunities for the market. For instance, Dassault Systèmes unveiled its 3DEXPERIENCE Release 2021x in 2020. With this platform, mid-market and SOLIDWORKS customers can benefit from the cloud in the areas of design, governance engineering, manufacturing and production, etc. Thus, such advancements are expected to bring lucrative growth opportunities for the computer-aided design market.
Regional Analysis
North America is forecast to dominate the computer-aided design market, owing to the rising adoption of advanced technology in various sectors, including architecture, automotive, construction, engineering, manufacturing, healthcare, media & entertainment.
In addition, rising initiatives by the US government for integrating digital solutions in the development of the manufacturing industry will contribute to the growth of the computer-aided design market during the analysis period.
The Asia-Pacific computer-aided design market is forecast to record potential growth due to the presence of highly populated countries like China, Japan, and India. In addition, the rising investments in the construction, defense, and automotive industries will prompt the growth of the computer-aided design market during the study period.
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COVID-19 Impact Analysis
Due to the COVID-19 pandemic, almost every end-use industry of computer-aided design witnessed a drastic drop in terms of revenue. The growth of the market was impeded by the decline in the revenue of the electrical, automotive, construction, and industrial equipment industry. Moreover, these industries rely heavily on laborers and raw materials. The unavailability of both of them obstructed the growth of the computer-aided design market.
Competitors in the Market
• Autodesk, Inc.
• Bentley Systems, Inc.
• CAD International
• Dassault Systèmes
• Encore Software
• Graebert GmbH
• Hexagon AB
• Oracle, PTC
• Siemens
• Trimble Inc
• TurboCAD
• Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Computer-Aided Design industry experienced notable growth in its workforce. Starting in January, employment within the Computer-Aided Design sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Computer-Aided Design output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Computer-Aided Design output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Computer-Aided Design market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Computer-Aided Design market.
Market Segmentation
The global computer-aided design market segmentation focuses on Components, Technology, Application, Industry, and Region.
By Component
• Software
• Services
By Technology
• 3D Technology
• 2D Technology
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By Application
• 3D Printing
• Assembly
• Surface Modeling
• Reverse Engineering
• Drafting Detailing
• Others
By Industry
• Electrical and Electronics
• Automotive
• Construction
• Industrial Equipment
• Media & Entertainment
• Others
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Computer-Aided Design Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Computer-Aided Design Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Computer-Aided Design Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Computer-Aided Design Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Computer-Aided Design market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Computer-Aided Design market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Computer-Aided Design business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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