Computer Aided Design Market Growth – at a CAGR of 5.4%, Market Trends – Increasing adoption of Computer Aided Machining (CAM) in the manufacturing sector.
– Emerging Research
VANCOUVER, BC, CANADA, July 28, 2022 /EINPresswire.com/ — 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 of the market can be attributed to the increasing adoption of CAD in various vertical applications is one of the key factors contributing to the growth of the market. Using CAD software can reduce the time taken to sketch. In addition, 3D models can be easily created through CAD software. It helps industries in product design and analysis at a low cost compared to conventional methods. CAD provides many possibilities to change the product in the design phase. All these advantages and benefits of CAD contribute to the growth of the market. Increasing digitization of manufacturing processes is also a key factor in the growth of the market.
The Computer Aided Design Market research report is a comprehensive and important document that covers business strategies, qualitative and quantitative analysis, and trends in the global Computer Aided Design market. The report offers in-depth research and analysis of the key elements of the worldwide Computer Aided Design market. Research analysts have formulated this report through thorough primary and secondary research with detailed analysis of drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of Computer Aided Design market.
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Key Points of the Report
In February 2021, Lectra announced its plans to acquire Gerber Technology to expand its market by using Gerber’s CAD technology.
In April 2018, an updated version of Fusion360 was launched by Autodesk Inc.
North America will hold the largest market share in 2020 and is expected to witness a growth during the forecast period, due to many new industries being established in the region. Increasing construction activities in the region is also driving the growth of the market.
The cloud segment is expected to register the fastest CAGR during the forecast period due to the increasing adoption of cloud services that companies are leveraging to cut system maintenance costs.
The researchers take into account all the factors influencing the growth of the Computer Aided Design market on a global and regional scale. The report considers the COVID-19 pandemic as one of the factors influencing the Computer Aided Design market. The pandemic has disrupted supply chains and the market economy scenario and hampered market growth. The report discusses in detail the overall impact of the COVID-19 pandemic on the Computer Aided Design market and its key segments. The report also offers the current and future impact of the COVID-19 pandemic on the market.
The Major Players / Manufacturers profiled in the report are:
The Computer Aided Design (CAD) market is 3D Systems Corporation, Autodesk Inc., AVEVA Group plc., Dassault Systèmes, Hexagon AB, Nemetschek SE, PTC Inc., Siemens Product Lifecycle Management Software Inc., TRIMBLE INC., Advanced Computer Solutions Limited.
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Emergen Research has segmented the global Computer Aided Design (CAD) market based on technology type, deployment type, application, and region:
Type of Technology Outlook (Revenue, USD Billion; 2018–2028)
Deployment Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Aerospace and Defense
Construction and Construction
The Global Computer Aided Design Market is further analyzed across key geographical locations where the market has expanded to a significant extent. The main regions analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country wise analysis to provide a comprehensive analysis of the Computer Aided Design market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, fashion, and presence of famous players in each region.
Regional Analysis Scopes:
North America (US, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
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The report offers insightful information about the market dynamics of the Computer Aided Design market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Computer Aided Design market, competitive landscape, factors affecting it, and forecast industry growth. . It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Computer Aided Design market.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In depth 8 years analysis of Global Computer Aided Design Market
Critical analysis of key market segments
Comprehensive analysis of drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiles
Extensive analysis of current and emerging market trends
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About Emergen Research
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Computer Aided Design Market Size Worth USD 12.97 Billion by 2028