What is Global Computer Aided Design Software Market?
The Global Computer Aided Design (CAD) Software Market is a vast and dynamic sector that encompasses a wide range of applications and industries. This market involves the use of computer technology to aid in the creation, modification, analysis, and optimization of design. CAD software is used by architects, engineers, drafters, artists, and others to create precision drawings or technical illustrations. It can be used to design curves and figures in two-dimensional (2D) space; or curves, surfaces, and solids in three-dimensional (3D) space. The global CAD software market is a significant contributor to the overall growth of the software industry, with its value standing at US$ 19850 million in 2022. The market is projected to reach a value of US$ 28960 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2029. The key players in this market are Autodesk, Siemens PLM Software, and Synopsys, who held revenue shares of 13.46%, 11.09%, and 10.57% respectively in 2019.
On-Premise, On-Cloud in the Global Computer Aided Design Software Market Market:
The CAD software market can be segmented based on deployment into On-Premise and On-Cloud. On-Premise CAD software is installed and run on computers on the premises of the person or organization using the software, rather than at a remote facility, such as a server farm or cloud. On the other hand, On-Cloud CAD software is hosted on the vendor's servers and accessed through a web browser. This model eliminates the need for installing and maintaining the software on the user's own computer and reduces the user's burden of software maintenance. The choice between On-Premise and On-Cloud depends on various factors such as the size of the organization, the complexity of the project, the need for collaboration, and the budget.
Design Automation, Plant Design, Product Design and Testing, Drafting and 3D Modeling, Others in the Global Computer Aided Design Software Market Market:
The CAD software finds its application in various areas such as Design Automation, Plant Design, Product Design and Testing, Drafting and 3D Modeling, among others. In Design Automation, CAD software is used to automate design tasks, thereby reducing the time and effort required in manual designing. In Plant Design, CAD software is used to create detailed 3D models of plant designs, which can be used for visualization, simulation, and analysis. In Product Design and Testing, CAD software is used to design and test products before they are manufactured, thereby reducing the cost and time of product development. In Drafting and 3D Modeling, CAD software is used to create 2D drawings and 3D models, which can be used for visualization, simulation, and analysis.
Global Computer Aided Design Software Market Market Outlook:
The global Computer Aided Design Software market, valued at US$ 19850 million in 2022, is expected to reach a value of US$ 28960 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period of 2023-2029. The market is dominated by leading producers Autodesk, Siemens PLM Software, and Synopsys, who collectively accounted for a significant portion of the market revenue in 2019. Specifically, Autodesk held 13.46% of the market revenue, Siemens PLM Software held 11.09%, and Synopsys held 10.57%.
| Report Metric | Details |
| Report Name | Computer Aided Design Software Market |
| Accounted market size in 2022 | US$ 19850 in million |
| Forecasted market size in 2029 | US$ 28960 million |
| CAGR | 6.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Autodesk, Bentley Systems, Dassault Systemes, Nemetschek, HCL Technologies, Siemens PLM Software, Synopsys, PTC, ANSYS, Altium, Hexagon, Altair Engineering, ESI Group, Corel Corporation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
