NEW YORK, Feb. 22, 2022 /PRNewswire/ -- The computer-aided design market is expected to grow by USD 3.28 billion from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 6.41% during this period. The year-over-year growth rate of the market in 2021 was 3.47%.
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The computer-aided design market growth is attributed to factors such as the growing availability of subscription-based CAD software. However, the increasing availability of open-source and free versions of CAD software will challenge the market growth.
Read the 120-page report with TOC on "Computer-Aided Design Market Analysis Report by End-user (Automotive, Manufacturing, AEC, Healthcare, and Others) and Geography (North America, Europe, APAC, MEA, and South America), and the Segment Forecasts, 2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions. View Our Report Snapshot
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Computer-Aided Design Market End-user Outlook (Revenue, USD bn, 2020-2025)
The automotive segment will have significant market share growth during the forecast period. Automobile companies commonly employ more than one CAD software and third-party plug-ins to be able to use different features of the various software and test their designs for quality assurance. The global automotive market has many big players such as BMW, Volkswagen, and General Motors. These players use CAD for the designing, development, manufacturing, marketing, and selling of their vehicles. The segment is expected to display the highest CAGR in APAC during the forecast period. This is because large automobile companies, such as Mazda, Honda, Mahindra & Mahindra, Nissan, Tata, Hyundai, Hero Motors, Bajaj, and Maruti Suzuki, in the region, are increasingly adopting CAD to simplify their production process and reduce their product development and go to market time.
Computer-Aided Design Market Geography Outlook (Revenue, USD bn, 2020-2025)
By geography, APAC will have the highest market growth during the forecast period. 41% of the market growth is expected to originate from this region. Moreover, China and Japan will be the key countries in the computer-aided design market in APAC. These factors will drive the growth of the segment during the forecast period.
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Computer-Aided Design Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.41% |
Market growth 2021-2025 |
USD 3.28 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.47 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, China, Germany, France, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Autodesk Inc., Bentley Systems Inc., Dassault Systemes SE, FUJIFILM Holdings Corp., General Electric Co., Hexagon AB, IMSI Design LLC, PTC Inc., Siemens AG, and Trimble Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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SOURCE Technavio
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