Global CAD Software Market to 2023 - Growing Focus Toward Precise Designing and Complex Structure Prototyping
DUBLIN, Jan. 16, 2019 /PRNewswire/ --
The "CAD Software Market by Technology - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
On the basis of technology, the CAD software market has been categorized into 2D software and 3D software, of which the market for 3D software is projected to grow faster during the forecast period, witnessing a CAGR of 6.7%.
Growing focus toward precise designing and complex structure prototyping, advancements in technology, and increasing demand for CAD software in automotive, packaging, and medical verticals are the major factors driving the market growth.
This can be attributed to the growing inclination of designers and engineers toward professional prototyping and design creation, especially in precision-demanding domains, such as automotive and medical. Growing need for design efficiency and accuracy, and enhanced product visualization and presentation offered by 3D software are the major factors boosting the growth of the 3D software market.
On the basis of model, the CAD software market has been categorized into wireframe, surface, and solid models. With advancements in technology and growing demand for precise designing and visualization of complex models, the market for solid models is expected to witness the fastest CAGR, of 7.4%, during the forecast period. Besides, solid modeling is costlier as compared to wireframe or surface modeling, owing to its detailing and accuracy. Besides, the solid model category is expected to continue holding the largest market share in the coming years.
During the forecast period, the CAD software market is expected to witness the fastest growth in APAC, owing to the growing usage of CAD software across the region for the development of advanced medical devices and diagnostic tools, especially in technologically inclined countries such as China, Japan, and India.
Increasing digitalization, advancements in technology, growth in the manufacturing industry, and increasing adoption of advanced rendering and simulation tools by designers will support the CAD software market growth in the APAC region. Further, due to rapid technological advancements in building infrastructure and growing demand for precision modeling techniques in industrial machinery and healthcare applications, the region has a high propensity to adopt advanced CAD software solutions in the near future.
The key factor propelling the growth of the CAD software market is the surging adoption of CAD in the automotive industry. With millions of connected cars expected to be on road in the coming years, designers are adopting advanced solutions and tools provided by the software to design and develop error-free products. CAD plays a major role in ensuring utmost quality and precision in the manufacturing of automotive parts. It enables complex simulations of new product designs and their function in response to real-world forces while speeding up the time to market.
Players in the CAD software market are focusing on the development of new features and investing heavily in technological improvements for better customer service. Besides, the market is going through a rapid change because of the emergence of cloud and mobile technologies, with increasing demand from engineers, entrepreneurs, and consumers. The players in the market are also investing in R&D to meet consumer expectations with respect to existing design upgradation and new product development.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Application
4.1.1.1 Household
4.1.1.2 Automotive
4.1.1.3 Paints and varnishes
4.1.1.4 Food and beverages
4.1.1.5 Personal care
4.1.1.6 Insecticide
4.1.1.7 Others
4.2 Value Chain Analysis
4.3 Regulation Analysis for Aerosol
4.3.1 European Aerosol Federation
4.3.2 Food and Drugs Administration (FDA)
4.3.3 Health Canada
4.4 Market Dynamics
4.4.1 Trends
4.4.1.1 Shift in preference of consumers toward organic aerosol products
4.4.2 Drivers
4.4.2.1 Increasing adoption of aerosol products
4.4.2.2 Growing personal care industry
4.4.2.3 Expanding key end use industry
4.4.2.4 Impact analysis of drivers on market forecast
4.4.3 Restraints
4.4.3.1 Rising environmental and human health issues pertaining to aerosol products
4.4.3.2 Impact analysis of restraints on market forecast
4.4.4 Opportunities
4.4.4.1 Increasing demand for packaging products
Chapter 5. Global Market Size and Forecast
5.1 By Application
5.2 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. RoW Market Size and Forecast
Chapter 10. Competitive Landscape
10.1 Market Share Analysis
10.2 Competitive Benchmarking of Key Players
10.3 Global Strategic Developments of Key Players
10.3.1 Mergers and Acquisitions
10.3.2 Product Launches
Chapter 11. Company Profiles
- Autodesk Inc.
- Bentley Systems Inc.
- Dassault Systemes
- Trimble Inc.
- PTC Inc.
- Gstarsoft Co. Ltd.
- 3D Systems Corporation
- Aveva Group Plc.
- Hexagon AB
- IronCAD LLC.
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/research/g9h8gn/global_cad?w=5
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