Industry Background:
The CAD libraries software enables companies or engineers, designers to share the information required to make thousands of parts and components for the designs, starting from screws and bolts to washers, bearings and many other things. The software help improve product development activities by providing CAD models reducing redundancies, errors, and inconsistencies. It also eliminates the copying and provides the freedom to modify designs. The CAD libraries software is widely used in design department of manufacturing companies.This growth is primarily driven by The demand for the production of accurate 3D or 2D designs or drawings that can be rotated in the manufacturing industry. It creates an easy structure for product development and can allow easy import and export of data.
Globally, a noticeable market trend is evident Increasing Use of CAD Libraries Software in 3D Printing
. Major Players, such as STRATASYS Solution (GrabCAD Library) (United States), Dassault Systemes SE (3D ContentCentral) (France), Trimble Inc. (United States), Halfen GmbH (Germany), Thomas Publishing Company (United States), CDS Visual (United States), Datakit (France), TraceParts S.A.S. (France), Computer Aided Technology, LLC (United States), Hilti Corporation (Liechtenstein) and CADMATIC Ltd (Finland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 22nd August 2019, CADMATIC Ltd announced the acquisition of software company Kymdata Ltd. This acquisition expands CADMATIC's product portfolio and includes the entire share capital as well as IPRs to all Kymdata's CADs software and its business agreements. The acquisition increases CADMATIC’s estimated turnover to EUR 28 million. With the addition of Kymdata’s 43 employees, CADMATIC will employ over 200 persons.
On 18th November 2019, Thomas, the leader in product sourcing and TraceParts, one of the world’s leading providers of 3D digital content for engineering, announced the launch of the Thomas TraceParts Network. The Network, designed to help North American industrial businesses generate engaged sales leads, harnesses the power of 3D CAD files to help manufacturers get specified and purchased by more than 27 million engineers and buyers during the product development process.
Market Drivers
- The demand for the production of accurate 3D or 2D designs or drawings that can be rotated in the manufacturing industry. It creates an easy structure for product development and can allow easy import and export of data
Market Trend
- Increasing Use of CAD Libraries Software in 3D Printing
- The Use of AR/VR in CAD Libraries Software
Restraints
- Complexities Involved with the Installation of CAD Libraries Software
- Backward Compatibility Problems Associated with CAD Libraries Software
Opportunities
Surging Demand for CAD Libraries Software from Engineers and Architects
Challenges
Frequent Troubleshoot Issues with CAD Libraries Software
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, CAD Libraries Software Study Sheds Light on
The CAD Libraries Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the CAD Libraries Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where CAD Libraries Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.