What is Computer Aided Design Software Market Scope?
Computer Aided Design (CAD) refers to a software tool used to achieve accuracy in designing and modeling of products of an organization. CAD solutions are broadly adopted by industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics and others. CAD software is used to rise the productivity of the designer, improve the quality of design and to create a database for manufacturing. The benefits of computer aided design software is the ability to produce very accurate designs drawings can be created in 2D or 3D and rotated and other computer programs can be linked to the design software.
The Computer Aided Design Software market study is being classified by Type (3-D Design and 2-D Design), by Application (Aerospace and Defense, Arts, Manufacturing, Automotive, Healthcare, Media and Entertainment and Others) and major geographies with country level break-up.
Companies in the CAD software market are concentrating on the development of new features and investing heavily in technological improvements for better customer service. The market is going through a rapid change because of the development 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 present design upgradation and new product development. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Computer Aided Design Software market throughout the predicted period.
Dassault Systemes (France), PTC (United States), Cadonix Ltd. (United Kingdom), Caddie Software (United Kingdom), Menhirs NV (Belgium), Kubotek USA, Inc. (United States), Autodesk Inc. (United States), Siemens Product Lifecycle Management Software Inc. (United States), Gstarsoft Co. Ltd. (China) and 3D Systems Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Hexagon AB (Sweden), IronCAD LLC (United States) and VariCAD (Czech Republic).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Computer Aided Design Software market by Type, Application and Region.
On the basis of geography, the market of Computer Aided Design Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
December 11, 2018: Dassault Systèmes Acquires IQMS
Influencing Market Trend
- End-users gradually shifting from 3D to 4D CAD
Market Drivers
- Increase in the Usage of 3D Printing Technology
- Increasing demand for CAD software in the automotive industry
Opportunities
- 4D CAD Software
- Growth of Emerging Economies
Restraints
- Threat of Security Owing to Piracy Issues
- Expensive CAD Software Packages Due to Perpetual Licensing
Challenges
- High production or purchasing cost for new systems
- Time taking process to know how to operate or run the software
Key Target Audience
CAD Software providers, Service providers, Automotive Industry, Healthcare Industry and Aerospace and Defense
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