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Global Computer-aided Design Market 2018-2022 | Increasing Demand for CAD for Manufacturing Products to Boost Growth | Technavio

November 29, 2018

LONDON--(BUSINESS WIRE)--Nov 29, 2018-- analysts forecast the global computer-aided design market to grow at a CAGR of close to 7% during the forecast period, according to their latest market research report.

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Technavio has released a new market research report on the global computer-aided design market for the period 2018-2022. (Graphic: Business Wire)

End-users gradually shifting from 3D to 4D CAD is one of the major trends being witnessed in the . Globalization has intensified the competition among CAD solution vendors and the absence of product differentiation adds to the battle for maximum market share. Consequently, vendors are incorporating additional features and functionalities in their solutions to improve customer experience. CAD providers are developing 4D CAD solutions for enhanced operational performance and improved project execution strategies across industries. These solutions facilitate the effective management of resources while adhering to project schedules, which in turn contribute majorly to the growth of the global market.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global computer-aided design market is the increasing demand for CAD for manufacturing products:

Global computer-aided design market: Increasing demand for CAD for manufacturing products

CAD is used for drawing, editing, and analyzing an object. CAD can simplify the designing and production process. It can extensively create detailed diagrams of the interior and exterior of the prototype in the initial designing and production stage. The 2D and 3D sketches layout conceptual designs, physical attributes, functioning, dimensions, materials to be used for the build, tolerances, and the final appearance of the planned product. CAD increases the efficiency of a designer or an engineer, and it helps them save time that can be used elsewhere. CAD is used in various industries such as electronics, manufacturing, aerospace, and automobiles to design product prototypes and their integral parts separately or the product as a whole. One of the significant drivers of the growth of the global CAD market is the increasing implementation of CAD software in the value-chain of various industries. Moreover, the end-users are increasingly using virtual platforms for optimizing the prototype design, and CAD also aids in the process of directly feeding the design to the manufacturing execution systems. All these factors are driving the growth of the global CAD market.

According to a senior analyst at Technavio for research on product lifecycle management, “Apart from increasing demand for CAD for manufacturing products, other factors such as the rising need to systematize design development process and increasing investment in intelligent processing are expected to boost the growth of the market largely during the forecast period.”

Global computer-aided design market: Segmentation analysis

The global computer-aided design market research report provides market segmentation by end-user (automotive, manufacturing, AEC, healthcare, and others), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting for close to 36% share, followed by the EMEA and APAC respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period followed by the EMEA market.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181129005407/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/29/2018 08:47 AM/DISC: 11/29/2018 08:47 AM

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