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The CAD market in APAC share is expected to increase by USD 1.92 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.37%.
This CAD market in the APAC research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the CAD market in APAC segmentation by end-user (aerospace and defence industry, automotive industry, electrical and electronics industry, and others) and Geography (China, Japan, India, South Korea, Rest of APAC). The CAD market in the APAC report also offers information on several market vendors, including 3D Systems Corp, Asahi Engineering Co. Ltd., Asia Infotech, Autodesk Inc, AZ Co. Ltd., Bentley Systems Inc., CAXA Technology Co. Ltd., CHUO ENGINEERING Co. Ltd., Dassault Systemes SE, Fujitsu Ltd., Gstarsoft Co. Ltd., Hexagon AB, Hitachi Ltd., Laserck Corp., PTC Inc., Siemens AG, Softwing Co. Ltd., and SOLIDENG CO. LTD. among others.
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The shift from a licensed-based model to a subscription-based model is notably driving the CAD market growth in APAC, although factors such as the growing need for expertise to operate and optimally use CAD software may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the CAD market in APAC. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key CAD Market Driver In APAC
The shift from a licensed-based model to a subscription-based model is one of the major drivers impacting the CAD market growth in APAC. Subscriptions are based on a term-based model and are time-bound for quarterly, annual, two-yearly, or three-yearly periods. The subscription-based model offers customers more flexibility, ways to customize the program to meet their unique needs or those of their businesses, free trials, access across numerous machines and devices, and get instant cloud access. The benefit of this subscription-based model is that it reduces the acquisition costs. Another significant benefit is that Autodesk's portfolio is quite diverse, starting with AutoCAD at one end and encompassing 3D printing, cloud computing, and other emerging technologies. Vendors provide updated software versions with bug patches. In addition, the upfront costs are also low in the subscription-based model, and on-premises CAD software and services are subscribed on the terms decided by the user, be it monthly, quarterly, or annually. This flexibility, coupled with up-to-date software, has made the subscription model more preferred among end-users, which will contribute to the growth of the CAD market in APAC during the forecast period.
Key CAD Market Trend In APAC
Digitization, which is driven by CAD/computer-aided manufacturing (CAM) technology in healthcare, is one of the major trends influencing the CAD market growth in APAC. The evolution of medical devices, advancements in computer science, and the integration of digitization in healthcare have resulted in the development of CAD/CAM technology in the healthcare industry. CAD/CAM technology has improved the handling and planning of complicated procedures such as tooth restoration and reconstruction, as well as 3D imaging of dental crowns, bridges, and implants. This, in turn, improves diagnosis. CAD/CAM systems comprise a scanner that transforms the geometry of a real object into digital data, software for data processing, and production technology to realize the desired product. Advancements in technology have increased the application of CAD/CAM technology in orthodontics for manufacturing custom-made brackets and aligners. With this technology, two-dimensional and three-dimensional bone models are created using numerical control machines. Therefore, digitization driven by CAD/CAM technology in healthcare is expected to positively impact the growth of the CAD market in APAC during the forecast period.
Key CAD Market Challenge In APAC
The growing need for expertise to operate and optimally use CAD software is one of the major challenges impeding the CAD market growth in APAC. CAD software involves the use of computer programs to create, modify, analyze, and document 2D or 3D graphical representations of physical objects as an alternative to manual drafts and product prototypes. CAD is widely used to create computer animation and special media effects, as well as in product and industrial designing. It is used throughout the engineering process, from conceptual product designing and layout through assembly analysis to manufacturing method definition. It enables engineers to interactively test design variants with minimal physical prototypes. All these functions are very technical and require good subject knowledge, certain qualifications, and years of experience with the software to optimally exploit every feature of the software to achieve the desired design.
This CAD market in the APAC analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the CAD market in APAC as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the CAD market in APAC during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the CAD market in APAC encompasses successful business strategies deployed by the key vendors. The CAD market in APAC is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and the information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Our In-house experts produce extensive information on the value chain and parent market of the CAD market in APAC, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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The CAD market growth in APAC share by the aerospace and defense industry segment will be significant during the forecast period. The growth of the aerospace and defense industry segment of the CAD market in APAC is driven by the increasing demand for operational efficiency, cost reduction, compliance standards, product efficiency, and resource management in the manufacturing value chain in the aerospace sector.
This report provides an accurate prediction of the contribution of all the segments to the growth of the CAD market size in APAC and actionable market insights on the post-COVID-19 impact on each segment.
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CAD Market Scope In APAC |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.37% |
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Market growth 2022-2026 |
$1.92 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
7.95 |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
3D Systems Corp, Asahi Engineering Co. Ltd., Asia Infotech, Autodesk Inc, AZ Co. Ltd., Bentley Systems Inc., CAXA Technology Co. Ltd., CHUO ENGINEERING Co. Ltd., Dassault Systemes SE, Fujitsu Ltd., Gstarsoft Co. Ltd., Hexagon AB, Hitachi Ltd., Laserck Corp., PTC Inc., Siemens AG, Softwing Co. Ltd., and SOLIDENG CO. LTD. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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