Computer-Aided Design Market by End-user and Geography - Forecast and Analysis 2021-2025

The computer-aided design market share is expected to increase by USD 3.28 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.41%.

This computer-aided design market 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 computer-aided design market segmentations by end-user (automotive, manufacturing, AEC, healthcare, and others) and geography (North America, Europe, APAC, MEA, and South America). The computer-aided design market report also offers information on several market vendors, including Autodesk Inc., Bentley Systems Inc., Dassault Systemes SE, FUJIFILM Holdings Corp., General Electric Co., Hexagon AB, IMSI Design LLC, PTC Inc., Siemens AG, and Trimble Inc. among others.

What will the Computer-Aided Design Market Size be During the Forecast Period?

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Computer-Aided Design Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and after the post-COVID-19 era. The increasing demand for CAD for manufacturing products is notably driving the computer-aided design market growth, although factors such as 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 computer-aided design industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Computer-Aided Design Market Driver

One of the key factors driving the computer-aided design market is the growing availability of subscription-based CAD software. The growing availability of subscription-based CAD software will fuel the growth of the computer-aided design market size. Recently, the market has shifted from the license-based to the subscription-based model. The high ROI on subscriptions will encourage CAD vendors to gradually reduce the sales of perpetual CAD licenses before finally discarding them. Since the SMEs are also able to invest in CAD, this current scenario is a growth driver for the market in focus. CAD subscription-based offerings are eliminating the continuous use of traditional 2D CAD software among users and encouraging 3D CAD software use. Furthermore, through the subscription-based model, CAD vendors are redesigning the available products to provide customers with customized offerings and redefine their sales strategy to attract more organizations and professionals to use the software. 

Key Computer-Aided Design Market Trend

The gradual shift of end-users to 4D CAD is another factor supporting the computer-aided design market growth in the forecast period. In the global CAD market, end-users are gradually transitioning from 3D to 4D CAD models. The competition among CAD solution providers has become more intense as a result of globalization. The lack of product differentiation complicates the race for market share. To improve the customer experience, vendors are adding new features and functionalities to their solutions. 4D CAD solutions are being developed by CAD providers for improved operational performance and project execution strategies in a variety of industries. As a result, these solutions make it easier to manage resources effectively while staying on track with project deadlines. Furthermore, developers are planning to incorporate features such as detailed differentiation for graphical representation, improved data exchange standards, dynamic work execution spaces in 4D simulations, facilitating a comprehensive analysis, and advancing the use of 4D principles to incorporate tools such as geographic information system (GIS), cost estimation, and health and safety into 4D simulations which will further drive the market growth during the forecast period.

Key Computer-Aided Design Market Challenge

The increasing availability of open-source and free versions of CAD software will be a major challenge for the computer-aided design market during the forecast period. The demand for open-source software has increased as the demand for digitalization has increased in the current market scenario. Moreover, several business analytics tools and applications are available from open-source vendors. For instance, on the Internet, a user can easily find various types of feature-rich software such as CAD software without any payment. Due to this, many SMEs use open-source software because the costs of purchasing and licensing commercial software are prohibitively high. Furthermore, most open-source CAD software includes all of the primary and common features found in proprietary CAD software. Moreover, the main advantages of open-source platforms over commercial software are the availability of source code and the ability to deploy quickly and reliably. However, it becomes easy for the user but at the same time, it hampers the growth of the CAD software market.

This computer-aided design market 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global computer-aided design (CAD) market as a part of the global systems software market. Furthermore, growing demand for IT security solutions, rising demand for mobile enterprise applications, and a growing number of data centers are driving the market growth. 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 computer-aided design market during the forecast period.

Who are the Major Computer-Aided Design Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Autodesk Inc.
• Bentley Systems Inc.
• Dassault Systemes SE
• FUJIFILM Holdings Corp.
• General Electric Co.
• Hexagon AB
• IMSI Design LLC
• PTC Inc.
• Siemens AG
• Trimble Inc.

 

This statistical study of the computer-aided design market encompasses successful business strategies deployed by the key vendors. The computer-aided design market is fragmented and the vendors are deploying growth strategies such as expanding their portfolios to gain a competitive advantage in the market.

Product Insights and News

• Autodesk Inc. - The company offers AutoCAD LT, a powerful 2D computer-aided design (CAD) software for architects, engineers, construction professionals, and designers.

To make the most of the opportunities and recover from the post-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 computer-aided design market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Computer-Aided Design Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the computer-aided design market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global systems software market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated  other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Computer-Aided Design Market?

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41% of the computer-aided design market growth will originate from APAC during the forecast period. China and Japan are the key markets for computer-aided design in APAC. Market growth in this region will be faster than the growth of the other regions.

The increasing construction of commercial and industrial buildings will facilitate the computer-aided design market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The market was negatively impacted by the COVID-19 outbreak in the APAC region in 2020. Furthermore, in 2021, the region again witnessed the second wave of the COVID-19 pandemic, which has led the governments to impose further restrictions. Such measures are expected to have a negative impact on the growth of the CAD market. However, several government initiatives such as the vaccination drive will gradually restore the regional economic growth which will propel the market growth.

What are the Revenue-generating End-user Segments in the Computer-Aided Design Market?

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The computer-aided design market share growth in the automotive segment will be significant during the forecast period. The computer-aided design market share growth in the automotive segment will be significant during the forecast period. Automobile companies have commonly been employing more than one CAD software and third-party plug-ins to be able to use different features of the various software and test their designs for quality assurance. These players use CAD for the designing, development, manufacturing, marketing, and selling of their vehicles.

This report provides an accurate prediction of the contribution of all the segments to the growth of the computer-aided design market size and actionable market insights on post-COVID-19 impact on each segment.

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Computer-Aided Design Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 6.41%
Market growth 2021-2025	$ 3.28 billion
Market structure	Fragmented
YoY growth (%)	3.47
Regional analysis	Europe, North America, APAC, South America, and MEA
Performing market contribution	APAC at 41%
Key consumer countries	US, China, Germany, France, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Autodesk Inc., Bentley Systems Inc., Dassault Systemes SE, FUJIFILM Holdings Corp., General Electric Co., Hexagon AB, IMSI Design LLC, PTC Inc., Siemens AG, and Trimble Inc.
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, Market condition analysis for forecast period
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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What are the Key Data Covered in this Computer-Aided Design Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive computer-aided design market growth during the next five years
• Precise estimation of the computer-aided design market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the computer-aided design industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of computer-aided design market vendors

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