WiseGuyReports.com adds “Global Computer Aided Design Software Market Size study, by Type, Application and Regional Forecasts 2018-2025” reports to its database.
— Computer Aided Design Software Market:
Global Computer Aided Design (CAD) Software Market valued approximately USD 7932.8 million in 2017 is forecasted to grow with a healthy growth rate of more than 7.7% over the forecast period 2018-2025. CAD, also known as computer-aided design and drafting (CADD), is the application of computer technology for design and design documentation. Basically, a CAD software replaces manual drafting with an automated process. The major factors expected to augment the markets include rising investments and espousal of 3D printing, growing adoption of cloud-based CAD solutions, the increasing penetration in the automotive & manufacturing sectors and growing focus on enhancing productivity by augmenting the design process. Increase in the adoption of virtual platform for development of product in manufacturing Industries is deriving the consumption of computer aided design Software the CAD based designs are used in every stage of life cycle of a product. For e.g. design verification, concept verification and failure verification. The manufacturing Industries adopt the implementation of CAD Software in product development phase as it helps in improving the quality of the product and also the increasing use of CAD software by industries such as automotive, aerospace, industrial machinery electrical & electronics, pharmaceutical and healthcare for better results is also shows the growth of the CAD software market.
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The regional paradigm of Global CAD software market is considered for the key regions such as Asia Pacific, North America, Europe, South America and Rest of the World. North America is the leading region across the world in terms of market share. North America CAD market valued USD 2697.2 million is anticipated to reach USD 4291.1 million by 2025 growing at 6.0% CAGR during 2017-2025. North America market growth in primarily driven by the strong presence of prominent players in the region and early adoption across the end-user industries. However, owing to the strong growth in automotive and aerospace industries in countries like China, Japan and India, Asia Pacific region is expected to exhibit highest growth rate.
Market player included in this report are:
Siemens Product Lifecycle Management Software Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Computer Aided Design Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Release ID: 523541