Technavio Estimates Over $2.5 Billion Growth in Global Computer-Aided Design Market During 2020-2024 | Increasing Demand for CAD for Manufacturing Products to Boost Growth

LONDON–(BUSINESS WIRE)–#ComputerAidedDesignMarket–The computer-aided design market is expected to grow by USD 2.53 billion, progressing at a CAGR of over 5% during the forecast period.

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The increasing demand for CAD for manufacturing products is one of the major factors propelling the market growth. However, factors such as the increasing availability of open-source and free versions of CAD software will hamper growth.

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Computer-Aided Design Market: End-user Landscape

Based on the end-user, the market saw maximum demand for CAD software from the automotive industry. This is due to the increasing use of CAD software for various phases such as designing, development, manufacturing in the automotive industry. The market growth in the segment will be significant during the forecast period.

Computer-Aided Design Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 35% of the market�s overall growth is expected to originate from APAC. The market growth in APAC is driven by increasing investments in the construction, defense, automotive, and manufacturing industries.

Japan is the leading market for computer-aided design software in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

• 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.

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, until 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Automotive – Market size and forecast 2019-2024
• Manufacturing – Market size and forecast 2019-2024
• AEC – Market size and forecast 2019-2024
• Healthcare – Market size and forecast 2019-2024
• Others – Market size and forecast 2019-2024
• Market opportunity by End-user

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2019-2024
• Europe – Market size and forecast 2019-2024
• APAC – Market size and forecast 2019-2024
• MEA – Market size and forecast 2019-2024
• South America – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

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 17,000 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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