CAD refers to a software tool used to achieve accuracy in designing and modeling of products and components of an organization. CAD solutions are widely adopted by industries, such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. The solutions help end-users develop prototypes of products digitally before the production stage. They also help in the development of industry-specific products.
Increasing use of CAD software in packaging industry, along with growing product recalls in automotive industry, are some of the key factors positively impacting the growth of the industry. However, availability of free and open-source CAD software, and high cost of advanced and 3D CAD software are the factors negatively impacting the growth of the market.
China was the major contributor to the growth of the market and accounted for about 22% of the total market shares. The use of?CAD softwarein the aerospace and defense, electrical and electronics, and automotive industries to improve the product development processes will augment the demand for CAD software from the country. Moreover, with the significant increase in foreign direct investment in R&D sectors of several end-users, the demand for ECAD will also increase.
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Market segment by Application, split into
Electrical & Electronics
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.