shift from licensed-based model to subscription-based model is driving the CAD Market in APAC

Latest News:- CAD Market in APAC: Aerospace and defense industry is expected to lead the End-user segment during 2024-2028

Technavio analyzes that the CAD Market in APAC is expected to grow at a CAGR of 8.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1965.3 million.There are various factors that contribute to the growth of the market. In the APAC CAD market, there is a notable transition underway from traditional licensed models to subscription-based solutions. This shift aims to provide greater flexibility, affordability, and accessibility to businesses, enabling them to pay for software usage on a recurring basis rather than upfront licensing fees. This trend is expected to continue, as more organizations adopt cloud technologies and seek to optimize their IT expenses.

In the Asia Pacific (APAC) region, the Computer-Aided Design (CAD) market, particularly in the aerospace and defense sector, is experiencing significant growth. Suppliers of CAD software are in high demand due to the increasing adoption of digital technology for mechanical designing, design documentation, product layouts, and 3D CAD in this industry. The growth is driven by the need for operational efficiency, cost reduction, compliance standards, and resource management in the manufacturing value chain. The aerospace and defense industry in APAC continues to expand, with sales increasing despite political and economic uncertainty. Key growth drivers include the increasing demand for mobility and the replacement of traditional aircraft with modern, fuel-efficient, and low-noise models in the aviation sector. Additionally, advancements in technology, such as machine learning and cloud-based solutions, are further fueling the growth of the CAD market in APAC. 

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CAD Market in APAC Segmentation

• End-user
  • Aerospace and defense industry
  • Automotive industry
  • Electrical and electronics industry
  • Others
• Geography
  • APAC

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• 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.
• SOLIDENG CO. LTD.

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Research Analysis Overview

The Computer-Aided Design (CAD) market in APAC is experiencing significant growth, driven by the adoption of Digital Technology in various industries. CAD solutions like Mechanical Designing and Design Documentation are being used extensively in sectors such as Electronic Design Automation (EDA), Construction, and Manufacturing. Cloud-Based Solutions, including 3D CAD, are becoming increasingly popular for their fast production and accurate designs. Smart Design Technologies, such as Additive Manufacturing, Augmented Reality (AR), and Virtual Reality (VR), are also gaining traction. Software and Services in CAD are being utilized in sectors like Healthcare, Infrastructure Development, and Robotics, with the aid of Machine Learning. The CAD Software Market is expected to grow further with advancements in Smart Manufacturing and Fast Production.

Market Research Overview

The Computer-Aided Design (CAD) and Electronic Design Automation (EDA) market in APAC falls under the broader category of the global IT systems software industry. This sector encompasses organizations specializing in the development and production of application and systems software, including database management software. In the context of CAD, this market includes providers of cloud-based CAD solutions, as well as those offering smart design technologies such as additive manufacturing, augmented reality (AR), and virtual reality (VR). The market size for IT systems software in APAC is determined by the consolidated revenue generated by these companies, encompassing all types of systems software, including cloud-based offerings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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