The CAD market in APAC share will post an incremental growth of USD 1.92 billion, progressing at a CAGR of 8.37% during the forecast period. The shift from a licensed-based model to a subscription-based model will offer immense growth opportunities to market vendors. The CAD market in APAC is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “CAD Market in APAC by End-user - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The CAD market in APAC is segmented by end-user (aerospace and defense industry, automotive industry, electrical and electronics industry, and others).
The growth of the CAD market in APAC size in the aerospace and defense industry segment will be significant during the forecast period. The growth of the segment is attributed to the factors such as increasing demand for operational efficiency and resource management in the manufacturing value chain in the aerospace sector.
The shift from a licensed-based model to a subscription-based model will directly influence the sales of the CAD market in APAC. In addition, digitization, which is driven by CAD/computer-aided manufacturing (CAM) technology in healthcare is the major CAD market in APAC trend that will positively impact market growth. However, factors such as the growing need for expertise to operate and optimally use CAD software will hamper the CAD market in APAC growth.
The market is fragmented due to the presence of several players. Some of the major CAD market in APAC vendors are 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., and SOLIDENG CO. LTD.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2022-2026.
CAGR of the CAD market in APAC forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the CAD market in APAC share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the CAD market in APAC.
