A new report from Jon Peddie Research (JPR) finds the CAD market stronger than ever, thanks to the engine of digitalization, which is changing the landscape of design and engineering. (Graphic shows revenues for the CAD software market from 2008 to 2022.)
The market is anticipated to have a healthy growth rate of over 2.4% over the forecast period 2018-2022.
The Computer-Aided Design Market is expected to reach USD $9 billion by 2022.
New synergies are enabling strong growth in the CAD industry. The large CAD customers in automotive, aeronautic, construction, machine design, and process & power industries are moving towards systems design and the development of digital twins.
Concentrating on the 10 market leaders: Autodesk, Aveva, Bentley Systems, Dassault, Graebert, Hexagon, Nemetschek, PTC, Siemens Digital Industries, and Trimble, the JPR report considers data from up to 36 CAD companies making approximately 53 products.
The report looks at the major market segments and provides overall market share figures, user numbers, and geographical breakdowns for AEC, Manufacturing, Process, Power & Marine.
JPR highlights industry trends, drivers, and challenges and incorporates both qualitative and quantitative aspects of the industry.
"The leading CAD companies are finding room to forge their way in specialized markets as world industries transform their workflows via digitalization. The transition to 3D workflows is enabling CAD customers to build digital twins to test and model designs before they are built and monitor them in operation," says analyst Kathleen Maher.