Asia-Pacific CAD Software Market Estimated Growth of $4 Billion by 2024 Due to the Increasing Adoption of CAD Software in the Packaging and Automotive Industries - ResearchAndMarkets.com

DUBLIN--()--The "Asia-Pacific CAD Software Market Research Report: By Technology, Deployment Type, Model, Level, Application, Regional Insight - Industry Analysis and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Asia-Pacific (APAC) computer-aided design (CAD) software market is predicted to generate a revenue of $4.0 billion by 2024, progressing at a 9.4% CAGR during the forecast period.
The increasing adoption of CAD software in the automotive and packaging industries due to the surging need for precise designs for product prototyping is one of the key factors behind the growth of the market. On the basis of technology, the market is bifurcated into 2D and 3D software. Of these, the 3D software bifurcation is projected to hold the majority of the market share during the forecast period.

Three-dimensional CAD software offers better visualization and precise design capabilities, as well as reduces the errors in the product development process. Although 2D CAD software is useful in simulating and monitoring the basic subsystem and general component arrangement, it is not proficient in providing the exact interface, fit, and function of assembly components, which, in turn, is accelerating the adoption of 3D technology among CAD software users in the APAC region. On the basis of deployment type, the CAD software market in APAC is classified into cloud-based and on-premises.

Out of these, in 2018, the on-premises classification held more than 60.0% share in the market, due to the higher amount of customization and improved security features provided by on-premises CAD software. However, during the forecast period, the cloud-based classification is predicted to exhibit faster growth in the CAD software market in APAC on account of the increasing preference of large and small manufacturing and designing firms for cloud CAD solutions for data management and improved scalability. In every industry, the applications of artificial intelligence (AI) and machine learning are surging at a tremendous rate.

The integration of AI in CAD is creating ripples in the designing sector, as designers are using the generative design technology to automate the procedure. With CAD software, users can easily reverse-engineer a product from its image at a faster pace. Besides, AI helps users produce highly accurate designs with realistic view while using generative design methods, wherein the software helps in design process automation. The designs thus made are more complex as compared to traditional designs, and thus need additive manufacturing to be converted into the physical form.

One of the key trends being observed in the APAC CAD software market is the rapid end-user shift toward subscription-based from license-based models. The traditional CAD software licensing model is expensive, and as a result small and medium enterprises (SMEs) with low IT budget, most of the time, find it difficult to integrate the software in their work atmosphere. Hence, to lower the dependence on this model, organizations have shifted toward subscription-based CAD software. Since SMEs make up over 90.0% of the total registered enterprises in the region, a huge number of market players are rapidly focusing on subscription-based CAD software models to cater to this expanding customer base.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Technology

1.3.2 Market Segmentation by Deployment Type

1.3.3 Market Segmentation by Model

1.3.4 Market Segmentation by Level

1.3.5 Market Segmentation by Application

1.3.6 Market Segmentation by Country

1.3.7 Analysis Period

1.3.8 Market Data Reporting Unit

1.3.8.1 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By country

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Technology

4.1.1.1 2D software

4.1.1.2 3D software

4.1.2 By Deployment Type

4.1.2.1 Cloud

4.1.2.2 On-premises

4.1.3 By Model

4.1.3.1 Wireframe

4.1.3.2 Surface

4.1.3.3 Solid

4.1.4 By Level

4.1.4.1 Beginner

4.1.4.2 Intermediate

4.1.4.3 Pro

4.1.5 By Application

4.1.5.1 Aerospace and defense

4.1.5.2 Arts

4.1.5.3 Manufacturing

4.1.5.4 Automotive

4.1.5.5 Healthcare

4.1.5.6 Media and entertainment

4.1.5.7 Others

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.1.1 Shift from license-based model to subscription-based model

4.3.1.2 Increasing adoption of mobile CAD

4.3.2 Drivers

4.3.2.1 Increasing number of start-up companies

4.3.2.2 Growing adoption of CAD software in the packaging industry

4.3.2.3 Proliferation of CAD in the automotive industry

4.3.2.4 Impact analysis of drivers on market forecast

4.3.3 Restraints

4.3.3.1 Rapid increase in the use of pirated software

4.3.3.2 Growing use of free and open-source CAD software

4.3.3.3 Impact analysis of restraints on market forecast

4.3.4 Opportunities

4.3.4.1 Integration of augmented reality (AR) and virtual reality (VR) technologies with CAD

4.3.4.2 Growing adoption of cloud-based CAD services

4.3.4.3 Integration of artificial intelligence (AI) with CAD for generative designs

4.4 Porter's Five Forces Analysis

Chapter 5. APAC Market Size and Forecast

5.1 By Technology

5.2 By Deployment Type

5.3 By Model

5.4 By Level

5.5 By Application

5.6 By Country

Chapter 6. China Market Size and Forecast

Chapter 7. Japan Market Size and Forecast

Chapter 8. India Market Size and Forecast

Chapter 9. South Korea Market Size and Forecast

Chapter 10. Rest of APAC Market Size and Forecast

Chapter 11. Competitive Landscape

11.1 Market Share Analysis of Key Players

11.2 Competitive Benchmarking of Market Players

11.3 List of Key Players and Their Offerings

11.4 Recent Activities of Major Market Players

11.5 Strategic Developments of Key Players

11.5.1 Mergers and Acquisitions

11.5.2 Product Launches

Chapter 12. Company Profiles

12.1 Autodesk Inc.

12.1.1 Business Overview

12.1.2 Product and Service offerings

12.1.3 Key Financial Summary

12.1.4 SWOT Analysis

12.2 Bentley Systems Inc.

12.3 Dassault Systemes

12.4 Trimble Inc.

12.5 Gstarsoft Co. Ltd.

12.6 3D Systems Corporation

12.7 AVEVA Group PLC

12.7.1 Business Overview

12.8 Hexagon AB

12.9 IronCAD LLC

12.10 Siemens AG

12.11 PTC Inc.

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Related Topics: CAD, CAM and CAE Software

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: CAD, CAM and CAE Software