IMARC Group, a leading market research company, has recently releases report titled, “CAD in Industrial Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global CAD in industrial machinery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
The global CAD in industrial machinery market size reached US$ 9.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.05% during 2023-2028.
Computer-aided design (CAD) holds significant importance in the realm of industrial machinery. Its usage allows engineers and designers to conceive, modify, and refine designs in a digital environment, facilitating visualization and exploration of several design alternatives and iterations. CAD software provides an array of features and tools that aid in the creation of intricate geometries, precise measurements, and accurate simulations. It enables the generation of meticulous and comprehensive two- and three-dimensional (2 or 3D) models of machinery components, assemblies, and systems. CAD facilitates virtual simulations and analyses, such as stress analysis, motion analysis, and fluid flow simulations, through which potential issues can be identified, machinery performance can be evaluated, and design optimization can be achieved without physical prototypes. It improves productivity, reduces costs, and enhances the quality, functionality, performance, and manufacturability of machinery. Consequently, CAD finds extensive utilization in the automotive, aerospace, and manufacturing sector across countries.
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The CAD in industrial machinery market growth is driven by the growing adoption of digitalization and automation in the industrial machinery segment as part of the fourth industrial revolution (Industry 4.0). Furthermore, the elevating emphasis on product customization and designing complex and customized machinery components and systems tailored to specific customer requirements is acting as another significant growth-inducing factor. Apart from this, the market is further propelled by the need to meet various regulatory standards and certifications and the rising demand for cost-effective, energy-efficient, and sustainable equipment. Additionally, the increasing requirement for rapid prototyping, enabling faster time-to-market for industrial machinery during the product development cycle, and the escalating technological advancements, such as cloud-based CAD software and the integration of other software applications, including product lifecycle management (PLM) and computer-aided manufacturing (CAM) systems are also positively influencing the global market. Moreover, the expanding adoption of 3D printing in industrial machinery is expected to fuel the computer-aided design CAD in industrial machinery market in the coming years.
The report has segmented the market into the following categories:
Product Insights:
3D
2d
Application Insights:
Special Purpose Machines
Production Equipment
Earth Moving Machinery
Printing/Packaging Machinery
Industrial Goods and Equipment
Automation and Robotics
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
The report covers the major market players including:
Autodesk Inc.
Bontex Srl
Bricsys NV (Hexagon)
Browzwear Solutions Pte. Ltd.
CAD International
Dassault Systemes
Graebert GmbH
Lectra
PTC Inc.
Siemens Aktiengesellschaft, etc.
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