US CAD Software Market Analysis and Growth Forecast Report 2021-2030 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “United States CAD Software Market Research Report – Industry Analysis and Growth Forecast to 2030” report has been added to from ResearchAndMarkets.com offer.

CAD Software Market Value in United States was $2,458.6 Million in 2020 and is projected to reach $4,271.5 Million by 2030, growing at a CAGR of 5.7% from 2020 to 2030.

The major market driver is the growing use of CAD software in the packaging industry and the automotive industry.

The United States is home to several industries that have been significantly impacted due to the government-mandated lockdown to control the spread of COVID-19 infection. For example, the growth of the automotive industry has slowed significantly due to disruptions in manufacturing processes and the supply chain due to the imposition of lockdowns and restrictions on the movement of people and goods. This subsequently hampered the progress of the U.S. computer-aided design software market as demand for software plummeted among automakers.

The growing use of CAD software in the automotive industry is fueling the progress of the industry.

Between 3D and 2D software, the demand for the former has been higher in recent years, and this trend will continue in the years to come. The 3D software works more efficiently and provides deeper insight when drawing designs than the 2D version.

End users are expected to prefer cloud-based deployment over on-premises deployment in the coming years. Indeed, the cloud offers improved agility, remote access from any Internet-connected device and better scalability.

The aerospace and defense industry is expected to make extensive use of CAD software in the coming years, due to the growing need for state-of-the-art space shuttles, aircraft, and missiles. High precision is required in the production of aerospace and defense components, which is fueling the adoption of CAD software for product design in this industry.

Players operating in the US CAD software market are betting on mergers and acquisitions to strengthen their position. For example, an agreement was signed by 3D Systems Corporation in September 2021 to acquire Oqton Inc., a software company that offers cloud-based manufacturing operating system (MOS) platforms.

The industry is fragmented in nature due to the presence of various major players.

The growing requirement for CAD software in the packaging industry is one of the major growth drivers for the US CAD software market. Packaging systems are required for labeling, product filling, strapping and packaging processes.

As these machines become very complex, designers and engineers are turning to CAD software to meet the challenges of mechatronic engineering. This software makes possible the unconventional modeling of packaging equipment through simulation and various communication control tools, which help in motor optimization and actuator selection.

Dassault Systemes SE, Hexagon AB, Bentley Systems Inc., Autodesk Inc., 3D Systems Corporation, Trimble Inc., Siemens AG, IronCAD LLC, AVEVA Group plc, PTC Inc. and CNC Software Inc. are some of the largest companies in the Marlet.

Market dynamics

Tendencies

  • Focus on acquisitions by market players

  • Switch from a license-based model to a subscription-based model

  • Transition from 2D CAD to 3D CAD

Drivers

  • Increasing use of CAD software in the packaging industry

  • Growing Adoption of CAD in the Automotive Industry

Constraints

  • Availability of free and open-source CAD software, associated with software piracy

  • High cost of advanced CAD and 3D software

Opportunities

  • Growing adoption of the Saas-based model

  • Growing popularity of cloud-based CAD services

Impact of COVID-19 on the US CAD Software Market

Porter’s Five Forces Analysis

Company Profiles

  • Dassault Systemes SE

  • Autodesk Inc.

  • Bentley Systems Inc.

  • Trimble Inc.

  • PTC Inc.

  • 3D Systems Society

  • AVEVA Group plc

  • Hexagon AB

  • IronCAD LLC

  • CNC software inc.

  • Siemens AG

For more information on this report, visit https://www.researchandmarkets.com/r/egmcqf

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