The global computer-aided design (CAD) software market size was US$ 11.3 billion in 2021 and is forecast to reach US$ 25.6 billion by 2030. The global computer-aided design (CAD) software market would grow at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2022-2030.To get more news about computer aided design software, you can visit shine news official website.

Computer-Aided Design (CAD) software helps engineers and architects create design and technical illustrations. CAD software increases the productivity of the work, improves quality, and also helps develop a documentation database for manufacturing activities.

The automotive industry would surge the demand for advanced automotive products. User preference is inclining towards quality products over brand value. As a result, it would offer significant growth opportunities to the manufacturers. Moreover, the growing traffic of connected cars is expected to fuel the demand for advanced tools of CAD software to develop an efficient design for error-free manufacturing of the products.

Growing investment in research and development (RD) is forecast to fuel the growth of the global computer-aided design (CAD) software market. CAD software is gaining popularity as they benefit in lowering product recalls and understanding product designs and their functions in real-world forces.

High costs associated with the CAD software would slow down the growth of the global computer-aided design (CAD) software market.

Growing urbanization and industrialization are forecast to be potentially favorable for the growth of the global computer-aided design (CAD) software market.Geographically, North America is the largest shareholder in the global computer-aided design (CAD) software market. The growth of the aerospace and automotive sector in the region is driving the growth of the global computer-aided design (CAD) software market in the region.

The Asia-Pacific region is forecast to emerge as the rapidly growing region in the global computer-aided design (CAD) software market. It is due to the growing adoption of CAD software, majorly in the healthcare industry. The CAD software helps medical practitioners design effective devices for disabled people. Moreover, this software is also used in the process of breast tissue reconstruction in cancer patients. Thus, it would propel the growth of the global computer-aided design (CAD) software market.