DUBLIN, Sept. 20, 2019 /PRNewswire/ — 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
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
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
18.104.22.168 2D software
22.214.171.124 3D software
4.1.2 By Deployment Type
4.1.3 By Model
4.1.4 By Level
4.1.5 By Application
126.96.36.199 Aerospace and defense
188.8.131.52 Media and entertainment
4.2 Value Chain Analysis
4.3 Market Dynamics
184.108.40.206 Shift from license-based model to subscription-based model
220.127.116.11 Increasing adoption of mobile CAD
18.104.22.168 Increasing number of start-up companies
22.214.171.124 Growing adoption of CAD software in the packaging industry
126.96.36.199 Proliferation of CAD in the automotive industry
188.8.131.52 Impact analysis of drivers on market forecast
184.108.40.206 Rapid increase in the use of pirated software
220.127.116.11 Growing use of free and open-source CAD software
18.104.22.168 Impact analysis of restraints on market forecast
22.214.171.124 Integration of augmented reality (AR) and virtual reality (VR) technologies with CAD
126.96.36.199 Growing adoption of cloud-based CAD services
188.8.131.52 Integration of artificial intelligence (AI) with CAD for generative designs
4.4 Porter’s Five Forces Analysis
Chapter 5. APAC Market Size and Forecast
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
- Autodesk Inc.
- Bentley Systems Inc.
- Dassault Systemes
- Trimble Inc.
- Gstarsoft Co. Ltd.
- 3D Systems Corporation
- AVEVA Group PLC
- Hexagon AB
- IronCAD LLC
- Siemens AG
- PTC Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ehw6i7
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