The future of global Computer-Aided Design (CAD) software market looks promising. According to the recent research report published by the leading technology research and advisory firm TechNavio, the global CAD software market is likely to grow at a CAGR of 8.60 percent during 2012-2016. The report explains the different factors driving this market; three of which are discussed below.
CAD adoption is on the rise thanks to increased usage of rapid prototyping and tooling by several industries, such as automotive, aerospace, machine tools, healthcare, consumer durable and manufacturing.
Product visualization is also driving the CAD software adoption. Development of quality products depends on superior quality of drawings. Usage of CAD software helps engineers to reduce errors in their product, plant or machinery designing processes.
Poor quality design of a product often leads to an increase in maintenance, repair and overhaul (MRO) expenses. By using CAD efficiently companies can reduce their product design and development cost by almost 80 percent.
Despite these growth factors, there are some serious challenges facing the global Computer-Aided Design Market. One of the challenges is posed by open source CAD software products that are mostly downloadable for free and extensively used by several micro and small-scale enterprises (MSMEs), individual users and educational institutions. Proliferation of pirated Computer-Aided Design software in the market is a challenge for the commercial CAD software vendors.
The high training and upgrade cost of commercial CAD software solutions always play dampener for small-scale units and individual users. They prefer pirated or open source CAD solutions, which provide significant cost saving to them.
Adoption of cloud based CAD solutions in developing countries, such as South Africa, India, Sri Lanka, Pakistan, and Bangladesh is not gaining momentum due to the lack of network infrastructure.
That fourth challenge is that unless the make of the CAD software and the Product Life-cycle Management (PLM) solution is the same, integration of the two is a problem. PLM solutions include Computational Fluid Dynamics (CFD), Finite Element Analysis (FEA), etc. Issues related to interoperability of CAD with other PLM solutions remains a gray area.
The study shows that in 2012 the global Global Computer-Aided Design Market was dominated by companies like Autodesk, Dassault Systèmes, Siemens, PTC, and Bentley Systems. Others such as Intergraph, Nemetschek AG and local vendors also have their presence in the market.
Cloud-based CAD solutions with pay-per-use model, development of mobile CAD applications are some new trends in the global CAD market. But one thing is for sure that CAD adoption is bound to grow with the passage of time as the wheel of industrialization moves from developed to developing economies.
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