CAD Market to Reach $9 Billion by 2022

The 2020 CAD Report from Jon Peddie Research, also now available from ResearchAndMarkets.com, expects the CAD market to grow at a rate of 2.4% from 2018 to 2022, reaching $9 billion by the end of the forecast period.

According to the report:

New players and broader applications are enabling strong growth in the CAD industry. The large CAD customers in the automotive, aeronautics, construction, machine design, and process & power industries are gravitating towards systems design. Customers are opting for integrated products from the same vendors, but they have also successfully forced their suppliers to ensure software from different companies works together.

This report considers data from as many as 36 CAD companies making approximately 53 products, but concentrates on the ten market leaders: Autodesk, Aveva, Bentley Systems, Dassault, Graebert, Hexagon, Nemetschek, PTC, Siemens Digital Industries, and Trimble.

“There is plenty of room for the leading CAD companies to forge their own way in specialized markets as world industries transform their workflows via digitalization. There is plenty of differentiation. But, even more than digitalization, 3D workflows, are enabling CAD customers to build digital twins to test and model designs before they are built and monitor them in operation,” says Analyst Kathleen Maher.

More Jon Peddie Research Coverage