Technology CAD software market is anticipated to grow at a CAGR of 8.9% during the forecast period (2023-2030). CAD replaced manual design drafting, allowing design development, alteration and optimization. CAD enables engineers to craft more precise designs and manipulate them virtually. The growing adoption of CAD conversion technology from scratch, creating new techniques rooted in computational geometry is the key factor supporting the growth of the market globally. Various provisional patents cover the conversion of CAD files into 3D models. CAD to 3D model conversion capability implies drastically improved scalability associated with 3D models for e-commerce, with the creation of photo-realistic, fully textured 3D models from raw CAD models and reference images. The market players are also focusing on introducing CAD to 3D model conversion solutions that further bolster market growth. For instance, in September 2021, Nextech AR Solutions Corp. launched an innovative CAD to POLY solution. The Company is now incorporating into its services a technology to create optimized 3D meshes that are suitable for 3D and AR applications. The Company has filed a provisional patent covering the conversion of CAD files into 3D models.

Segmental Outlook 

The global technology CAD software market is segmented on the technology. Based on the technology, the market is sub-segmented into CMOS, image sensors, solar cells, and analog/RF devices. Among the technology, the CMOS sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of technology computer-aided design optimizes process modules THAT reduce the development of experimental cycles.

The Image Sensors Sub-Segment is Anticipated to Hold a Considerable Share of the Global Technology CAD Software Market

Among the technology, the image sensors sub-segment is expected to hold a considerable share of the global technology CAD software market. The segmental growth is attributed to the growing influence of image sensors with the virtual muslin-making features globally, users can achieve further productivity improvements, such as reduction in product lead times and costs, during the basic pattern-making stage. For instance, in November 2023, Toray ACS launched the fashion CAD software package “CREACOMPO® GLOBAL” in the US market. “CREACOMPO” is a well-known fashion CAD brand in the Japanese market and is used by most Japanese apparel companies. 

Regional Outlook

The global technology CAD software market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the increasing deployment of automated, connected, and smart vehicles and the ongoing rollout of the infrastructure necessary to establish connectivity with vehicles.

Global Technology CAD Software Market Growth, by Region 2023-2030

The North America Region is Expected to Grow at a Significant CAGR in the Global Technology CAD Software Market

Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the adoption of technology computer-aided design software in the region and the presence of electronics manufacturing companies. The rising usage of solar cells in electric vehicles, electricity generation, and solar-powered vehicles. Furthermore, the rising demand for renewable energy sources owing to their environmental benefits has significantly driven the demand for solar cells, creating growth opportunities. The key market players include ANSYS, Inc., Autodesk Inc., Dassault Systèmes, PTC , Siemens and others.

The CAD module simplifies restorative digital workflows, guiding users with the help of a new user interface, and allowing them to utilize a generic design starting point. For instance, in February 2023, ZimVie launched the RealGUIDE™ CAD and FULL SUITE software modules. These modules, designed for ZimVie’s digital dentistry platform, are capable of detailed and advanced restorative design and manufacturing. 

Market Players Outlook

The major companies serving the technology CAD software market include Adobe Systems Inc., Autodesk Inc., Dassault Systèmes, Hexagon AB, Trimble Inc. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2023, MLC CAD Systems, LLC announced its strategic partnership with SolidProfessor, the largest online training platform for design engineers. MLC CAD Systems is launching new success plans to offer more value to its customers. SolidProfessor’s on-demand training platform will be included in both success plans.

The Report Covers

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global technology CAD software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.