Factors such as the increasing use of the computer-aided design (CAD) software in the packaging sector and the surging production of quality components and products in the automotive industry are expected to drive the U.S. CAD software market at a CAGR of 5.7% during 2020–2030. According to P&S Intelligence, the market was valued at $2,458.6 million in 2020, and it will generate $4,271.5 million revenue by 2030. As vehicle owners are generating an extensive demand for quality parts, automakers are using advanced CAD-enabled tools for product designing and development.
The increasing use of the CAD software in the packaging sector is one of the primary growth drivers for the market. Packaging machinery is used for product filling, labeling, wrapping, and strapping. Over the years, packaging machines have become more complex, owing to which designers and engineers are increasingly adopting the CAD software to meet the mechatronic engineering challenges, as it allows unconventional modeling of this machinery through communication and simulation control tools. These tools help in reducing the cost and energy consumption of machines by optimizing motors and helping select actuators.
Nowadays, the shift of end users from 2D CAD to 3D CAD, on account of the rising demand for accuracy and speed in product designing and development, while upholding the product quality, has become a prominent trend in the U.S. CAD software market. In recent years, the automotive and aerospace & defense industries have become aware of the benefits of 3D CAD solutions, owing to which they are strongly focusing on this technology to digitally prototype their products before mass production.
The U.S. CAD software market is fragmented due to the presence of numerous players, such as Dassault Systèmes SE, Hexagon AB, Autodesk Inc., 3D Systems Corporation, Bentley Systems Inc., Siemens AG, CNC Software Inc., and PTC Inc. In recent years, they have largely focused on mergers and acquisitions to consolidate their position. For instance, in June 2021, Autodesk Inc. acquired all the outstanding shares of the common stock of Altium Limited to develop a unified designing, engineering, and manufacturing cloud platform that offers enhanced productivity and sustainability to its customers.
Therefore, the rising demand for quality vehicle parts and the surging use of the CAD software in the packaging sector are the major growth drivers for the market.
The increasing use of the CAD software in the packaging sector is one of the primary growth drivers for the market. Packaging machinery is used for product filling, labeling, wrapping, and strapping. Over the years, packaging machines have become more complex, owing to which designers and engineers are increasingly adopting the CAD software to meet the mechatronic engineering challenges, as it allows unconventional modeling of this machinery through communication and simulation control tools. These tools help in reducing the cost and energy consumption of machines by optimizing motors and helping select actuators.
Nowadays, the shift of end users from 2D CAD to 3D CAD, on account of the rising demand for accuracy and speed in product designing and development, while upholding the product quality, has become a prominent trend in the U.S. CAD software market. In recent years, the automotive and aerospace & defense industries have become aware of the benefits of 3D CAD solutions, owing to which they are strongly focusing on this technology to digitally prototype their products before mass production.
The U.S. CAD software market is fragmented due to the presence of numerous players, such as Dassault Systèmes SE, Hexagon AB, Autodesk Inc., 3D Systems Corporation, Bentley Systems Inc., Siemens AG, CNC Software Inc., and PTC Inc. In recent years, they have largely focused on mergers and acquisitions to consolidate their position. For instance, in June 2021, Autodesk Inc. acquired all the outstanding shares of the common stock of Altium Limited to develop a unified designing, engineering, and manufacturing cloud platform that offers enhanced productivity and sustainability to its customers.
Therefore, the rising demand for quality vehicle parts and the surging use of the CAD software in the packaging sector are the major growth drivers for the market.
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