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The Global Computer Aided Devices Market size is anticipated to grow at a CAGR of 8.39% during the forecast period. The computer aided devices assists engineers, architects, designers in manufacturing and designing objects, specifically computer numerical control (CNC) machining in developing and manufacturing accurate and precisely manufactured products and to reduce the process waste and improve the operational efficiency in application industries such as automobiles, aerospace & defense, and others all over the world. Computer aided devices are extensively used for the creation, revision, analysis, and optimization of designs for drawing layout, changing, editing and analyzing the design. Major type of design used in computer aided design includes two-dimensional (2D) and three-dimensional (3D) imagery type.
Increasing adoption of computer aided design software by manufacturing industry to increase the process accuracy and precision in order to reduce the process waste and higher usage of virtual platforms for product designing and manufacturing purposes are expected to propel the global computer aided devices market during the forecast period. However, factors like work is prone to viruses, possibility of hacking, lengthy and time taking process to know how to operate or run the software of computer aided device are some of the major constraints on computer aided devices market growth.
Key Factors Impacting the Growth of Computer Aided Devices Market:
The global computer aided devices market segmentation is based on design type, operating system, end-users, and region.
Design Type Outlook:
Based on design type, the global computer aided devices market is bifurcated into 2D and 3D. 3d design enables the developer and manufacturer to design and manufacturer’s complicated parts like blueprints for building, designing machinery, small ball bearings, draw electrical plans, deigning electrical gadgets with utmost efficiency and accuracy. Thus, the 3D segment is expected to register highest growth rate over the forecast period.
Operating System Outlook:
Based on operating system, the global computer aided devices market is divided into Windows, UNIX, Linux, and Mac OS X. In 2019, the Windows segment is expected to widely dominate the computer aided devices market owing to strong end-user customer partnership and easy to functionality features.
End User Outlook:
Based on end user, the computer aided devices market has been segmented into automotive, manufacturing, AEC, healthcare, and others. The automotive segment is expected to maintain its dominance over the forecast period this is due to as such companies are continuously concentrating on improving the manufacturing processes through the adoption of various technological innovations for ensuring the delivery of quality products and higher demand for new and advanced vehicles like electrical and semi-automotive vehicles during the forecast period.
Furthermore, the ongoing development of advanced automotive technologies like mart technologies and Internet of Things (IoT) powered solutions, for example connected cars, connected logistics, predictive maintenance, and connected fleet are expected to offer ample growth opportunities for the growth of automotive segment in the global computer aided devices market during the forecast period.
Regional Outlook:
Based on the region, the global computer aided devices market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. In terms of revenue, North America is expected to dominate the global computer aided devices market during the forecast period. Factors driving the demand for computer aided devices market in North America region is very high adoption of computer aided deices in most of the industrial sectors ranging from automotive, healthcare to manufacturing and metal work.
Europe region is expected to hold the substantial market chunk in the global computer aided devices market during the forecast period, this is due to the demand for advanced technologies and presence of major end use sector companies in this region.
However, Asia Pacific region is expected to register highest growth rate during the forecast period in the global computer aided devices market. This growth is driven by factors like presence of highly countries like India and china, increasing growth of automotive industry and increasing use of CAD technology for designing various instruments and infrastructure.
The report analyzes factors affecting the computer aided devices market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the computer aided devices market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.
Competitive Landscape
Major companies operating in the global computer aided devices market are focusing on integrating intelligent processing techniques and AI with the CAD software. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the computer aided devices market and increase their product portfolio. The key leading players in the market include Autodesk Inc., AVEVA Group plc, Dassault Systèmes, Hexagon AB, Advanced Computer Solutions Limited, 3D Systems Corporation, Bentley Systems Inc, BobCAD-CAM, Inc., Bricsys NV, Kubotek3D, Nemetschek SE, PTC Inc., Siemens Product Lifecycle Management Software Inc., and Trimble Inc., and Robert McNeel & Associates and among others.
This report also includes the profiles of key computer aided devices market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
What Does This Report Provide?
This report provides a detailed understanding of the global computer aided devices market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Market Segmentation:
By Design Type
By Operating System
By End User
By Region:
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