Computer Aided Design (CAD) Market Evolving Technology

The global CAD market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe accounts for major share in global CAD market due to the presence of well-established automotive industry in the region. North America also accounts for significant share on global CAD market.

This is attributed to rising adoption of cloud based mechanical CAD software in mechatronics industry is anticipated to propel the growth of CAD market in the region. APEJ is expected to project significant growth during the forecast period. There is a rise in investments in healthcare industry and the rapid adoption of CAD designs for development of medical devices in the region. Also, the rapid growth of automotive industry is expected to boost the growth of CAD market in the region. Japan holds major share in robotics and mechatronics industry, which is anticipated to boost the growth of CAD market in the country.

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July 3, 2019

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