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Global Computer-Aided Design (CAD) Industry

October 6, 2020 | computer | No Comments

(MENAFN – GlobeNewsWire – Nasdaq) New York, Oct. 06, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Computer-Aided Design (CAD) Industry” – [To enable links contact MENAFN]
4 Billion by 2027, growing at a CAGR of 5.9% over the period 2020-2027.3D, one of the segments analyzed in the report, is projected to grow at a 6.7% CAGR to reach US$9.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 2D segment is readjusted to a revised 3.4% CAGR for the next 7-year period. This segment currently accounts for a 27.2% share of the global Computer-Aided Design (CAD) market.
The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 9% CAGR for the Period of 2020-2027
The Computer-Aided Design

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CAD, Computer Aided Design has brought about a technical revolution in the Engineering Industry. CAD Services can be classified into broad categories like Architectural Services, Structural Services, MEP and Mechanical Services. CAD for Engineers and Architects today is like Oxygen for the living. CAD Services is a boon for all companies’ worldwide who would like to execute CAD projects with minimum cost and quick deliverable capacity. With the consistently growing demands in construction industry and CAD services have achieved eminence across the globe. This technology has contributed immensely in development of Construction Industry, Building and Infrastructure development, Green Building concept along with other Engineering Domains like Machine Designing, Aeronautical sheets, Transformer designing, GIS, Pressure vessel designing etc..

Engineering industry today uses CAD Services to ensure Less cost, best quality, quick turnaround time along with excellent project efficiency. CAD is no longer limited to AutoCAD. There has been a great evolution … Read More