The APAC CAD software market will experience a growth in the near future. There is a growing demand of the same from industries, like entertainment and media, and the hike in the number of small organizations seeking such software to streamline their activities. Such factors are fuelling the industrial growth.
APAC CAD software industry is divided into several models, such as solid and surface models, in which the solid category will show the fastest growth in the near future. Designers are more inclined toward this solid model because such a model supports enhanced visualization and simulation, solid model of CAD software is growing significantly and is also estimated to hold the largest share in the future also.
CAD software services are used extensively in sectors such as automotive, healthcare, manufacturing, automotive, media and entertainment, defence and aerospace, arts and chemicals, and pharmaceuticals also. Défense and aerospace held the largest share of around 26%, and new players are also emerging from the APAC region, which will drive the demand for CAD solutions.
China dominated the industry with around 32% share in the APAC region. As companies are spending more on research and development, and the government is also supporting the research and development initiatives, which are the main reason behind the growth of CAD solutions.
In the APAC region, the automotive sector has shown an increasein demand for high-quality equipmentmen because of the growing incidence of a product recall in recent times. Manufacturers are, consistently, increasing their focus on the quality of their products to meet the need for passenger safety and to understand changing customer behavior.
India and China, are becoming a hub for automobile manufacturers to set up their plants, Companies like Xpeng Motors and tesla are entering the electric vehicles market, and to design car models, they need CAD software.
As the demand for EVs increases especially in Japan and China, the chances to get foreign investments will also increase, which will lead these countries toward more competition in the automobile sector, and the race between companies to launch new cars before their competitors would eventually increase the need for CAD software.
Mobile CAD is also used extensively and becoming stronger in the APAC CAD Software market. Such facilities enable users to use CAD software on mobile phones, it can be used in the form of an application in which users can create, edit and share their designs. Such innovations help designers in many ways
Therefore, the extensive use of CAD software in various industries and the growing EV market will proliferate the CAD industry in the APAC.
