Report ID: SQMIG20H2026
Report ID:
SQMIG20H2026 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
67 |
Figures:
75
North America has garnered notable market momentum, achieving a market revenue exceeding 30%. This ascent can be attributed to the escalating uptake of cloud-based solutions, a growing appetite for automation and efficiency within the manufacturing sector, and the flourishing aerospace and defense industries. Furthermore, the region's intensified investment in research and development endeavors geared toward advanced CAD software is poised to unveil significant growth prospects. Support from the U.S. government for the deployment of digitization solutions aimed at fortifying the region's manufacturing industry development is anticipated to catalyze the implementation of 3D CAD software solutions across diverse end-use sectors. Key industry players operating in this region include Autodesk Inc, Dassault Systemes SE, PTC Inc., and Siemens.
Concurrently, the Asia Pacific region emerges as the most swiftly expanding market, boasting a projected Compound Annual Growth Rate (CAGR) of approximately 8.0% within the timeframe spanning 2023 to 2030. This rapid growth is underpinned by the mounting adoption of digital design tools, the ascent of Industry 4.0 principles, and the proliferation of 3D printing practices across various sectors. Prominent software solutions such as Solidworks, Autodesk Inventor, CATIA, PTC Creo, and Siemens NX find extensive application in domains such as automotive, aerospace, and industrial design, facilitating product design, simulation, and analysis. The region's robust expansion within the engineering, design, and development domains is poised to fuel increased adoption of designing and modeling tools throughout the forecast period.
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Report ID: SQMIG20H2026