CAD Modelling software Market by Design Type (2-D and 3-D), by Application (Aerospace & Defense Industry, Shipbuilding Industry, Automobile & Train Industry, Machine Tool Industry, and Others), and by Type (Mono Functional and Multi-Functional)
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Computer Aided Design (CAD) is a software tool that assists, architects, and engineers other professionals to design and manufacture objects. Such software replaces manual drafting with an automated process.
The introduction of 5-axis CAD modelling software tools to enhance production is also anticipated to fuel the market growth. An increase in investments on R&D activities in the CAD market is anticipated to drive the demand in the coming years.
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Lack of skilled labor is expected to hinder the growth of this market. However, 4D technology and a shift from proprietary software to cloud-based subscription are the major opportunities of the CAD modelling software market.
The CAD modelling software market is segmented on the basis of design type, application, type, and geography. Based on launch type, the market is bifurcated into 2-D and 3-D.
By application, the market is divided into aerospace & defense industry, shipbuilding industry, automobile & train industry, machine tool industry, and others. By type, the market is classified into mono functional and multi-functional.
By geography, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Autodesk Inc., CNC Software Inc., Vero Software, ZWCAD Software Co., GRZ Software, BobCAD-CAM, Inc., Cimatron Group, Camnetics, Inc., MecSoft Corporation, and Dassault Systemes are some of the major key players of the global CAD modelling software market.
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