When
geography is taken into consideration, China was the largest APAC CAD
software market during the historical period, accounting for 31.9% of the regional
revenue in 2018. The reason for this is the growing number of engineering
universities and the expansion of the media & entertainment and automotive
industries in the country. The highest CAGR is expected to be recorded by India
during the forecast period due to the growing demand for CAD software from the
aerospace & defense and automotive industries.
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The
popularity of CAD software in the automotive industry is one of the major
driving factors for the APAC CAD software market. The requirement for
high-quality components is increasing significantly in the automotive industry
in APAC. Because of this, auto part buyers are also trying to focus on the
quality of their products. In addition, numerous connected cars are predicted
to be on the roads in the coming years, due to which automobile designers are
becoming more inclined toward using advanced solutions supported by CAD
software for developing error-free products.
Another
major factor leading to the growth of the APAC CAD software market is
the surging adoption of the software in the packaging industry. Due to
technological advancements, the complexity of designs in the packaging
machinery has increased. This has resulted in the growing adoption of CAD
software by engineers and designers to increase the efficiency and throughput.
Through simulation and communication control tools, the software enables engineers
to provide unconventional modeling. Furthermore, the software is also being increasingly
utilized in the industry because of the rising demand for smart packaging.
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A
major trend being observed in the APAC CAD software market is the rising
adoption of mobile CAD. The software is made accessible on mobiles through an
application which allows the users to edit, view, and share their designs.
Mobile CAD enables engineers to create 3D models and drawings of products, in
addition to allowing them to improve efficiency and productivity through design
execution. Moreover, engineers can easily solve problems on the shop floor
itself by using mobile CAD.
Hence,
the proliferation of CAD usage in the packaging and automotive industries
because of an increase in the demand for innovative and more efficient products
is leading to the growth of the market.
