CAD and PLM Software Market size was valued at USD 14.89 billion in 2022 and is expected to grow to USD 26.55 billion by 2030 and grow at a CAGR of 7.5 % over the forecast period of 2023-2030.
Product Lifecycle Management (PLM) software enables interdisciplinary, geographically dispersed teams to strategically engage with partners and customers using the most recent product information. Standardizing the product development process, lets organizations distribute, centralize, safeguard, and automate product data. PLM software also integrates people, processes, business systems, and data linked to product development. Before a product is manufactured and produced, 2D and 3D digital models of the actual product are created using computer-aided design (CAD). To aid in the development of products, PLM software was launched alongside CAD software. Product Data Management (PDM) modules are coupled with CAD systems to create PLM solutions. Visual prototyping is made possible by deployment in the manufacturing and automotive industries, which also improves 3D CAD standards, design for manufacturing, automated drawing generation, and intellectual property protection. Tata Power claims that there are many issues with the aforementioned features and that CAD-integrated PLM helps to mitigate 3D CAD software's shortcomings. Therefore, the demand for CAD and PLM software will increase as CAD software is increasingly used in the manufacturing and automotive industries.
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Drivers:
The adoption of CAD and PLM software will be fueled by the growth of smart manufacturing with the adoption of IoT technologies and 3D printing/modeling.
The manufacturing and automotive sectors are under intense pressure to innovate and produce luxury items while shortening product timelines. By automating manual and labor-intensive operations, the use of IoT devices has considerably increased the rate of production. and its main advantages include better product designs, quality, and customer happiness as well as shorter manufacturing lead times.
Restrains
Siloed departments and disconnected systems are limiting market expansion.
PLM technology is advantageous to the entire product lifecycle and is quickly gaining ground in industries like operations, production, engineering, and manufacturing.
The complexity developed as a result of the rising number of product data, and numerous difficulties appeared. A number of difficulties, such as data quality, product complexity, disconnected systems, procedures, and others, might arise when creating such sophisticated products.
Opportunities:
Global Increase in Web-based Software Hosting and Cloud-based PLM Deployment Integration to Drive Segment Growth opportunity for the market.
Challenges:
Data security and other factors like integration and implementation costs are anticipated to challenge market growth.
The limited use of CAD and PLM software in SMEs during the pandemic will slightly slow market expansion.
Due to global lockdowns, travel bans, and business closures brought on by the widely spread of coronavirus, there was a limitation on the movement of products, services, and people, which had an impact on the economy and industry as a whole. Due to SMEs' ability to develop and design solutions without PLM software, organizations’ investments in technology solutions like PLM, PDM, CAD, and many others also declined during a temporary downturn in the economy. Consequently, the market's growth rate was temporarily slowed.
The global market was adversely affected by the negative growth across industries, including industrial equipment, automotive, high technology, aerospace, and others. However, the market is anticipated to expand significantly with continued momentum surrounding digital transformation.
The ongoing conflict between Russia and Ukraine has had a significant impact on various industries, including the CAD and PLM software markets. This market is crucial for businesses that rely on computer-aided design and product lifecycle management software to streamline their operations and improve efficiency. The war has caused disruptions in the supply chain, leading to delays in the delivery of essential components and software updates. This has resulted in increased costs for businesses, as they are forced to find alternative suppliers or delay their projects. Furthermore, the political instability in the region has led to a decline in foreign investment, which has affected the growth of the CAD and PLM software market. Many businesses are hesitant to invest in the region due to the uncertainty surrounding the conflict
The CAD and PLM Software Market is segmented into three types on the basis of By Deployment and By Application.
By Deployment:
On-premise
Cloud
By Application:
Electronics
Automotive
Architecture
Industrial Equipment
Aerospace and Defense
Engineering and Construction (AEC)
Others
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North America held the largest market share worldwide. One of the main factors influencing the market growth in North America is the increasing deployment of cloud-based applications and services.
The significant growth of Industry 4.0 and IoT is what is driving the market share for CAD and PLM software in Europe. Additionally, the government and the Ministry of Economic Affairs and Energy (BMWI) created Industry 4.0, a national strategic initiative that places an emphasis on digitization, product interconnection, value chains, and business models. It is anticipated that this would enhance the use of CAD and PLM software in smart manufacturing facilities.
Furthermore, Germany is a producer of machinery and automobiles and has a highly developed industrial sector. Due to significant investments in the fields of education and research & development, the nation is also renowned for its high-tech manufacturing skills and superior product quality. Therefore, it is anticipated that various industrial developments and advancements in Germany will favorably affect CAD and PLM software in the area.
To diversify their economies and reduce their dependency on oil, Middle Eastern nations are going through a technology-driven change. For instance, the Saudi Vision initiative's push for digitalization promotes social and economic development, boosts technology spending, and creates more regionalized supply chains.
In the regional analysis study of the regions of North America, Europe, Asia Pacific middle east, and Africa.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players in the market are Autodesk Inc., SAP SE, Dassault Systems, PTC Inc., Oracle Corporation, Propel Software Solutions Inc, Simplify3D, Siemens AG, Blender, Infor Inc, Aras Corporation, DuroLabs, and others in the final report.
Onshape Solution Development and Arena Solutions Product Lifecycle Management (PLM) are connected through a new solution called "Onshape-Arena Connection" that PTC introduced in September 2022. Data sharing is accelerated as a result, assisting businesses in streamlining their product development procedures and upholding their relationships with supply chain partners.
Aras Corporation and AVEVA, a developer and producer of digital software that specializes in digital transformation and sustainability, partnered in September 2022. Through the integration of the Aras Innovator Platform, the partnership led to the development and licensing of Asset Lifecycle Management.
| Report Attributes | Details |
| Market Size in 2022 | US$ 14.89 Bn |
| Market Size by 2030 | US$ 26.55 Bn |
| CAGR | CAGR of 7.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Deployment (On-premise, Cloud) • By Application (Electronics, Automotive, Architecture, Industrial Equipment, Aerospace and Defense, Engineering and Construction (AEC), and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Autodesk Inc., SAP SE, Dassault Systems, PTC Inc., Oracle Corporation, Propel Software Solutions Inc, Simplify3D, Siemens AG, Blender, Infor Inc, Aras Corporation, DuroLabs |
| Key Drivers | • The adoption of CAD and PLM software will be fueled by the growth of smart manufacturing with the adoption of IoT technologies and 3D printing/modeling. |
| Market Opportunities | • Global Increase in Web-based Software Hosting and Cloud-based PLM Deployment Integration to Drive Segment Growth opportunity for the market. |
The market is expected to grow to USD 26.55 billion by the forecast period of 2030.
USD 14.89 billion in 2022 is the market share of the CAD and PLM Software Market.
The major worldwide key players in the CAD and PLM Software Market are Autodesk Inc., SAP SE, Dassault Systems, PTC Inc., Oracle Corporation, Propel Software Solutions Inc, Simplify3D, Siemens AG, Blender, Infor Inc, Aras Corporation, DuroLabs, and others in the final report.
The forecast period for the CAD and PLM Software Market is 2022-2030.
Growth rate of the CAD and PLM Software Market is CAGR 7.5 %.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. CAD and PLM Software Market Segmentation, by Deployment
8.1 On-premise
8.2 Cloud
9. CAD and PLM Software Market Segmentation, by Application
9.1 Electronics
9.2 Automotive
9.3 Architecture
9.4 Industrial Equipment
9.5 Aerospace and Defense
9.6 Engineering and Construction (AEC)
9.7 others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America CAD and PLM Software Market by Country
10.2.2North America CAD and PLM Software Market by Deployment
10.2.3 North America CAD and PLM Software Market by Application
10.2.4 USA
10.2.4.1 USA CAD and PLM Software Market by Deployment
10.2.4.2 USA CAD and PLM Software Market by Application
10.2.5 Canada
10.2.5.1 Canada CAD and PLM Software Market by Deployment
10.2.5.2 Canada CAD and PLM Software Market by Application
10.2.6 Mexico
10.2.6.1 Mexico CAD and PLM Software Market by Deployment
10.2.6.2 Mexico CAD and PLM Software Market by Application
10.3 Europe
10.3.1 Europe CAD and PLM Software Market by Country
10.3.2 Europe CAD and PLM Software Market by Deployment
10.3.3 Europe CAD and PLM Software Market by Application
10.3.4 Germany
10.3.4.1 Germany CAD and PLM Software Market by Deployment
10.3.4.2 Germany CAD and PLM Software Market by Application
10.3.5 UK
10.3.5.1 UK CAD and PLM Software Market by Deployment
10.3.5.2 UK CAD and PLM Software Market by Application
10.3.6 France
10.3.6.1 France CAD and PLM Software Market by Deployment
10.3.6.2 France CAD and PLM Software Market by Application
10.3.7 Italy
10.3.7.1 Italy CAD and PLM Software Market by Deployment
10.3.7.2 Italy CAD and PLM Software Market by Application
10.3.8 Spain
10.3.8.1 Spain CAD and PLM Software Market by Deployment
10.3.8.2 Spain CAD and PLM Software Market by Application
10.3.9 The Netherlands
10.3.9.1 Netherlands CAD and PLM Software Market by Deployment
10.3.9.2 Netherlands CAD and PLM Software Market by Application
10.3.10 Rest of Europe
10.3.10.1 Rest of Europe CAD and PLM Software Market by Deployment
10.3.10.2 Rest of Europe CAD and PLM Software Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific CAD and PLM Software Market by Country
10.4.2 Asia Pacific CAD and PLM Software Market by Deployment
10.4.3 Asia Pacific CAD and PLM Software Market by Application
10.4.4 japan
10.4.4.1 Japan CAD and PLM Software Market by Deployment
10.4.4.2 Japan CAD and PLM Software Market by Application
10.4.5 South Korea
10.4.5.1 South Korea CAD and PLM Software Market by Deployment
10.4.5.2 South Korea CAD and PLM Software Market by Application
10.4.6 China
10.4.6.1 China CAD and PLM Software Market by Deployment
10.4.6.2 China CAD and PLM Software Market by Application
10.4.7 India
10.4.7.1 India CAD and PLM Software Market by Deployment
10.4.7.2 India CAD and PLM Software Market by Application
10.4.8 Australia
10.4.8.1 Australia CAD and PLM Software Market by Deployment
10.4.8.2 Australia CAD and PLM Software Market by Application
10.4.9 Rest of Asia-Pacific
10.4.9.1 APAC CAD and PLM Software Market by Deployment
10.4.9.2 APAC CAD and PLM Software Market by Application
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa CAD and PLM Software Market by Country
10.5.2 The Middle East & Africa CAD and PLM Software Market by Deployment
10.5.3 The Middle East & Africa CAD and PLM Software Market by Application
10.5.4 Israel
10.5.4.1 Israel CAD and PLM Software Market by Deployment
10.5.4.2 Israel CAD and PLM Software Market by Application
10.5.5 UAE
10.5.5.1 UAE CAD and PLM Software Market by Deployment
10.5.5.2 UAE CAD and PLM Software Market by Application
10.5.6 South Africa
10.5.6.1 South Africa CAD and PLM Software Market by Deployment
10.5.6.2 South Africa CAD and PLM Software Market by Application
10.5.7 Rest of Middle East & Africa
10.5.7.1 Rest of Middle East & Asia CAD and PLM Software Market by Deployment
10.5.7.2 Rest of Middle East & Asia CAD and PLM Software Market by Application
10.6 Latin America
10.6.1 Latin America CAD and PLM Software Market by Country
10.6.2 Latin America CAD and PLM Software Market by Deployment
10.6.3 Latin America CAD and PLM Software Market by Application
10.6.4 brazil
10.6.4.1 Brazil CAD and PLM Software Market by Deployment
10.6.4.2 Brazil Africa CAD and PLM Software Market by Application
10.6.5 Argentina
10.6.5.1 Argentina CAD and PLM Software Market by Deployment
10.6.5.2 Argentina CAD and PLM Software Market by Application
10.6.6 Rest of Latin America
10.6.6.1 Rest of Latin America CAD and PLM Software Market by Deployment
10.6.6.2 Rest of Latin America CAD and PLM Software Market by Application
11. Company Profile
11.1 Autodesk Inc.
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 SAP SE
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Dassault Systems.
11.3.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 PTC Inc.
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Oracle Corporation
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Propel Software Solutions Inc.
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Simplify3D
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Siemens AG
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Blender
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Product/Services/Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Infor Inc.
11.10.1 Market Overview
11.10.2 Financials
11.10.3 Product/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. USE Cases and Best Practices
14. Conclusion
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