Game-Changing Trends in the Computer Aided Design Market
Long before computer aided design (CAD) went mainstream, any design or prototype development work had to be done manually. It was a tedious and time-consuming process which had a high rate of errors thereby increasing the design cost. The advent of computer aided design came as a boon for all designers, engineers, architects, and artists. […]
Long before computer aided design (CAD) went mainstream, any design or prototype development work had to be done manually. It was a tedious and time-consuming process which had a high rate of errors thereby increasing the design cost. The advent of computer aided design came as a boon for all designers, engineers, architects, and artists. The CAD software has almost replaced all the paper-based drawing. Since it simplifies the entire design process by digitizing it, even small-scale designers are making use of free computer aided design software to get their task done. Although the CAD market is growing at a steady rate of 7%, the emergence of new technologies is expected to drive the widespread adoption of such computer-aided technologies.
IoT Capabilities in Industrial Applications
The increasing adoption of IoT in industrial applications is increasing accuracy and efficiency of machines. The rising adoption of IoT in industrial machines enables the designers to get direct insights about the performance of designed components and thereby aiding them in the innovating more compelling designs. For instance, Fusion Connect, a non-coding IoT cloud service by Autodesk, leverages connection of the machines with the CAD software package for enabling better analysis, insights, and management of products.
VR Capabilities in CAD
VR technology can be looked onto as an evolved form of CAD designs. While CAD provides the design blueprint, VR technology can recreate the blueprint in the real life-like virtual projection of the object. Additionally, it enables designers to scale various components of design concerning other virtual objects. The VR technology also significantly reduces the cost of production involved in the prototyping stages.
Emergence of 4D CAD Software Applications
4D CAD or 4D BIM is a big leap in the field of computer-aided technology. Such blueprint drawing software enables integration of scheduling tools in the computer aided design software application itself. Such software application improves the decision process by facilitating rapid prototyping and assisting in the analysis of alternative schedule proposals.
Increasing Industry Consolidation
The global CAD market landscape is witnessing dynamic shifts due to constant innovation in techniques and technology. In a bid to remain competitive, CAD vendors are entering into mergers, acquisitions, and integrations with other organizations. Such agreements help the current CAD vendor to acquire the expertise of other existing vendors and create unique competencies and improve their core CAD platforms. For instance, Autodesk has acquired numerous small players to integrate new technology and knowledge assets in its offerings.
Read more about the top trends in the computer aided design market along with key suppliers, supply market landscape, strategic purchasing, pricing trends, and procurement insights in SpendEdge’s upcoming report on the global computer aided design market.