How is Auto cad Market ?
Computer-aided design (CAD) is a software tool for modeling and designing products and components with ease and accuracy. The software package helps engineers, architects, and other design professionals to digitally prototype products prior to production, and draft industry-specific products. The automotive, aerospace and defense, industrial machinery, and electrical and electronics industries use CAD solutions. These solutions enable end-users to digitally prototype their products before production.
The global CAD software market was valued at $8,325.0 million in 2017 and is forecasted to witness a CAGR of 6.6% during 2018–2023. Growing demand for precise simulation, designing, and prototyping in industries such as automotive, manufacturing, defense, and dentistry is driving the growth of the CAD software market. Moreover, hobbyists and designers in domains such as arts, and media and entertainment are increasingly using the software to enhance their designs and eliminate the need for manual drafting, thereby reducing the time taken in the designing process. .
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