According to the 2012 CAD Report conducted by Jon Peddie Research (JPR), things are finally looking up for the worldwide CAD market. After weathering consecutive years of recession, the report says the CAD market has proven to be dynamic and is now expanding in new directions. Let’s take a look at some of the important trends affecting the growth of the CAD market.
Growth resumes. After the recessionary market slowdown in 2008-2009, it seems that all markets are picking up, especially in Asia, India, Latin America, Africa, and the Middle East.
Uncertainty lingers. In the near term, JPR projects slow growth in several markets as economic uncertainty in the U.S. and Europe thwart the recovery. Market hit the hardest will be the AEC market
New platform, distribution models boost market. New opportunities opened up by cloud computing, apps and tablets give CAD vendors an opening to provide high-volume, low-cost, consumer-like apps along with new ways to offer boutique services to valued subscription customers.
Lean companies begin retooling. As leaner and more efficient organizations begin the rebuild process after years of recession, they will look for ways to retool their business to improve operating efficiencies.
According to the 2012 CAD Report, the CAD market grew from $6 billion in 2010 to an estimated $7 billion in 2011. The report takes a look at both 2D and 3D CAD. Though the use of 3D CAD has grown, the reports shows that in 2010, CAD revenues were split with 60% of revenues accrued from the sale of 3D tools, and 40% from 2D tools. The report shows that there were several new entrants in the market that have a strong focus on 2D CAD. The overall market for 2D CAD tools was $2 billion in 2010.
The 3D CAD market, however, has recovered faster from the recession, which affected the CAD market most dramatically in 2008-2009. The report says that 2010 saw a good recovery in the CAD market, but 2011 has seen a slowdown in response to current economic trends. The market in Asia and emerging markets is growing at a faster pace than the Western markets. Growth in the Americas will be driven by Latin America, especially Brazil, but also other Latin American countries including Chile, Peru, and Columbia. This shift is happening rapidly.
Looking ahead, the report projects that the return to growth in the CAD software market is likely to slow in through 2013, as problems in the U.S. and European economies hold back growth. Growth, however, will continue in China, India, and other emerging markets. JPR predicts that growth in the overall CAD market will pick up after 2012.
Among the various CAD markets, the manufacturing segment is poised to return to growth relatively quickly, thanks to emerging markets and hard work on the part of manufacturing companies to recover efficiencies. Data from EuroStat, the Directorate-General of the European Commission, shows manufacturing to be on the upswing, and in fact, did not turn down as sharply in Europe as it did in the U.S.
Several other trends, including the increase in cloud computing platforms and the growth in tablet computing, will all have positive effects on the market as it opens up more avenues for revenue. The report includes a list of CAD-related software that has been ported to tablets and predicts the number of these apps will only increase.
The 80-Page 2010 CAD Report, which also includes a forecast for the CAD industry between 2012-2016, can be purchased through the JPR web site for $5,000 with a 10% discount to subscribers to JPR’s bi-weekly industry report, TechWatch.
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