Developments in modelling are to drive significant Computer Aided Design (CAD) growth in the Asia Pacific (APAC) market over the next four year period, according to new research.
A study published by Research and Markets has predicted market growth in the sector to reach a posted revenue of just over £3 billion by the year 2020, and has pointed to modelling as a key catalyst. The report, released earlier in the month, suggests that accuracy in the design and modelling processes of organisations from defence and aerospace to industrial and automotive is set to see improvements over the next few years, helping professionals such as architects, engineers and designers, and enhancing a wide variety of product development.
Using both the views of industry experts, and a deep market analysis, the research, entitled ‘CAD Market in APAC 2016-2020’, provides an overview of the market’s prospects for growth in the stated period, as well as the current CAD industry landscape.
Developments in computer modelling of 3D solids are going to be an important driver for growth going forward, according to the report. This is expected to include direct modelling and parametric modelling, which relates back to factors such as material surface, material density and dimensions. Designers are being increasingly wooed by the capability of dimensions control, the study says, and this will continue to make CAD popular as a business information modelling tool.
The report also looked at cloud computing, which has seen many businesses opt to use software as a service solutions as part of a new IT infrastructure. It is anticipated that implementation could provide a challenge for those migrating from old systems to cloud based infrastructures, and that there are some hurdles to overcome when it comes to data security using cloud storage.
Research and Markets has outlined the major APAC CAD market sectors as follows: aerospace and defence; automotive industry, electrical and electronics industry; and others. The “shift from a perpetual license model to subscription model” has also been highlighted as a factor in the predicted growth.
This positive news and demonstration of CAD’s increasing popularity comes after a 2014 report which names APAC as the strongest region for the CAD market in terms of growth. Global Industry Analysts estimated the global market would be worth just over £6 billion by the year 2022, with the growth in the APAC region one of the influencers, while the United States was found to be the largest market.
Similar to the findings of October’s Research and Markets report, the Global Industry Analysts study identified 3D modelling as one of the drivers for the market: “CAD is driven by the continuous focus on improving engineering productivity by accelerating product design processes, growing adoption of 3D CAD in product lifecycle management (PLM) solutions, and increased acceptance of 3D printing. Adoption of 3D CAD is largely driven by the technology’s numerous benefits including reduced downstream errors, lower chances of misinterpretation and elimination of design ambiguity.”
3D visualisation tools are expected to benefit from the growing utilisation of the Internet of Things (IoT) – the exploitation of several internet enabled devices to capture and exchange data, leaving the door open for many sales and marketing possibilities, or in this case, design.
The growing complexity evident in medical devices is another area in which CAD could be of benefit for the task of designing commercially successful products, the research has shown. Along with healthcare, jewellery and film making were picked out as being examples of two industries that have turned to CAD in the industry’s US heartland, underlining the wide mix of sectors that are enhancing production processes using the technology.
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