CAD market in APAC to reach USD 3.67 billion in revenue by 2020
Toronto, ON – 10th October, 2016: Wise Guy Reports has just forecasted that the CAD market in APAC will post a revenue of 3.67 billion by 2020.
To better understand this projection’s causes and effects, BluEnt has analyzed industry trends surrounding CAD in the Asia Pacific region and worldwide. Using this information, we will be able to develop strategies that cater to future market demand.
The Source of the Growth
The Asia Pacific has proven to be one of the fastest-growing regions for engineering software, partly because of its expanding construction field. This has boosted architectural projects.
According to a recent report by Transparency Market Research, drafting & 3D modeling are anticipated to be the most promising application in engineering software. Suppliers are already preparing to meet this demand as drafting jobs are expected to grow 13% by 2020.
However, it is worth noting that 3D modeling activities will be shared by sectors including entertainment, publishing, and geology, as well as construction and architecture.
The Future of 2D & 3D
Globally, 3D modeling usage is predicted to grow from 79% to 81% in the next 3-5 years based on the findings of Worldwide CAD Trends’ 2016 Survey. This establishes the field as a core but slow growth area worldwide, reinforcing its relative maturity in the market.
2D drafting is in a similar position. The same survey predicts a 1% increase in global usage to 70% over the next 3-5 years. Today, the use of 2D drafting in APAC is significantly lower than the global average at 42%, and is not expected to contribute as much to the CAD market revenue growth.
We expect that the lack of substantial growth in 2D drafting is a result of users diverting resources to 3D modeling. However, it is not likely that the latter will completely eclipse the former in the near future.
According to the survey, 39% of design work is in 2D drawings, 34% is in both 2D and 3D and 27% is in only 3D. Three-quarters of drafters feel that at least the same amount of effort should be put into improving 2D and 3D capabilities by CAD software providers.
This insight proves that though 3D modeling will most likely dominate the expansion of the CAD market in APAC, drafting companies should strive to continue innovating in 2D drafting services.
Ultimately, CAD growth in the Asia Pacific will impact the rest of the world. Globalization has created fierce competition for CAD solution companies, and the pressure is on to find the latest features and functionalities that will differentiate one service from the next.
As a leading full service drafting firm, BluEnt is in an excellent position to respond to the growth of CAD in the APAC region. Our international offices give us an edge that takes full advantage of globalization.
We have harnessed the shared knowledge of our widespread team to ensure that clients receive services that meet global standards of excellence. This combined with decades of professional experience in the field will guarantee our prominence in market share as the CAD market in Asia Pacific expands.
BluEnt Canada will benefit from this in a number of ways. First of all, we will be the among the first to learn from the innovative ideas and developments that emerge from BluEnt’s offices in APAC.
Our access to this insider knowledge will allow us to implement progressive techniques in North America long before the trends travel to the West.
In accordance with the insights we gathered above, BluEnt Canada will also continue to advance our services in both 3D modelling and 2D drafting to meet the stable international demand for both products.
Our philosophy of achieving the maximum possible value in cost-effective solutions will guide us in navigating the evolving international environment ahead.
Strategic Sourcing & Business Development Manager