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Dublin, Feb. 11, 2022 (GLOBE NEWSWIRE) — The “US CAD Software Market Research Report – Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The US CAD software market value stood at $2,458.6 million in 2020, and it is expected to rise to $4,271.5 million by 2030, exhibiting a CAGR of 5.7% from 2020 to 2030.
The major factor driving the market is the surging usage of the CAD software in the packaging industry and automotive industry.
The US is home to several industries that were significantly affected because of the lockdown imposed by the government to control the spread of the COVID-19 infection. For example, the growth of the automotive industry slowed down massively because of the disruptions in the manufacturing and supply chain processes on account of the imposition of lockdowns and restrictions on the movement of people and goods.
This subsequently hampered the progress of the US computer-aided design software market as the demand for the software fell among automobile manufacturers.
The surging use of the CAD software in the automotive industry is fueling the progress of the industry.
Between 3D and 2D software, the demand for the former was higher during the last few years, and this …
Full story available on Benzinga.com
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