Wednesday, April 27, 2022

Advancements in CAD and Need for Efficient Design Development and Optimization to Contribute to Growth of Computer Aided Design Market

 

Computer Aided Design Market Size Worth USD 14.96 Billion in 2028

Computer-aided design (CAD) is the use of computer-based software to streamline designing processes and is widely adopted by engineers and designers. CAD is often used for detailed engineering of 3D models and is utilized in the entire engineering processes – from conceptual design to definition of manufacturing methods. Recent advancements in computer-aided design and manufacturing (CAD/CAM) have improved and incorporated a wider range of functions as compared to conventional 2D pattern grading and includes 3D models and decoration designs. It can automate routine procedures, increase speed, enhance consistency, and enable design variations.

CAD systems aid in automating tasks in design and manufacturing wherein the information is passed from step to step in a computer-based format. Majority of clothing and shoe manufacturing businesses rapidly adopted CAD to organize and store patterns so that they could use and adapt them as and when needed to create novel styles over time. CAD systems, currently, have been upgraded to support multidepartment integration and access and are equipped with multiple functions including database management of patterns for access, editing, and storage, creation of specific products, access and storage of modular pieces for mass production and customization, grading functions to create pattern blocks, and connection to computerized cutting systems. CAD can streamline mass production product development processes and the technology is quick, accurate, and digitally connected with cutting technology. CAD enables prior reviewing of design quickly and allows engineers and designers to evaluate design and check accuracy by leveraging automated tolerancing and dimensioning routines to minimize chances of inaccuracy and errors. CAD also simplifies documentation of design and development of product data management (PDM) has enabled companies to make CAD available across departments on a computerized network which provides numerous benefits over conventional data management. With increasing pressure on companies to provide clients with customized solutions catering to their individual, personalized needs, PDM systems have enabled an increased level of teamwork among individuals working at different stages in product design and manufacturing, in turn, reducing costs that are associated with information lag and rework. CAD tools have gained significant traction over the recent past and it has become increasingly difficult to function in competitive engineering field without the assistance of this timesaving design tool.

In a recent news, Siemens collaborated with Hyundai shipbuilding group to develop a new computer-aided design (CAD) program that would enable and help shipyards accelerate transition to digital technologies and quicken digital transformation. The goal is to enable them to promote an autonomous smart shipyard by the year 2030. Siemens has partnered with two Hyundai shipbuilding units; Hyundai Samho Heavy Industries and Korea Shipbuilding & Offshore Engineering (KSOE) and would be creating a joint research study to develop a data platform that enables digital twin while accelerating digital transformation to help them gain a robust footing in the shipping industry. South Korean shipbuilders are working on developing smart ship technologies to radically improve ship design and operations and in turn minimize human errors that lead to marine accidents.

Prominent companies in the market include Autodesk, Inc., Ansys Inc., Dassault Systèmes, Bentley Systems, Incorporated, SmartDraw LLC, Seimens Digital Industries Software, Kubotek3D, Cadonix Ltd, PTC Inc., and Bricsys NV. In April 2022, Cloud CAD, which is a Chinese online collaborative computer-aided design (CAD) platform, announced it had raised over USD 1.55 million in a round of funding from angel investors. The funding will be used on product R&D, project operations, and expanding scope of Cloud CAD.

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