India CAD Software Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)

Market Overview

The Indian CAD software market generated USD 617.6 million revenue in 2023, and it is projected to witness a CAGR of 9.3% during 2024-2030, reaching USD 1,144.9 million by 2030.

The main drivers for this market growth include the rising consumption of CAD software by the construction industry, the increasing demand for smart manufacturing, the need for quick representation and improved technical quality persist, and the increasing demand for quality and precise designs.

One of the critical must-watch trends in the Indian CAD software market is the shift to subscription-based licenses for users as against the traditional perpetual licensing mode. The costs that are linked to the traditional service licensing model mean that small and medium enterprises (SME) which as a rule the have a shortage of their IT budgets often fail to integrate such software into their work processes.

The expanding construction sector of the country is, among all the factors, the one that is positively influencing the growth of the CAD software industry of India. Firstly, this lies in factors which are most likely the increasing governmental plans intended to be providing the facilitation of the infrastructure development and also the soaring amount of foreign direct investment (FDI). There is a tremendous opportunity for CAD software to create more appurtenant designs, achieve high level measurements with precision, detect and eliminate design flaws, and execute comprehensive analysis of designs.

Key Insights

In 2023, the 3D software category held a 65% industry share and the category is also projected to witness fastest growth during the projection period.

The category is boosted by 3D CAD's rapid design abilities, precise and realistic 3D drawings, and time/cost savings.

Eases effective collaboration with clienteles and non-technical colleagues, offering competitive advantages.

Acceptance of 3D CAD software allows design automation, optimization, performance validation, 3D printing support, and fast client sanctions on project proposals.

The solid model is the largest category, with a market share of around 45% in 2023, and it is expected to witness the fastest growth during the forecast period.

It is essential for manufacturing and assembly of parts with all features included and providing precise input to advanced simulation and visualization software.

Parametric modeling is a basis for version recording and alteration at the stage of mode development and modifying.

Advantages of solid modeling involve comprehensive product representation, simplicity of mass making, exact product data, as well as fast designing.

In 2023, the cloud category had a 75% industry share, estimated for fast growth because of surged internet usage and awareness of its ease of use and data access.

Cost lessening through cloud-based subscription models, shifting from high-end hardware to shared services.

Users pay only for needed services without hardware purchase, driving high demand.

Official license category dominated with an 80% market share in 2023, attributed to:

Large enterprises accounted for 70% market share in 2023, driven by:

Increased CAD software use in established industries like construction, healthcare, automotive, and aerospace.

Benefits like improved efficiency, product quality, precision, team communication, and longer product life.

SMEs category expected to grow at 9.5% CAGR from 2024 to 2030 due to:

Affordable and user-friendly CAD solutions meeting SMEs' needs.

Architecture category to record the highest CAGR of 9.6% from 2024 to 2030 due to:

Increasing architectural projects, especially for residential properties.

Maharashtra's CAD software demand to grow at 9.8% CAGR from 2024-2030, holding the largest market share in the country.

Rising along with GDP growth rates, and considered to be core to the state's prosperity, the state now relies on manufacturing, technologies, trade, and finance sectors.

There is thriving of large engineering and construction companies, increasing adoption of technology innovative product design and higher-level manufacturing electrical components mark growth.

Additionally, to demand in infrastructure projects in Maharashtra creates higher demand for CAD software.