Automotive Design Software Market

Automotive Design Software: Introduction

• Automotive design software, or CAD (Computer Aided Design) software, are crucial in creating 3D part design, 2D part design, sheet metal parts, 3D and 2D surface parts, and assembly design. There are several CAD software, such as CATIA, Creo Parametric, SolidWorks, Alias, Rhino, and Autodesk Inventor, which are widely used in the automotive industry as per the requirement of product development.
• CAD software provides a comprehensive solution for designing, shaping, and managing the integration of chassis and powertrains and interior design into the automotive product development.

Key Drivers of Global Automotive Design Software Market:

• Rapid development in vehicle technology and continuously changing design requirements are increasing the demand for automotive design software. The need to manufacture fuel-efficient vehicles requires the aerodynamic design development of vehicles by using design software. The design departments of major OEMs and manufacturers are continuously focused on their in-house design process. For instance, the design and production teams within the Aston Martin Design Digital Group studio have standardized on one tool, ‘Autodesk- Alias’. Other companies such as Tesla Inc. and Lucid Motors also use Autodesk-Alias software.
• CAD software such as Creo Parametric enable designers to rapidly simulate the entire design and manufacturing process and to figure-out where errors and flaws may occur
• Rise in trend of electrification of vehicles has boost the demand for reduction of vehicle weight in order to gain more range per charge for vehicle. Therefore, adoption of vehicle surface and interior design solutions to reduce the weight of EVs drive the automotive design software market.

Restraints of Global Automotive Design Software Market:

• New automotive design software comes with a high production cost and subsequently, the purchase and installation cost is also higher for new systems. This in turn hampers the global automotive design software market.

Opportunities in Global Automotive Design Software Market:

• Advancement in technologies have prompted car design studios to take advantage of trends such as virtual reality (VR), augmented reality (AR), real-time clay modelling, generative design, and machine learning to stay competitive in the rapidly changing auto industry. Future automotive technologies such as connected, autonomous, shared and electric (CASE) mobility are likely to offer significant growth opportunity for the global automotive design software market.
• Manufacturers are also working to reduce curb weight in order to improve power-to-weight ratios to enhance the performance and efficiency. Some automakers are emphasizing on aerodynamics, interior space, and visual appeal. From the technology trend to design trend, the primary demand for optimum fuel efficiency with comfort in vehicle creates considerable opportunities for the automotive design software market.

Regional Outlook of Global Automotive Design Software Market

• North America and Europe are anticipated to hold significant share of the global automotive design software market. The presence of several world-class automotive original equipment manufacturers (OEMs) and suppliers in North America and Europe are likely to fuel the demand for automotive design software in the respective regions. Moreover, partnerships among major players in these region are estimated to leverage market growth. For instance, Ford and Volkswagen initially announced a long collaboration on electric and autonomous vehicles in 2019.  According to Ford, it expects to produce over 1.2 million electric vehicles by using Volkswagen’s platform for six years starting from 2023. Furthermore, BMW and Jaguar Land Rover announced to jointly develop next-generation electric powertrains in Munich. The market in Asia Pacific is growing at a rapid pace owing to rise in automotive production and sales. Major countries in Asia such as China, Japan, India, and South Korea are expected to contribute to the rapid expansion of the market for automotive design software in APAC during the forecast period.

Key Players Operating in Global Automotive Design Software Market:

Key players operating in the global automotive design software market are mentioned as below:

• Dassault Systems
• PTC
• Autodesk
• Robert McNeel & Associates
• ICEM Ltd.
• The Foundry Visionmongers
• Siemens PLM Software
• UGS Corporation
• Lumiscaphe
• Pixologic Inc.
• Pantone LLC

Global Automotive Design Software Market, Research Scope

Global Automotive Design Software Market, by Contract

• Insource
• Outsource

Global Automotive Design Software Market, by Application

• Passenger cars
• Commercial vehicles

Global Automotive Design Software Market, by End-use

• Commercial Use
• Educational Use

Global Automotive Design Software Market, by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic Region
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • Turkey
  • South Africa
  • Rest of Middle East & Africa