Frost Radar – Which Megatrends Fuel Growth in the Mechanical Computer-Aided Design Industry?
A benchmarking system to spark companies to action—innovation that fuels new deal flow and growth pipelines
Overview
The Frost Radar™ on mechanical computer-aided design (MCAD) offers a competitive benchmark analysis derived from Frost & Sullivan’s CAD Growth Opportunities analysis. It ranks eight companies on their growth potential and ability to innovate.
MCAD revenue amounted to $6.4 billion in 2023. Frost & Sullivan expects revenue to reach $10.46 billion by 2030 at a compound annual growth rate of 7.3%. Drivers include the presence of smart products across industries that place complex demands on vendors regarding mechanical and electronic CAD integration; the demand to reduce products’ environmental impact (a process in which the design stage plays a key role); and new technologies, such as generative design and additive manufacturing, that are disrupting product design. Affordable and flexible SaaS deployment allows vendors to reach new landscapes and niches.
- How can companies leverage emerging technologies such as generative design and additive manufacturing to accelerate growth in the MCAD landscape?
- What role do smart products across industries play in driving the growth potential for MCAD vendors?
- What best practices should MCAD vendors adopt to stay ahead in a concentrated landscape?
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