subject: CAD SERVICES: Leaving the Recession Behind [print this page] CAD SERVICES: Leaving the Recession Behind
Late 1980's saw the advancement of a peculiar fad of easily available Computer Aided Design programs that could be used on personal computers.
Off late, according to JPR Report the CAD industry is back on the recovery track since it was hit by recession in 2008-2009. Now, CAD industry is recuperating along with the world economics. Since CAD tools are used in multiple domains i.e. in Architecture, Structures, MEP and Mechanical, the recovery is apparently uneven. For e.g. the structural world was the first to feel the pinch during the economic meltdown and apparently is the last to recover, where as the automotive industry was the last realize the slowdown.
The estimation of CAD software in year 2008 was $6.7 billion. Year 2009 saw 23% decline compared to 2008 resulting in $5 billion. For many companies this phase of recession had served as a preparatory phase to equip oneself with the advanced technologies while also retraining workers on their skill front. On the other hand, this situation is also driving many CAD operators or CAD drafters lurking out for new job opportunities.
The JPR report' estimates that around 200, 000 workers have left the CAD industry worldwide and in years to come, there will be increased job opportunities for CAD workers who can benefit from the new software abilities to enhance their companies' effectiveness. In the architectural realm, people who can assist their companies to shift to Building Information Management will be in a position get openings in their hands.
As workers are developing interest in creating their own visualization, rendering has turned out to be one of the mainstream capabilities.
Since last 10 years, Jon Peddie Research has been covering the CAD market evolution and has been reporting the forecast, company market stake, topographies, market segments, and end users.
The latest report covers the scenario of the world market recuperating from the worldwide recession. CAD being a vital tool in numerous industries including construction, architecture, aerospace/automotive, power and process to name a few; is extremely vulnerable to economic influences. Nevertheless 2009 was a very difficult year; it was followed by a period of expansion. All of a sudden, budding companies have been ramping up their factories, people have been moving from the countryside to the city, and the world is becoming aware of the need for greener technologies. In addition to that, businesses have been making the shift to more powerful computers and more resourceful workflows. Nothing has stopped dead during the recession phase and in fact there have been companies who have started spending in new technologies.
It's estimated that by the end of 2010, the CAD market will leap to $5.4 billion, a decent increase of 5%. And the CAD market is expected to fully pick up by 2013/2014.
