“India has witnessed a 257% growth in GDP between 2004-05 and 2018-19.”, claims Invest India, a government agency. This directly reflects the growth in the manufacturing industry of the country and all of its subsectors, including automotive and auto components and capital goods. Earlier, models of the goods to be manufactured as well as the production equipment were drawn on paper by hand, which is a long and tiring process. But, with time and the technological revolution sweeping the nation, the usage of computer-aided designing (CAD) is rising here.
This is why P&S Intelligence has forecast an 8.2% growth in the Indian CAD software market between 2020 and 2025, whereby the revenue garnered by software vendors will likely rise from $445.6 million in 2019 to $696.9 million by 2025. The software not only allows for the creation of 2D and 3D designs but also for their analysis, modification, and realistic simulation. This is why the usage of CAD is especially high for prototyping and testing purposes, before the design is put into mass production.
Apart from manufacturing, a diverse array of industries in India use CAD software, including engineering, construction, aerospace and defense, architecture, automotive, healthcare, media and entertainment, education, pharmaceuticals, arts, and chemicals. Among these, the usage of the software would likely pick up rapidly in the architecture and construction sectors, on account of the rising infrastructure development activities in the country. As per Invest India, “By 2025, Construction market in India is expected to emerge as the third largest globally.”
This would be driven by the rising population and public and private investments, including those coming via the foreign direct investment (FDI) route. CAD is used to create designs, ranging from that of a single steel rod to those of entire townships. These designs are modified and extensively analyzed before construction starts. Additionally, CAD is also used to design and improve construction equipment depending on the requirement of the project. With the Indian government pursuing the construction of 100 smart cities, the usage of CAD software to design such intelligent infrastructure will rise.
Now, even though almost every industry in the country uses this software, not everyone is well-versed in it. Every project design and execution team has members who are technically inclined and those who aren’t. This is why 3D CAD software enjoys a wider penetration in India than 2D software. With 3D software, collaboration between the technical and non-technical staff becomes easier. In addition, this type of software allows for the creation of realistic and accurate designs in less time, which, in turn, leads to time and cost savings, thereby offering end users competitive advantages.
Since Maharashtra contributes the most to India’s GDP, specifically 14.3% in 2019, its demand for this software would rise the fastest in the country. The growth of the Indian CAD software market in the state is primarily owed to its productive technology, manufacturing, trade, and finance industries. Additionally, the Maharashtra Industrial Policy 2019 aims to boost infrastructure development in the state. For instance, large portions of the extensive Delhi–Mumbai Industrial Corridor, Delhi-Mumbai Expressway, Mumbai¬–Ahmedabad bullet train line, and Western Dedicated Freight Corridor lie in Maharashtra, all of which are drawing massive infra investments.
Hence, with the growth in varied industries, the demand for CAD software will increase in India.