After suffering more than most in the IT industry because of the 2008-2009 recession, the computer aided design (CAD) industry is showing signs of recovery.
That’s according to analyst firm Jon Peddie Research (JPR), which released its report on the CAD sector from 2010 to 2014.
CAD tools are used in architecture, manufacture, factor design, assembly, tool design, mapping and geographical systems, and according to JPR “recovery is decidely uneven”.
The building industry was first to feel the recession pain and is set to be the slowest to recover. But the automotive industry is on the up, even though cars crashed badly during 2009.
In 2009, the CAD software market was $5 billion, a drop of 23 percent compared to the year before – all the relevant industries across the world felt the hurt.
JPR believes 200,000 people left the CAD industry as a result of the recession. But there are new opportunities in all segments. The CAD market will grow this year to $5.4 billion, five percent up compared to 2009 and will fully recover by 2013 or 2014, JPR estimates.
In 2013 the industry will be worth in US millions of dollars $6,716. In 2014 the industry will be worth US millions of dollars $7,521.57.