China's Booming CAD Market: Rise of Domestic Players, 3DCAD Leading the Future

China's Booming CAD Market: Rise of Domestic Players, 3DCAD Leading the Future

China's Booming CAD Market: Rise of Domestic Players, 3DCAD Leading the Future

A report released by IDC reveals that the Chinese CAD market reached a total revenue of 5.48 billion yuan in 2023, showcasing robust market vitality with a year-on-year growth rate of 12.8%. Domestic players achieved significant growth in this year, reaching a market share of 25%, an increase of 5% from the previous year, highlighting the rising momentum of the Chinese software industry.

The report shows that Dassault Systmes, Siemens, and Autodesk remain firmly in the top three positions in the Chinese CAD market, holding significant market share. Meanwhile, domestic companies like ZWSOFT, PTC, CADFORCE, and Huatian Software follow closely, ranking fourth to seventh, demonstrating strong competitiveness. Other typical service providers, such as Digital DAFO and XD Digital, have also achieved significant results in their respective segments, injecting more vitality into the Chinese CAD market.

It is noteworthy that the 3DCAD market reached a total revenue of 3.87 billion yuan in 2023, accounting for 70.6% of the Chinese CAD market, becoming a major driver of market growth. This market demands higher technical capabilities from manufacturers, requiring them to possess self-developed, commercially available, or open-source geometric modeling kernels, along with robust 3D geometric modeling capabilities and product stability. Dassault Systmes, Siemens, PTC, and ZWSOFT, among others, occupy prominent positions in this field, continuously innovating to meet market demands.

Despite the challenges faced by the industrial software market in 2023, the CAD market still demonstrates positive growth. On the one hand, existing manufacturers continue to challenge underlying core technologies, constantly improving product performance and functionality to maintain market competitiveness. On the other hand, domestic players have achieved high growth rates in overseas markets, showcasing their strong development potential. Although Chinese software going global faces numerous challenges, some Chinese CAD vendors have achieved overseas revenue of 20% to 30%, becoming a bright spot in the market.

To succeed in this highly competitive market, Chinese CAD vendors need to proactively consider and plan, developing clear development strategies. Product standardization is a crucial means of enhancing market competitiveness, effectively reducing R&D costs, improving product quality, and facilitating user experience. Developing a local ecosystem is also essential, enabling collaboration with partners to build a complete industrial chain and provide comprehensive services to users.

In conclusion, the Chinese CAD market is thriving, and the rise of domestic players has injected new vitality into the market. The 3DCAD market, as a major driver of market growth, will continue to attract more attention and investment from manufacturers. In the future, the Chinese CAD market will continue to maintain rapid growth, contributing to the development of the Chinese software industry.

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