The USD/CAD exchange rate fell to 1.3598 on July 23, 2025, down 0.05% from the previous session. Over the past month, the Canadian Dollar has strengthened 0.93%, and is up by 1.55% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on July of 2025.

The U.S. dollar to Canadian dollar exchange rate history shows a decline since 2020, although figures picked up substantially since mid-2022. By July 22, 2025, one U.S. dollar could buy roughly 1.37 Canadian dollars.

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (DEXCAUS) from 1971-01-04 to 2025-07-18 about Canada, exchange rate, currency, rate, and USA.

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

Canada CA: Purchasing Power Parity: National Currency per USD data was reported at 1.178 USD/CAD in Dec 2026. This records a decrease from the previous number of 1.178 USD/CAD for Sep 2026. Canada CA: Purchasing Power Parity: National Currency per USD data is updated quarterly, averaging 1.193 USD/CAD from Mar 1961 (Median) to Dec 2026, with 264 observations. The data reached an all-time high of 1.254 USD/CAD in Sep 2015 and a record low of 0.878 USD/CAD in Mar 1962. Canada CA: Purchasing Power Parity: National Currency per USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Exchange Rate: Forecast: OECD Member: Quarterly. PPP - Purchasing power parity, national currency per USD

According to Cognitive Market Research, The global CAD market size is USD 10215.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America CAD Market held 40% of global revenue. With a market size of USD 4086.08 million in 2024, it will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe CAD is projected to expand at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 3064.56 million.
Asia Pacific CAD Market held 23% of the global revenue with a market size of USD 2349.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America's CAD Market held 5% of the global revenue with a market size of USD 510.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa CAD Market held 2% of the global revenue with a market size of USD 204.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The CAD software market is segmented based on functionality, deployment model, application, and region. Functional segments include 2D drafting, 3D modeling, and simulation software. Deployment models range from on-premises to cloud-based solutions. Application segments cover industries like automotive, aerospace, architecture, and healthcare, with regions influencing market dynamics.
Including technological advancements, increasing demand for 3D modeling, globalization of manufacturing, rising adoption of cloud-based CAD solutions 

Including Technological Advancements to Boost the CAD Market

Technological advancements serve as a primary driver propelling growth in the CAD market. These innovations continuously enhance the capabilities and efficiency of CAD software, fostering increased adoption across various industries. Advancements such as the integration of virtual reality (V.R.) and augmented reality (A.R.) functionalities provide immersive design experiences, enabling engineers and designers to visualize and iterate on designs more effectively.

Additionally, the evolution of cloud computing has facilitated the development of cloud-based CAD solutions, offering scalability, flexibility, and collaboration capabilities previously unavailable with traditional on-premises software. Furthermore, the emergence of generative design, powered by artificial intelligence (A.I.) and machine learning algorithms, automates the iterative design process, enabling the creation of highly optimized and innovative designs.

Increasing Demand for 3D Modeling to Boost the Market

The increasing demand for 3D modeling is a significant driver in the CAD market due to its ability to provide more accurate representations of designs and products compared to traditional 2D drawings. 3D modeling allows for more comprehensive visualization of objects, enabling designers to detect and rectify potential flaws early in the design process, thus reducing errors and minimizing costly redesigns during manufacturing.

Moreover, 3D modeling facilitates better communication among stakeholders by presenting designs in a more intuitive and lifelike manner, enhancing collaboration and decision-making throughout the product development lifecycle. This technology also supports the creation of photorealistic renderings and virtual prototypes, enabling designers to showcase their concepts more effectively to clients and investors.

Market Restraints of the CAD

Include High Initial Investment Costs in to Limit CAD market 

The CAD market encounters a constraint rooted in the limited stability and shelf life of certain reagents, subtly influencing sales dynamics. Some reagents, inherently susceptible to factors like degradation or contamination, exhibit a finite shelf life, necessitating vigilant management. While this characteristic is inherent to the nature of specific biochemical compounds, it does pose challenges in terms of storage, handling, and logistics.

The nuanced impact of limited stability becomes evident in the meticulous considerations required to maintain optimal conditions throughout the supply chain. Researchers and laboratories, conscientious of these limitations, need to strategize their usage and storage, contributing to a nuanced dance i...

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APAC CAD Market Size 2024-2028

The apac cad market size is forecast to increase by USD 1.97 billion at a CAGR of 8.5% between 2023 and 2028.

The Computer-Aided Design (CAD) market in the Asia Pacific (APAC) region is experiencing significant growth, driven by the shift towards subscription-based business models and the integration of advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR) into CAD solutions. This transition from traditional licensed models to more flexible subscription plans is enabling smaller firms and startups to access CAD tools more affordably, broadening the market base. Moreover, the rapid adoption of CAD technology in industries like manufacturing, construction, and architecture is fueling market expansion. The use of pirated software, however, poses a significant challenge to market growth. Despite this, the market presents ample opportunities for companies seeking to capitalize on the region's economic growth and increasing digitalization. Strategic collaborations, product innovations, and after-sales services can help businesses navigate this competitive landscape and maintain a strong market presence. Companies can also explore partnerships with local players to navigate cultural nuances and regulatory complexities, ensuring long-term success in the APAC CAD market.

What will be the size of the APAC CAD Market during the forecast period?

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The Computer-Aided Design (CAD) market, encompassing 3D CAD and smart design technologies, is experiencing significant growth driven by advancements in digital technology. Machine learning algorithms are propelling faster production and more accurate designs in various industries, including construction, mechanical designing, healthcare, and infrastructure development. Smart manufacturing processes, such as those utilizing VR and AR, are revolutionizing design documentation and product layouts. Additionally, cloud-based CAD solutions are gaining traction due to their flexibility and accessibility. Furthermore, the integration of digital technology in EDA and additive manufacturing is streamlining the design process. Overall, the CAD software and services market is evolving to meet the demands of modern business needs. Smart design technologies, including machine learning and virtual reality, are transforming the way businesses approach design and manufacturing, enabling more efficient and accurate processes. Cloud-based CAD solutions offer flexibility and accessibility, making it easier for businesses to collaborate and produce designs from anywhere. The integration of digital technology in industries such as construction, mechanical designing, healthcare, and infrastructure development is driving innovation and improving productivity. Smart manufacturing processes, utilizing technologies such as virtual reality and augmented reality, are revolutionizing design documentation and product layouts, leading to more efficient and accurate production. The use of computer-aided design software and services is essential for businesses seeking to remain competitive in today's market. From mechanical designing to electronic design automation, accurate designs are the foundation for successful product development. The integration of digital technology, including machine learning and cloud-based solutions, is enabling businesses to streamline their design processes and improve productivity.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userAerospace and defense industryAutomotive industryElectrical and electronics industryOthersGeographyAPACChinaIndiaJapanSouth Korea

By End-user Insights

The aerospace and defense industry segment is estimated to witness significant growth during the forecast period.

In the dynamic APAC market, Computer-Aided Design (CAD) plays a pivotal role in various industries, including aerospace and defense. CAD software is instrumental in designing ammunitions and aircraft structures within this sector. The growth of the market is fueled by several factors. Operational efficiency, cost reduction, compliance standards, product efficiency, and resource management are key drivers in the manufacturing value chain of the aerospace industry. The aerospace and defense industry in APAC continues to expand, with sales increasing despite political and economic uncertainties. The increasing demand for mobility and the replacement of traditional fuel-consuming aircraft with the latest low-noise, fuel-saving models are major growth drivers for the aviation industry in APAC. Additionally, sectors like infrastructure development, mechatronics, electrical and electronics, and healthcare are experiencing signi

South America Electrical CAD market size is USD 112.56 million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.90% from 2024 to 2031.

According to Cognitive Market Research, the global general purpose CAD software market size is USD 16251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 6500.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4875.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3737.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 812.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 325.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The cloud based held the highest general purpose CAD software market revenue share in 2024.

Market Dynamics of General purpose CAD software Market

Key Drivers for General purpose CAD software Market

Continuous improvements in CAD software capabilities to increase the demand globally

Continuous improvements in CAD software capabilities are significantly boosting global demand. Advanced features such as enhanced 3D modeling, simulation, and rendering allow for more precise and intricate designs, catering to diverse industry needs. Integration with emerging technologies like artificial intelligence (AI) and machine learning (ML) provides automated design suggestions and predictive analytics, streamlining the design process and reducing errors. Additionally, the incorporation of cloud computing facilitates real-time collaboration and remote access, increasing efficiency and flexibility for global teams. These innovations also support complex projects in fields like aerospace, automotive, and construction, where precision and accuracy are paramount. As CAD software becomes more powerful and user-friendly, its adoption across various sectors and geographies continues to rise, driving market growth and technological advancement.

Increasing adoption of cloud-based solutions for CAD software to propel market growth

The increasing adoption of cloud-based solutions for CAD software is driving substantial market growth. Cloud-based CAD platforms offer significant advantages, including remote accessibility, enabling design teams to collaborate in real-time from any location. This flexibility is particularly beneficial for global companies with distributed teams. Cloud solutions also provide scalable resources, allowing businesses to adjust their usage based on project demands, thereby optimizing costs. Furthermore, cloud-based CAD software reduces the need for expensive hardware, as processing power and storage are managed off-site. Enhanced security features and regular updates ensure that users have access to the latest tools and protections without the burden of manual installations. These benefits collectively make cloud-based CAD solutions an attractive option, accelerating their adoption and propelling market expansion.

Restraint Factor for the General purpose CAD software Market

Complexity and Learning Curve to Limit the Sales

The complexity and steep learning curve of advanced CAD software can limit its sales, particularly among smaller businesses and individual users. High-end CAD tools often require specialized training and significant time investment to master, posing a barrier for those without extensive technical backgrounds. This complexity can deter potential users who seek straightforward, user-friendly solutions. Additionally, the need for ongoing education and skill development to keep pace with software updates and new features can be daunting. Companies may also face challenges integrating complex CAD systems into their existing workflows, further hindering adoption. Consequently, the perceived difficulty and resource commitment associated with learning and effectively using advanced CAD software can restrict its market reach, especially in sectors or regions with limited access to training resources.

Impact of Covid-...

Dive into Market Research Intellect's Cad In Apparel Market Report, valued at USD 12.5 billion in 2024, and forecast to reach USD 20.3 billion by 2033, growing at a CAGR of 6.9% from 2026 to 2033.

Canada recorded a Current Account deficit of 2100 CAD Million in the first quarter of 2025. This dataset provides - Canada Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The North America dental CAD/CAM materials and systems market attained a value of nearly USD 934.85 Million in 2024. The market is projected to grow at a CAGR of 9.20% between 2025-2034 to reach a value of around USD 2254.07 Million by 2034.

Get key insights from Market Research Intellect's Cloud-Based CAD Software Market Report, valued at USD 3.2 billion in 2024, and forecast to grow to USD 7.1 billion by 2033, with a CAGR of 10.3% (2026-2033).

The Gross Domestic Product (GDP) in Canada was worth 2241.25 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Canada represents 2.11 percent of the world economy. This dataset provides - Canada GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Snapshot img { margin: 10px !important; } Computer-Aided Design Market in the Civil and Construction Industry Size 2024-2028

The Computer-Aided Design Market in the Civil and Construction Industry size is estimated to grow by USD 1.36 billion, at a CAGR of 6.78% between 2023 and 2028. The growth of the market depends on several factors including the growing need to automate the design development processes, the growth of the global construction industry and the increasing need for a reduction in design time. CAD software in the civil and construction industry is designed for contractors, builders, engineers, and architects to design their projects. This kind of software serves as a tool for designing mechanical designs and their documentation. This type of software is a tool that is used to design mechanical design and documentation. It is an alternative method for manual drafting and an automated method of mechanical designing or structural design.

The research report on the CAD market in the civil and construction industry offers industry forecasts and segmentation based on component including software and services. It also segments the market by product, which comprises both 3D design and 2D design. Geographically, the report covers North America, Europe, APAC, South America, and the Middle East and Africa. The market size, historical data (2018-2022), and future forecasts are presented in terms of value (in USD billion) for all these mentioned segments.

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Market Dynamics

The market in the civil and construction industry is witnessing a transformative shift with the integration of advanced design tools and electronic design automation (EDA). Computer aided design (CAD) solutions, especially cloud-based offerings, are becoming indispensable for architects, engineers, and designers. These tools leverage smart design technologies, augmented reality (AR), and virtual reality (VR) to enhance the design review process and visualize complex models in 3D settings. CAD software's adaptability supports diverse applications in product layouts, conceptual design, and assembly processes, optimizing manufacturing and development processes. Furthermore, CAD solutions play a crucial role in generating environment-based impact reports, essential for assessing sustainability in construction projects. As IoT and 2D functionalities continue to evolve, CAD remains a valuable asset in streamlining workflows and improving efficiency across the industry.

Key Market Driver

The growth of the global construction industry is notably driving the market growth. The global construction industry has experienced drastic changes in the past decade. Developed economies such as the US and the UK are currently facing the problem of ageing infrastructure. Maintenance and restoration operations, along with a shift to sustainable building development and retrofitting practices, are driving the growth of the construction market in these countries. Moreover, green and sustainable building developments have garnered significant investments and technological innovations. The overall development of the world economy is supporting the growth of the global construction industry. Governments of various countries like India, Saudi Arabia, and Qatar are investing heavily in the development of smart cities.

However, smart cities provide better transportation facilities, smart grids, improved healthcare facilities, advanced technologies, and enhanced traffic management systems. For example, the Government of Saudi Arabia is planning to invest in the development of King Abdullah Economic City (smart city), for which the total project cost is estimated to be USD 90 billion. Thus, the increasing investments in the construction industry will drive the growth of the market during the forecast period.

Significant Market Trends

Shift from a perpetual license model to a subscription model is an emerging trend shaping the market growth. The market in the civil and construction industry is moving from perpetual CAD licenses to periodic CAD subscriptions/licenses. The high ROI on subscriptions will encourage CAD vendors to gradually reduce the sale of perpetual CAD licenses before finally discarding them. The benefits of the subscription model over the perpetual license model are the key reason for the shift. The subscription model is simple and provides a better user experience to customers. Vendors can provide updated software versions with bug patches. In addition, the upfront cost is also low in this model. On-premises CAD software and services could be subscribed based on terms decided by the user. This flexibility, coupled with up-to-date software, has made the subscription model a preferred option among end-users.

In addition, autodesk decided to stop providing perpetual CAD licenses for all its product suites in 2016. It will focus on pe

Get key insights from Market Research Intellect's CAD And CAM Software Market Report, valued at USD 10.5 billion in 2024, and forecast to grow to USD 15.2 billion by 2033, with a CAGR of 4.9% (2026-2033).

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at ******* Canadian dollars in 2023 and was forecast to reach ******* Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From ******* units sold, the annual number of home sales in the country is expected to rise to ******* in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.