3D CAD Software Market is valued at USD 9.4 Billion in 2018 and expected to reach USD 13.8 Billion by 2025 with the CAGR of 5.62% over the forecast period.
3D CAD Software Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing demand for 3D modeling, advanced real-time rendering by end-use industries, and increased adoption of computer-aided design in the automotive sector are some factors driving the growth of the Global 3D CAD Software market.
3D CAD software or 3D computer-aided design software is used by engineers and designers to create three-dimensional models of components. The 3D CAD software is widely used by manufacturing, automotive, healthcare, architecture, and other industries for various applications. 3D CAD, or three-dimensional computer-aided design, is a technology for intention and technical documentation, which substitutes manual drafting with a mechanical process. Used by designers, engineers and other professionals, 3D CAD software precisely signifies and visualizes substances using an assembly of points in three dimensions on the computer.
CAD software is used to raise the efficiency of the designer, improve the quality of design, improve communications through documentation, and to make a database for manufacturing. CAD production is often in the form of automated files for print, machining, or other engineering operations. CAD may be used to design curves and figures in two-dimensional (2D) space; or curves, surfaces, and solids in three-dimensional (3D) space.
3D CAD Software market report is segmented on the basis of type, application and by regional & country level. Based upon the type, 3D CAD Software market is classified into cloud and on-premise. Based upon application, 3D CAD Software market is classified into AEC, manufacturing, and automotive, healthcare, media & entertainment, and others.
The regions covered in this 3D CAD Software market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of 3D CAD Software is sub-divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
3D CAD Software market report covers prominent players are,
By Type: Cloud-based, On-premises
By Application: AEC, Manufacturing, Automotive, Healthcare, Media & Entertainment, Others
Regional & Country Analysis
Middle East and Africa
Dassault Systèmes Introduced New 3DEXPERIENCE WORKS Offers to Bring Value to the Creative Process
News: February 10, 2020, Dassault Systèmes nowadays announced new 3DEXPERIENCE WORKS commercial offers that provide SOLIDWORKS users with a connected, integrated and automatic way to streamline their inspired process, and save time and money. The scalable offers also contain 3D Creator and 3D Sculptor - next generation design applications that run in any browser, wherever - and enable users to extend and improve what they can do with SOLIDWORKS by selecting from dozens of other powerful 3DEXPERIENCE WORKS applications and use only the ones they need for their responsibilities. Users can discover all the services accessible by the platform, and become champions of digital transformation for their company.
The global 3D CAD Software market is witnessing substantial growth due to increasing demand for 3D modeling, increased advanced real-time rendering by end-use industries, and surge in innovative technologies and additional capabilities such as IoT and augmented reality (AR) are some factors driving the growth of the global 3D CAD software market. According to the IDC data report, worldwide spending on the Internet of Things (IoT) is forecast to reach $745 billion in 2019, an increase of 15.4% over the $646 billion expended in 2018, according to a new update to the International Data Corporation (IDC) report, International Semiannual Internet of Things Spending Guide. IDC expected that the worldwide IoT expenditure will continue a double-digit annual growth rate throughout the 2017-2022 forecast periods and surpass the $1 trillion mark in 2022.
However, the high cost of 3D CAD software is the main factor restraining the growth of the global 3D CAD software market. Increased security concerns related to cloud-based software is estimated to hamper the growth of the target market to a certain extent. Furthermore, businesses are focusing on showcasing 3D models of their offerings to end-users, which would result in increased usage of the technology, thereby, creating huge opportunities for the growth of the market.
North America is dominating the 3D CAD software market with the potential rate due to the growing construction industry and growing construction industry in the US and Canada is estimated to support the growth of the potential market in the region is anticipated to drive the growth of the target market. According to ACS estimates, the number of people employed in the Construction Industry Group has been growing at a rate of 2.74%, from 8.82M people in 2017 to 9.07M people in 2018. On average, employees in the Construction Industry Group make $53,123 per year. This number makes Construction the 134 highest paying Industry Group in the United States out of a total of 269 Industry Groups.
The Asia pacific is expected to emerge as the fastest-growing regional market over the forecast period due to the increasing high demand in the construction and manufacturing sectors, adoption of modeling and designing tools over the forecast period, thereby boosting the growth of this region. According to the UNIDO report, World manufacturing production growth is expected to slow down in 2019 as a result of continued conflict over trade and tariffs between the world’s two largest manufacturers: China. Manufactured goods account for more than 80.0 percent of the total merchandise exports of both countries. Against the backdrop of falling global merchandise trade, the growth of world manufacturing value added (MVA) is expected to drop to 2.7 per cent in 2019, following 3.2 percent in 2018.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 9.4 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||5.62 %|
|Market Size Expected in 2027:||USD 13.8 Billion|
|Tables, Charts & Figures:||175|
|3D CAD Software Companies||
Oracle Corporation, Bricsys NV, Autodesk Inc., CAXA Technology Co., Ltd, Siemens PLM Software Inc, PTC Inc., ZWCAD Software Co., Ltd., Incorporated, Dassault Systemes, Bentley Systems, Graphisoft SE, Others
|Segments Covered||By Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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