The 3D CAD Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 3D CAD Software Global Market Report 2024, The 3D CAD software market size has grown strongly in recent years. It will grow from $10.43 billion in 2023 to $11.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to globalization of design and manufacturing, growing complexity in product design, rise of simulation and analysis tools, increasing focus on product lifecycle management.
The 3D CAD software market size is expected to see strong growth in the next few years. It will grow to $14.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rapid growth in industries like automotive and healthcare, increased adoption of building information modeling (BIM), focus on sustainable design. Major trends in the forecast period include advancements in artificial intelligence (AI) and machine learning (ML), technological advancements, mobile CAD applications, open-Bim collaboration, parametric modeling advancements.
The increasing demand from the growing automotive industry is expected to drive the 3D CAD software market in the forecast period. CAD technology is applied in various ways during automotive engineering works and designing. It helps in prototyping and offers increased accuracy to reform work processes and to further develop their item plans for business development. In 2021, electric car sales doubled to 6.6 million from 3 million in 2020. Also, the manufacturing of cars in India grew to 30.82 lakh units in 2021, compared to 24.33 lakh units in 2020. Hence, the increasing demand for 3D CAD in the automotive manufacturing industry is expected to drive the 3D CAD software market growth.
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The 3D CAD software market covered in this report is segmented –
1) By Deployment Outlook: Cloud, On-premise
2) By Enterprise Size: Small Business, Midsize Enterprise, Large Enterprise
3) By Application: Automotive, Architecture, Healthcare, Manufacturing, Construction, Media And Entertainment, Engineering, Other Applications
Major companies operating in the 3D CAD software market are concentrating their efforts on developing innovative solutions such as 3D CAD software packages. 3D CAD software packages, or Computer-Aided Design software, are comprehensive computer programs specifically designed for creating, modifying, and optimizing three-dimensional (3D) digital models of objects. For instance, in February 2021, Dassault Systèmes SE, a France-based software company announced the launch of two new software packages ‘SOLIDWORKS for Makers’ and ‘SOLIDWORKS for Students’. SOLIDWORKS for Makers software is designed for digital design hobbyists aiming to craft and showcase their 3D projects to a broader audience. It offers access to SOLIDWORKS Professional, 3D Creator, and 3D Sculptor, this package delivers a comprehensive suite of specialized 3D design applications suitable for both engineering and artistic enthusiasts. SOLIDWORKS for Students aim is to enhance the employability of engineering and design students. This package includes SOLIDWORKS Student, 3D Designer Student, Collaborative Business Innovator, and Collaborative Industry Innovator, focusing on building essential skills for success in modern engineering and collaboration.
The 3d cad software market report table of contents includes:
1. Executive Summary
2. 3D CAD Software Market Characteristics
3. 3D CAD Software Market Trends And Strategies
4. 3D CAD Software Market – Macro Economic Scenario
5. Global 3D CAD Software Market Size and Growt
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26. South America 3D CAD Software Market
27. Brazil 3D CAD Software Market
28. Middle East 3D CAD Software Market
29. Africa 3D CAD Software Market
30. 3D CAD Software Market Competitive Landscape And Company Profiles
Top Major Players:
- Siemens PLM Software Inc
- Oracle Corporation
- Intergraph Corporation
- Hexagon AB
- Autodesk Inc
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