Overview and Scope
3D CAD software is a technology that engineers, product developers, and designers use to create functional, virtual prototypes of three-dimensional objects. It facilitates and automates many aspects of product engineering, such as simulation testing, drawing and drafting, manufacturing, data management, computer-generated animation, and others. 3D CAD software is used to generate 3D models for creating, modifying, or optimizing a design.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the 3D CAD software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3d cad software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the 3D CAD software market report are Siemens PLM Software Inc., Oracle Corporation, Intergraph Corporation, Hexagon AB, Autodesk Inc., Trimble Inc., ANSYS Inc., Parametric Technology Corporation, Dassault Systèmes, Bentley Systems Inc., Nemetschek Group, ZWSOFT Co. Ltd., Altair Engineering Inc., 3D Systems Inc., Corel Corporation, ESI Group, Graebert GmbH., ActCAD LLC, Onshape Inc., IronCAD LLC., Kubotek Corporation, Cadonix Ltd., Bricsys NV, CAXA Technology Co. Ltd., Graphisoft SE, Schott Systeme GmbH, SolidWorks Corp., Cimatron Ltd., TurboCAD, Encore Software, Ashlar-Vellum, CAD Schroer GmbH, CADENAS GmbH, Tech Soft 3D, OPEN MIND Technologies AG, Dassault Systèmes SolidWorks Corp., 3D Systems Corporation
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 Growth
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31. Global 3D CAD Software Market Competitive Benchmarking
32. Globa 3D CAD Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34. 3D CAD Software Market Future Outlook and Potential Analysis
35. Appendix
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