The global 3d cad software market size is projected to reach USD 13.04 billion by 2025,
according to a new report by Grand View Research, Inc., rising at a CAGR of
6.2% during the forecast period. Introduction of 3D CAD software has
revolutionized the way end-use industries design products.
CAD has witnessed a high adoption owing to
improved and continuously changing environment in various industries such as
healthcare, construction, manufacturing, and automotive. The software enables
end users to create three-dimensional models for representing a particular part
or system of the entire product. It also helps in eliminating risk of producing
faulty parts, thereby making manufacturing process more cost-effective.
Industries are transitioning from 2D CAD to
3D CAD as software simplifies complex design structure by offering choices
between predefined and customized designs. Furthermore, growing transition from
on premise to cloud along with changes in consumer preferences and requirements
is poised to work in favor of the market.
Burgeoning trend of integrating artificial
intelligence (AI) with 3D CAD software has been improving 3D modeling
experience by identifying design errors. Presently, only a limited number of
players are observed incorporating AI trend into their product portfolio, which
has provided ample opportunities for companies to introduce AI-based solutions.
Rising preference among end users for
customized solutions is also likely to escalate the growth of the market.
Customized and personalized solutions have enabled key players to incorporate
this feature into their product portfolio. Key players have already capitalized
on designing industry-specific solutions to cater to needs of clients.
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Further key findings from the report suggest:
· The cloud-based segment is expected to
witness the fastest growth over the forecast period as the software provides
flexibility in design and requires less infrastructure cost
· The healthcare segment is estimated to post
a CAGR of over 8.0% during the forecast period. 3D CAD software has witnessed
increased adoption in the healthcare sector as it helps assist doctors in
attempting different methods and strategies to determine the most optimal
approach for treatments
· Asia Pacific is anticipated to progress at
the highest CAGR over the forecast period owing to its high demand in the
construction and manufacturing sectors
· Autodesk, Inc., Dassault Systemes, PTC,
Inc., and Siemens PLM Software, Inc. are some of the prominent players in the
3D CAD software market
· Companies are focusing on providing updated
products that have additional capabilities of augmented reality (AR), Internet
of Things (IoT), and other innovative technologies.
Grand View Research has segmented the
global 3D CAD software market based on deployment, application, and region:
3D CAD Software Deployment Outlook
(Revenue, USD Million, 2014 - 2025)
·
Cloud
·
On-premise
3D CAD Software Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
AEC
·
Manufacturing
·
Automotive
·
Healthcare
·
Media & Entertainment
·
Others
3D CAD Software Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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