Global 3D CAD Software Market Scope Report

Global 3D CAD Software Market Highlights Over 2023 - 2033

The global 3D CAD software market is estimated to garner a revenue of ~ USD 16 billion by the end of 2033 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~ USD 10 billion in the year 2022. The 3-dimensional computer-aided design or 3D CAD is a technology used by designers, engineers, and product developers to build functional, virtual prototypes of three-dimensional things. With 3D CAD, designers can dynamically build and alter every detail of a part, assembly, or product. The large-scale employment of 3D Printing is thought to be the primary factor driving the growth of the global 3D CAD software market in the forecast period. For instance, the shipment volume for 3D printers in 2021 was more than 2 million units.

GET A SAMPLE COPY OF THIS REPORT

CAD is inevitable for 3D printing as a 3D printer without a CAD should lack the instructions it requires to build a product or a prototype. It is a CAD file that instructs a 3D printer as to how much material it should deposit and where it is to be deposited.

Global 3D CAD Software Market: Growth Drivers and Challenges

Growth Drivers

• Rising Significance of Packaging – It has been observed that among American consumers, more than 70% are influenced by product packaging while making purchase decisions. CAD software can be used to improve the design quality while implemented in packaging design. With CAD software, computers are used in the production, creation, and modification of the design of a package. The other uses of CAD software in packaging include improving the quality of the design, boosting the productivity of the designer, creating a manufacturing database, and improving design documentation.

• Large Revenue from 3D Printing in the Automotive Sector – Lately, the automotive sector comprised a share of ~24% of the total revenue of the 3D printing industry.

• Growth of Virtual Reality (VR) and Augmented Reality (AR) – The total shipment volume of VR/AR devices has been projected to be over 68 million in 2023.

• Growth of Internet of Things (IoT) – As of 2022, there are about 8 billion connected IoT devices worldwide.

Challenges

• Lack of Knowledge of 3D CAD Software

• High Costs Involved in Using the Software

• Limitations in the Scalability of 3D Printing

The global 3D CAD software market is segmented and analyzed for demand and supply by application into AEC, manufacturing, automotive, healthcare, media & entertainment and others. Of these the manufacturing segment is anticipated to hold the largest market size by the end of 2033. It is estimated that of the companies that use 3D printing, close to 70% use it for pre-series manufacturing or prototyping. With 3D printing, manufacturers can save the expenses and time spent on costly tooling production steps and produce even parts with complex geometries in reduced time.

Global 3D CAD Software Market Regional Synopsis

Regionally, the global 3D CAD software market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North American region is projected to hold the largest market share by the end of 2033. The growth of the manufacturing sector in the region is the primary reason for the regional market growth in the forecast period. For instance, the manufacturing sector in the United States (U.S.) contributed to ~11% of the total GDP of the U.S. in 2020. The implementation of the digital solution in the manufacturing sector, with the support of governments, is thought to increase the use of 3D CAD software in the manufacturing sector here. The presence of key players is also inevitable in the regional market growth.

Market Segmentation

Our in-depth analysis of the global 3D CAD software market includes the following segments:

Key Companies Dominating the Global 3D CAD Software Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global 3D CAD software market that are included in our report are Oracle Corporation, Bentley Systems, Incorporated, Siemens, Autodesk, Inc., Dassault Systèmes S. E., Hexagon AB, PTC, Inc, PTC Inc.,  ZWSOFT CO., LTD., SCHOTT SYSTEME GmbH, and others.

Global 3D CAD Software Market: Latest Developments

• November, 2021: Hexagon AB – announced collaborating with CADS Additive for exchanging technology and improving design for additive manufacturing thereby increasing productivity and reducing waste.

• June, 2020: Siemens – announced launching the NX Sketch software tool, a CAD sketching technology powered by artificial intelligence (AI), to capture ideas in 2D.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.