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Global 3D CAD Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Model, by Application

Global 3D CAD Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Model, by Application

  • March 2017
  • 131 pages
  • ID: 5038624
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Market Overview

The 3D CAD software in the report refers to three-dimensional computer aided design technology, which enables users to design ideas, visualize various designing concepts, and simulate how the design will perform in real world. 3D CAD solution provides designers and engineers with three-dimensional modeling, using advance 3D tools and designing concepts.

The global 3D CAD market is gaining interest due to rapid transformations taking place in the design software industry and its impact on several associated technologies to be more product-oriented and user-friendly. Designers are looking for more optimized and advanced design and drafting solutions to effectively manage their product designing in realistic terms, and further manage the development cycle. 3D CAD has been emerging as the need of the hour, as designers are in demand for solutions, which provide innovative designing tools and higher simulation. 3D CAD providers are focusing on offering their solutions on ease-of-use basis, in order to cater to a large user base, and growing demand for cost-effective and easily available design software solutions.

Market Dynamics

The global 3D CAD market is expected to witness a CAGR of 4.9% during the forecast period, to reach $7,256.2 million by 2022. A significant growth is expected in this market, due increasing use of 3D modeling and need for advanced real-time rendering, globally. In addition, shift from 2D to 3D CAD, and increasing product recalls in automotive industry are driving the global 3D CAD market growth.

Global 3D CAD Market

Trends

Increasing M&A among CAD software providers, growing partnerships and agreements, and shift from license-based to subscription-based model are some of the key trends observed in the global 3D CAD market. The increasing number of new product launches and product enhancements is also expected to lead to rapid growth of global 3D CAD market.

With the emerging trend of adoption of new technologies in design market, CAD software providers are continuously upgrading their offerings to meet the growing market demand. Several new players have also introduced new 3D CAD software, gaining huge interest of customers. 3D CAD providers are enhancing their products to help their users build 3D virtual prototypes and improve the quality of their offerings.

Growth Drivers

The global 3D CAD market is driven by factors such as shift from 2D to 3D CAD, use of 3D CAD in packaging machinery, and increasing number of product recalls in automotive industry. Marketing automation enabling proactively sending targeted help messages, alerts, and trainings to the customer service or sales teams before they arise help, is majorly driving the cross-sell revenues and upsells. In addition, it is also enhancing the customer satisfaction and retention by combining usage data and external data available, generating specific insights.

3D CAD enables designers with advanced analysis tools to do everything from simulating the flow of fluid to measuring vibrations in key structural components. While product designers are avoiding costly mistakes that were present while rendering 2D CAD, efficient work output and time-saving are also some advantages that 3D CAD offers. In addition, greater precision and control, and creativity in product design are some of the factors instigating a shift towards 3D CAD.

Apart from this, 3D CAD allows packaging machinery for advanced modeling, simulation and communication control tools. These tools help in selection of actuators and optimization of motor to reduce price and energy consumption. Further, with millions of connected cars expected on road in the coming years, designers are considering advanced solutions and tools provided by 3D CAD software to align the design and development of products with error-free manufacturing.

Opportunities

The 3D CAD market has the opportunity to build new mobile-friendly 3D CAD software solutions to meet the users’ demand and enable them to view, edit and share their designs and drawings on the go. Autodesk’s AutoCAD 360, a free drawing and drafting app, lets its user access, edit and share their AutoCAD drawings. Apart from this, increasing use of 3D modeling is also creating huge opportunity for the growth of global 3D CAD market. Businesses are in demand for showcasing 3D models of their products to end users. This includes various animated and textured features of their design concept and services. As opposed to manual sketching, 3D modeling makes the process of design easier and faster.

Competitive Landscape

The global 3D CAD market was consolidated in 2015, wherein the top five players accounted for around 85% of the market. The major companies operating in the global 3D CAD market include Autodesk, Inc., Bentley Systems Inc., Dassault Systèmes, PTC, 3D Systems Inc., Aveva Group Plc, and Hexagon.

Vendor such as Autodesk, a major design software solution provider, is dominating the global 3D CAD market by offering unmatched CAD software services to its users. The company is also aggressively engaging itself in various acquisitions of small and medium design software providers, and entering into partnerships with institutes and software companies to roll out combined 3D CAD offerings in the market.

Scope for Customization

P&S Market Research offers customization as per specific business requirements of clients. Illustrative customization within the scope of this report includes:

Period of Analysis – Increase in the study period, including historic and forecast years
Segment Analysis – More granular coverage related to:
Application - “Others” can be further broken down into different applications.
Company Profiles – Wider company coverage in terms of detailed analysis or additional company profiles
New custom report – A completely customized report can be provided on the market, specific to a region/ country/ segment

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