3D CAD (Computer-Aided Design) software is a technology used for the design and documentation of three-dimensional objects and spaces. This software allows users, including engineers, architects, designers and educators to create precise geometrical models of products, buildings and structures. It is utilized across various stages of product development, from conceptualization to simulation of how a product will perform in the real world.
The 3D CAD software market consists of sales, by entities (organizations, sole traders and partnerships) of 3D CAD software that is used in a broad range of industries for product design, engineering analysis and visualization. The software supports various functions, such as drafting, modeling, assembly and simulation, making it indispensable in the design and engineering process. 3D CAD software allows for precise and photorealistic product design, which can help secure funding from investors and create valuable animations for sales and marketing teams.
The global 3D CAD software market was valued at $8,579.33 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Emerging Markets Growth
The 3D CAD software market benefited from the strong economic growth of developing countries during the historic period. Significant industrialization and infrastructure development frequently occur in developing nations that are experiencing rapid economic growth. Advanced design and engineering tools, such as 3D CAD software, are necessary for industries like manufacturing, construction, automotive and aerospace, to stay innovative, streamline operations and maintain their competitiveness in the global market. As these sectors developed and modernized, there was an explosion in the need for 3D CAD software. For instance, China's gross domestic product (GDP) grew to $17.94 trillion (120 trillion yuan) in 2022, compared to 17.82 trillion in 2021 and $11.06 trillion in 2015. Additionally, according to the Minister for Finance and Corporate Affairs, India's gross domestic product (GDP) grew by between 8% and 8.5% and 9.2% in 2021-2022. Therefore, strong economic growth in emerging markets boosted the demand for end-use industries and drove the 3D CAD software market during the historic period.
Cloud-Based CAD Solutions For Collaborative Design And Data Management
Companies in the 3D CAD software market are focusing on cloud-based CAD solutions to enhance design collaboration and simplify CAD administration. Cloud-based CAD solutions allow multiple team members, regardless of their physical locations, to collaborate on a design project in real-time. For example, in May 2023, PTC, a US-based Computer software company, launched Creo+, a CAD solution, offered as a software-as-a-service (SaaS). Creo+ combines the power and proven functionality of Creo with new cloud-based solutions to simplify CAD administration and improve design collaboration. In addition, Creo+ comes with the PTC Control Center software, which is powered by the PTC Atlas Software as a Service platform and makes it easy to distribute and manage software licenses for cloud-based products. With this updated version, users can create designs more quickly, simply and collaboratively.
The global 3D CAD software market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 16.6% of the total market in 2022.
3D CAD Software Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global 3D CAD software market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for 3D CAD software? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The 3D CAD software market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider 3D CAD software market; and compares it with other markets.
The report covers the following chapters
Introduction And Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by deployment, by enterprise size and by application.
Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the 3D CAD software market.
Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional And Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by deployment, by enterprise size and by application market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional Market Size And Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
Competitive Dashboard - Briefs on competitive dashboard of major players.
Key Mergers And Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations- This section includes recommendations for 3D CAD software providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Deployment: Cloud; On-Premise
2) By Enterprise Size: Small Business; Midsize Enterprise; Large Enterprise
3) By Application: Architecture; Engineering And Construction; Automotive; Healthcare; Manufacturing; Media And Entertainment; Other Applications