Authored By: Sarah
11 Jul 2024

 3D CAD Software Market Size to grow by USD 3.82 billion between 2024-2028

According to a research report “ 3D CAD Software Market” by Deployment (On-premises, Cloud) Application (Manufacturing, AEC, Automotive, Healthcare, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3.82 billion, at a CAGR of  6.79% during the forecast period. In the realm of product design and manufacturing, 3D Computer-Aided Design (CAD) software plays a pivotal role by enabling the creation, modification, and analysis of three-dimensional models. This technology streamlines the design process, allowing for the generation of intricate diagrams detailing a prototype's interior and exterior during the initial stages. By outlining conceptual designs, physical attributes, functionality, dimensions, materials, tolerances, and final appearance, 3D CAD significantly enhances the productivity of designers and engineers. This advanced tool is indispensable in industries such as electronics, manufacturing, aerospace, and automobiles, where intricate product prototypes and their constituent parts are designed and produced. By employing 3D CAD, businesses can save valuable time and resources, ultimately leading to a more efficient and profitable design and production process.

Browse market data tables, figures, and in-depth TOC on “3D CAD Software Market” by Deployment (On-premises, Cloud) Application (Manufacturing, AEC, Automotive, Healthcare, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Deployment, the On-premises segment is projected to dominate the market size in 2024

In the manufacturing sector, companies specializing in the production of electrical tools, semiconductor devices, defense machinery, aerospace, and military-related products leverage 3D Computer-Aided Design (CAD) software to create precise product prototypes. This technology enables manufacturers to streamline production processes, enhance operational efficiency, and minimize waste, while simultaneously reducing energy consumption. For instance, JK Machining, a US-focused organization renowned for designing and manufacturing plastic injection molds, sought to prioritize enhanced product quality and expedited build times. By investing in advanced 3D CAD software capabilities, JK Machining has effectively optimized its manufacturing operations, ensuring a competitive edge in the industry.

By Application, Manufacturing  segment is expected to hold the largest market size for the year 2024

On-premises 3D Computer-Aided Design (CAD) software represents the conventional software deployment model, where businesses install and operate the software on their local computers or servers. This model grants organizations full control over the software, enabling optimization and customization to cater to unique business needs. Suitable for enterprises with robust IT infrastructure, on-premises 3D CAD software entails significant hardware investments and ongoing maintenance expenses. Additionally, this deployment model offers enhanced data security and privacy, as sensitive information remains stored on-site rather than in the cloud.

North America is forecasted to hold the largest market size by region in 2024

In the global 3D CAD software market, North America held the largest share in 2023, accounting for a significant portion of the revenue. This dominance can be attributed to the region's robust manufacturing sector, particularly in the US, which houses prominent companies like Boeing, General Motors, and General Electric. These corporations utilize 3D CAD software extensively for product design, manufacturing, and research and development (R&D) activities. The presence of key vendors, including Autodesk and PTC, further bolsters the market's growth in North America. The aerospace and defense industry, a significant consumer of 3D CAD software, is a key contributor to the region's market expansion.

The 3D CAD Software Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Altair Engineering Inc.
  • ANSYS Inc.
  • Autodesk Inc.
  • Bentley Systems Inc.
  • Caddie Ltd.
  • Constellation Software Inc.
  • Corel Corp.
  • Dassault Systemes SE
  • Graebert GmbH
  • Hexagon AB
  • IMSI Design LLC
  • IronCAD LLC
  • Jytra Technology Solutions Pvt. Ltd.
  • Nemetschek SE
  • PTC Inc.
  • Siemens AG
  • SketchList
  • SolidCAM GmbH
  • Trimble Inc.
  • ZWSOFT CO. LTD.
.

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Research Analysis Overview

The 3D CAD software market is experiencing significant growth in various industries, particularly in the AEC industry, where professionals such as architects, engineers, and designers use advanced software for creating and managing 3D models of buildings and infrastructure. NX CAD, a popular PLM software, offers features for simulation testing, data management, drawing and drafting, and virtual prototyping. Engineering and construction firms benefit from 3D CAD software for creating virtual prototypes, enabling remote work, and utilizing virtual reality for immersive design experiences. The automotive sector, mechatronic engineering, and packaging machines also rely on 3D CAD software for designing complex products. Cloud-based deployment, mobile-friendly solutions, and surface and solid model capabilities are essential features for modern 3D CAD software. Simulation testing and 3D printing further enhance the capabilities of these advanced tools. The market for 3D CAD software continues to expand, offering professionals in diverse industries innovative solutions for engineering, design, and construction projects.

Market Research Overview

The 3D CAD software market is experiencing significant growth due to the increasing adoption of digital design tools in various industries, including Additive Manufacturing, Oil and gas, Healthcare, and the AEC industry. Advanced software like NX CAD, Autodesk Inventor, and Solidworks are leading the way with features such as computer-generated animation, data management, simulation testing, drawing and drafting, and virtual prototypes. The healthcare application of 3D CAD software is revolutionizing industries like medical device manufacturing, with customized implants, surgical tools, and prosthetics designed using patient anatomy data from medical imaging. Virtual reality technology and cloud computing are also playing a crucial role, enabling remote work and collaboration. Industrial design industries, including automotive manufacturers, are leveraging 3D CAD software for 3D printable models, engine components, vehicles, and automation. AI and machine learning are also being integrated into these tools for troubleshooting efforts, virtual environment simulations, and predictive maintenance. Cloud-based deployment, SaaS-based applications, and mobile-friendly solutions are becoming increasingly popular due to their accessibility and cost-effectiveness. On-premises deployment, servers, hardware, and IT infrastructure are still used in certain industries for security and performance reasons. The construction industry is also embracing 3D CAD software for building designs, with surface model and solid model capabilities enabling more accurate and efficient planning and execution. The arts industry is also using these tools for creating 3D models and animations. In summary, the 3D CAD software market is a dynamic and evolving space, driven by advancements in technology and the growing demand for digital design tools across various industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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