27-June-2019: 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.
In
depth research report on 3D CAD Software Market
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
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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