Global 3D CAD Software Market To Be Driven By Technological Advancement In The Forecast Period Of 2023-2028
The new report by Expert Market Research titled, ‘Global 3D CAD Software Market Price, Size, Share, Trends, Scope, Report and Forecast 2023-2028’, gives an in-depth analysis of the global 3D CAD software market, assessing the market based on its segments like deployment, application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 6.2%
The packaging industry’s large-scale adoption of CAD solutions is propelling this market forward. Furthermore, the market’s growth is aided by continual improvements in 3D technology and its application in the automobile sector. Market growth is likely to be fueled by the transition from on-premise to cloud platforms, as well as changes in consumer requirements and preferences.
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The expanding trend of embedding Artificial Intelligence (AI) into 3D CAD software has improved 3D modelling experiences, particularly in terms of detecting and avoiding design flaws. Furthermore, market growth is expected to be fueled by customers’ growing choice for implementing customized solutions.
Improvements in 3D printing technologies is propelling the market forward, as 3D printing necessitates the creation of a 3D model utilizing CAD technology.
Due to the availability of CAD solutions as Infrastructure-as-a-Service (IaaS), which allows end-use industries to minimize their total cost of installation and ownership, the cloud-based category is expected to develop at the quickest rate.
3D CAD Software Industry Definition and Major Segments
Computer-Aided Design in 3D (or Drafting), often known as 3D CAD software, is a design tool that uses computers to build models of goods and designs as they are being developed. Almost every product on the market in the world is designed using 3D CAD software.
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Based on deployment, the market is divided into:
- Cloud
- On-premise
On the basis of application, the industry can be segmented into:
- AEC
- Manufacturing
- Automotive
- Healthcare
- Media
- Entertainment
3D CAD Software Market Trends
A majority of businesses are transitioning from 2D to 3D CAD software, which simplifies complicated design structures and provides alternatives for customized and standard designs. Differentiated 3D CAD solutions are available for a variety of industrial applications.
Architectural and engineering firms, as well as industrial, automotive, healthcare, and media and entertainment firms, are increasingly using the solutions for design. The industry’s major players are collaborating with other specialist technology businesses to provide their clients with a more easy and convenient design platform, augmenting the 3D CAD software market in the forecast period.
The healthcare industry is projected to see widespread use of 3D CAD software. This expansion may be ascribed to the increased use of CAD solutions in the healthcare sector, owing to increased awareness of early detection and the high frequency of chronic and severe illnesses.
Key Market Players
The major players in the market are Autodesk, Inc., Bentley Systems, Incorporated, Bricsys NV, Dassault Systèmes, Graphisoft SE and others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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