Global 3D CAD Software Market Size By Deployment Model (On-Premises, Cloud-Based), By Enterprise Type (Small and Medium Enterprises (SMEs), Large Enterprises), By Industry Vertical (Architecture, Engineering, and Construction (AEC), Manufacturing, Electrical), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global 3D CAD Software Market Size By Deployment Model (On-Premises, Cloud-Based), By Enterprise Type (Small and Medium Enterprises (SMEs), Large Enterprises), By Industry Vertical (Architecture, Engineering, and Construction (AEC), Manufacturing, Electrical), By Geographic Scope And Forecast
3D CAD Software Market Size And Forecast
3D CAD Software Market size was valued at USD 11.23 Billion in 2024 and is projected to reach USD 18.16 Billion by 2031, growing at a CAGR of 6.2% from 2024 to 2031.
- 3D CAD (Computer-Aided Design) software is a digital tool for creating, modifying, analyzing, and optimizing three-dimensional designs. It enables users to create detailed virtual models of things, components, and assemblies that can be seen, rotated, and manipulated within a simulated environment. This software is essential in a variety of industries, including automotive, aerospace, construction, and manufacturing, due to its allows for more precise engineering designs, improves visualization, streamlines the prototyping process, and aids in the identification and correction of potential design flaws before physical production.
- 3D CAD software is widely used in many industries, including automotive, aerospace, construction, and manufacturing, to produce complex designs, performance tests, and guarantee safety requirements before production. It allows for accurate architectural representations, exact technical designs, and effective project planning.
- The potential for 3D CAD software is vast, with breakthroughs in AI, machine learning, and augmented reality poised to expand its capabilities. AI and machine learning will improve design processes and automate tedious jobs, while augmented reality and virtual reality will alter design visualization and interaction. Furthermore, cloud computing will make 3D CAD software more accessible, fostering real-time collaboration and creativity among multinational teams.
Global 3D CAD Software Market Dynamics
The key market dynamics that are shaping the global 3D CAD software market include
Key Market Drivers
- Growing Demand in the Aerospace and Defense SectorThe aerospace and defense industries rely significantly on 3D CAD software for intricate design and manufacturing procedures. According to the Aerospace Industries Association, the US aerospace and defense industry achieved USD 874 Billion in sales income in 2020, despite the pandemic’s impact. This strong industrial performance is accelerating the adoption of modern 3D CAD systems.
- Rising Popularity of 3D PrintingThe growth of 3D printing technologies is increasing the demand for 3D CAD software. According to the Wohlers Report 2021, the additive manufacturing sector expanded by 7.5% to over $12.8 billion in 2020, despite the COVID-19 epidemic. This increase in 3D printing is closely related to the growth of the 3D CAD software market.
- Increasing Adoption in the Architecture and Construction IndustryThe architecture and construction industries are increasingly using 3D CAD software for building information modeling (BIM) and virtual design and construction (VDC). The U.S. Bureau of Labor Statistics predicts that employment of architects will increase by 3% between 2020 and 2030, with around 9,400 openings annually. This consistent rise in the sector is increasing the demand for improved 3D CAD tools to boost design efficiency and cooperation.
Key Challenges
- High Initial Costs The initial investment in 3D CAD software can be expensive, frequently necessitating a significant monetary outlay. This covers the cost of software licenses, high-performance computing hardware, and staff training. These expenses might be prohibitively high for small and medium-sized businesses (SMEs), limiting their capacity to acquire and use modern CAD technologies. Furthermore, regular upgrades and maintenance fees can increase the financial strain, making it difficult for businesses to keep their software up-to-date and completely functional.
- Complexity and Learning Curve3D CAD software is frequently elaborate and requires specialized knowledge to function properly. The high learning curve may repel users, necessitating continual training, which can be time-consuming and costly.
- Integration with Other SystemsIntegrating 3D CAD software with current systems like ERP, PLM, or other design tools can be difficult. Issues with compatibility and data transfer might result in inefficiencies and increased costs.
- Customization and Flexibility Off-the-shelf 3D CAD software may not be suitable for a certain sector or firm. Customizing software to meet specific needs can be costly and time-consuming, affecting overall efficiency.
Key Trends
- Cloud-Based SolutionsThe growing use of cloud-based 3D CAD software enables more accessibility, real-time collaboration, and lower hardware expenses. Users can work on projects from anywhere, which increases flexibility and efficiency.
- Integration of AI and MLArtificial intelligence and machine learning are being integrated into 3D CAD software to automate tedious operations, optimize designs, and give predictive analytics, thereby dramatically improving design processes and creativity.
- Augmented and Virtual Reality AR and VR technologies are being used to provide immersive design experiences, allowing designers and stakeholders to perceive and interact with 3D models in a virtual environment, resulting in more informed decision-making.
- Industry-Specific Solutions Creation of 3D CAD tools targeted to the specific needs of industries such as automotive, aerospace, and construction, resulting in more relevant features and increased overall productivity and accuracy.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global 3D CAD Software Market Regional Analysis
Here is a more detailed regional analysis of the global 3D CAD software market
North America
- North America still leads the 3D CAD software market, owing to mature manufacturing and architecture, engineering, and construction (AEC) sectors, as well as rapid technical improvements. The digital economy will account for 9.6% of US GDP in 2021, demonstrating the region’s strong concentration on innovation, according to the US Bureau of Economic Analysis. This technological emphasis extends to 3D CAD software, where advanced solutions are increasingly in demand.
- The manufacturing sector in the United States, a prominent adopter of 3D CAD software, has demonstrated strong development, with new orders for manufactured durable goods expected to rise by 5.6% to USD 274.5 Billion in 2022, according to the Census Bureau. The adoption of Building Information Modeling (BIM) in the AEC sector has increased, with the National Institute of Building Sciences’ 2021 BIM Report stating that 74% of contractors in North America currently utilize BIM, up from 65% in 2017.
- The aerospace and defense industries, a major user of 3D CAD software, is expected to contribute USD 552 Billion to the US economy by 2022, according to the Aerospace Industries Association. This expansion increases the demand for powerful 3D CAD solutions for designing and prototyping complex systems. Furthermore, the growing 3D printing sector in North America adds to the increased demand for 3D CAD software. According to the Wohlers Report 2023, the global additive manufacturing market increased to USD 15.2 Billion in 2022, with North America accounting for a large percentage of this development. This tendency is projected to continue, which would increase the region’s 3D CAD software market.
Asia Pacific
- The Asia Pacific region is experiencing the most rapid growth in the 3D CAD software market. The Asia Pacific area is experiencing exceptional growth in the 3D CAD software market, owing to fast industrialization, government measures fostering digital manufacturing, and an expanding middle class. This increase in demand is especially noticeable in nations like China and India, where large expenditures in infrastructure and manufacturing are hastening the adoption of modern 3D CAD software. The Asian Development Bank’s Asian Development Outlook 2023 forecasts that the region will grow by 4.8% in 2023 and 4.9% in 2024, surpassing other global regions. This economic boom is directly linked to the growing use of digital technology, such as 3D CAD software, across a variety of businesses.
- The automotive industry, a key customer of 3D CAD software, is expanding rapidly in the Asia Pacific area. According to the International Organization of Motor Vehicle Manufacturers (OICA), Asia will produce more than 46 million vehicles in 2022, accounting for 55% of worldwide output, increasing need for sophisticated 3D CAD solutions.
- Furthermore, the aerospace industry is rapidly expanding, with the International Air Transport Association (IATA) estimating that the Asia-Pacific aviation market will handle 3.1 billion passengers per year by 2040, necessitating increased aircraft production and driving demand for advanced 3D CAD tools in aerospace design and manufacturing. The rapid rise of additive manufacturing is directly tied to the rising need for 3D CAD software.
Global 3D CAD Software MarketSegmentation Analysis
The Global 3D CAD Software Market is Segmented on the basis of Deployment Model, Enterprise Type, End-User Industry, And Geography.
3D CAD Software Market, By Deployment Model
- On-Premises
- Cloud-Based
Based on Deployment Model, the market is bifurcated into On-Premises and Cloud-Based. The 3D CAD software market is currently dominated by on-premises deployment due to the sensitive nature of design data and the necessity for strong control over software and infrastructure. On-premises solutions are generally preferred by industries with strict security needs, such as aerospace and automotive. Cloud-based deployment is the fastest expanding segment. Its capacity to provide scalability, accessibility, and cost-effectiveness makes it increasingly appealing to businesses of any size. As cloud technology improves and security issues are resolved, the transition to cloud-based CAD is projected to accelerate.
3D CAD Software Market, By Enterprise Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Based on Enterprise Size, the market is segmented into Small and Medium Enterprises (SMEs) and Large Enterprises. Large enterprises now dominate the 3D CAD software market due to their larger budgets, more complicated design needs, and demand for advanced functionality. However, small and medium-sized firms (SMEs) are growing the fastest. Cloud-based CAD solutions are becoming more affordable, and there is a rising understanding of the benefits of 3D design, allowing SMEs to use these tools. As SMEs expand their operations and product lines, the demand for sophisticated CAD skills is likely to increase, driving growth in this category.
3D CAD Software Market, By End-User Industry
- Architecture, Engineering, and Construction (AEC)
- Manufacturing
- Electrical
- Automotive
- Healthcare
Based on End-User Industry, the market is segmented into Architecture, Engineering, and Construction (AEC), Manufacturing, Electrical, Automotive, and Healthcare. The manufacturing category now dominates the 3D CAD software market due to its widespread use in product design, development, and manufacturing processes. The industry’s need for precision and efficiency has fueled the development of modern CAD technologies. However, the healthcare sector is expanding the fastest. The growing demand for medical device innovation, surgical planning, and personalized treatment is increasing the use of 3D CAD software in this industry. As healthcare technology advances, the role of CAD in many medical applications is projected to grow significantly.
3D CAD Software Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global 3D CAD Software Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America now dominates the 3D CAD software market, owing to the presence of large industry players, early technological adoption, and a robust manufacturing sector. However, Asia Pacific is the fastest-growing area. Rapid industrialization, more government backing for digital manufacturing, and an expanding middle class are fueling demand. Countries such as China and India are making major investments in infrastructure and manufacturing, which is driving up the adoption of 3D CAD software.
Key Players
The “Global 3D CAD Software Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Dassault Systemes, Autodesk, Inc., Siemens PLM Software, Inc., PTC, Inc., Bentley Systems, Incorporated, Oracle Corporation, Bricsys NV, ZWCAD Software Co., Ltd., CAXA Technology Co., Ltd., and Graphisoft SE. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
3D CAD Software Market Recent Developments
- In May 2023, the PTC released the latest version of Creo+, a CAD solution available as software-as-a-service. Creo+ combines Creo’s dependable features and capabilities with cloud-based technologies to ease CAD administration and improve design collaboration. This updated edition enables clients to design more easily, quickly, and collaboratively.
- In February 2023, Nextech AR Solutions Corp. released the newest Quad Topology Converter Update for Toggle3D. This version establishes Toggle3D as the top CAD-to-web 3D design platform, allowing users to build quad tessellations. This upgrade greatly improves the overall quality of 3D models.
- In December 2022, IronCAD updated its CAD software to help customers create items more efficiently. They recently released IRONCAD 2023, which has various features that make it easier to create and bring concepts to life more quickly. These enhancements include 2D drawing views, improved performance for 3D assemblies, 3D curve constraints, 3D positional constraint categories, and more comprehensive 3D designs and surroundings.
- In September 2022, At AU 2022, Autodesk collaborated with Ansys to demonstrate Fusion 360’s breakthrough product design and production capabilities. The new version speeds up iteration, automates the machine software design process and extends Fusion’s power and agility to the user’s browser or device.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Dassault Systemes, Autodesk, Inc., Siemens PLM Software, Inc., PTC, Inc., Bentley Systems, Incorporated, Oracle Corporation, Bricsys NV, ZWCAD Software Co., Ltd., CAXA Technology Co., Ltd., and Graphisoft SE. |
Segments Covered | Deployment Model, Enterprise Type, End-User Industry, And Geography. |
Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.