Global 3D Cad Market growth driving Due to Shift from 2D CAD to 3D CAD Technology
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In terms of application, the 3D CAD market is segmented into automotive, industrial machinery, defense, electrical & electronics, aerospace, healthcare, arts, and others. Automotive applications have been contributing largest revenue to the 3D CAD industry. Due to rapid increase in demand for more simulated, advanced and designer-friendly CAD solutions by automotive product designers, the automotive segment is expected to continue with its largest contribution to the market for 3D CAD, during the forecast period.
The Asia-Pacific market for 3D CAD was valued at $1.5 billion in 2015, and is projected to grow at a CAGR of 7.2% during the forecast period, to reach $2.6 billion by 2022. The Asia-Pacific 3D CAD market generated highest revenue from China in 2015. The rapid increase in gross domestic expenditure in the Chinese research and development (R&D) sector, and government plans to expand research and technology innovation system are some of the factors driving the Chinese 3D CAD industry. Increased adoption of rapid prototyping and tooling by designers in the Chinese product manufacturing industries, and development of cloud-based advanced CAD solutions is further expected to elevate the growth of this market.
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Vendor such as Autodesk, a major design software solution provider, is dominating the 3D CAD market by offering unmatched CAD software services to its users. The company is also aggressively engaging itself in various acquisitions of small and medium design software providers, and entering into partnerships with institutes and software companies to roll out combined 3D CAD offerings in the market.
The 3D CAD market was consolidated in 2015, wherein the top five players accounted for around 85% of the market. The major companies operating in the 3D CAD industry include Autodesk, Inc., Bentley Systems Inc., Dassault Systèmes, PTC, 3D Systems Inc., Aveva Group Plc, and Hexagon.
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