3D CAD Software Market Projected to Reach US$ 15.42 Billion by 2027 | CAGR of 6.70%

IMARC Group's latest research report, titled "3D CAD Software Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global 3D CAD software market size reached a value of US$ 10.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 15.42 Billion by 2027, exhibiting a CAGR of 6.70% during 2022-2027. Three-dimensional computer-aided design (3D CAD) is a technology used to create and modify details of a product, part, or assembly. It replaces manual drafting with an automated process. The engineers, product developers and designers use it to create functional, virtual prototypes of three-dimensional objects. It utilizes computer software to assist in creating, manipulating, analyzing, or optimizing a design. 3D CAD designs are typically used for digital animation applications or manufacturing and prototyping processes like 3D printing. CAD is used throughout the engineering process, from conceptual design and layout of products, through strength and dynamic analysis of assemblies to definition of manufacturing methods of components. Nowadays, several companies are offering differentiated 3D CAD solutions for various industrial uses.

The COVID 19 pandemic has adversely affected the market. Different sectors, especially manufacturing, automation, and media and entertainment, had to halt their ongoing projects and, in some cases, terminate their future assignments, which hampered the market growth. On the other hand, the growing mergers and acquisitions of large-scale engineering companies and increasing outsourcing have compelled small- and medium-sized businesses to invest in digital simulation tools, thus catalyzing the growth of the market on the global level.

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Important Attribute and highlights of the Report:

Detailed analysis of the global market share
Market Segmentation by  deployment and application.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments

Competitive Landscape for 3D CAD Software Market

Strategies of major players and product offerings
The market is majorly driven by the increasing demand for cloud technology. In line with this, the rising adoption of cloud-based deployment strategies by many organizations owing to the various advantages offered by cloud technology, such as collaborative interface, ability to share designs with the stakeholders, cohesive data management, and increased accessibility, is positively influencing the market. Furthermore, the growing utilization of computer-aided design in the automotive industry is significantly contributing to the market. Moreover, the augmenting usage of 3D CAD software technology in the packaging industry for various purposes, such as designing, wrapping, boxing, and bottling consumer goods, is propelling the market. Besides this, 3D CAD is increasingly implemented in the healthcare sector to facilitate the medical imaging process. This, along with the rising trend of digitalization, an enhanced focus on additive manufacturing and rapid technological advancements, are also providing a boost to the market.

Key Players Included in Global 3D CAD Software Market Research Report:

Autodesk Inc.
AVEVA Group plc
Bentley Systems Incorporated
Dassault Systemes SE
Hexagon AB
IronCAD LLC
PTC Inc.
SCHOTT SYSTEME GmbH
Siemens AG
Trimble Inc.
ZWCAD Software Co. Ltd.

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

Breakup by Deployment:

Cloud-based
On-premises

Breakup by Application:

Architecture, Engineering and Construction (AEC)
Manufacturing
Automotive
Healthcare
Media and Entertainment
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the 3D CAD Software Market Research
Report:

Preface
Scope and Methodology
Executive Summary
Introduction
Global 3D CAD Software Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape

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