Press release
3D CAD Software Market Report 2024: Trends, Share, Size, Growth Opportunities, In-Depth Analysis Forecast To 2033
3D CAD Software Market Report
The Business Research Company presents an extensive market research report on the 3D CAD Software Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The 3D CAD software market size has grown strongly in recent years. It will grow from $10.43 billion in 2023 to $11.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to globalization of design and manufacturing, growing complexity in product design, rise of simulation and analysis tools, increasing focus on product lifecycle management.
The 3D CAD software market size is expected to see strong growth in the next few years. It will grow to $14.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rapid growth in industries like automotive and healthcare, increased adoption of building information modeling (BIM), focus on sustainable design. Major trends in the forecast period include advancements in artificial intelligence (AI) and machine learning (ML), technological advancements, mobile CAD applications, open-Bim collaboration, parametric modeling advancements.
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Key Market Players:
Major companies operating in the 3D CAD software market report are Siemens PLM Software Inc., Oracle Corporation, Intergraph Corporation, Hexagon AB, Autodesk Inc., Trimble Inc., ANSYS Inc., Parametric Technology Corporation, Dassault Systèmes, Bentley Systems Inc., Nemetschek Group, ZWSOFT Co. Ltd., Altair Engineering Inc., 3D Systems Inc., Corel Corporation, ESI Group, Graebert GmbH., ActCAD LLC, Onshape Inc., IronCAD LLC., Kubotek Corporation, Cadonix Ltd., Bricsys NV, CAXA Technology Co. Ltd., Graphisoft SE, Schott Systeme GmbH, SolidWorks Corp., Cimatron Ltd., TurboCAD, Encore Software, Ashlar-Vellum, CAD Schroer GmbH, CADENAS GmbH, Tech Soft 3D, OPEN MIND Technologies AG, Dassault Systèmes SolidWorks Corp., 3D Systems Corporation
Market Drivers:
The increasing demand from the growing automotive industry is expected to drive the 3D CAD software market in the forecast period. CAD technology is applied in various ways during automotive engineering works and designing. It helps in prototyping and offers increased accuracy to reform work processes and to further develop their item plans for business development. In 2021, electric car sales doubled to 6.6 million from 3 million in 2020. Also, the manufacturing of cars in India grew to 30.82 lakh units in 2021, compared to 24.33 lakh units in 2020. Hence, the increasing demand for 3D CAD in the automotive manufacturing industry is expected to drive the 3D CAD software market growth.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/3d-cad-software-global-market-report
The 3D CAD software market covered in this report is segmented -
1) By Deployment Outlook: Cloud, On-premise
2) By Enterprise Size: Small Business, Midsize Enterprise, Large Enterprise
3) By Application: Automotive, Architecture, Healthcare, Manufacturing, Construction, Media And Entertainment, Engineering, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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