Global 3D CAD Software Market 2024 New Trends, Business Growth, Segmentation And Key Players Analysis Till 2033

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.

Market Overview -
3D CAD software is a technology that engineers, product developers, and designers use to create functional, virtual prototypes of three-dimensional objects. It facilitates and automates many aspects of product engineering, such as simulation testing, drawing and drafting, manufacturing, data management, computer-generated animation, and others. 3D CAD software is used to generate 3D models for creating, modifying, or optimizing a design.

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Surge In Demand From Automotive Industry Is Anticipated To Propel The 3D CAD Software Market Growth
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.

Competitive Landscape -
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

Innovative 3D CAD Software Packages Shaping The Future Of 3D CAD Software Market
Major companies operating in the 3D CAD software market are concentrating their efforts on developing innovative solutions such as 3D CAD software packages. 3D CAD software packages, or Computer-Aided Design software, are comprehensive computer programs specifically designed for creating, modifying, and optimizing three-dimensional (3D) digital models of objects. For instance, in February 2021, Dassault Systèmes SE, a France-based software company announced the launch of two new software packages 'SOLIDWORKS for Makers' and 'SOLIDWORKS for Students'. SOLIDWORKS for Makers software is designed for digital design hobbyists aiming to craft and showcase their 3D projects to a broader audience. It offers access to SOLIDWORKS Professional, 3D Creator, and 3D Sculptor, this package delivers a comprehensive suite of specialized 3D design applications suitable for both engineering and artistic enthusiasts. SOLIDWORKS for Students aim is to enhance the employability of engineering and design students. This package includes SOLIDWORKS Student, 3D Designer Student, Collaborative Business Innovator, and Collaborative Industry Innovator, focusing on building essential skills for success in modern engineering and collaboration.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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