Press release
Global 3D CAD Software Market: Projections, Key Market Players, and Trends from 2024 to 2029
3D CAD Software Market Size
What Is The Projected Market Size Of The Global 3D CAD Software Market And Its Growth Rate?
• 2024 Market Size: $10.75 billion
• 2025 Market Size: $11.25 billion (4.7% CAGR)
• 2029 Market Size: $15.22 billion (7.8% CAGR)
Factors contributing to this growth include globalization of design and manufacturing, growing complexity in product design, and the rise of simulation and analysis tools.
What Is Driving The Growth In The 3D CAD Software Market?
The anticipated growth in the 3D CAD software market can largely be attributed to increased demand from the ever-expanding automotive industry, where CAD technology is instrumental for prototyping and enhancing accuracy in work processes. The growing adoption of electric vehicles is also anticipated to play a significant role in propelling the 3D CAD software market. For instance, in 2023, electric vehicles accounted for approximately 18% of total car sales, an increase from 14% in 2022, according to the France-based International Energy Agency.
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Who Are the Key Players Driving 3D CAD Software Market Growth?
• Siemens PLM Software Inc.
• 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.
• ESI Group
• Graebert GmbH.
What Are The Key Trends In The 3D CAD Software Market?
• Advancements in artificial intelligence (AI) and machine learning (ML)
• Technological advancements in 3D CAD software
• Growing adoption of mobile CAD applications
• Open-Bim collaboration
• Enhancements in parametric modeling
What Are The Segments Of The Global 3D CAD Software Market?
• By Deployment Outlook: Cloud, On-premise
• By Enterprise Size: Small Business, Midsize Enterprise, Large Enterprise
• By Application: Automotive, Architecture, Healthcare, Manufacturing, Construction, Media And Entertainment, Engineering, Other Applications
Which Region Leads The 3D CAD Software Market?
In 2024, North America was the leading region in the 3D CAD software market. The report also anticipates Asia-Pacific to be the fastest-growing region in the forecast period. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The 3D CAD Software Market Global Market Report?
- Market Size Analysis: Analyze the 3D CAD Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the 3D CAD Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall 3D CAD Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the 3D CAD Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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