3D CAD Software Market Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global 3D CAD Software Market


The global 3D CAD Software market size is projected to reach US$ 13.8 billion by 2026, from US$ 9.73 billion in 2020, at a CAGR of 6% during 2021-2026.Increased adoption of computer-aided design in the automotive sector coupled with high focus of manufacturers on additive manufacturing has augmented the market.

Various end-use industries are widely opting for cloud-based designing as it enables them to streamline workflows and offers flexibility in designs. Key players such as General Motors Co. have migrated towards cloud, as cloud-based products provide real-time work to teams that are geographically distributed and lower the overall spending on IT systems. Soaring need for precise designing, complex structure prototyping, and digitalization in the automotive, aerospace & defense, and manufacturing sectors is projected to drive the market.

Numerous sectors, including engineering, are widely using 3D CAD outsourcing services with an aim to focus on core products and their development. Moreover, developments in 3D printing are also fueling the demand for 3D CAD software as 3D printing first requires a three-dimensional model to be made using computer-aided design technology. Increasing investments are leading to intense competition among players, enabling them to offer products with innovative technologies and additional capabilities such as IoT and augmented reality (AR). Such innovative solutions help users create designs faster by connecting digital design to physical products.

Growing funding for advancements of various 3D printing technologies is facilitating the production of different products with a wide variety of materials depending on requirements of end users. Moreover, virtual reality (VR) has emerged as an appropriate supportive technology for third-dimensional CAD as it allows users to visualize how designs will perform in real world. VR-based software provides a virtual copy of the model, creating an immersive experience for users. It also helps detect design defects, especially in the automotive and aerospace industries, where even minute errors can cause significant losses.

Apart from developing innovative products, players are adopting both inorganic and organic growth strategies to gain a competitive advantage in the market. For instance, in October 2018, Onshape partnered with Magic Leap to provide a 3D product design app. The new app is poised to support real-time editing of CAD models through the Magic Leap device, enabling engineers to improve designs of their products.

Market Segmentation, Outlook & Viewpoint: Global 3D CAD Software Market

Deployment Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Cloud
  
On-premise

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
AEC
  
Manufacturing
  
Automotive
  
Healthcare
  
Media & Entertainment
  
Others

Key Players, Recent Developments & Regional Insights: Global 3D CAD Software Market

The manufacturing segment dominated the 3D CAD software market in 2018 and accounted for just over one fourth of the overall revenue. Development of 4-, 5-, and C-axis machines is projected to stir up the adoption of three-dimensional CAD software in the manufacturing sector as it helps manufacturers to design prototypes and simulate the movement of parts in production process. It also allows them to get a magnified version of the model by obtaining a 3D view of the product.

The automotive sector holds a notable share as the industry highly relies on model prototypes. Rising need for escalating product design phase for developing new products is leading to increased adoption of cloud-based 3D CAD packages. Prototypes developed with the help of such software help enhance the quality of actual production schedule.Leading automotive players such as Honda Motor Co., Ltd., Volkswagen AG, Toyota Motors Corporation, Renault S.A., General Motors Company, and Austin Martin Lagonda Global Holdings Plc have implemented 3D CAD software for designing and manufacturing their products.

3D CAD software has played a significant role in transforming the construction industry by enabling users to achieve improved design quality, optimize productivity, and enhance overall presentation of architectural designs. The software offers a realistic depiction of the product by enabling users to create a detailed dimension of each part of architectural design. This has boosted the adoption of the software among architects and construction firms. Furthermore, with increasing focus on smart housing and sustainable living, real-time 3D modeling is poised to play a significant role in designing contours of construction.

Regional Insights

North America led the global arena in 2018 by contributing more than one third of the overall revenue. As the construction industry is witnessing continuous growth, the demand for CAD software is poised to experience an upswing over the next few years. Initiatives carried out by the U.S. government for implementation of digitization solutions are likely to boost the growth of the manufacturing sector in the country, thereby stimulating the adoption of 3D CAD software.

Asia Pacific is expected to register the highest CAGR over the forecast period. This growth can be attributed to expanding regional manufacturing and AEC sectors. The manufacturing sectors in South Korea and Taiwan still rely on traditional methods for product designing and fabrication, creating high growth potential for industry players. Exponential growth in Indias engineering design and development industry is estimated to spur the adoption of modeling and designing tools over the forecast period, thereby bolstering the growth of the regional market.
Following the implementation of mandatory use of Building Information Management (BIM) in the U.K., MEA has also introduced BIM mandate for Mechanical, Electrical, and Plumbing (MEP) and architecture projects. Moreover, the growth of e-sports and advanced graphic movies, coupled with flourishing oil & gas sectors, is anticipated to unfold new opportunities in the region.

3D CAD Software Market Share Insights

Dassault Systemes, Autodesk Inc., Siemens PLM Software Inc., PTC Inc., and Oracle Corporation are some of the leading companies operating in the market. These companies are observed adopting inorganic growth strategies such as acquisitions, mergers, and partnerships to cope with increasing competition. Recently, in November 2018, PTC Inc. acquired Frustum Inc. The acquisition is projected to leverage the expertise of Frustum in 3D printing, combining it with Creo to provide an effective design and simulation experience to users.

Furthermore, solution providers are focusing on developing products and solutions to cater to a specific industry vertical. For instance, in April 2018, Autodesk Inc. launched an update for Fusion 360, which helped various industries, especially automotive & aerospace, enhance product designs.

Key Insights Covered: Global 3D CAD Software Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of 3D CAD Software industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of 3D CAD Software industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of 3D CAD Software industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of 3D CAD Software industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of 3D CAD Software industry.

Research Methodology: Global 3D CAD Software Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other