Global 3D CAD Software Market by Deployment (On-premise, Cloud), by Application (Manufacturing, Healthcare) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global 3D CAD software market was valued at USD 9.46 Billion in 2020. It is expected to grow at a compound annual rate (CAGR of 6.4%) between 2021 and 2028. Market growth is expected to be driven by the increasing use of computer-aided designing in the automotive industry and manufacturers' increased focus upon additive manufacturing. Further driving market growth is the emergence of a cloud-based platform that allows 3D CAD software to be used. Cloud-based architecture is increasingly being used by many companies to improve workflows and design flexibility. PTC purchased Onshape Inc. (a Software as a Service) product design platform in October 2019. This was to help them transition to a cloud-based SaaS platform and attract new customers.

Market growth is also expected to be driven by the increasing use of 3D CAD software technology within the packaging industry. This software can be used for various purposes such as designing, wrapping and boxing consumer goods. This market will also be driven by growing demand for digitalization, precise designing, and complex structure prototyping, in the aerospace, automotive, and defense sectors. Many functions use 3D CAD outsourcing services, such as engineering. This allows them to concentrate on the design and production of core products. The demand for 3DCAD software solutions is increasing due to the preference of end-users towards customized solutions.

To attract more customers, the key players are providing customized and personalized solutions for their clients. Autodesk Inc. and SolidWorks Corporation are some of the major players that offer customization options in their product offerings. 3D CAD software such 3D printing allows for the creation of three-dimensional models using computer-aided design technology. Growing funding allows 3D printing technology to be used to produce a variety items from different materials depending on end-users' needs.

Large companies are now incorporating 3D printing technology into their business to provide a superior solution for clients and to gain competitive advantage. Autodesk Inc., for instance, integrated Netfabb's 3D printer software into Fusion 360 in January 2021. Fusion 360 is the company's first 3DCAD, CAM and CAE tool. Netfabb users had full access to Fusion 360, HSMWorks and Fusion 360 after the incorporation. The increased investment in state of the art technologies increases competition among players. This allows them to create products with cutting-edge technology, such as Augmented Reality and the Internet of Things. This advanced technology allows users to accelerate the creation and design process by combining digital designs with physical products.

Virtual Reality (VR), has been developed as an auxiliary technology to 3D CAD. It allows users to see how the designs will perform in real life. VR technology allows users to see the virtual model and detect any defects. This technology is expected to be beneficial for many industrial works, particularly in aerospace and automotive. It has proven cost-saving and error-reducing. To reduce the competition and offer the best products on the market, major companies have invested in Research & Development (R&D).

The market growth was negatively affected by the lockdowns that several governments imposed in 2020 and 2021 to stop the spread of COVID-19 have been a problem. Many industries, including media & entertainment and manufacturing, had to stop their current projects or terminate future assignments. This caused a slowdown in market growth. Companies are creating strategies to deal with the situation and compensate for lost profits after the pandemic. The increasing number of mergers and acquisitions by large engineering firms, as well as increased outsourcing, has compelled small and medium-sized companies to invest in digital simulation tools to drive market growth.

Information on Deployment

In 2020, the on-premise segment was responsible for 82% of the total revenue. This is due to the technology's high data or information security. Because all design and information can be easily retained on the systems, software users find it easy to deploy an on-premise solution. End-users working in highly regulated areas such as healthcare and government are the ones who deploy on-premise solutions. These solutions are gaining popularity because they allow for collaboration, significant data and design reuse, quality assurance, and reduction or elimination errors due to version control issues.

Cloud segment is expected to experience the fastest CAGR at over 11.0% between 2021 and 2028. Cloud-based platforms have seen a dramatic increase in demand over the past few years due to their many advantages such as improved collaboration, sharing designs with stakeholders and an integrated data management system. Cloud-based CAD software is increasingly being used by companies in response to the coronavirus pandemic. It allows employees remote access to software that can produce and modify technical drawings. EnSuite-Cloud, which is a cloud-based CAD viewer, was launched by CADCAM-E.COM, Inc. in May 2020 to allow remote work during the ongoing COVID-19 crisis.

Application Insights

Manufacturing accounted for more than 25% of the total revenue in 2020. It will continue to grow at a steady CAGR between 2021 and 2028. This is due to the widespread use of 3D CAD software for prototype designing in the manufacturing sector. This software allows Original Equipment Manufacturers (OEMs), to simulate the movement of parts during the production process. This is driving the segment's growth. The media and entertainment segment will also see significant growth during the forecast period. This is due to the use of software in media houses for animation and advertising. Other segments, including education, government, utilities and aerospace & defence sectors, are also expected to see significant growth during the forecast period. Software is being used by the aerospace and defense industry to detect small defects in models before they are sent to the production house.

From 2021 to 2028, the healthcare sector is expected to experience the highest CAGR. 3D CAD software is able to create 3D models using information from medical images such as MRI or CT scans. This segment is experiencing significant growth due to the widespread deployment of 3D CAD models, particularly for prostheses and implantations of medical devices. From 2021 to 2028, the segment Architecture, Engineering, and Construction (AEC), is expected to experience the second-fastest CAGR. Operators can create a detailed dimension for each architectural fragment using the software, which allows them to accurately represent the artifact. This has helped architects and contractors to implement the software. Real-time 3D modeling will play an important role in the design of construction outlines, which is fueling AEC segment growth.

Regional Insights

North America had the largest revenue share at 33% or more in 2020. It is expected to continue its dominance during the forecast period. The U.S. government's support for digitization solutions will help to boost the region's manufacturing sector and encourage the use of 3D CAD software solutions. Market growth is also fueled by the presence of key players such as Autodesk Inc. and Dassault Systemes SolidWorks Corp. Europe held a large market share in 2020. This is expected to continue to grow from 2021-2028, as more AEC companies in the U.K. are deploying Building Information Management (BIM).

Asia Pacific will experience the fastest CAGR between 2021 and 2028 due to a growth in AEC and manufacturing businesses in the region. The region's rapid growth in engineering, design and development will likely boost adoption of modeling and designing tools during the forecast period. Over the forecast period, significant growth is expected in the Middle East & Africa region. Regional market growth will be driven by the significant increase in 3D CAD software deployment in advanced graphic movies and oil&gas sectors.

Market Share Insights & Key Companies

Due to the presence of many players, the market is somewhat fragmented. 3D CAD software allows companies to minimize production errors and maximize the use of technology and other resources. Key players have procurement teams that are based in the major revenue-generating countries to procure goods or services from various suppliers. These criteria include sustainability, total cost of ownership and credentials. They also consider supplier creativity and innovation. Contract commitments and quality of the solution. Key market players sell their products through both direct and indirect channels, which include distributors and resellers.

Major companies invest heavily in R&D to integrate emerging technology and create software solutions that are unique. This gives them a competitive edge over their competitors. Autodesk, Inc., for example, launched Autodesk Takeoff in March 2021. This feature allows estimators to perform 2D and 3D quantification using various tools. This new feature allows for increased collaboration, accuracy, speed, and efficiency in the estimation process. Technology providers are focused on creating solutions that cater to specific industries and integrate advanced technologies such as VR, AR and IoT to meet specific industrial requirements. The following are key players in the global 3D CAD market:

• Autodesk, Inc.

• Bentley Systems, Inc.

• Hexagon AB

• Oracle

• PTC

• Siemens

• Dassault Systemes SolidWorks Corp.

Up Market Research published a new report titled “3D CAD Software Market research report which is segmented by Deployment (On-premise, Cloud), by Application (Manufacturing, Healthcare), By Players/Companies Incorporated; and Oracle Corporation, Dassault Systemes; Autodesk Inc; Siemens PLM Software Inc; PTC Inc; Bentley Systems”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global 3D CAD Software Market Report Segments:

The market is segmented by Deployment (On-premise, Cloud), by Application (Manufacturing, Healthcare).

3D CAD Software Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the 3D CAD Software Market

Overview of the regional outlook of the 3D CAD Software Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The 3D CAD Software Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of 3D CAD Software Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. On-premise

                2. Cloud

                1. Manufacturing

                2. Healthcare

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the 3D CAD Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the 3D CAD Software Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.