[197+ Pages Report] The latest findings and offers on the 3D CAD market released by Facts & Factors encompass the current market statistics and analysis. We at Facts & Factors estimated that the global 3D CAD market valued USD 10.3 Billion in the year 2020 and will grow at a CAGR of 6.8% to an overall value of USD 13.2 Billion by 2026.
Global 3D CAD Market: Overview
3D CAD or 3D CAD software is a computer-simulated technology that is often used for aiding in a wide variety of technical and design processes while replacing manual drafting tools with an automated and hassle-free process. These software solutions help in visualizing objects using a collection of objects on a three-dimensional space and further simulate these designs by performing in the same manner as they will in real life.
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Global 3D CAD Market: Growth Factors
The driving forces for the primary 3D CAD market include the integration of 3D CAD software in the manufacturing sector coupled with the emergence of a cloud-based platform for 3D CAD software aimed at increasing streamlining processes and design flexibility to name a few. Additionally, the integration of SaaS services offered by CAD software tools coupled with the rising focus of the technology on designing, wrapping, boxing, and bottling consumer goods is expected to increase the footprint of the global 3D CAD market during the advent of the forecast period. Moreover, rising demands for precise designing, digitalization, and complex prototyping in various sectors such as automotive, manufacturing, and aerospace are expected to boost the growth of the global 3D CAD market during the forecast period.
The global 3D CAD market is expected to be driven by the integration of advanced technologies such as AI coupled with rising technological-based adoptions in the automotive industry to name a few. Growing demand for customized and personalized solutions by consumers coupled with increasing demand for 3D printing measures is expected to boost the growth of the global 3D CAD market during the advent of the forecast period. However, rising technical complexities coupled with the rising initial cost are expected to decrease the market share for the global 3D CAD market during the advent of the forecast period.
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Global 3D CAD Market: Segmentation
The global 3D CAD market is segmented into deployment mode, application, and regions.
The global 3D CAD market is divided into on-premise and cloud-based on the basis of deployment mode. The segment pertaining to on-premise deployment is expected to witness the largest market share during the advent of the forecast owing to the convenient application of solutions for large-scale issues coupled with rising demand from medical, healthcare, and government institutions to name a few. Additionally, factors such as higher flow of information and rising number of data security attributes are expected to cement the growth of the latter segment to a higher market share during the advent of the forecast period. Based on application, the global 3D CAD market is classified into architecture, engineering, and construction (AEC), manufacturing, automotive, healthcare, media & entertainment, and others. The manufacturing segment is expected to witness the largest market share during the advent of the forecast owing to the rising usage by OEMs for simulating moving parts in the manufacturing sector coupled with the rising demand for intricate production of parts to name a few. The segment pertaining to healthcare is expected to witness the fastest growing CAGR during the advent of the forecast period owing to increased functionality of 3D CAD for creating models from data obtained from imaging software coupled with the integration of the latter into surgeries and implantation processes to name a few.
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Global 3D CAD Market: Regional Analysis
North America is expected to witness the largest market share during the advent of the forecast owing to favorable government policies for integrated deployment of 3D CAD software coupled with a well-established manufacturing sector in the region to name a few. Additionally, a rising presence of key market players in the region coupled with increasing digitalization measures is expected to increase the footprint of the 3D CAD market during the advent of the forecast period. The region of Asia-Pacific is expected to witness the fastest growing CAGR during the advent of the forecast owing to the rising number of AEC and manufacturing regions coupled with the integration of designing and modeling tools to name a few. Moreover, rising demand for 3D CAD software can be expected from the sectors of advanced graphic movies, e-sports, and oil & gas is expected to further cement the dominant market position of the region in terms of a global purview.
Global 3D CAD Market: Competitive Players
The key market participants for the global 3D CAD market are Autodesk, Inc., Bentley Systems, Inc., Hexagon AB, Oracle, PTC, Siemens, Dassault Systems Solidworks Corp, Schott Syteme GmbH, ZWSOFT Co. Ltd., and Aveva Group plc., among others.
Browse detail report with in-depth TOC @ Global 3D CAD Market, 2021-2026
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