The global 3D CAD software market is expected to reach USD
13.12 billion by 2025, according to a new report by Grand View Research, Inc.
The market is expected to witness a CAGR of 5.8% over the forecast period,
owing to increasing adoption of 3D printing and cloud-based CAD solutions has
revolutionized the engineering software industry. Moreover, the advent of
industrialization has led to the emergence of quality checks and inspection
agencies to examine the entire product development and production processes.
This has led manufacturers to meet the requirements of regulatory bodies. The
need for meeting these rules and regulations are compelling product developers
to adopt 3D CAD software to create quality products.
Furthermore, the increased focus
on improving productivity by augmenting the design process is expected to boost
the adoption of 3D CAD software. The need for product visualization and rapid
prototyping is driving market growth. Additionally, end markets are focusing on
outsourcing design and drafting services to boost their productivity. The need
for faster time-to-market for offering reliable designs has facilitated the
trend of design outsourcing. As these tools and solutions have become
increasingly reliable and accurate over time, several industries such as
aerospace, automotive, and manufacturing have transitioned from 2D to 3D
solutions.
The competitiveness in this
industry has intensified as solution providers have started collaborating with
associated technology providers to expand into new markets. Customers
consistently expect upgrades in the existing design and drafting products, as a
result of which developers are heavily investing in R&D activities.
U.S. 3D CAD software market,
by deployment, 2014 - 2025 (USD Billion)
Browse full research report on 3D CAD Software Market:
Further key findings from
the report suggest:
- The cloud segment is expected to witness
the fastest growth due to the increasing transition from on-premise to
cloud-based solutions
- The healthcare segment is anticipated to
grow at a CAGR of over 7% from 2017 to 2025; this growth can be attributed
to increasing regulations such as those imposed by the Food and Drug
Administration (FDA) and Dubai Health Authority (DHA) on the development
of customized medical devices
- The Asia Pacific 3D CAD software market
is expected to emerge as the fastest-growing regional market; a huge
potential exists for solution providers to tap the local market as the
regional manufacturing sector still relies on traditional product
designing methods
- Key industry players include Dassault
Systemes, Autodesk, Inc., PTC, Inc., and Siemens PLM Software, Inc.
- Major players are competing through
investments in sales and marketing to effectively reach a large number of customers
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-3d-cad-software-market
About Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed business
decisions, the company offers market intelligence studies ensuring relevant and
fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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