The Global Market for 3D CAD is Projected to Reach US$7.3 Billion by 2022

Undying Focus on Improving Engineering Productivity Drives the Global 3D CAD Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global 3D market. The global market for 3D CAD is projected to reach US$7.3 billion by 2022, driven by the continuous focus on improving engineering productivity by accelerating the design process, growing adoption of 3D CAD in Product Lifecycle Management (PLM) solutions, and increased acceptance of 3D printing.

Defined as a computer software tool for creating technical and engineering drawings of product prototypes in three dimensional (3D) vector based drafting systems, 3D CAD helps create realistic digitally constructed images. The world today is in the midst of significant changes to how products are designed, developed and introduced. Going beyond traditional CAD, 3D CAD (computer aided design) is revolutionizing design agility in ways hitherto unimagined. Given that most of the critical, high impact changes are made only in late stage product development, the most important advantage offered is the flexible modeling agility that provides the power to make late stage design changes. Adoption of 3D CAD is driven by the technology’s numerous benefits including reduced downstream errors, lower chances of misinterpretation and elimination of design ambiguity. Furthermore, 3D CAD enables building of newer concept designs on to existing 3D models, simplifying design re-use.

As a visually exciting way to convey illustrative information, 3D CAD is expected to score lucrative gains in the coming years driven by advanced features for use in 3-axis programming, rapid prototyping, as well as sheet-metal manufacturing where 3D modeling enables the generation of NC tool-path facilitating required bend allowances in engineering. The ongoing transition to cloud computing technologies and adoption of the technology in design tool combined with advancements in cellular technologies is also set to drive growth in CAD software over the review period. Also encouraging growth in the market is the evolving era of Internet of Things (IoT) and the need for web-enabled devices with high performance and diagnostic capabilities. 3D CAD is also expected to benefit from the growing demand for 3D printing in manufacturing environments. With CAD software being increasingly utilized by academic institutions as well as hobbyists, growth is further anticipated to increase in the coming years. Increasing investments in R&D in the electronics and mechanical industry will translate into greater opportunities for 3D CAD software. 3D CAD Cloud is growing in prominence in the era of cloud computing. 3D printing is touted to spur advances in the healthcare sector, with the technology being used in applications ranging from printing drugs and medical devices to printing implants and artificial bones. 3D CAD software enables the creation of 3D model which can then be printed layer by layer with materials such as ceramic, metal or plastic.

As stated by the new market research report on 3D CAD the United States represents the largest market worldwide supported by the proliferation of the technology in a number of sectors including film-making, healthcare, and jewelry. Asia-Pacific ranks as the fastest growing market with a CAGR of 8.6% over the analysis period, led by factors such as rapid industrialization, growing investments in intelligent manufacturing, and outsourcing of 3D modeling services in areas such as building architecture and mechanical machine parts to low cost countries in the region.

Major players covered in the report include Ashampoo GmbH & Co. KG, Autodesk, Inc., Bentley Systems, Incorporated, CAXA Technology Co., Ltd., Chempute Software (Pty) Ltd., Dassault Systèmes, Dassault Systèmes SolidWorks Corporation, Nemetschek Group, Graphisoft SE, Intergraph Corporation, Kubotek USA, Inc., PTC, Inc., PROCAD Software Ltd., Siemens PLM Software, VariCAD, and ZWSOFT among others.

The research report titled “3D CAD: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections with Annual Revenue Figures in US$ Million for all major geographic markets including U.S., Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.

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