Undying Focus on Improving Engineering Productivity in Highly Competitive Industries like Automotive, Construction & Aerospace to Benefit the Global 3D CAD Market


Strong emphasis shed on improving the productivity of engineering and manufacturing teams in competitive industries such as automotive, construction, aircraft, medical devices and implants manufacturing and heavy machinery designing is poised to drive the global market for 3D CAD to reach US$7.3 billion by 2022.   

The world today is in the midst of significant changes to how products are designed, developed and introduced. While these changes are being formulated and propagated with the aid of various IT tools, three-dimensional (3D) Computer Aided Design (CAD) has come to fore as the most creative approach to streamline the product design and modeling across various scenarios. Going beyond traditional 2D CAD, 3D CAD is revolutionizing design agility in ways hitherto unimagined. With production environments opting for 3D modeling, the ongoing shift from 2D to 3D is paving way for stupendous growth in the global 3D CAD market. 3D CAD has already solidified its role in various CAD verticals including Industrial Products, Automotive, Aerospace, Architectural/ Engineering/Construction (AEC), Mechanical/Electrical/ Plumbing (MEP), Media & Entertainment, Prosthetics, and Jewelry, among others.

Driven by intensified demand for advanced IT tools that aid in 3-axis programming, rapid prototyping, as well as sheet-metal manufacturing, 3D CAD is expected to post robust gains in the upcoming years. Northbound momentum in R&D spending in the electronics and mechanical industries is likely to translate into greater opportunities for 3D CAD. 3D CAD is also expected to benefit from the growing demand for 3D printing in production environments. Another noteworthy driver would be the increased role of cloud-based 3D CAD. Ongoing proliferation of Software-as-a-Service (SaaS) in enterprise IT is likely to rev up opportunities for Cloud 3D CAD, while driving overall revenues. 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. Demand for 3D CAD is also likely to increase, with software providers extending their post-sales services to include software education and in-house training. As CAD software is increasingly being utilized by academic institutions as well as hobbyists, progressive growth is anticipated.

As stated by the new market research report on [3D CAD] the United States represents the largest market worldwide. 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 in the market include Ashampoo GmbH & Co. KG, Autodesk Inc., Bentley Systems Incorporated, CAXA Technology Co. Ltd., Chempute Software (Pty) Ltd., Dassault Systèmes SE, Dassault Systèmes SolidWorks Corporation, Graphisoft SE, Hexagon PPM, Kubotek3D, Nemetschek Group, PROCAD Software Ltd., PTC Inc., Siemens PLM Software, Trimble Inc., VariCAD s.r.o., and ZWSOFT Software Co. Ltd., among others.

The research report titled “3D CAD – Market Analysis, Trends, and Forecasts” 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.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

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