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.
Browse full research report on Global
3D CAD Software Market: http://www.grandviewresearch.com/industry-analysis/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
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/digital-media
Grand View Research has segmented the 3D CAD software market
based on deployment, application, and regions:
3D CAD Software Deployment Outlook (Revenue, USD Million;
2014 - 2025)
- Cloud
- On-premise
3D CAD Software Application Outlook (Revenue, USD
Million; 2014 - 2025)
- AEC
- Manufacturing
- Automotive
- Healthcare
- Media & Entertainment
- Others
3D CAD Software Regional Outlook (Revenue, USD Million;
2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East and Africa
About Grand View Research
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment