3D CAD Software Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the 3D CAD software market was valued at USD 10.4 billion in 2022, and a CAGR of 7.1% is expected during the forecast period. 3D CAD software is used by engineers, designers, architects, and professionals to create and edit 3D models of products, buildings, and other structures. Increasing demand for it in manufacturing, construction, and other industries is driving the demand for this software in the market significantly.

Several tools, such as growth in the manufacturing industry and an increase in infrastructure development along with technological advancements, are driving the growth of the market significantly. Remote work cultures, cloud-based solutions, and the advent of artificial intelligence are driving growth in the market.

Impact of Covid-19

Increased demand for remote collaboration tools and driving adoption of cloud-based CAD solutions were the positive impacts of the pandemic on the 3D CAD software market. When remote work became more prevalent, companies invested in digital design and prototyping tools to facilitate the development of virtual products. The pandemic also led to disruptions in supply chains and project delays across industries, affecting investment in new software licenses. Economic uncertainties prompted some businesses to defer or scale back spending on CAD software upgrades or expansions. Overall, the market saw shifts in demand, with a growing emphasis on cloud-based collaboration tools and digital transformation initiatives, along with temporary setbacks due to economic uncertainties and disruptions in the supply chain.

Growth Drivers

With the rise of Industry 4.0, there is a growing demand for digital design and manufacturing solutions to enhance efficiency, innovation, and productivity. As 3D printing and prototyping technologies continue to evolve, there is a corresponding need for sophisticated CAD software to design complex and functional models. Increasing demand from the automotive and aerospace sectors is fueling the demand for advanced CAD tools. With growing environmental concerns, there is a rising emphasis on sustainable practices.

The increasing need to optimize products for energy efficiency is driving the demand for CAD software. The recyclability of this software makes it even more useful in various applications, such as construction, engineering, and architecture. With urbanization and infrastructural development projects worldwide, there is a surge in demand for architectural and civil engineering CAD software to design buildings, roads, bridges, and other structures.

The automotive and aerospace sectors require CAD software for designing vehicles, aircraft, and components with high precision, fueling the demand for advanced CAD tools. Integration of AR and VR technologies into CAD software allows for an immersive design experience.

Segmentation

By Deployment Model

·         On Premises

·         Cloud-Based

By End-User Industry

·         Automotive

·         Aerospace and Defense

·         Architecture and Engineering

·         Manufacturing

·         Healthcare

·         Others

By Application

·         Solid Modeling

·         Surface Modeling

·         Assembly Modeling

·         Drafting and Annotation

·         Simulation and Analysis

·         Rendering and Visualization

Regional Outlook

·         Asia Pacific

·         Latin America

·         North America

·         Europe

·         Middle East and Africa

3D CAD Software Market by End-User Segmentation

On the basis of end-user, the 3D CAD software market is segmented into automotive, aerospace, manufacturing and defense, healthcare, and others. The automotive industry is the leading segment, and it is expected to dominate during the forecast period. Automobiles are highly complex products with numerous components and systems that require precise design and integration. It allows automotive engineers to create detailed 3D models of vehicles, parts, and assemblies, facilitating the design process and ensuring accuracy.

The automotive industry is highly competitive, with manufacturers vying for market share on a global scale. 3D CAD software enables companies to streamline their design processes and improve collaboration across geographically dispersed teams. By using 3D CAD software, automotive companies reduce the time and cost associated with the traditional design process. Manufacturers are trying to innovate and differentiate their products to meet consumer demands and regulatory requirements. It enables designers to explore new concepts, iterate quickly, and bring innovative designs to market faster. Increasing demand for 3D CAD software in healthcare sectors is also driving the market towards significant growth.

Regional Outlook

On the basis of the regions, the 3D CAD software market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Increasing adoption of cloud-based solutions and increasing technological development are growing the market significantly. Rising demand for automation and efficiency in the manufacturing industry is driving the growth of the 3D CAD software market significantly. The presence of major key players in the region is trying to deploy digitization solutions to enhance the development of the manufacturing industry in the region.

Asia Pacific is the fastest-growing region, with increasing urbanization and industrialization, along with the rising adoption of artificial intelligence in the 3D CAD software market. Increasing demand for this software in automation and the manufacturing industry is driving growth in the market. The extensive growth in the region’s engineering, design, and manufacturing industries is driving the growth in the market significantly. The increasing adoption of artificial intelligence, machine learning, and natural language processing along with this software is driving the growth of the market.

The 3D CAD software market is robust and competitive, with several key players dominating. Major companies such as Autodesk, Dassault Systems, Siemens PLM Software, and PTC offer advanced 3D CAD solutions tailored to various industries, including automotive, aerospace, manufacturing, and architecture. There are also smaller specialized firms providing niche software solutions catering to specific needs in the European market. The market is driven by technological advancements, the increasing adoption of 3D modeling in various industries, and the growing trend towards digitalization and automation.

The market in the Middle East, Africa, and Latin America is also growing steadily, albeit with some differences compared to Europe. Countries like the UAE, Saudi Arabia, and South Africa are witnessing steady growth. Driven by infrastructure projects, rapid urbanization, and industrialization, the presence of key players in the region is driving the growth of the market significantly. In Latin America, countries like Brazil, Argentina, and Mexico are experiencing a rise in demand for 3D CAD software in these regions, fueled by economic development, increasing investment in infrastructure, and the need for product innovation and efficiency.

Key Players

·         Autodesk

·         Bentley Systems

·         Dassault Systems

·         Hexagon AB

·         Siemens AG

·         PTC Inc

·         MicroStation

·         CATIA

·         Creo

·         SolidWorks

·         Other Players