May 2024 | Report Format: Electronic (PDF)
3D CAD Software Market Growth & Trends
The global 3D CAD software market size is expected to reach USD 17.34 billion by 2030, registering a CAGR of 6.7% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The demand for 3D CAD (Computer-Aided Design) software is expected to remain strong in the forecasted period due to the increasing use of 3D modeling and simulation across various industries, including automotive, aerospace, healthcare, and consumer goods. The trend of shifting toward remote work and digital collaboration continues as companies realize the benefits of using 3D modeling and simulation tools to reduce product development costs and time-to-market.
The advancement in computer hardware, graphics processing, and software development have made it possible to create powerful 3D CAD software that can handle complex designs and simulations, which led to the development of more sophisticated and efficient 3D modeling, analysis, and simulation tools. CAD software has made it easier for teams to collaborate on design projects and share information across different departments and locations, leading to increased efficiencies and productivity and reduced errors and rework. With the growth of manufacturing and product development industries, there is a higher demand for advanced design and prototyping tools. The CAD software provides an efficient and cost-effective way to create accurate and detailed product designs that can help companies save time and money.
The use of this software has expanded beyond traditional manufacturing industries to include architecture, construction, and even healthcare, leading to the growth of specialized software tools for the industries, further fueling the 3D CAD software market’s growth. With the rise in 3D printing technology, there is an outburst in demand for 3D modeling software that generates accurate and optimized designs for 3D printing. This has led to the development of specialized software tools tailored to the needs of 3D printing users.
The growth of software in the European 3D CAD software market is increasing due to the adoption of cloud-based 3D CAD solutions. Cloud-based solutions offer several benefits, such as easy accessibility, scalability, and cost-effectiveness, which drive their adoption among small and medium-sized enterprises in Europe. Moreover, the increasing focus on digitization and industry 4.0 initiatives in Europe is expected to drive further the adoption of this software solution in the region. The European Union’s Horizon 2020 program, which promotes innovation and research in various industries, is also expected to boost the region’s demand for advanced design and prototyping tools.
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3D CAD Software Market Report
3D CAD Software Market Report Highlights
- The cloud-based deployment segment is anticipated to witness the fastest CAGR of nearly 8.3% from 2023 to 2030 due to the availability of CAD solutions as Infrastructure-as-a-Service (IaaS), which allows end-use industries to reduce their total cost of implementation and ownership
- Based on end-use, the healthcare segment is expected to expand at the fastest CAGR from 2023 to 2030 and surpass a revenue of USD 2,800 million by the end of the forecast period. This growth can be attributed to the rising deployment of CAD solutions in the healthcare sector owing to the increasing awareness of early diagnosis and the high prevalence of chronic and critical diseases
- Asia Pacific is anticipated to register the highest CAGR of more than 8.0% over the forecast period owing to the significant demand for 3D modeling software solutions in the automotive, construction, and manufacturing industries
3D CAD Software Market Segmentation
Grand View Research has segmented the global 3D CAD software market based on deployment, application, and region.
3D CAD Software Deployment Outlook (Revenue, USD Billion, 2018–2030)
- Cloud
- On-Premises
3D CAD Software Application Outlook (Revenue, USD Billion, 2018–2030)
- AEC
- Manufacturing
- Automotive
- Healthcare
- Media and Entertainment
- Others
