The 3D CAD software market will reach a value of USD 16,748.5 million by 2030, powering at a rate of 6.8% in the years to come. This is because of the growing usage of 3D modeling and the increasing requirement for mobile-friendly and cloud-based 3D CAD solutions.
Furthermore, the acceptance of this sort of software is on the rise, because of the growing count of professionals in the designing field, particularly in automotive, aerospace & defense, and healthcare.
Solid model led the industry with a share, of over 65%, in 2021, and this will continue dominating the industry in the years to come as well, advancing at a considerable rate. This is because of the increasing requirement for greater manipulation, simulation, and modification in designs; and the growing requirement for most advanced modeling in 3D.
Moreover, this model supports designers to guarantee that an object looks precisely as required after manufacturing, and it offers a vision to the designers for making changes wherever essential, creating a considerable need for this model.
The cloud-based deployment category will register faster growth during the forecast period, advancing at a rate of more than 7.1%. This growth has a lot to do with its convenience of use, as it runs through a mobile app, web, or in a local browser, different from traditional CAD software connected on a local computer; it can be efficient through a remote server; and it is extremely preferred by designers, as it offers greater collaboration, efficient workflows, and option of designing from everywhere.
Furthermore, it is a lucrative software helping in improving the quality of design and boosting the designer productivity. The manufacturing category had the largest share in the recent past in the 3D CAD software market, and it will maintain its dominance by the end of this decade, advancing with a considerable CAGR. This is because of the growing investments in numerous 3D printing technologies, assisting in the manufacturing of several parts with numerous materials on the basis of end users’ requirements.
North America is the regional dominator, with a share, of about 32.6%, in 2021 and will maintain its dominance in the years to come as well. This is credited to the presence of numerous software providers, high research and development spending, and the mounting use of this kind of software in the manufacturing, automotive, healthcare, and media and entertainment industries.
It is due to the rapid transformations and advancements in the IT industry all over the world, the demand for 3D CAD software will grow by the end of this decade. This trend will continue in the years to come as well.
SOURCE: P&S Intelligence