3D CAD Market Size, Share, Technology, Key Players, Growth Rate and Demand by 2023

The global 3D CAD market is growing at a CAGR of 4.9% during the forecast period and will reach $7,256.2 million by 2022. Due to rapid transformation in design software industry and demand for easy mobile access to 3D CAD, the global 3D CAD market is gaining traction.

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Image result for 3D CADSolid model led the global 3D CAD market. Among various applications, automotive accounted to be the largest revenue in global 3D CAD market; however, arts is expected to witness the highest growth in demand of 3D CAD solutions during the forecast period. Among regions, 3D CAD market is expected to witness fastest growth in demand from Asia-Pacific, during the forecast period.

Geographically, Americas has been the largest market for 3D CAD, where the U.S. has been the largest contributor to the regional market. China has been the major market in Asia-Pacific. In Europe, Middle-East and Africa (EMEA), Germany is expected to be the fastest growing regional market during the forecast period.

The factors driving the growth of the market include shift from 2D CAD to 3D CAD, use of 3D CAD in packaging machinery, and increasing product recalls in automotive industry. Industries, such as automotive, defense, aerospace and industrial machinery, are utilizing the advantages of 3D CAD to digitally prototype their products before production. 3D CAD enables designers with advanced analysis tools to do everything from simulating the flow of fluid to measuring vibrations in key structural components.

The major companies operating in the global 3D CAD market include Autodesk, Inc., Bentley Systems Inc., Dassault Systèmes, PTC, 3D Systems Inc., Aveva Group Plc and Hexagon.

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