3D CAD Software Market To Generate Revenue Worth $16,748.5 Million by 2030

The global 3D CAD software market is projected to generate $16,748.5 million revenue by 2030, advancing at a CAGR of 6.8% during 2021–2030. This can be ascribed to the rapid transformations and advancements in the IT industry, the availability of easy-to-use solutions on the ease-of-use basis, the surge in the use of computer-aided design in the automotive industry coupled with manufacturers’ increased focus on additive manufacturing, and the emergence of cloud-based platforms for 3D CAD software.

On-Premises Deployment Contributes the Majority of Revenue

Based on deployment type, the on-premises category accounted for a larger revenue share, of more than 78%, in 2021, and it is further expected to maintain its position during the forecast period. This is attributed to its high data security feature, more convenient for users to retain all information and data easily on their systems, and such deployment type is widely used in highly regulated sectors such as medical, healthcare, and government institutions.

On the other hand, the cloud-based category will register faster growth in the coming years. This can be ascribed to the high adoption rate of cloud solutions by numerous businesses from a wide range of industries, due to numerous benefits such as collaborative interface, increased capacity to share designs with stakeholders, the cohesion of data management, and greater accessibility to crucial data at any time.

Based on application, the manufacturing category held the highest revenue in 2021 and is further expected to maintain its dominance in the future. This is ascribed to the widespread usage of such software for prototype designing in the growing manufacturing sector and helps in advanced engineering designs.

Whereas, the healthcare category will witness significant growth during the forecast period. This can be due to the 3D CAD software's capacity to design 3D models using data included in medical imaging generated from MRI and CT scans. Additionally, the significant use of 3D CAD models for scheduled surgeries, particularly for the implantation of medical devices and prostheses, is creating a significant demand for such software in the healthcare sector.

Geographically, North America accounted for the highest revenue in 2021 and is further expected to maintain its market dominance during the forecast period. This is due to the rising usage of CAD solutions in several end-use industries such as automotive, healthcare, electrical and electronics, and defense; their surging need for escalating the designing and manufacturing processes to decrease the designing time; the growing construction sector where such design solutions are highly needed; and government measures to deploy digitization solutions, in the region.

On the other hand, the APAC market will register the fastest growth during the forecast period. This can be attributed to the rising adoption of such design solutions in the rapidly growing automotive, aerospace, defense, and healthcare sectors for designing prototypes of several products; and the rising R&D spending in emerging economies, such as China and India, to become technologically advanced.

Some of the major players operating in the 3D CAD software market are Autodesk Inc., Dassault Systèmes SolidWorks Corporation, PTC Inc., Bentley Systems Inc., 3D Systems Inc., Hexagon AB, and Aveva Group PLC.