3D CAD Software Global Market Report 2024

The 3D CAD software market size has grown strongly in recent years. It will grow from $10.43 billion in 2023 to $11.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historical period can be ascribed to the globalization of design and manufacturing, the increasing complexity in product design, the emergence of simulation and analysis tools, and a heightened focus on product lifecycle management.

The 3D CAD software market size is expected to see strong growth in the next few years. It will grow to $14.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to the rapid expansion of industries such as automotive and healthcare, the heightened adoption of building information modeling (BIM), and a concerted focus on sustainable design. Key trends expected in the forecast period encompass advancements in artificial intelligence (AI) and machine learning (ML), technological progress, the utilization of mobile CAD applications, collaborative efforts in open BIM, and advancements in parametric modeling.

The anticipated surge in demand from the burgeoning automotive sector is poised to act as a primary driver for the 3D CAD software market in the forthcoming period. CAD technology finds multifaceted applications in automotive engineering and design processes, facilitating prototyping and delivering heightened precision to streamline operational workflows. Its integration enables the refinement of product designs, thereby fostering business expansion. Notably, in 2021, electric car sales surged to 6.6 million units from 3 million units in 2020. Additionally, India witnessed an upswing in car manufacturing, reaching 30.82 lakh units in 2021 as opposed to 24.33 lakh units in the preceding year. Consequently, the escalating demand for 3D CAD software in the automotive manufacturing domain is anticipated to fuel growth within the 3D CAD software market.

The escalating adoption of 3D printing is also projected to be a significant catalyst propelling the 3D CAD software market in the forecasted timeframe. 3D printing, a technology that fabricates three-dimensional objects layer by layer from digital models, extensively utilizes 3D CAD software tools. These tools facilitate the creation of intricate and precise 3D models directly translatable into 3D-printed objects. For instance, according to the 'AZoM - The Online Materials Science Community', approximately 2.2 million 3D printers were shipped globally in 2021, and this figure is estimated to skyrocket to 21.5 million units by 2030. As such, the burgeoning adoption of 3D printing technology is poised to be a driving force behind the continual growth of the 3D CAD software market.

The landscape of the 3D CAD software market is being significantly shaped by rapid technological progress. These advancements within 3D CAD software entail the enhancement of operational standards by revolutionizing production processes through technological interventions, thereby rendering production more efficient, improved, and expedited. For instance, in March 2022, Autodesk, an esteemed American multinational software corporation, introduced AutoCAD 2023. This latest iteration aims to empower designers by providing enhanced insights, fostering seamless collaboration, and automating diverse processes throughout the creation of 3D models and designs. Notably, this innovative software enables the automatic incorporation of feedback into drawings, mitigating the risk of errors and expediting the design process, ultimately saving valuable time for users.

Prominent entities within the 3D CAD software market are directing their focus toward pioneering solutions, particularly in the realm of 3D CAD software packages. These packages, commonly known as Computer-Aided Design (CAD) software, constitute sophisticated computer programs meticulously crafted for the creation, manipulation, and optimization of three-dimensional (3D) digital object models. For instance, in February 2021, Dassault Systèmes SE, a renowned France-based software company, unveiled two novel software packages including 'sOLIDWORKS for Makers' and 'sOLIDWORKS for Students.' The 'sOLIDWORKS for Makers' software targets digital design enthusiasts seeking to showcase their 3D projects to a broader audience. This package grants access to an array of specialized 3D design applications including SOLIDWORKS Professional, 3D Creator, and 3D Sculptor, catering to both engineering and artistic aficionados with a comprehensive suite of tools. 'sOLIDWORKS for Students' aims to bolster the employability of engineering and design students. This package encompasses SOLIDWORKS Student, 3D Designer Student, Collaborative Business Innovator, and Collaborative Industry Innovator. Its primary focus lies in nurturing vital skills essential for success in contemporary engineering and collaboration arenas, thereby preparing students for the demands of the modern industry landscape.

In May 2021, Autodesk, a software company headquartered in the United States, finalized the acquisition of Upchain for an undisclosed sum. Integrating Upchain into the Autodesk portfolio further propels our objective of delivering an advanced software platform for design and manufacturing. This acquisition enhances customer benefits by eliminating collaboration obstacles, enhancing efficiency, and fortifying resilience. Upchain, operating within the 3D CAD software market, is a US-based provider of instantly accessible, cloud-based solutions for product lifecycle management (PLM) and product data management (PDM).

Major companies operating in the 3D cad software market report are Siemens PLM Software Inc., Oracle Corporation, Intergraph Corporation, Hexagon AB, Autodesk Inc., Trimble Inc., ANSYS Inc., Parametric Technology Corporation, Dassault Systèmes, Bentley Systems Inc., Nemetschek Group, ZWSOFT Co. Ltd., Altair Engineering Inc., 3D Systems Inc., Corel Corporation, ESI Group, Graebert GmbH., ActCAD LLC, Onshape Inc., IronCAD LLC., Kubotek Corporation, Cadonix Ltd., Bricsys NV, CAXA Technology Co. Ltd., Graphisoft SE, Schott Systeme GmbH, SolidWorks Corp., Cimatron Ltd., TurboCAD, Encore Software, Ashlar-Vellum, CAD Schroer GmbH, CADENAS GmbH, Tech Soft 3D, OPEN MIND Technologies AG, Dassault Systèmes SolidWorks Corp., 3D Systems Corporation.

North America was the largest region in the 3D CAD software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3D CAD software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 3D CAD software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The deployment options for 3D CAD software encompass both cloud-based and on-premise solutions. Cloud 3D CAD software is accessible over the internet through servers provided by cloud computing services. This cloud-based environment offers convenient access to a centralized repository containing saved schematics, schematic symbols, 2D drawings, 2D footprints, and 3D models. The various enterprise sizes targeted by 3D CAD software applications include small businesses, midsize enterprises, and large enterprises. These applications find diverse uses across industries such as automotive, architecture, healthcare, manufacturing, construction, media and entertainment, engineering, and others.

The 3D CAD software market research report is one of a series of new reports that provides 3D CAD software market statistics, including 3D CAD software industry global market size, regional shares, competitors with a 3D CAD software market share, detailed 3D CAD software market segments, market trends and opportunities, and any further data you may need to thrive in the 3D CAD software industry. This 3D CAD software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The 3D CAD software market includes revenues earned by entities by providing services such as design ideas, visualize concepts and simulate how designs perform in the real world. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.