3D Printing CAD Software Market Size, Share, Opportunities, COVID 19 Impact, And Trends By End-User (Healthcare, Automotive, Aerospace And Defense, Construction, Others), And By Geography - Forecasts From 2022 To 2027

The 3D printing CAD software market is projected to grow at a CAGR of 27.94% during the 2020 - 2027 forecast period.

Cloud 3D CAD software is accessible via the internet for usage through the servers of cloud computing companies. The cloud-based architecture makes it simple to retrieve stored schematics, schematics symbols, 2D drawings, 2D footprints, and 3D models from a single repository. For applications such as automotive, architecture, healthcare, industrial, construction, entertainment and media, and others, the enterprise sizes for 3D CAD software include small companies, midrange enterprises, and big enterprises. The introduction of a cloud-based platform for 3D CAD software is accelerating industry growth. The increasing usage of computer-aided design in the automobile sector, together with manufacturers' greater emphasis on additive manufacturing, is likely to drive market expansion. Several businesses are shifting to cloud-based architecture to improve processes and boost design flexibility. PTC, for example, purchased Onshape Inc., a Software as a Service (SaaS) product design platform, in October 2019 as part of its transformation to a cloud-based SaaS platform, drawing new clients with the service. Therefore, due to technological developments and diverse end-user applications, the market for 3D printing CAD software is anticipated to rise during the projected period.

The rising technological developments and implementation of virtual reality made by companies will boost the market growth

Technological developments in 3D CAD software relate to the capacity to increase the level of work by adjusting the manufacturing process with the use of technology to make the manufacturing process more efficient, better, and faster. The 3D CAD software industry is being shaped by rapid technical breakthroughs. For example, Autodesk, an American global software business, launched AutoCAD 2023 in March 2022, which would enable designers to get greater insights, collaborate more effectively, and automate numerous processes when developing 3D models and designs. The product can now automatically input feedback into designs, lowering the likelihood of mistakes and saving time. Furthermore, Virtual Reality (VR) has developed as a valuable auxiliary tool for 3D CAD because it allows users to visualize how their creations will function in the real world. The VR technology provides a virtual reproduction of the model, allowing users to uncover design flaws through an immersive visual experience. The technology has proven useful in terms of cost savings and mistake reduction, and it is projected to assist a variety of industrial undertakings, particularly in the aerospace and automotive sectors. Major firms are investing in the R&D of solution offerings to lessen rivalry from other businesses and to offer technologically improved items in the market. Hence, both these factors will positively influence the market in the coming years.

North America is anticipated to hold a significant amount of the market share

North America will witness a surge in this market during the projected period. This may be ascribed to the US government's support for deploying digitization solutions that will improve the growth of the region's manufacturing industry, hence boosting the use of 3D CAD software solutions. The presence of important companies in the area, such as Autodesk Inc., Dassault Systèmes, and Dassault Systèmes SolidWorks Corp., is further supporting market expansion. Furthermore, CADENAS PARTsolutions, a leading provider of 3D product catalogs and digital parts managed services for producers, announced a new partnership with the Society of Automotive Engineers (SAE) to offer authorized 3D CAD models of SAE Aerospace Standards (AS) components, providing engineers in the aerospace and defense industries with a valuable new tool to accelerate innovation, shorten design cycles, and reduce costs. Therefore, due to the presence of major market players along with rising technological developments in the region, the market will drive growth.

 Market Key Developments

• In May 2020, CCE, a major developer of superior CAD interoperability technology, released EnSuite-Cloud, a free cloud CAD viewer tool, to aid remote working during the COVID-19 pandemic. EnSuite-Cloud is a free CAD viewer that can be accessed through any browser. All major CAD formats, including CATIA V6 (3DXML), CATIA V5, SOLIDWORKS, Creo, Autodesk Inventor, JT, glTF, and Solid Edge, are supported. EnSuite-viewer Cloud is powered by a sophisticated online rendering engine that is substantially quicker and delivers significantly more performance improvements than other rendering technologies, especially while dealing with big 3D CAD models, including parts and assemblies.
• In March 2021, Autodesk, Inc. introduced Autodesk Takeoff, a capability that allows estimators to do 2D and 3D quantification workflows using a variety of tools. The newly released functionality improves cooperation, accuracy, and speed in the estimating process. Furthermore, technology suppliers concentrate on building solutions for a certain industry sector and incorporating numerous modern technologies, such as VR, AR, and IoT, to meet a specific industrial necessity.
• In February 2021, Dassault Systèmes, a developer of 3D CAD software, announced the release of two new software products on its 3DEXPERIENCE platform. SOLIDWORKS for Makers and SOLIDWORKS for Students made their debuts in early February during the company's virtual 3DEXPERIENCE World 2021 event. The software offerings are intended to provide makers and students with cloud-based access to a certain selection of Dassault's digital design and engineering environments.

3D Printing CAD Software Market Scope:

Segmentation:

• By End-User
  • Healthcare
  • Automotive
  • Aerospace and Defense
  • Construction
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Others
  • South America
  • Europe
    • Germany
    • UK
    • France
    • Others
  • Middle East and Africa
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Others