The global 3D CAD market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period. Computer-Aided Design (CAD) is the use of computer technology to aid in the design and drafting of a practical product or artistic creation. Many industries including healthcare, finance, media, and entertainment are increasingly integrating technologies such as AI, model-based definitions, and 3D printing devices to achieve efficiency and capacity utilization. CAD technology paired with AI automates functions, optimizes design models, and reduces task completion time. Further, CAD with model-based definitions aids businesses to unify design and manufacturing processes making it easier to conduct quality assurance, improving manufacturing efficiency, and reducing automation costs.
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Furthermore, AI-powered CAD solutions are highly being used in the healthcare industry to detect and diagnose diseases, predict patient outcomes, and interpret medical imaging with improved accuracy. Such factors have accelerated the adoption of AI-based CAD solutions by key healthcare players, which in turn is propelling the growth of the market. For instance, in June 2020, Axial3D, the medical 3D Printing Solutions Co. partnered with Corazon, Inc. Through this collaboration, the company aims to bring more value to its customers present across the globe.
The demand for 3D printing market has also expanded significantly over the past few years, which has spurred the utilization of CAD software to design parts for 3D printing. CAD software automatically relays critical design information such as dimensions, weight, and materials of components to the 3D printer, which avoids mistakes and saves time. Thus, the increasing investment in 3D printing is anticipated to drive the market growth of the 3D CAD software market. For instance, in July 2022, AM Ventures closed its dedicated industrial 3D printing venture capital fund of $101.8 million. It will focus solely on startups built around industrial-grade 3D printing offerings, including hardware, software, materials, and applications.
Global 3D CAD (Computer Aided Design) Market Report Segment
By Deployment
- Cloud
- On-Premises
By Application
- Manufacturing
- Architecture & Construction
- Automotive & Transportation
- Healthcare
- Media & Entertainment
- Others
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3D CAD (Computer Aided Design) Software Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· 3D Systems, Inc.
· Bentley Systems, Inc.
· CAXA Technology Co., Ltd.
· Dassault Systèmes
· Hexagon AB
· PTC, Inc.
· Schott Systeme GmbH
· Sculpteo Inc.
· SolidWorks Corp.
· Stratasys Ltd.
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