Global 3D CAD Market Size, Share, Development, Growth and Demand Forecast to 2022 By P&S Market Research

Market Overview

The 3D CAD software in the report refers to three-dimensional computer aided design technology, which enables users to design ideas, visualize various designing concepts, and simulate how the design will perform in real world. 3D CAD solution provides designers and engineers with three-dimensional modeling, using advance 3D tools and designing concepts.
The global 3D CAD market is gaining interest due to rapid transformations taking place in the design software industry and its impact on several associated technologies to be more product-oriented and user-friendly. Designers are looking for more optimized and advanced design and drafting solutions to effectively manage their product designing in realistic terms, and further manage the development cycle.
Market Dynamics
The global 3D CAD market is expected to witness a CAGR of 4.9% during the forecast period, to reach $7,256.2 million by 2022. A significant growth is expected in this market, due increasing use of 3D modeling and need for advanced real-time rendering, globally. In addition, shift from 2D to 3D CAD, and increasing product recalls in automotive industry are driving the global 3D CAD market growth.
Trends
Increasing M&A among CAD software providers, growing partnerships and agreements, and shift from license-based to subscription-based model are some of the key trends observed in the global 3D CAD market. The increasing number of new product launches and product enhancements is also expected to lead  to rapid growth of global 3D CAD market.
Growth Drivers
The global 3D CAD market is driven by factors such as shift from 2D to 3D CAD, use of 3D CAD in packaging machinery, and increasing number of product recalls in automotive industry. Marketing automation enabling proactively sending targeted help messages, alerts, and trainings to the customer service or sales teams before they arise help, is majorly driving the cross-sell revenues and upsells.
Opportunities
The 3D CAD market has the opportunity to build new mobile-friendly 3D CAD software solutions to meet the users’ demand and enable them to view, edit and share their designs and drawings on the go. Autodesk’s AutoCAD 360, a free drawing and drafting app, lets its user access, edit and share their AutoCAD drawings.
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