In 3D CAD Market U.S. has been the Largest Contributor to the Regional Market

From: P&S Market Research
Published: Mon Aug 21 2017

As per the findings of the research, solid model led the global 3D CAD market in 2015. Among various applications, automotive accounted to be the largest revenue in global 3D CAD market in 2015; however, arts is expected to witness the highest growth in demand of 3D CAD solutions during the forecast period. Among regions, 3D CAD market is expected to witness fastest growth in demand from Asia-Pacific, during the forecast period. Geographically, Americas has been the largest market for 3D CAD, where the U.S. has been the largest contributor to the regional market. China has been the major market in Asia-Pacific. In Europe, Middle-East and Africa (EMEA), Germany is expected to be the fastest growing regional market during the forecast period.
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The factors driving the growth of the market include shift from 2D CAD to 3D CAD, use of 3D CAD in packaging machinery, and increasing product recalls in automotive industry. Industries, such as automotive, defense, aerospace and industrial machinery, are utilizing the advantages of 3D CAD to digitally prototype their products before production. 3D CAD enables designers with advanced analysis tools to do everything from simulating the flow of fluid to measuring vibrations in key structural components.
Shift from license based to subscription based model, and increasing mergers & acquisitions between CAD software providers are some of the trends observed in this market. 3D CAD solution providers are continuously acquiring specific design software solution providers to enhance their offerings and increase their user base. Big players such as Autodesk, Inc. are acquiring software solution providers to leverage and combine the expertise to roll out new products and services in the market.
The global 3D CAD market is also witnessing several partnerships among the 3D CAD providers, and government and non-government organizations. Such partnerships aim to leverage the latest and advanced CAD offerings to critically design and develop various products and services for end users. This enables organizations and several institutions, such as academics, product design, construction and engineering, to serve their users with innovative and user-friendly design software.
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New product launches, strategic partnerships and mergers & acquisitions have been the major recent developments in the 3D CAD market. Vendors such as Autodesk, a major design software solution provider, is dominating the global 3D CAD market by offering unmatched CAD software services to its users. The company is also aggressively engaging itself in various acquisitions of small and medium design software providers, and entering in partnerships with institutes and software companies to roll out combined 3D CAD offerings in the market.

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