Emergence of Internet of Things and Technological Upgrades to Encourage Growth of Global 3D CAD Market

Published on : Sep 12, 2016

Albany, New York, September 12, 2016: A new market intelligence study has recently been added by Market Research Hub (MRH) to its vast collection of research reports. The research study, titled “Global 3D CAD Market Professional Survey Report 2016,” provides a thorough overview, focusing on the currents trends and growth prospects in the market. The key drivers, restraints, product segmentation, key geographical segments, and the competitive landscape of the global 3D CAD market have been included in the research study. In addition, the potential opportunities in the market have been highlighted to guide the key players in making effective financial decisions.

Computer-aided design (CAD) is one of the most efficient tools used for designing and modeling products with precision and ease. The use of these products allows end users to prototype their products in a digital format before starting the production process. This helps architects, engineers, and other designers in drafting industry-specific products in order to develop improved products. The global market for 3D CAD can be classified on the basis of type into 3D mechanical drawing, 3D mold, and 3D drawing software.

Technological upgrade is one of the key factors expected to fuel the global 3D CAD market in the next few years. For instance, the shift from 2D CAD to 3D CAD has generated potential growth opportunities for the key players in the market. Furthermore, the emergence of Internet of Things and 3D printed buildings is anticipated to contribute significantly towards the development of the overall market throughout the forecast period. On the other hand, availability of free and open-source CAD software is estimated to dampen the growth of the global 3D CAD market in the next few years.

Furthermore, on the basis of application, the global 3D CAD market can be categorized into electrical and electronics, industrial machinery, aerospace and defense, automotive, and others. Technological advancements in this field are encouraging the expansion of the application base, thus augmenting the growth of the overall market. The demand, consumption, and share of each application segment have been discussed in the research study to offer a clear understanding of the market. Moreover, the key geographical segments in the global 3D CAD market, along with their share and size have been included in the scope of the research report.

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Tebis Technische Informationssysteme, IMSI/Design, Bentley System, Autodesk, Intergraph, Siemens PLM Software, PTC, 3D Systems, Dassault Systemes, and AVEVA are some of the leading players operating in the 3D CAD market across the globe. The competitive scenario in the global 3D CAD market is projected to become intense with the rising number of mergers and acquisitions between the value-added resellers (VARs). In addition, the key players in the market are focusing on research and development activities and expansion of product portfolio to create a brand name and gain a competitive advantage in the market.

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