Acumen Research and Consulting 3D CAD Software Market Will Be Hit $ 14.5 Billion | Page 2
Increased adoption in the automotive sector of computer-based design,
combined with a high focus on additive production by manufacturers, has
increased the market. Different end-use industries widely choose cloud-based
design, which allows them to simplify workflows and offers flexibility in design.
Cloud-based products offer real-time work to teams that are spread
geographically and reduce overall spending on IT Systems. Specialists like
General Motors Co. have migrated into the cloud. A high demand for accurate
design, complex prototyping and digitalisation of construction is projected to
drive the market in the automotive, aerospace, defence and manufacturing
industries.
Many sectors, including engineering, use 3D CAD outsourcing services to
concentrate on core products and their development. In addition, developments
in 3D printing also fuel the demand for the 3D CAD software, as 3D printing
needs the first computer-aided design technology to produce a three-
dimensional model. Cross-player competition leads to increased investment that
enables players to provide innovative products with technologies and additional
capabilities, like IoT and Augmented Reality (AR). These innovative solutions
help users to quickly develop designs by connecting digital design with physical
products.
Increased funding for the development of different 3D printing technologies is
facilitating the production of various products with a wide variety of materials,
depending on end user requirements. In addition, VR has been developed as an
adequate third-dimensional CAD support technology to allow the users to see
how the designs work in the real world. A virtual copy of the model is provided
by VR software which gives the user an uninterrupted experience. It also helps to
detect design failures, particularly in the car and aerospace sectors, where even
small mistakes can cause significant losses.
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