Acumen Research and Consulting 3D CAD Software Market Will Be Hit $ 14.5 Billion | Page 3

In order to gain a competitive advantage on the market, players adopt both inorganic and organic growth strategies as well as developing innovative products. In October 2018, for example, Onshape partnered with Magic Leap for a 3D product design application. This new app will enable engineers to improve their product designs in real time by editing CAD models via the Magic Leap device. Manufacturing segment dominated the 3D CAD software market The 3D CAD software market was dominated by the manufacturing sector in 2018, accounting for just over a fourth of the total sales. Development of 4-, 5- and C-axis machines is planned to stimulate three-dimensional manufacturing CAD software because it helps manufacturers design prototypes and simulates parts movements during manufacturing processes. It also enables them to obtain a enlarged model version by getting a 3D view. The automotive industry has a significant share because the industry relies heavily on model prototypes. Increased product development needs in the development process lead to more cloud-based 3D CAD packages. Motors such as Honda Motor, Ltd., Volkswagen AG, Toyota Motors Corporation, Renault, S.A., the General Motors Company and Austin-Martin Lagonda Global Holdings plc implement 3D CAD software for the design and production of their products. Prototypes are developed with this software and enhance the quality of current production schedules. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs Asia Pacific to Grow at Highest Rate in 3D CAD Software Market In 2018, North America led the world by contributing more than one third of the total income. As the construction industry is constantly growing. Over the forecast period, Asia Pacific is expected to record the highest CAGR. This growth is due to the expansion of regional manufacturing sectors and of the AEC sector. In South Korea and Taiwan, manufacturing continues to rely on traditional product design and manufacturing methods which create a high potential for Would like to place an order or any question, please feel free to contact at [email protected] | [phone]