3D Printing Software Market, By Type (3D Designing Software, Simulation Software, Machine Control So

Published Date: May 2020 | Report Code : IT2067022

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3D Printing Software Market, By Type (3D Designing Software, Simulation Software, Machine Control Software, Data Preparation Software, And Others), By End Users (Healthcare, Aerospace & Defense, Jewelry, Automotive, Industrial Machinery, Electrical & Electronics, And Others), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, And Rest Of The World) – Market Size & Forecasting To 2028

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Report Code : IT2067022

Status : Published May 2020

The 3D Printing Software Market size is estimated to be USD 1,435.39 million in 2020 and is projected to register a CAGR of 22.3% to reach USD 7,177.56 million by 2028. This growth in the market is attributed to the increasing demand for 3D printing technology from various end-use application verticals such as the healthcare industry, consumer industry, automotive industry, fashion & aesthetics industry, aerospace & defense industry, education industry, and architecture industry, among others. With the emergence of several new software in the category of design/modeling, data preparation, simulation, and machine control (which includes slicing software), there is a wide range of opportunities arriving in the 3D printing industry to design and implement various 3D printed objects. Manufacturers, designers, artisans, and individuals are harnessing the cutting-edge technology of 3D printing and mass production to create objects for numerous applications.

3D PRINTING SOFTWARE MARKET BY TYPE 2019FIG 1: 3D PRINTING SOFTWARE MARKET, BY TYPE 2020- 2028

Based on type, 3D printing software segmented into 3D designing software, simulation software, machine control software, data preparation software, and others. 3D Designing Software accounted for the largest share of the global 3D printing software market, by type in 2019. However, Simulation Software expected to grow at the highest CAGR over the forecast period by 2028. 3D designing software contains 3D modeling software, 3D CAD software. 3D CAD software has witnessed increased adoption in the healthcare sector as it helps assist doctors in attempting different methods and strategies to determine the most optimal approach for treatments. Growing demand for data analytics, particularly in IT and retail sectors, is expected to drive demand for data preparation software. The aerospace & defense industry has been one of the major end-users of simulation software as they use modeling and simulation for many purposes such as conducting joint training operations, training of individual soldiers, formuSouthg operational plans, analyzing alternative force structures, and develop doctrine and tactics. The global 3D printing software is witnessing high demand in the forecast period due to increasing applications in various end-user industries. High demand for 3D designing software due to the growing use of architectural design is also one of the key factors emerging in the market.

Fig 2 3D PRINTING SOFTWARE MARKET BY END USERS 2019FIG 2: 3D PRINTING SOFTWARE MARKET, BY END USERS 2020-2028

On the basis of end-users, the 3D printing software market is bifurcated into healthcare, aerospace & defense, jewelry, automotive, industrial machinery, electrical & electronics, and others. Out of which, automotive accounted for the largest share of the global 3D printing software market, by end-users in 2019. Healthcare expected to grow at the highest CAGR over the forecast period by 2028. 3D printing software includes design software, inspection software, Printer Software, and Scanning Software. The healthcare, aerospace and defense and automotive verticals are expected to contribute considerably toward the growth of the industrial additive manufacturing over the forecast period, due to the active adoption of technology in various production processes associated with these end-use industries. In the healthcare sector, medical imaging, predictive analysis software, 3D modeling software are shown significant growth in the future. These capabilities are expected to help in driving the adoption of 3DP software across the healthcare vertical and contribute significantly towards the growth of the industrial segment. The adoption of 3D printing software for designing imitation jewelry, miniatures, art and craft, and clothing and apparel is also gaining traction.

Fig 3 3D PRINTING SOFTWARE MARKET BY REGION 2020-2028FIG 3: 3D PRINTING SOFTWARE MARKET, BY REGION 2020-2028

Based on the region, 3D printing software segmented into North America, Western Europe, Asia Pacific, Eastern Europe, the Middle East, and rest of the World. North America accounted for the largest share of the global 3D printing software market, by region in 2019. However, Asia Pacific expected to grow at the highest CAGR over the forecast period by 2028. The demand for 3D printing software is volatile across the regions depending upon technological advancement growth across the respective regions. Thus, the market will be dominated by the majority of the developed regions such as North American and European countries. On the other hand, some of the developing Asian countries like China, India will show the highest growth rate with respect to the robust industrial and economical growth across the regions. However, the Middle Eastern market will show a comparatively lower growth rate, due to a lack of available resources and a lack of awareness about 3D printing. In the case of regional segments, the growth rate of the 3D printing software also depends on regulatory factors and industrial norms, economic regulations, and many others. In the case of, 3D printing software, since it comes under the internet and software industry products, various macro and microeconomic factors also have a significant effect on market growth.

FIG 4: 3D PRINTING SOFTWARE MARKET BY SEGMENTATION 2020-2028FIG 4: 3D PRINTING SOFTWARE MARKET SEGMENTATION 2020-2028

The North American region has shown increased investments in the 3D printing market, and several vendors have evolved to cater to the rapidly growing market. Considerable growth is expected in the region during the forecast period. The major initiatives taken for the simulation and analysis technology have their origin in this region. The smart city initiatives taken by the government in this region have positively impacted the adoption trend of the simulation and analysis technology to enhance the monitoring and improve the surveillance. Also, high demand for machine control software due to increasing in the automotive sector and growing process instrumentation and automation market in the region.

FIG 5: 3D PRINTING SOFTWARE MARKET BY OPPORTUNITY MATRIX 2020-2028FIG 5: 3D PRINTING SOFTWARE MARKET OPPORTUNITY MATRIX 2020-2028

Market Segments

By Type

  • 3d Designing Software
  • Simulation Software
  • Machine Control Software
  • Data Preparation Software
  • Others

By End Users

  • Automotive
  • Healthcare
  • Aerospace And Defence
  • Electrical And Electronics
  • Industrial Machinery
  • Jewelry
  • Others

By Region

  • North America
    • S.
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • Spain
    • Uk
    • Italy
    • Rest Of Western Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Taiwan
    • Malaysia
    • Rest Of Asia Pacific
  • Eastern Europe
    • Russia
    • Poland
    • Rest Of Eastern Europe
  • Middle East
    • UAE
    • Saudi Arabia
    • Qatar
    • Turkey
    • Rest Of Middle East
  • Rest Of World
    • South America
    • Africa

Company Covered: Dassault Systemes, Autodesk, Siemens, Materialise, Stratasys, 3d Systems, Corporation, Ptc, Artec 3d, 3dsim, 3dprinteros, Authentise, Matterhackers, Astroprint, Simplify3d, Envisiontec, Formlab

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