The 3D CAD market in Eastern Europe was valued at around $482 million in 2016 and is expected to surpass $684 million by 2021, says Technavio.
Technavio has announced its latest market research report on 3D CAD market for the forecast period, 2017-2021. This market analysis, under the product lifecycle management vertical, discusses the major drivers and emerging trends that will influence the growth of the 3D CAD market in Eastern Europe over the next four years. Some of the top vendors listed in this industry analysis include Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software.
In terms of geographical analysis, Russia will account for the largest share of the global market and is expected to reach a revenue of around $238 million by 2021. Development in the automotive industry will lead to the growth of the market in the region.
“The two different types of modeling used in CAD includes parametric modeling and direct modeling. The vendors use both the types of models to design 3D solids. Direct modeling helps the designers during the design, or the initial stage of conceptualizing and parametric modeling is useful in detailed designing. The manufacturers in the market are focusing on the development of solutions that use direct modeling and maintain the benefits of parametric modeling. The introduction of synchronous technology provides proper control and immediate feedback of the designed model and will help in the development of the market during the forecast period,” says Sarah Haque, a lead analyst at Technavio for product lifecycle management.
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The new industry research report from Technavio analyzes so the top three drivers responsible for the growth of this market and its sub-segments.
Involvement of inspection agencies in product development
The advent of industrialization has led to the emergence of inspection agencies to examine the entire product development and manufacturing process. Inspection agencies provide inspection services that meet the requirements of the regulatory bodies in the country. The stringent rules and regulations for the development of new products are encouraging industrial manufacturers to develop quality products with the adoption of CAD. For instance, Lloyd’s Register performs functions like turbomachinery design verification, machinery vibration problem troubleshooting, and analyzing rotatory equipment machine dynamics, machine structure, and vibration.
Role of 3D CAD in packaging machinery
Packaging plays a key role in the sales and revenue of any product. It helps protect the goods from damage in the storage and distribution networks. Packaging is important in marketing the product as it has a strong effect on the customer’s buying decision. The companies are adopting 3D CAD software to promote smart packaging the help in reducing wastage. These machines are used for filling, labeling, coding, and wrapping products. Dassault Systèmes uses 3D CAD software like SOLIDWORKS, which enables engineers to design machinery, conveying, and filling processes.
Increased product recalls in automotive industry
Various vendors in the automotive industry are using PLM software such as CAM, CAE, and CAD helps minimize product recalls by refining the product. These tools help vendors to reduce defects in the vehicle and aids them achieve the product standards and safety regulations set by the authority agencies in the market. The extensive use of CAD software in the automotive industry will lead to the growth of the market during the forecast period.
Other prominent vendors identified in this report are 3D Systems, BobCAD-CAM, Cadonix, CAXA, Graebert, Gstarsoft, IronCAD, OnShape, Robert McNeel & Associates, Schott Systeme, Tebis Technische Informationssysteme, TurboCAD, YFCAD, and ZWSoft.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘3D CAD Market in Eastern Europe 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Mechanical Computer-aided Design Market 2016-2020
- Global CAD Market in the Automotive Industry 2016-2020
- CAD Market in APAC 2016-2020
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