3D Modeling Industry Revenue – Excessive Growth Opportunities Estimated To Be Experienced

June 25, 2021

3D modeling system comprises computer graphics techniques to produce 3D digital representation of surfaces and objects.
3D modeling is primarily used for product designing, collaboration, and manufacturing & simulation process in industries or to reduce the operation cost in product designing.
Parasolid designers are using 3D modeling systems in different applications such as direct modeling, free form surface or sheet modeling, and in the facet modeling process.
3D modeling systems are designing and modeling software used for 3D designing of piping systems, refinery plants, and grid systems etc. Majorly, the 3D modeling system in oil and gas companies are used to minimize errors and risks and to create a positive impact by reducing the project cost.
Adoption of 3D modelling systems is significant in the manufacturing and automobile industry to make the 3D models of parts and accessories. Increasing the investment by the companies to provide more advanced designs for different industry product will turn it into the growth of the 3D modeling system.

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Increasing technological advancement in 3D equipment such as scanners and sensors is expected to drive the 3D modeling system market
Increasing adoption of designing and modeling software can help to enhance the go-to-market process of the products, which in turn is expected to boost the 3D modeling system market
Software companies are collaborating with other technologically advanced companies to consolidate their position in the market and provide advanced solutions in the 3D modeling and designing industry. This is expected to offer significant revenue and customer base expansion opportunities to solution providers of 3D modeling systems.

High cost related to technologies used in 3D modeling systems and inadequate knowledge expected to hinder the growth of the 3D modeling market

Using the 3D modeling system requires supporting advanced technologies such as sensors and scanners. High cost of supporting technologies are key factors that restrain the 3D modeling system market
Inadequate knowledge about the 3D modeling system in the market or workforce reduces the performance of the system. This is also expected to hamper the 3D modeling system market.

3D modeling systems are majorly adopted in manufacturing, automobile, and oil & gas sectors to increase the productivity. Production of companies and investment on new product development is slowing down due to lockdown conditions in major regions such as North America, Europe, and Asia Pacific. Companies are reducing investment on technologies due to low return of investment.
Growing demand for more advanced designs in healthcare industry and automobile industry is likely to create future opportunities for 3D modeling systems in upcoming years. Furthermore, the ever-increasing threat of COVID-19 is projected to reduce the demand for 3D modeling system solutions during the lockdown period for specific product designing.

North America held a prominent share of the global 3D modeling system market due to an increase in adoption of designing software in the construction and engineering sectors.
Increasing number of 3D modeling system providers across North America is likely to offer significant opportunities to major players
The 3D modeling system market in Asia Pacific and Europe is expected to expand at a rapid pace during the forecast period due to increasing technological investment in healthcare products and manufacturing products by major players to provide solutions during the COVID-19 period across these regions.