3D Printing Software Market Size, Share, Growth and Industry Analysis by Type (3D Designing Software, Data Preparation Software, Simulation Software, Machine Control Software, And, Other) By Application (Commercial, Office, And, Personal.) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2022 To 2030

Updated On: 22 May 2023

3D Printing Software Market Report Overview

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The global 3D printing software market size is anticipated to be worth USD 963 million in 2022 and is projected to touch USD 1962.6 million by 2028 with a CAGR of 12.6% during the forecast period.

3D printing software is a programming language or a model which helps in converting a 3D model into a code r language that the 3D printer understands. There are several types of 3D printing softwares available in the market. 

Additive manufacturing is gained a lot of popularity through the use of 3D printers and softwares. AM is being used by several industrial sectors. This can be identified as the latest trend in the market.

3D printing and related softwares can perform rapid prototyping.  They also have speed, affordable cost, flexibility. And mainly competitive advantage All these factors have resulted in the increase in 3D printing software market growth.

COVID-19 impact: Increase in Usage of 3D Printers During Pandemic Increased Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The outbreak of COVID-19, was the prime reason for the destruction of several markets throughout the world. The spreading coronavirus not only created financial crisis, but it also created a health crisis during the pandemic. As a result of this people had to strictly follow lockdown rules and social distancing.

Numerous constraints on transportation caused problems to all the major sectors. However, only a few industries enjoyed favorable market conditions during the pandemic of COVID-19. 3D printers were extensively used by the medical and healthcare industry during the COVID-19 phase. This encourages the sales of 3D printing softwares even amidst he pandemic.

LATEST TRENDS

"Growing Prevalence of Additive Manufacturing (AM)to Increase Market Growth"

Additive manufacturing has become a very common name in current scenario. Applying 3D printing for industrial uses is called as Additive Manufacturing (AM). AM involves a very complex procedure of preparing a 3D object. Several layers of

Several layers of the same materials are stacked upon one another to create a particular object. This is referred to as a 3-dimensional file. Additive manufacturing can take place only with the assistance of a 3-d printing software and a good 3-D printer. This has been considered as the latest trend in the market.

3D Printing Software Market Segmentation

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• By Type:

The market can be divided on the basis of type into the following segments:

3D designing software, data preparation software, simulation software, machine control software, and, other. The 3D designing software segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Commercial, office, and, personal. The commercial segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Usage of 3D Printing Softwares for Designing, and, Prototyping, to Accelerate Market Growth"

3D printers are used for the purpose of tooling, designing, and prototyping. If a 3D printer has to perform all of this it must be supported by a good 3D printing software. The scope of using 3D printing has also increased. A few years ago, it was only limited to hobbyists. But today such printers and their softwares have become a common phenomenon in medical sector, education industry and also household.  This can have a positive impact on the market growth.

With the incorporation of 3D printing softwares, the production costs have significantly dropped as they can speed up the process of preparing a product. This cuts down on the time as well as the money spent upon manufacturing a product. Several technological developments have fueled the 3D printing software market share.

"Convenience of Using 3D Printing Softwares to Propel Market Growth "

3D printing softwares are very convenient to handle. They are characterized by speed, affordable cost, flexibility. And mainly competitive advantage.  The most significant of 3D printing and related softwares is that they have rapid prototyping. Rapid prototyping refers to the capacity of a machine or a software to manufacture, design, and finally test a given product in as less time as possible.

Small businesses can very easily adopt these softwares, as their cost-effective and affordable. Along with speed, the softwares also provide good flexibility. Hey have he ability to create almost anything however, it must fit within the volume. Using these softwares can help in developing a business as they come with several advantages. These factors have driven the market growth.

RESTRAINING FACTOR

"Inaccuracy in Design of a Product Manufactured from 3D Printing Softwares to Decrease Market Growth"

When products are created with the help of these softwares, the design of the end-product may have certain inaccuracies and may not be very similar to the original product. This can potentially hamper the market growth.

Frequent usage of 3D printers and its softwares can led to unemployment issues especially in the manufacturing sector. All the procedures in the production process are automated giving no opportunity for any workers to put in their job. All of these factors can deteriorate the 3D printing software market growth.

3D Printing Software Market Regional Insights

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"North America to Dominate Market Share in Upcoming Years"

North America occupies the largest market share in the market. The major reason for this the usage of these softwares in several sectors like education, aerospace, and healthcare. Many households are also using these devices and softwares. Incorporating this software is also very convenient.

Reduction in production cost and labor from the use of 3D printing softwares has increased the consumer base of the market. These softwares also help in minimizing the waste produced. All of these factors have propelled the market growth in North America.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• ZBrush (U.S.)
• Trimble (U.S.)
• Autodesk (U.S.)
• Maxon (Germany)
• 3D Systems (U.S.)
• Materialise (Belgium)
• Stratasys (Israel)
• EOS (Germany)
• Tinkercad (Finland)
• Ultimaker (Netherlands)
• Dassault Systemes (France)
• Siemens (Germany)
• Prodways Group (France)
• Voxeljet  (Germany)
• Exone (U.S.)
• Protolabs (U.S.)
• PTC (U.S)
• Zortrax (Poland)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations