Market Overview:
Parametric design software is a type of 3D CAD software that enables users to create and edit 3D models by defining the relationships between parameters. These relationships can be used to control the geometry, appearance, and behavior of the model. Global parametric design software market size is expected to grow from USD 2.5 billion in 2018 to USD 5.8 billion by 2030, at a CAGR of 11.9% during the forecast period. The growth in this market can be attributed to factors such as rising demand for advanced engineering and manufacturing solutions and increasing adoption of cloud-based parametric design software solutions among small and medium-sized businesses (SMBs). The global parametric design software market is segmented on the basis of deployment type, application, and region. On the basis of deployment type, it is segmented into on-premise and cloud-based deployments. The on-premise deployment type held a larger share of the global parametric design software market in 2017 than that of cloud-based deployments; however, due to growing demand for advanced engineering solutions among enterprises across different industries worldwide, this trend is expected to change during the forecast period with cloud-based deployments gaining traction over on premise ones .
Product Definition:
Parametric design software is a type of computer-aided design (CAD) software that allows designers to create objects or products with specific mathematical relationships between their dimensions. This type of software is often used in manufacturing and engineering, as it can help to optimize the design process and ensure that products are able to be produced within certain tolerances. It can also be used to create 3D models that can be used for visualization or animation purposes.
Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027:
Global parametric design software market size was valued at USD 1.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2027. The demand for global PD software has increased exponentially due to the emergence of additive manufacturing, which has led to the production of complex three-dimensional structures with ease using traditional techniques.
On-premise:
On-premise software is a type of design software that is installed and used directly by the designer on their system. The data can be changed in real-time as there are no servers involved in transferring the information. On-premise solutions have been around for quite some time; however, they are now being replaced by cloud solutions owing to various benefits offered by them such as flexibility, scalability, and cost effectiveness among others.
Application Insights:
The manufacturing application segment accounted for the largest revenue share of over 40% in 2019. The growth can be attributed to the increasing use of PD software by manufacturers for designing and developing products with enhanced features, improved performance, and higher quality. parametric design tools have helped manufacturers to improve their product designs by reducing the time required for concept development, prototyping and testing.
parametric design solutions are being increasingly used in various industries such as aerospace & defense, healthcare, oil & gas among others owing to benefits such as flexibility during concept development stage; reduced time required for production changes; ability to manufacture multiple units with few clicks; re-use existing designs through virtual prototypes which help reduce costs during actual production runs. These advantages are expected to drive demand over the forecast period from both industrial as well as consumer end-users leading to increased adoption of PD software across various industry verticals globally.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the presence of several industry giants such as Boeing, General Motors, and Lockheed Martin. The region accounted for more than 35% revenue share in 2017 and is estimated to reach USD X million by 2030.
The growth can be attributed to technological advancements such as 3D printing and additive manufacturing coupled with rising demand for on-demand products that can be manufactured using less raw material or energy cost effectively. Furthermore, growing industrialization along with increasing government investments in defense & aerospace are anticipated to drive regional product demand over the forecast period.
Growth Factors:
- Increasing demand for parametric design software from the automotive and aerospace industries due to the need for advanced engineering and design solutions.
- The growing popularity of 3D printing and additive manufacturing, which is helping to drive demand for parametric design software as these technologies become more mainstream.
- Rapid advancements in digital technology are making it easier than ever for designers to create complex shapes and models, fueling demand for parametric design software tools that can help them work more efficiently.
- Rising awareness of the benefits of parametric design among small businesses and individual designers, who are increasingly using these tools to streamline their workflow and improve product quality.
- Growing number of training programs offered by vendors that teach users how to effectively leverage parametric design software in their projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Parametric Design Software Market Research Report
By Type
Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027, On-premise, Cloud-based
By Application
Manufacturing, Automotive, Healthcare, Oil & Gas, Retail & Consumer Goods, Architecture, Aerospace & Defense, Others
By Companies
Parametric Technology Corporation, SolidWorks Corporation, Autodesk,Inc, Siemens AG, IBM Corporation, FreeCAD, Robert McNeel & Associates, BlocksCAD
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Parametric Design Software Market Report Segments:
The global Parametric Design Software market is segmented on the basis of:
Types
Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027, On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Automotive, Healthcare, Oil & Gas, Retail & Consumer Goods, Architecture, Aerospace & Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Parametric Technology Corporation
- SolidWorks Corporation
- Autodesk,Inc
- Siemens AG
- IBM Corporation
- FreeCAD
- Robert McNeel & Associates
- BlocksCAD
Highlights of The Parametric Design Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
- On-premise
- Cloud-based
- By Application:
- Manufacturing
- Automotive
- Healthcare
- Oil & Gas
- Retail & Consumer Goods
- Architecture
- Aerospace & Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Parametric Design Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Parametric design software is a type of computer-aided design (CAD) software that allows users to create 3D models using mathematical equations. The models can then be used to create drawings or plans, or to simulate the effects of changes on a physical object.
Some of the key players operating in the parametric design software market are Parametric Technology Corporation, SolidWorks Corporation, Autodesk,Inc, Siemens AG, IBM Corporation, FreeCAD, Robert McNeel & Associates, BlocksCAD.
The parametric design software market is expected to register a CAGR of 11.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Parametric Design Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Parametric Design Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Parametric Design Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Parametric Design Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Parametric Design Software Market Size & Forecast, 2018-2028
4.5.1 Parametric Design Software Market Size and Y-o-Y Growth
4.5.2 Parametric Design Software Market Absolute $ Opportunity
Chapter 5 Global Parametric Design Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Parametric Design Software Market Size Forecast by Type
5.2.1 Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
5.2.2 On-premise
5.2.3 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Parametric Design Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Parametric Design Software Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Automotive
6.2.3 Healthcare
6.2.4 Oil & Gas
6.2.5 Retail & Consumer Goods
6.2.6 Architecture
6.2.7 Aerospace & Defense
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Parametric Design Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Parametric Design Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Parametric Design Software Analysis and Forecast
9.1 Introduction
9.2 North America Parametric Design Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Parametric Design Software Market Size Forecast by Type
9.6.1 Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
9.6.2 On-premise
9.6.3 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Parametric Design Software Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Automotive
9.10.3 Healthcare
9.10.4 Oil & Gas
9.10.5 Retail & Consumer Goods
9.10.6 Architecture
9.10.7 Aerospace & Defense
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Parametric Design Software Analysis and Forecast
10.1 Introduction
10.2 Europe Parametric Design Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Parametric Design Software Market Size Forecast by Type
10.6.1 Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
10.6.2 On-premise
10.6.3 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Parametric Design Software Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Automotive
10.10.3 Healthcare
10.10.4 Oil & Gas
10.10.5 Retail & Consumer Goods
10.10.6 Architecture
10.10.7 Aerospace & Defense
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Parametric Design Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Parametric Design Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Parametric Design Software Market Size Forecast by Type
11.6.1 Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
11.6.2 On-premise
11.6.3 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Parametric Design Software Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Automotive
11.10.3 Healthcare
11.10.4 Oil & Gas
11.10.5 Retail & Consumer Goods
11.10.6 Architecture
11.10.7 Aerospace & Defense
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Parametric Design Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Parametric Design Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Parametric Design Software Market Size Forecast by Type
12.6.1 Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
12.6.2 On-premise
12.6.3 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Parametric Design Software Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Automotive
12.10.3 Healthcare
12.10.4 Oil & Gas
12.10.5 Retail & Consumer Goods
12.10.6 Architecture
12.10.7 Aerospace & Defense
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Parametric Design Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Parametric Design Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Parametric Design Software Market Size Forecast by Type
13.6.1 Global Parametric Design Software Market Size Growth Rate by Deployment Type: 2016 VS 2021 VS 2027
13.6.2 On-premise
13.6.3 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Parametric Design Software Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Automotive
13.10.3 Healthcare
13.10.4 Oil & Gas
13.10.5 Retail & Consumer Goods
13.10.6 Architecture
13.10.7 Aerospace & Defense
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Parametric Design Software Market: Competitive Dashboard
14.2 Global Parametric Design Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Parametric Technology Corporation
14.3.2 SolidWorks Corporation
14.3.3 Autodesk,Inc
14.3.4 Siemens AG
14.3.5 IBM Corporation
14.3.6 FreeCAD
14.3.7 Robert McNeel & Associates
14.3.8 BlocksCAD
