The Global Technical Illustration Software Market size was valued at USD 1.65 Billion in 2022 and is expected to surpass USD 4.41 Billion by 2031, expanding at a CAGR of 11.48% during the forecast period, 2023–2031. Technical illustration software is necessary for designing illustration. It is a part of product lifecycle management (PLM).
Vendors in this sector provide illustration software as a separate product or as part of computer-aided design (CAD) and PLM software package. Designers and illustrators use technical illustration tools to quickly sketch and create illustrations. Big gaming companies are developing new games with superior visuals and functionality, as the entrepreneurial ecology of many sectors changes and rising demand for realistic games with rich graphics and animation.
Market Trends, Drivers, Restraints, and Opportunities
-
Surge in the demand for games with realistic and high-quality visuals, rise in social media and digitalization, and increase in applications in different end-use sectors fuel the market.
-
Expansion of entertainment vertical is estimated to fuel the market.
-
Necessary training to use such instruments and reluctance on the part of certain personnel to learn new technologies are expected to limit the market.
-
Many employees are adopting innovative technology, thus creating opportunities in the market.
Scope of Technical Illustration Software Market Report
The report on the global technical illustration software market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Technical Illustration Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Component (Software [On-premise and Cloud], Services [Implementation, Support & Maintenance, and Consulting]), Organization Size (Large Enterprises and SMEs), Technology (2D and 3D), End-users (Manufacturing, Aerospace & Defense, Healthcare, Energy & Power, Automotive, and Transportation)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Autodesk Inc. Dassault Systems, PTC Inc., Canvas GFX, Inc., Adobe, Corel Corporation, Siemens Product Lifecycle Management Software Inc., Canvas GFX, QuadriSpace Corporation, Auto-Trol Technology Corporation, and Cyient
|
Technical Illustration Software Market Insights
The software segment to hold dominant market share
In the terms of components, the technical illustration market is bifurcated into software and services. The software segment is sub-segmented into on-premise and cloud. The services segment is further categorized as implementation, support & maintenance, and consulting. The traditional illustration field is rapidly adopting new technologies and changing the education and work environment and skills and roles of technical illustrators.
Users of technical illustration software have access to a variety of tools that help them create flawless technical graphics for their goods. Graphic designers and technical illustrators utilize the same software. Rendering software is divided into two types: raster and vector. Digital painting is usually done with raster-based applications. Users can paint or sketch much like they would with traditional materials using these apps.
Large enterprises segment held substantial market share in 2020
Based on organization sizes, the market is fragmented into large enterprises and SMEs. Large enterprises have a wide number of suppliers and service providers, and thus have considerable financial capacities, who are the early adopters of technical illustration software technology. Furthermore, major corporations employ a variety of technical illustration applications to create accurate manufacturing parts.
Designers and artists are constantly using this information to test every conceivable modification in the early stages and make the appropriate revisions. Digital prototyping, 3D visualization, and simulation are used to accomplish this. Businesses are now willing to provide what customers want and to produce more inventive designs that customers would embrace.
3-D technology segment to grow during the forecast period
On the basis of technology, the technical illustration software market is divided into 2D and 3D. The 3D segment accounted for a major share of the market in 2017. This trend is projected to continue during the forecast period. Rising demand for 3D-based graphics among designers and artists worldwide is projected to fuel the market.
Automotive segment to hold substantial market share
In terms of end-users, the market is categorized as manufacturing, aerospace & defense, healthcare, energy & power, automotive, and transportation. The automotive segment is expected to hold a key share of the market due to high need for software for creating a 3D picture or creative to assess and correct any design flaws before actually constructing a vehicle.
North America dominates the global market
Based on regions, the global technical illustration software market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted a significant share of the market in 2020 due to mergers & acquisitions conducted by key market players and the commencement of new projects every year, especially in the industrial and automotive industries.
Segments
By Components
- Software
- Services
- Implementation
- Support & Maintenance
- Consulting
By Organization Sizes
By Technology
By End-users
- Manufacturing
- Aerospace & Defense
- Healthcare
- Energy & Power
- Automotive
- Transportation
By Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
By Key Players
- Autodesk Inc.
- Dassault Systems
- PTC Inc.
- Canvas GFX, Inc.
- Adobe
- Corel Corporation
- Siemens Product Lifecycle Management Software Inc.
- Canvas GFX
- QuadriSpace Corporation
- Auto-Trol Technology Corporation
- Cyient
Competitive Landscape
Key players in the technical illustration software market are Autodesk Inc. Dassault Systems, PTC Inc., Canvas GFX, Inc., Adobe, Corel Corporation, Siemens Product Lifecycle Management Software Inc., Canvas GFX, QuadriSpace Corporation, Auto-Trol Technology Corporation, and Cyient.
These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Request For Customization
Enquiry Before Buying
Speak With Analyst
