The global Technical Illustration Software market is projected to reach over USD 5.8 billion By 2025. The growing demand for more realistic games with animation and rich graphics coupled with varying entrepreneurial ecosystems of different verticals is playing a vital role in fueling the growth of the Technical Illustration Software industry in the past few years. Moreover, the growing demand for SaaS-based expense and travel management software & pricing strategies of vendors is likely to promote the industry demand.
Technical illustration software (TIS) is used for illustration as well as design functions. The software enables designers to draw 2-dimensional as well as 3-dimensional designs.
The global Technical Illustration Software market is projected to reach USD 5.1 Billion by 2028, growing at a CAGR of 5.1%.
.jpg "The Global Technical Illustration Software Market 2018-2028 (USD Billion)")
Vendors functioning in this industry either offer illustration software or provide standalone illustration software as a part of PLM or CAD software. TIS facilitates illustrators and designers to efficiently design and draw products for prototyping purposes. The software is a part of the PLM (Product Lifecycle Management).
Technical Illustration Software Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 5.1 Billion |
| Growth Rate | CAGR of 5.1% during 2018-2028 |
| Segment Covered | By Technology, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Adobe Systems, PTC, QuadriSpace, Lattice Technology, Cyient, Canvas GFX, Autodesk, Ignite Technologies, Corel, and Dassault Systems |
Key Segment Of The Technical Illustration Software Market
By Technology (USD Billion)
• 2D Technology
• 3D Technology
By Component, (USD Billion)
• Solution
• Services
By End-User, (USD Billion)
• Automotive & Machinery
• Aerospace & Defense
• Architecture, Engineering & Construction
• High-Tech & Telecommunications
• Energy, Oil & Gas
• Others
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The base year for the report is 2023 in technical lllustration software market
North America dominated the market for technical lllustration software market and accounted for the largest revenue share
The major contenders in the global market Adobe, PTC, Lattice Technology, QuadriSpace, Corel, Canvas GFX, Cyient, Autodesk, Ignite Technologies, Dassault Systèmes, and more.
The growing demand for more animation and realistic games with high graphic content is promoting big gaming enterprises to include new games with higher features and graphics. This, consecutively, is playing an essential role in augmenting the Technical Illustration Software market. In March 2018, PTC introduced Creo 5.0, its latest version of Creo CAD Software, which facilitates users to go from concept to manufacturing within one design environment.
Evolving industries that include fashion, automotive, manufacturing, and medical verticals are likely to offer lucrative prospects in the technical illustration market. Increasing demand for innovative designs By users within various verticals to impel organizations to adopt such software to match consumer needs. On the other hand, rising competition within the Technical Illustration Software industry space is likely to stagnate the industry growth.
Component Segment
The global Technical Illustration Software market contains both solution and service segment. The solution segment has a maximum revenue share within the global Technical Illustration Software market in 2019. The TIS offers users with various features that are required to design seamless technical illustrations for their goods. However, the services segment is projected to grow with a significant growth rate from 2020 to 2028.
Organization Size Segment
Based on the organization size segment, the market is bifurcated into two sub-segments that are small & medium, and large enterprise. In 2019, the large segment gathered the largest market revenue and it is anticipated to govern the Technical Illustration Software market throughout the forecast period. However, the small & medium segment is anticipated to grow at a substantial growth rate over the forecast period.
Technology Segment
Based on the deployment segment, the market is bifurcated into two sub-segments that are 2D technology, and 3D technology. In 2019, the 2D technology segment gathered the largest market revenue and it is anticipated to dominate the market throughout the forecast period. However, the cloud segment is anticipated to grow at a substantial growth rate over the forecast period. The 3D technology enables organizations with a unified platform with SaaS-based services providing improved graphics and animations.
Application Segment
Based on the application, the market is segmented into aerospace & defense, automotive & machinery, architecture, engineering & construction, energy, oil & gas, high-tech & telecommunications, and others. The market for high-tech & communication is anticipated to possess a substantial market share in 2019 since the Tech companies today are predominantly developing to match their user needs. Moreover, the growing demand for advanced solutions along with delivering enhanced customer satisfaction and customized solutions are some of the factors responsible for the Technical Illustration Software demand.
The global Technical Illustration Software market is a wide range to North America, Asia Pacific, Europe, South America, and the Middle East & Africa. North America is considered a mature market in the Technical Illustration Software applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the Technical Illustration Software market in North America.
The major players of the global Technical Illustration Software market are Adobe, PTC, Lattice Technology, QuadriSpace, Corel, Canvas GFX, Cyient, Autodesk, Ignite Technologies, Dassault Systèmes, and more. The Technical Illustration Software market is fragmented with the existence of well-known global and domestic players across the globe.