Technical Illustration Software Market By Component (Solution, Services), Organization Size (Small & Medium, Large), Technology (2D, 3D), Application (Aerospace & Defense, Automotive & Machinery, Architecture, Engineering & Construction, Energy, Oil & Gas, High-Tech & Telecommunications, Others), and Region (North America, Europe, Asia Pacific, Middle East & Africa And South America), Global Forecast 2018 to 2028
Sep 2020
Total Pages: 131
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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. 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).
Key Segments of the Global Technical Illustration Software Market
Component Overview, 2018-2028 (USD Billion)
- Solution
- Services
Organization Size Overview, 2018-2028 (USD Billion)
- Small & Medium
- Large
Technology Overview, 2018-2028 (USD Billion)
- 2D Technology
- 3D Technology
Application Overview, 2018-2028 (USD Billion)
- Aerospace and Defense
- Automotive and Machinery
- Architecture, Engineering, and Construction
- Energy, Oil, and Gas
- High-Tech and Telecommunications
- Others
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Technical Illustration Software market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations By existing key players to boost the market.
What does the report include?
- The study on the global Technical Illustration Software market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Technical Illustration Software industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on organization type, component, deployment, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Technical Illustration Software market. The report will benefit:
- Every stakeholder is involved in the Technical Illustration Software market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global Technical Illustration Software market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Technical Illustration Software market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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.
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. 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).
Key Segments of the Global Technical Illustration Software Market
Component Overview, 2018-2028 (USD Billion)
- Solution
- Services
Organization Size Overview, 2018-2028 (USD Billion)
- Small & Medium
- Large
Technology Overview, 2018-2028 (USD Billion)
- 2D Technology
- 3D Technology
Application Overview, 2018-2028 (USD Billion)
- Aerospace and Defense
- Automotive and Machinery
- Architecture, Engineering, and Construction
- Energy, Oil, and Gas
- High-Tech and Telecommunications
- Others
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Technical Illustration Software market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations By existing key players to boost the market.
What does the report include?
- The study on the global Technical Illustration Software market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Technical Illustration Software industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on organization type, component, deployment, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Technical Illustration Software market. The report will benefit:
- Every stakeholder is involved in the Technical Illustration Software market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global Technical Illustration Software market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Technical Illustration Software market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions, and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Growing Media & Entertainment Vertical
4.3.1.2 Changing Entrepreneurial Ecosystem of Different Verticals
4.3.2 Restraints
4.3.2.1 Growing Competition in the Technical Illustration Software Marketspace
4.3.3 Opportunities
4.5 PEST Analysis
4.6 COVID-19 Impact Analysis
Chapter 5 Technical Illustration Software Market By Component
5.1 Introduction
5.1.1 Solution
5.1.2 Services
Chapter 6 Technical Illustration Software Market By Organization Size
6.1 Introduction
6.1.1 Small & Medium
6.1.2 Large
Chapter 7 Technical Illustration Software Market By Technology
7.1 Introduction
7.1.1 2D Technology
7.1.2 3D Technology
Chapter 8 Technical Illustration Software Market By Application
8.1 Introduction
8.1.1 Aerospace and Defense
8.1.2 Automotive and Machinery
8.1.3 Architecture, Engineering and Construction
8.1.4 Energy, Oil and Gas
8.1.5 High-Tech and Telecommunications
8.1.6 Others
Chapter 9 Technical Illustration Software Market By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Middle East & Africa
9.5.1 UAE
9.5.2 South Africa
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Rest of South America
Chapter 11 Company Profiles
11.1 Adobe
11.1.1 Overview
11.1.2 Products and Services Portfolio
11.1.3 Recent Initiatives
11.1.4 Company Financials
11.1.5 SWOT
11.2 PTC
11.2.1 Overview
11.2.2 Products and Services Portfolio
11.2.3 Recent Initiatives
11.2.4 Company Financials
11.2.5 SWOT
11.3 Lattice Technology
11.3.1 Overview
11.3.2 Products and Services Portfolio
11.3.3 Recent Initiatives
11.3.4 Company Financials
11.3.5 SWOT
11.4 QuadriSpace
11.4.1 Overview
11.4.2 Products and Services Portfolio
11.4.3 Recent Initiatives
11.4.4 Company Financials
11.4.5 SWOT
11.5 Corel
11.5.1 Overview
11.5.2 Products and Services Portfolio
11.5.3 Recent Initiatives
11.5.4 Company Financials
11.5.5 SWOT
11.6 Canvas GFX
11.6.1 Overview
11.6.2 Products and Services Portfolio
11.6.3 Recent Initiatives
11.6.4 Company Financials
11.6.5 SWOT
11.7 Cyient
11.7.1 Overview
11.7.2 Products and Services Portfolio
11.7.3 Recent Initiatives
11.7.4 Company Financials
11.7.5 SWOT
11.8 Ignite Technologies
11.8.1 Overview
11.8.2 Products and Services Portfolio
11.8.3 Recent Initiatives
11.8.4 Company Financials
11.8.5 SWOT
11.9 Dassault Systèmes
11.9.1 Overview
11.9.2 Products and Services Portfolio
11.9.3 Recent Initiatives
11.9.4 Company Financials
11.9.5 SWOT
11.10 Autodesk
11.10.1 Overview
11.10.2 Products and Services Portfolio
11.10.3 Recent Initiatives
11.10.4 Company Financials
11.10.5 SWOT
11.11 Other Companies