Changing the entrepreneurial ecosystem of different verticals coupled with increasing demand for accurate technical illustrations in the entertainment vertical drives the demand for the technical illustration software market
TIS is mostly used by illustrators and designers to design the products before its prototype. Although the technical illustration software is a part of Product Lifecycle Management (PLM), it is also available as a standalone solution in the market. The TIS is easy to use and includes several features and tools that are obliging to the illustrator. Hence the global technical illustration software (TIS) market size is anticipated to reach around USD 5.8 billion by 2025.
The technical illustration software industry is predominantly driven by continuous requirements through the automotive as well as manufacturing end-use segments. Every year, a significant number of products are being designed and developed. These products vary from cloth design to devise design. TIS is needed to design all these products.
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 considerable growth rate from 2020 to 2028.
The global technical illustration software market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The global technical illustration software industry is a wide range to North America, South America, Asia Pacific, Europe, 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.
Segment Overview of Global Technical Illustration Software Market
Component Overview, 2018-2028 (USD Billion)
Organization Size Overview, 2018-2028 (USD Billion)
- Small & Medium
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
Regional Overview, 2018-2028 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America