3D Rendering Market Analysis

3D Rendering Market Analysis

In terms of component, the software segment held over 70% of the 3D rendering market share in 2022. This growth is attributed to innovations in 3D rendering solutions. Software companies strongly focus on improving their product capabilities by adding new features. For instance, in October 2022, software expert Adobe updated its Substance 3D software to offer enhanced metaverse experiences. The software will now provide metaverse-level collections for 3D modeling and rendering.

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The visualization & simulation application segment accounted for 35% share of the 3D rendering market in 2022. Strong efforts by companies to introduce visualization and simulation solutions in response to the growing demand among enterprises to reduce the risks associated with final products and improve user experience are fueling segment growth. In January 2023, Nvidia, an AI computing solutions provider, launched Nvidia Omniverse, a platform that offers new ways to visualize, simulate, and code industrial discoveries and designs.

The cloud software segment is anticipated to cross USD 8 billion by 2032. Rapid digitization and widespread adoption of cloud services across industries, especially in the post-pandemic scenario, have bolstered the demand for cloud-based 3D rendering solutions. Businesses are creating cutting-edge cloud-based software with a variety of rendering proficiencies, spurring segment growth. In September 2022, Autodesk, Inc., a software corporation, extended its cloud-based Autodesk Tandem harnesses BIM data for business owners to transform digitally within a 3D environment.

3D rendering market revenue from the windows operating system segment held around USD 2.5 million in 2022, on account of the large customer base and soaring advancements such as mixed reality that are driving the demand for 3D rendering solutions across Windows OS. According to a recent report, Windows account for 76% of the global desktop operating system users. Several advantages of Windows, including better services and upgrades over other OS, influence users to adopt this OS for 3D rendering applications.

In terms of organization size, the SME segment is predicted to attain nearly 30% share of the global 3D rendering market by 2032. The booming trend of 3D rendering outsourcing services among SMEs has fueled the demand for these solutions. Small companies can take advantage of new visualization technologies without exceeding their budget for 3D modeling, staff shortages, and end-to-end contract-based results, lowering the capital investment and labor costs associated with adopting 3D rendering software.

Based on end-use, the automotive segment is slated to observe 20% growth rate through 2032. Automakers use simulation and modeling services for lean management to expedite the designing process and streamline the development of automotive systems and prevent excessive vehicle recalls. To cite an instance, Toyota, a Japanese automotive firm, in partnership with Zortrax 3D printers, has completely switched to 3D printing solutions for its vehicle production in Poland-based facilities to achieve lean management.

North America 3D rendering market value exceeded USD 1 billion in 2022, as a result of the increasing utilization of rendering applications across manufacturing, healthcare, construction, education, and real estate sectors in the region. In December 2022, Mohawk College in Hamilton announced the launch of its 3D Visualization program for the Built environment micro-credential. The program is set to provide skill enhancement BIM, 3D rendering tools, GIS, and other applications for design, construction, and maintenance services.