Technical illustration software comprises technical drawings, as well as scientific & medical illustrations of products. The software offers several features needed by illustrators to design technology products. The software helps in the development of both 2D and 3D designs. It allows the creation of detailed technical illustrations with absolute precision and control—from project creation and authoring to the publishing of technical documentation. The software is largely used in technical drawings of medical equipment and the manufacturing of machines. With technical illustration software, all unnecessary detail are omitted. Furthermore, the software offers artistic freedom to use various stylistic devices to support the purpose of illustration. Most of the technical illustration software has sophisticated technical illustration tools, multi-format support, capability for editing metadata, tabbed and split views, and SVG import and export capabilities.
Technical Illustration Software Market is driven by the changing entrepreneurial ecosystem of various verticals and the booming entertainment verticals. Technical illustration software makes it easy for illustrators to design technology products within a stipulated timeframe. Additionally, a number of software providers offer cost-effective solutions that can easily be bought by small and mid-sized companies that usually have budget constraints. The key restraint is the availability of free tools in the market. However, these free tools do not have comprehensive features and capabilities that are required by illustrators to design complex technical products. Therefore, even after the availability of free tools, enterprises invest in procuring proprietary software. This, in turn, minimizes the impact of the restraint on the overall growth of the market.
The technical Illustration Software Market is supposed to record a CAGR of 4.80% during the figure time frame, arriving at a worth of 8.7 billion in 2030.
Technical Illustration Software Market Segmentation:
The Global Technical Illustration Software Market has been segmented based on Component, Organization Size, End User, and Region.
Based on Component, the technical illustration software market has been segmented into solution and service. The service segment is further bifurcated into professional services and managed services. Professional services include integration services, support and maintenance services as well as training services. Managed services are technical designing services offered by third-party providers.
The solution segment accounted for the largest share in the overall market in 2018. Enterprises are deploying such solutions for achieving technical design precision.
Based on Organization Size, the technical illustration software market has been segmented into small and medium enterprise and large enterprise. The small and medium enterprise segment is expected to register the higher CAGR during the forecast period, 2019–2025
Based on End Users, the technical illustration software market has been segmented into IT & telecommunication, healthcare, aerospace & defense, energy & utility, automotive and others. The aerospace & defense segment is expected to register the highest CAGR during the forecast period.
Technical Illustration Software Market Regional Analysis:
Geographically, the Global Technical Illustration Software Market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
North America leads the market in terms of market share in the global technical illustration software market. Some of the factors that are responsible for the growth of the market include the continuous demand for comprehensive technical illustration software solutions by enterprises operating in healthcare, manufacturing, and aerospace & defense verticals. The presence of several software providers in the market is another factor that significantly contributed to the growth of the market in North America in the year 2018. North America has been segmented into the US, Canada, and Mexico. According to MRFR analysis, the US is expected to gain the highest market share, followed by Canada and Mexico. The technical illustration software market in this region is expected to grow due to the increasing demand for such solutions among various industry verticals.
Europe has occupied the second position in the market. For the purpose of this study, Europe has been categorized into the UK, Germany, France, Italy, and the rest of Europe. Among these, the UK accounted for the largest share in the overall market. However, the rest of Europe is expected to register the highest CAGR during the forecast period.
Technical Illustration Software Market Companies Covered:
Key Developments:
In May 2019, Canvas GFX partnered with Spatial, a subsidiary of Dassault Systems. The partnership has helped the company in streamlining the process of converting CAD files from the top CAD software providers into illustrations and visualizations for service documentation.
In May 2019, Cyient partnered with OneStrand, Inc., to offer interactive technical publication solutions. With this partnership, Cyient delivers technical data to global customers in aerospace, defense, and transport industries in a variety of formats based on clients’ needs, whether print or electronic delivery. Also, clients leverage the new services across the product life cycle and can better manage engineering technical data from initial creation to archiving.
Key Questions Addressed by the Report
| Report Attribute/Metric | Details |
| Market Size | USD 8.7 billion |
| CAGR | 4.80% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Component, By Organization Size |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Adobe Systems (US), Autodesk (US), Illustration Limited (UK), SAP SE (Germany), Lattice Technology (Japan), PTC (US), Dassault Systems (France), The Technical Drawing Company (US), MAA Illustrations (India), Cyient (India), Corel (Canada), QuadriSpace (US), Canvas GFX (US), Ignite Technologies, Inc. (US) and Nbg Drafting & Design (US). |
| Key Market Opportunities | The presence of several software providers in the market is another factor that significantly contributed to the growth of the market in North America in the year 2018. |
| Key Market Drivers | Technical Illustration Software is driven by the changing entrepreneurial ecosystem of various verticals and the booming entertainment verticals.\r\n Technical illustration software makes it easy for illustrators to design technology products within a stipulated timeframe. |
Technical Illustration Software Market Highlights:
Frequently Asked Questions (FAQ) :
The global Technical Illustration Software is expected to record a substantial market valuation of USD 3.89 billion over the review period.
The global Technical Illustration Software is projected to register a moderate 4.6% CAGR in the forecast period.
The solutions segment is slated to expand as the fastest-growing segment.
The APAC region is slated to expand as the fastest-growing segment.
A few major market players operating in the global Technical Illustration Software are Adobe Systems (US), Autodesk (US), Illustration Limited (UK), SAP SE (Germany), Lattice Technology (Japan), among others.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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