Global Injection Molding Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Injection Molding Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Injection molding software is used to make better molded parts and reduce defects. It achieves this by digitally simulating almost every aspect of the manufacturing process, from material flow to coolant distribution to shrinkage and warpage of molded parts. Injection Molding Software can be divided into CAD software, simulation software, production software and monitoring/quality control software. Injection Molding Software is widely used in general plastics industry, automobile industry and home appliance industry, etc.

Market Overview:

The latest research study on the global Injection Molding Software market finds that the global Injection Molding Software market reached a value of USD 1020.71 million in 2022. It’s expected that the market will achieve USD 2287.37 million by 2028, exhibiting a CAGR of 14.39% during the forecast period.

Impact of COVID-19 epidemic on Injection Molding Software industry

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.

For the general plastics industry, automobile industry and home appliance industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. Therefore, the downstream industry's demand for Injection Molding Software is limited by certain funds.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants. As the epidemic situation improves, the demand for Injection Molding Software will recover.

The advantages of Injection Molding Software

Injection molding can produce a large number of parts faster than other manufacturing methods (machining or 3D printing). High precision and automated processes encourage the creation of identical parts, thereby reducing labor costs. Customization allows flexibility in part design (such as in-mold inserts) and material properties (such as color, clarity, strength and flexibility). Molding simulation can help designers and engineers understand the risks in the early stage of the design process, so as to solve these risks before full investment. Simulation software provides engineers, mold manufacturers and other molding professionals with accurate digital prototyping solutions, and helps to bring better products to market faster. These advantages will promote the growth of Injection Molding Software demand, thus promoting the development of the industry.

The service requirements for Injection Molding Software are increasing

In order to ensure that computer simulation can work correctly and provide real results, the computer needs a lot of input at first. If the input data used in the calculation process is insufficient, or the data is inaccurate or even incorrect, the injection molding simulation can only output inaccurate results. The same will happen if the model to be calculated is simplified to the point where it no longer reflects reality.

Therefore, the highly professional injection molding simulation program contains extensive databases established from numerous measurement results. These first include the latest material data, which has a considerable impact on the simulation results. The continuous updating of highly advanced Injection Molding Software and the use of the latest program version allow accurate prediction of parts. These factors will pose certain challenges to enterprises in Injection Molding Software industry.

Region Overview:

Asia-Pacific dominated the Injection Molding Software market in 2021, with a market share of 40.83%.

Company Overview:

Autodesk is one of the major players operating in the Injection Molding Software market, holding a share of 18.82% in 2021.

Autodesk

Autodesk, Inc. is an American multinational software corporation that makes software products and services for the architecture, engineering, construction, manufacturing, media, education, and entertainment industries. Autodesk is headquartered in San Rafael, California.

Dassault Systèmes

Dassault Systèmes SE is a French software corporation. It is among Fortune 50 list of the largest software companies that develops software for 3D product design, simulation, manufacturing and more. Dassault Systèmes focuses on PLM, design, 3D design, 3D digital model (DMU), product life cycle management (PLM), simulation, CAD, aerospace and national defense, architecture, engineering and construction, consumer goods and retail, consumer goods packaging and retail, energy processing and utilities, financial and commercial services, high technology, industrial equipment, etc.

Segmentation Overview:

As for product types, the Simulation software segment held the largest market share in 2021.

CAD software

Although computer aided design software is not unique to injection molding, it is used for digital design of molds and molded parts. Some computer aided design platforms include additional functions, such as simulation or cost analysis.

Simulation software

For injection molding applications, simulation software can be used to predict behaviors, such as fluid dynamics and mechanical stress, based on currently designed molded parts.

Production software

Production Software is used to control the injection molding machine during the injection molding process. Tools may include production scheduling, raw material management and temperature control.

Monitoring/quality control software

Combined with hardware input devices such as cameras or probes, Monitoring/quality control software can be used to evaluate the quality assurance of molded parts.

Application Overview:

The market's largest segment by application is the segment General Plastics Industry , with a market share of 41.62% in 2021.

Injection molding is essential for manufacturing industry, because mold is essential for manufacturing machine parts. Automate the process by using software, Injection Molding Software is widely used in general plastics industry, automobile industry and home appliance industry, etc.

Key Companies in the global Injection Molding Software market covered in Chapter 3:

Simcon
SAP
Siemens Digital Industries Software
HCL Technologies
ESI Group
SigmaSoft
3D System
Dassault Systemes
Autodesk
RJG, Inc.
CoreTech System
PTC
ANSYS
Altair Engineering
Hexagon

In Chapter 4 and Chapter 14.2, on the basis of types, the Injection Molding Software market from 2018 to 2029 is primarily split into:

CAD Software
Simulation Software
Production Software
Monitoring/quality Control Software

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Injection Molding Software market from 2018 to 2029 covers:

General Plastics Industry
Automobile Industry
Home Appliance Industry
Other Industries

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)