CAD Market in the Automotive Industry to Grow at a CAGR of 5.26% to 2020
CAD Market in the Automotive Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
(EMAILWIRE.COM, March 01, 2018 ) CAD (computer-aided designing) is a software tool that is used to achieve accuracy in designing and modeling of products and components of an organization. Several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others widely use CAD solutions. These solutions allow the end-users to develop prototypes of their products digitally before the commencement of the production. They also help engineers, architects, and design professionals draft industry-specific products that enhance the overall product development.
Analysts forecast the global CAD market in the automotive industry to grow at a CAGR of 5.26% during the period 2016-2020.
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From having to incur severe losses based on the number of products recalled to having a bad reputation in case of a major issue, product recalls due to non-compliance of product standards and safety concerns have several negative effects. Since the effective use of product life cycle management (PLM) software such as computer-aided designing (CAD), computer-aided engineering (CAE), and computer-aided manufacturing (CAM) can ensure the reduction in number of product recalls by refining the product, there will be an increase in the adoption of PLM software by automotive industries, which in turn, fuels the growth of the CAD market in the automotive industry.
Key vendors
-Autodesk
-Dassault Systèmes
-PTC
-Siemens PLM Software
Other prominent vendors
-BricsCAD
-Encore
-Graebert
-RealCAD
-Solvespace
-TurboCAD
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Market driver
-Increased product recalls in automotive industry
-Role of CAD in mass customization
Market challenge
-High cost of training
-High cost of switching
-High cost of implementation
Market trend
-Developments in CAD modeling
-Shift from perpetual license model to subscription model
-Shift toward 4D CAD
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
Browse complete report @ http://www.reportsweb.com/global-cad-market-in-the-automotive-industry-2016-2020
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Analysts forecast the global CAD market in the automotive industry to grow at a CAGR of 5.26% during the period 2016-2020.
FREE | Request sample copy @ http://www.reportsweb.com/inquiry&RW0001420988/sample
From having to incur severe losses based on the number of products recalled to having a bad reputation in case of a major issue, product recalls due to non-compliance of product standards and safety concerns have several negative effects. Since the effective use of product life cycle management (PLM) software such as computer-aided designing (CAD), computer-aided engineering (CAE), and computer-aided manufacturing (CAM) can ensure the reduction in number of product recalls by refining the product, there will be an increase in the adoption of PLM software by automotive industries, which in turn, fuels the growth of the CAD market in the automotive industry.
Key vendors
-Autodesk
-Dassault Systèmes
-PTC
-Siemens PLM Software
Other prominent vendors
-BricsCAD
-Encore
-Graebert
-RealCAD
-Solvespace
-TurboCAD
Have any query? Enquire about report @ http://www.reportsweb.com/inquiry&RW0001420988/buying
Market driver
-Increased product recalls in automotive industry
-Role of CAD in mass customization
Market challenge
-High cost of training
-High cost of switching
-High cost of implementation
Market trend
-Developments in CAD modeling
-Shift from perpetual license model to subscription model
-Shift toward 4D CAD
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
Browse complete report @ http://www.reportsweb.com/global-cad-market-in-the-automotive-industry-2016-2020
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results