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Market research analysts at Technavio have predicted that the computer aided designing (CAD) market in APAC will grow impressively during the predicted period and will post a revenue of more than USD 3 billion by 2020. The increase in rapid prototyping and tooling in the automobile, aerospace, and manufacturing industries in India in the recent years, resulted in the high demand for CAD. Product visualization comes as one of the major aspects of developing products with high quality and accurate specifications. Automobile companies such as Maruti Suzuki, Mahindra & Mahindra, and Ashok Leyland use CAD for designing and developing their products. The National Automotive Testing and R&D Infrastructure Project started by few state governments and automobile manufacturers aims to increase the infrastructure in India for testing, validation, and R&D of new and innovative automobiles and their components. This will induce more end-users to adopt CAD solutions, which will propel the growth of the market during the forecast period.
Due to the high ROI on subscription models, CAD vendors will start reducing the sale of perpetual CAD licenses. Moreover, the subscription model is simple to use and provides a much better user experience for the customers than the perpetual model, and also allows vendors to provide software updates at any time. As a result, the market will witness a gradual shift toward periodic CAD subscription/licenses, which will be one of the major trends gaining traction in the market in the next four years.
The market is marked by the presence of a several large- and small-scale vendors and is dominated by major CAD vendors such as Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software. The market’s huge growth potential will attract several new vendors to enter the market resulting in intense competition among the existing players and new entrants. This will induce major vendors to acquire smaller players, which will lead to market consolidation. To remain competitive and retain their share of the market vendors have to differentiate their product and service offerings through a clear and unique value proposition.
The leading vendors in the market are -
The other prominent vendors in the market are BricsCAD, Encore, Graebert, RealCAD, Solvespace, and TurboCAD.
During 2015, the automotive industry accounted for more than 32% of the total market shares and dominated this industry. The increasing demand for new energy vehicles in China is one of the major factors for the growth of the market in this industry. Since the design and manufacturing processes of new energy vehicles are different from the traditional processes, automobile manufacturers will start using customized PLM software, such as CAD products, to reduce their product design time and costs.
This market study estimates that in terms of geographic regions, China was the major contributor to the growth of the market and accounted for about 22% of the total market shares. The use of CAD software in the aerospace and defense, electrical and electronics, and automotive industries to improve the product development processes will augment the demand for CAD software from the country. Moreover, with the significant increase in foreign direct investment in R&D sectors of several end-users, the demand for ECAD will also increase.
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Computer-aided design (CAD) is a software mechanism that facilitates the smooth and accurate designing and modeling of products and components. This software tool helps engineers, architects, and other design professionals to prepare a digital framework of products before their production and design. Some of the major end users of CAD solutions include automotive, aerospace and defense, industrial machinery, and electrical and electronics industries. Autodesk, PTC, and Dassault will be some prominent vendors in this market space.
The report, CAD market in APAC, is part of Technavio’s ICT research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automatic identification system, cloud computing, data center, enterprise application, IT security, ITO and BPO, and product lifecycle management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: PLM overview
PART 06: Market landscape
PART 07: Geographic segmentation
PART 08: China
PART 09: Japan
PART 10: India
PART 11: South Korea
PART 12: Australia
PART 13: End-user segmentation
PART 14: Buying criteria
PART 15: Market trends
PART 16: Impact of trends
PART 17: Five forces analysis
PART 18: Vendor landscape
PART 19: Key vendor profiles
PART 20: Appendix
PART 21: Explore Technavio
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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