Global CAD Market for VARs 2017-2021

Global CAD market for VARs outlook

Market research analysts at Technavio predict that the global computer-aided design (CAD) market size for value-added resellers (VARs) will grow steadily at a CAGR of over 8% by 2021. This market research analysis identifies the growing support for resellers from CAD vendors as one of the primary growth factors for this market. The global CAD market for VARs is witnessing an increasing number of partnerships between the original CAD providers and resellers. As a result, the vendors are conducting several programs to train and authorize the partners on CAD solutions and CAD implementation methodologies. For instance, PTC has a Partner Network Program that focuses on resellers located in several parts of the world.

The increase in development of smart factories in Germany is one of the latest CAD trends that will gain traction in the market for VARs in the coming years. The integration of real manufacturing world with the digital manufacturing world has led to the development of smart factories in Germany. Smart machines are installed in the factories to curb down any human intervention and eliminate processes, product wastage, machine downtime, defects, and waiting. According to the CAD market  forecast report, these features will increase the demand for CAD and help VARs to increase the sales of CAD solutions.

Competitive landscape and key vendors

The CAD market for VARs is fragmented with the presence of several vendors. It has been noted that the key vendors generate revenue either through direct sales or VARs. The increasing competition among CAD companies is leading to market consolidation wherein small players are acquired by or merged with large players. Due to the rapid change in technologies, it is crucial for vendors to focus on product differentiation through a clear and unique value proposition.

The leading vendors in the market are -

• DXC Technology
• PITERION
• Tata Technologies

The other prominent vendors in the market include BCT Technology, Camanotech, CENIT, EDS Technologies, GeometricPLM, INNEO Solutions, MAYA Heat Transfer Technologies, Mercury Marine, and PROLIM.

Segmentation by end-user and analysis of the CAD market for VARs

• Automotive industry
• Aerospace and defense industries

The automotive industry accounted for the major shares of this market during the forecast period, as per the CAD market research report. CAD helps scale down production costs by reducing the number of prototypes required, thereby making it a preferred option for most automobile manufacturers. Additionally, the rise in product recalls has made CAD and other product lifecycle management (PLM) software an inevitable part of this industry.

Geographical segmentation and analysis of the CAD market for VARs

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The increasing investments in R&D activities by the automobile manufacturers contributes to the growing demand for CAD software in this region. Additionally, several foreign automobile manufacturers in the APAC such as General Motors, Volkswagen, Mitsubishi, and Suzuki are increasingly using CAD solutions for product development.

Key questions answered in the report include

• What will the CAD market size and the growth rate be of the global CAD market for VARs in 2021?
• What are the key factors driving the global CAD market for VARs?
• What are the key CAD market trends impacting the growth for VARs?
• What are the challenges to the CAD market growth?
• Who are the key vendors in the global CAD market for VARs?
• What are the CAD market opportunities and threats faced by the vendors?
• What are the trending factors influencing the market shares of the global CAD market for VARs in Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global CAD market for VARs?