Overview of the global mechanical computer-aided design (MCAD) market
The demand for MCAD software is high in the aerospace and defense industry due to the increase in technical capabilities of aircrafts. Technavio’s market research analysts have identified the growing demand for MCAD in aerospace and defense to be one of the primary growth drivers for the global mechanical computer-aided design (MCAD) market till 2022. The growing focus of aircraft manufacturers in the development of highly fuel-efficient engines is resulting in an increased adoption of mechanical computer-aided design. This in turn, helps in the reduction of operating cost and lowers the consumption of fuel. MCAD is also used to reduce the weight of an aircraft without compromising on the flight stability and other features. Our market research analysts have predicted that the global MCAD market will grow at a CAGR of more than 7% by 2022.
The rising demand for customized products from end-users and growing complexity of product development are driving the need for better integration of ECAD and mechanical computer aided design software. In addition, the growing demand for electronics including mechanical parts in sectors such as automobiles will continue to propel the need for ECAD and MCAD integration. The integration of ECAD and MCAD is identified as one of the key trends that will gain traction in the mechanical computer-aided design (MCAD) market during the estimated period.
The mechanical computer-aided design (MCAD) market appears to be highly concentrated. The industry research report provides a comprehensive analysis of the market’s competitive landscape and the growth prospects for vendors in the mechanical computer-aided design market. Additionally, the report provides information about the strategies adopted by companies to enhance their revenue shares in this competitive market.
This research report covers an analysis of various companies including –
Segmentation by end-user and analysis of the mechanical computer-aided design (MCAD) market
Industrial machinery industry
Aerospace and defense industry
Electrical and electronics industry
The industrial machinery industry segment contributed the majority of share toward the mechanical computer-aided design (MCAD) market during 2017. It has been estimated that the mechanical computer-aided design market will experience growth in this segment throughout the forecasted period.
Segmentation by geography and analysis of the mechanical computer-aided design (MCAD) market
In terms of geography, the Americas accounted for the majority market share of mechanical computer-aided design (MCAD) market during 2017. The growing preference for MCAD will drive the growth prospects for the mechanical computer-aided design market in the region for the next four years.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global mechanical computer-aided design (MCAD) market?
What are the key market trends impacting the growth of the global mechanical computer-aided design (MCAD) market?
What are the challenges to market growth?
Who are the key vendors in the global mechanical computer-aided design (MCAD) market?
What are the market opportunities and threats faced by the vendors in the global mechanical computer-aided design (MCAD) market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global mechanical computer-aided design (MCAD) market?
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