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CAD Market Growth, Demand, Opportunity, Analysis And Forecasts To 2020

According to the report, developments in CAD modeling will be a key driver for market growth. Modeling is basically a set of rules that helps during computer modeling of 3-D solids.
CAD Market Share and Size, Emerging Trends, Analysis, Overview
and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report CAD Market in Asia-Pacific (APAC) 20162020
Technavio recognizes the following companies as the key players in the CAD market in Asia-Pacific
(APAC): Autodesk, Dassault Systèmes, Mentor Graphics, PTC, and Siemens PLM Software.
Other Prominent Vendors in the market are: BricsCAD, WD Encore Software, Graebert, RealCAD,
SolveSpace, and TurboCAD.
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Commenting on the report, an analyst from Technavio’ s team said: “Shift toward 4-D CAD will be a key
trend for market growth. End-users are gradually shifting from 3-D to 4-D CAD models. Following
globalization, competition among CAD solution vendors has increased, and the lack of product
differentiation is only adding to the battle for maximum market share. Vendors are incorporating
additional features and functionalities in their solutions to improve customer experience. CAD providers
are developing 4-D CAD solutions for enhanced operational performance and better project execution
strategies in order to improve the constructability and sequencing of construction schedules using
granular level information. These kinds of solutions facilitate effective management of resources while
adhering to project schedules.”
According to the report, developments in CAD modeling will be a key driver for market growth.
Modeling is basically a set of rules that helps during computer modeling of 3-D solids. There are mainly
two types of modeling in CAD:
Parametric modeling
Direct modeling
Parametric modeling uses parameters to define a particular model. The parameters may include
dimensions, density of the material, and data relating to the material surface. The dimension control
capabilities and feature definition properties make parametric modeling the number one choice for
many designers.
Further, the report states that the implementation of cloud solutions, however, may prove challenging
to companies in the future, especially during migration from old systems to new ones. In addition, many
vendors are skeptical about the security of the data stored on the cloud. Latency (the total delay
between input and output of a system) is a major challenge for cloud implementation. The lack of fast
and uninterrupted internet may result in a shift toward cloud computing.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About CAD
CAD is a software tool that is used to achieve accuracy in designing and modeling of products and
components of an organization. CAD solutions are widely adopted by several industries such as
automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. These
solutions allow 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.
Technavio’ s analysts forecast the CAD market in APAC to post a revenue of 3.67 billion by 2020.
Covered in this report
The report covers the present scenario and the growth prospects of the CAD market in APAC for 20162020. To calculate the market size, the report considers the revenue generated from sales of CAD
software licenses and services.
The market is divided into the following segments based on end users:
Aerospace and defense industry
Automotive industry
Electrical and electronics industry
Technavio's report, CAD Market in APAC 2016-2020, 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. The report also includes a discussion of the key vendors operating in
this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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