CAD Market in the US 2015-2019
CAD is an effective and efficient software tool for modeling and designing products and components with ease and accuracy. This software helps engineers, architects, and other design professionals digitally prototype products prior to production and draft industry-specific products to enhance their product development. CAD software is widely adopted by industries such as automotive, aerospace and defense, industrial machinery, and electrical and electronics.
Technavio's analysts forecast the CAD market in the US to grow at a CAGR of 4% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the CAD market in the US for the period 2015-2019. The market can be segmented into two product segments: 3D CAD and 2D CAD.
Technavio's report, the CAD Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers US; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Country
Technavio Announces the Publication of its Research Report – CAD Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the CAD Market in the US: Autodesk, Dassault Systèmes, PTC and Siemens PLM Software
Other Prominent Vendors in the market are: 3D Systems, BobCAD-CAM, IMSI/Design, IronCAD, Oracle and Robert McNeel & Associates
Commenting on the report, an analyst from Technavio’s team said: “The demand for integrated mechanical computer-aided design (MCAD) and electronic computer-aided design (ECAD) software, and CAD with other PLM software was high among several end-users in 2014. The cloud-based CAD solutions are also gaining prominence, and the use of 3D printers for CAD designs is expected to surge in the future.”
According to the report, the M&A transactions in the global CAD market are likely to increase with large companies acquiring medium and small software companies in a bid to boost their global footprint. For instance, Siemens acquired Unigraphics in 2007 to enter the global CAD market, and started selling NX software for product design. In 2012, Siemens PLM Software took over LMS, a leading test and mechatronic simulation software provider, to enter the simulation software market. Technavio expects Siemens PLM to engage in M&A transactions in future as well, to expand its product portfolio and boost revenues from the CAD and the global PLM market.
Further, the report states availability of free CAD solutions is one of the major challenges in the market.
Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, 3D Systems, BobCAD-CAM, IMSI/Design, IronCAD, Oracle, Robert McNeel & Associates
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