CAD is an effective and efficient tool for modeling and designing products and components with ease and accuracy. It helps engineers, architects, and other design professionals draft industry-specific products to enhance product development. Many industries such as automotive, aerospace and defense, industrial machinery, and electrical and electronics use CAD solutioons. These solutions enable end-users to digitally prototype their products before production.
Technavio's analysts forecast the CAD market in Australia to grow at a CAGR of 3.31% over the period 2014-2019.
Covered in this Report
The CAD market in Australia can be segmented into two product segments: 3D CAD and 2D CAD.
Technavio's report, the CAD Market in Australia 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers Australia; it also covers the Australian CAD market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.
Technavio Announces the Publication of its Research Report – CAD Market in Australia 2015-2019
Technavio recognizes the following companies as the key players in the CAD Market in Australia: Autodesk, Dassault Systèmes, PTC and Siemens PLM Software
Other Prominent Vendors in the market are: 3D Systems, CAD International, CADprofi, CAD Schroer, IMSI/Design, IronCAD and ZWSoft
Commenting on the report, an analyst from Technavio’s team said: “The global CAD market is likely to phase out the perpetual CAD licenses by 2016, and shift towards periodic CAD subscription/licenses. For instance, Autodesk will stop providing perpetual CAD licenses by 2016, and focus on periodical subscriptions to boost revenues from end-users.”
According to the report, overall, end-users are gradually shifting from 3D to 4D 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.
Further, the report states that the availability of open source and free CAD solutions in the market, the SMEs have shown inclination towards the use of free solutions instead of 2D or 3D CAD.
Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, 3D Systems, CAD International, CADprofi, CAD Schroer, IMSI/Design, IronCAD, ZWSoft