CAD Market in the Automotive Sector in APAC 2015-2019
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 solutions. These solutions enable end-users to digitally prototype their products before production.
Technavio's analysts forecast the CAD market in the Automotive sector in APAC to grow at a CAGR of 9.16% over the period 2014-2019.
Covered in this Report
The CAD market in the Automotive sector in APAC can be segmented into two product segments: 3D CAD and 2D CAD.
Technavio's report, the CAD Market in the Automotive Sector in APAC 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers APAC; it also covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.Key Country
Technavio Announces the Publication of its Research Report – CAD Market in the Automotive Sector in APAC 2015-2019
Technavio recognizes the following companies as the key players in the CAD Market in the Automotive Sector in APAC: Autodesk, Dassault Systèmes, PTC and Siemens PLM Software
Other Prominent Vendors in the market are: 3D Systems, CAXA, CHUO ENGINEERING, Gstarsoft, Hitachi Sunway Information Systems, IMSI/Design, IronCAD, Mentor Graphics, Robert McNeel & Associates, YFCAD and ZWSoft
Commenting on the report, an analyst from Technavio’s team said: “We expect a shift in the automobile manufacturing plants from developed countries in the Americas and EMEA to APAC. For instance, Toyota Motors and Honda Motors plan to shift their production facilities from the US to Japan by 2017, and from Mexico to Japan by 2016, respectively. The CAD market in the automotive sector in Japan will grow during the forecast period, thus contributing to the overall market growth in the future.”
According to the report, increased spending in R&D by companies across industries, such as automotive and industrial machinery, has contributed to the growth of the CAD market in APAC. Automobile manufacturers, such as Hyundai Motors invested $180 million to set up R&D facilities in China. Volvo Technology has established an R&D facility in Tokyo, Japan. The facility is meant to aid in the development of new products and technologies using CAD for product design.
Further, the report states that high training and implementation costs impede market growth in the automotive sector in APAC.Companies Mentioned
Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, 3D Systems, CAXA, CHUO ENGINEERING, Gstarsoft, Hitachi Sunway Information Systems, IMSI/Design, IronCAD, Mentor Graphics, Robert McNeel & Associates, YFCAD, ZWSoft