CAD Market in Canada 2015-2019
CAD is an effective and efficient tool for modeling and designing products and components with ease and accuracy. It is employed by engineers, architects, and other design professionals to draft industry-specific products. CAD solutions are widely adopted by several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. They enable end-users to digitally prototype their products before production.
Technavio's analysts forecast the CAD market in Canada to grow at a CAGR of 5.18% over the period 2014-2019.
Covered in this Report
The CAD market in Canada can be segmented into two: 3D CAD and 2D CAD.
Technavio's report, CAD Market in Canada 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Canada; it also covers the CAD market landscape in Canada and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – CAD Market in Canada 2015-2019
Technavio recognizes the following companies as the key players in the CAD market in Canada: Autodesk, Dassault Systèmes, PTC and Siemens PLM Software
Other Prominent Vendors in the market are: 3D Systems, AVEVA, BobCAD-CAM, IMSI/Design, Intergraph, IronCAD, Mentor Graphics, Oracle and Robert McNeel & Associates
Commenting on the report, an analyst from Technavio’s team said: “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. CAD providers are developing 4D 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.”
According to the report, 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.
Further, the report states that growth of the market has been curtailed negative growth rate across industries.
Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, 3D Systems, AVEVA, BobCAD-CAM, IMSI/Design, Intergraph, IronCAD, Mentor Graphics, Oracle, Robert McNeel & Associates