CAD Market in China 2015-2019
CAD is an effective and efficient tool for modelling and designing products and components with ease and accuracy. This solution helps engineers, architects, and other design professionals draft industry-specific products to enhance their product development. CAD solutions are widely adopted by industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, among others. These solutions enable end-users to digitally prototype their products before production.
Technavio's analysts forecast the CAD market in China to grow at a CAGR of 10.20% over the period 2014-2019.
Covered in this Report
Technavio's report, the CAD Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers China; it also covers the 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 China 2015-2019
Technavio recognizes the following companies as the key players in the CAD Market in China: Autodesk, Dassault Systèmes, PTC and Siemens PLM Software
Other Prominent Vendors in the market are: YFCAD, ZWSoft, Gstarsoft and CAXA
Commenting on the report, an analyst from Technavio’s team said: “The use of rapid prototyping and tooling is on the rise in several industries, like automotive, aerospace, machine tools, healthcare, and consumer durables, especially with the increasing competition among companies to develop more competitive and efficient products. This is enabling easy and fast development of product prototypes through additive manufacturing. It also facilitates the development of molds at a fast pace, and also enables direct fabrication of tools for prototypes. With the increasing popularity of rapid prototyping and tooling among manufacturers, the demand for CAD will also grow, since CAD drawing is a prerequisite input for the efficient use of rapid prototyping systems.”
According to the report, globalization has increased competition among infrastructure companies across the globe to develop projects with enhanced features and facilities. It has also increased the need for modular infrastructure development through better quality. CAD software enable the development and designing of modular building constructions, providing extended visualization for products. There is also a constant need for quality infrastructure designs that are on par with international standards. The energy savings imperative is accelerating the need for the development of green buildings, wherein CAD deployment is highly useful with its ability to assist drafts people in designing objects with better efficiency and quality, while ensuring minimal amount of deviations.
Further, the report states that one of the major challenges in the market high threat from local vendors.
Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, YFCAD, ZWSoft, Gstarsoft and CAXA