CAD Market in India 2015-2019
Computer-aided design (CAD) is a software tool for modeling and designing products and components with ease and accuracy. The software package helps engineers, architects, and other design professionals to digitally prototype products prior to production, and draft industry-specific products. The automotive, aerospace and defense, industrial machinery, and electrical and electronics industries use CAD solutions. These solutions enable end-users to digitally prototype their products before production.
Technavio's analysts forecast the CAD market in India to grow at a CAGR of 9.2% over the period 2014-2019.
Covered in this Report
The CAD market in India can be segmented into two product segments: 3D CAD and 2D CAD.Technavio's report, CAD Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape 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 India 2015-2019
Technavio recognizes the following companies as the key players in the CAD Market in India: 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: “The automotive industry accounts for the highest number of R&D facilities in India, most of which are located in cities, such as Pune and Chennai. These facilities use CAD solutions to design various auto components, parts, and vehicles. We expect the R&D investment to continue growing during the forecast period, as vendors, including Maruti Suzuki, are increasingly investing in the setting-up new R&D facilities in India.”
According to the report, CAD solution providers are increasingly focusing on tier II and tier III cities of India. Places, such as Surat, Vadodara, Ahmedabad, Jamshedpur, Nagpur, and Pune, are experiencing high growth in the manufacturing sector, which is increasingly employing CAD solutions for product designing.
Further, the report states that high implementation cost of CAD has led to several companies in India turn away from the technology. The implementation is also a lengthy process, and so the ROI realization, resulting in a decline in demand for CAD in India.
Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, 3D Systems, AVEVA, BobCAD-CAM, IMSI/Design, Intergraph, IronCAD, Mentor Graphics, Oracle, Robert McNeel & Associates
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