CAD Market in the UK 2015-2019
CAD is an effective and efficient software tool for modeling and designing products and components with ease and accuracy. This software helps engineers, architects, and other design professionals digitally prototype products prior to production and draft industry-specific products to enhance their product development. CAD software is widely adopted by industries such as automotive, aerospace and defense, industrial machinery, and electrical and electronics.
Technavio's analysts forecast the CAD market in the UK to grow at a CAGR of 3.94% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the CAD market in the UK for the period 2015-2019.
Technavio's report, CAD Market in the UK 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the UK; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – CAD Market in the UK 2015-2019
Technavio recognizes the following companies as the key players in the CAD Market in the UK: Autodesk, Dassault Systèmes, PTC and Siemens PLM Software
Other Prominent Vendors in the market are: BricsCAD, RealCAD, Solvespace, TurboCAD and ViaCAD
Commenting on the report, an analyst from Technavio’s team said: “Technavio estimates that revenue generation from sales through partners will exceed direct sales of original software providers in the future. Currently, system integrators and resellers/VARs are concentrated on specific industries, capturing niche markets. This trend will continue to grow with the emergence of several SMEs in the automotive, aerospace and defense, industrial machinery, and electrical and electronics industries.”
According to the report, TechNavio predicts an increased use of CAD solutions by SMEs, and also the likely entry of new original software providers into the market. These providers would roll out their products through resellers/VARs or system integrators due to their lack of market presence and brand visibility. For instance, Onshape, a cloud-based CAD solution provider, partnered with Geometric to sell its cloud-based 3D CAD system in the market.
Further, the report states that most software solution vendors charge extra for software updates. Some vendors force end-users to purchase updates by withholding technical support for customers that do not pay for the latest version. Such issues are inhibiting market growth.
Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, BricsCAD, RealCAD, Solvespace, TurboCAD, ViaCAD
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook