CAD involves the use of a computer for the process of design and documentation. A growing number of designers are translating hand sketches to the CAD format to view designs of clothing virtually in different colors and shapes. CAD helps save time as it requires fewer adjustments of prototypes.
Technavio’s analysts forecast the global CAD market in the apparel industry to grow at a CAGR of 5.09% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global CAD market in the apparel industry for 2016-2020. To calculate the market size, the report considers both direct revenue and indirect revenue of the vendors. The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global CAD Market in the Apparel Industry 2016-2020
Technavio recognizes the following companies as the key players in the global CAD market in the apparel industry: Autodesk, Browzwear, and Lectra.
Other Prominent Vendors in the market are: AllCAD, Arahne, Artext, Audaces, Bontex, CadCam Technology, C-Design, Fashion CAD, Gerber Technology, and Tricycle.
Commenting on the report, an analyst from Technavio’s team said: “The increasing shift towards subscription model will be a major trend for market growth. We predict a gradual phase out of perpetual CAD licenses by 2016 because of the shift toward CAD subscriptions among end-users in the market. In 2016, Autodesk will stop providing perpetual CAD licenses and focus more on subscriptions as they are expected to provide higher revenues for end-users. According to our calculations, the adoption of AutoCAD LT on subscription generates $320-$350 per year on an average, as compared with a perpetual license, which generates $250-$260 per year. The high return on investment on subscriptions will decrease the demand for perpetual CAD licenses, which are eventually expected to phase out.”
According to the report, need for reducing product development time will be one of the market drivers for market growth. The majority of the time involved in the product development process is spent during the design stage. CAD solutions help the manufacturers design their products efficiently by providing visualizations and simulations and reducing the need for producing physical prototypes. It also streamlines the manufacturing process, reducing the product development time and the costs associated with the manufacturing processes.
Further, the report states that lack of standardization will be a challenge against the market growth. Vendors are struggling to provide CAD interoperability, owing to the lack of standardization in protocols, program formats, syntaxes, and terminologies. Each vendor follows a different format, which affects the overall interoperability of different CAD software solutions. Therefore, PLM vendors and core CAD vendors need to develop a common platform to prevent standardization problems from affecting the market growth.
Autodesk, Browzwear, Lectra, AllCAD, Arahne, Artext, Audaces, Bontex, CadCam Technology, C-Design, Fashion CAD, Gerber Technology, Tricycle.
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