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Global CAD Market in the Automotive Industry 2016-2020

Global CAD Market in the Automotive Industry 2016-2020

About CAD

CAD is a software tool that is used to achieve accuracy in designing and modeling of products and components of an organization. several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others widely use CAD solutions. These solutions allow the end-users to develop prototypes of their products digitally before the commencement of the production. They also help engineers, architects, and design professionals draft industry-specific products that enhance the overall product development.

Technavio’s analysts forecast the global CAD market in the automotive industry to grow at a CAGR of 5.26% 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 automotive industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of CAD software licenses, and services.

The market is divided into the following segments based on geography:

  • APAC
  • EMEA
  • North America
  • South America
Technavio's report, Global CAD Market in the Automotive Industry 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Autodesk
  • Dassault Systèmes
  • PTC
  • Siemens PLM Software
Other prominent vendors
  • BricsCAD
  • Encore
  • Graebert
  • RealCAD
  • Solvespace
  • TurboCAD
Market driver
  • Increased product recalls in automotive industry
  • For a full, detailed list, view our report
Market challenge
  • High cost of implementation
  • For a full, detailed list, view our report
Market trend
  • High cost of implementation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global CAD Market in the Automotive Industry 2016-2020

Technavio recognizes the following companies as the key players in the global CAD market in the automotive industry: Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software.

Other Prominent Vendors in the market are: BricsCAD, Encore, Graebert, RealCAD, Solvespace, and TurboCAD.

Commenting on the report, an analyst from Technavio’s team said: “Shift toward 4D CAD will be a key trend for market growth. End-users of CAD software, especially automotive industry, are shifting from 3D to 4D CAD models. Globalization of the markets has increased the competition among CAD solution, and the lack of product differentiation further 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. These kinds of solutions facilitate effective management of resources while adhering to project schedules.”

According to the report, role of CAD in mass customization will be a key driver for market growth. High demand for product customization increased the demand for CAD solutions across industries. Companies that relied on mass production due to its cost effectiveness are now resorting to mass customization. Product customization also leads to the creation of a single bill for materials that can be used once or multiple times depending on the end-user's requirements. CAD software plays a major role in determining the bill of materials at the design stage.

Further, the report states that high cost of switching will be a challenge for the market. Although CAD helps realize a high ROI in a short period of time, it involves high customer switching costs. Investment in CAD depends on the existing PLM. Customers commit to long-term contractual arrangements with vendors to leverage the benefits of PLM and CAD tools. They are forced to continue working with the same vendor because of high the switching cost and low performance issues, which is affecting the growth of the market.



Companies Mentioned

Autodesk, Dassault Systèmes, PTC, Siemens PLM Software, BricsCAD, Encore, Graebert, RealCAD, Solvespace, TurboCAD.

  • Executive summary
    • Highlights
  • Scope of the report
    • About CAD
    • Market overview
      • Table CAD market in the automotive industry-overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • PLM overview
    • Table PLM overview
    • Table Benefits of PLM
    • Role of PLM in product development process
      • Table Role of PLM in the product development process
      • Table PLM Software used in the product development process
  • CAD and R&D
    • Global R&D expenditure scenario
      • Table Percentage share of global R&D spending in 2015
    • R&D in the automotive industry
  • Market landscape
    • Market size and forecast
      • Table Global CAD market in the automotive industry 2015-2020 ($ billions)
  • Geographic segmentation
    • Overview
      • Table Global CAD market in the automotive industry by geography 2015
      • Table Global CAD market in the automotive industry 2015 and 2020 ($ millions)
      • Table Geographic segments and their CAGR 2015-2020
    • EMEA
      • Table CAD market in the automotive industry in EMEA 2015-2020 ($ millions)
    • APAC
      • Table CAD market in the automotive industry in APAC 2015-2020 ($ millions)
    • North America
      • Table CAD market in the automotive industry in North America 2015-2020 ($ millions)
      • Table Major automobile plants in Mexico and the states in which they are located
    • South America
      • Table CAD market in the automotive industry in South America 2015-2020 ($ millions)
  • Buying criteria
    • Buying criteria of CAD software in automotive industry
      • Table Cost of licenses for AutoCAD and AutoCAD LT
  • Market drivers
    • Increased product recalls in automotive industry
    • Role of CAD in mass customization
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High cost of training
    • High cost of switching
    • High cost of implementation
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Developments in CAD modeling
      • Table Three areas of synchronization while using synchronous technology
      • Table Synchronous technology in Siemens PLM Software
    • Shift from perpetual license model to subscription model
    • Shift toward 4D CAD
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive scenario
      • Table Current and possible future plans for major players in CAD market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor profiles
    • Autodesk
      • Table Autodesk: Product segmentation 2015
      • Table Autodesk: Business segmentation by revenue 2014 and 2015 ($ millions)
      • Table Autodesk: Geographical segmentation by revenue 2015
      • Table Strategies followed by Autodesk
      • Table Autodesk: Recent developments
    • Dassault Systèmes
      • Table Revenue generated by Dassault Systèmes 2013-2015 ($ billions)
      • Table Strategies of Dassault Systèmes
      • Table Dassault Systèmes: Recent developments
    • PTC
      • Table Revenue generated by PTC 2014 and 2015 ($ billions)
      • Table Revenue generation split 2015
      • Table PTC: Acquisition strategy
      • Table PTC: Recent developments
    • Siemens PLM Software
      • Table Major release versions of NX
      • Table Major release versions of Solid Edge
      • Table Major developments in 2015 and 2016
      • Table Siemens PLM: Expansion strategy
      • Table Expansion strategy from the end-user perspective
      • Table Siemens PLM Software: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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