CAD Market in the Automotive Sector in EMEA Expected to Reach USD 1 Billion by 2019: Technavio
By Business Wire News
Technavio’s latest report on the CAD market in the automotive sector in EMEA states the emergence of fuel efficient vehicles, battery operated vehicles, and the focus on green technology is together boosting the technological developments in the automotive industry. Analysts have thus predicted a growth rate of over 4% between 2015 and 2019.
Other growing markets for CAD include the aerospace and defense sector in APAC and the electrical and electronics sector in North America. In both markets, the 3D CAD sector accounted for a minimum of 57% of the total share in 2014 and is growing at a CAGR of at least 4% through 2019.
“The increasing per capita income of people and the growing need for comfortability and convenience, are expanding the adoption of the CAD market in the automotive industry across the globe, and EMEA region is no exception,” says Faisal Ghaus, Vice President of Technavio.
The report provides an in-depth analysis on 2D CAD, 3D CAD, the market’s major drivers, risks and challenges, emerging trends and key vendors.
The most prominent companies are as follows:
- Dassault Systèmes
- Siemens PLM Software
Technavio’s latest reports in the CAD area:
CAD Market in the Automotive Sector in EMEA 2015-2019
CAD Market in the Aerospace and Defense Sector in APAC 2015-2019
CAD Market in Electrical and Electronics Sector in North America 2015-2019
CAD Market in Australia 2015-2019
CAD Market in the UK 2015-2019
CAD Market in the US 2015-2019
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