MRO Magazine

CAD Market in the Automotive Sector in North America – Technavio Publishes Drivers & Trends


August 3, 2015
By Business Wire News

LONDON

Technavio has published a new report on the CAD market in the automotive sector in North America,which is expected to grow at a CAGR of almost 5% from 2015-2019.

CAD market in the automotive sector segmentation by geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different countries, including the US, Canada, and Mexico.

The latest Technavio report also emphasizes the vendors, especially manufacturing companies, which are adopting CAD for reducing the product development time cycle in order to compete in a highly competitive market. CAD helps to reduce the time-to-market by shortening the product development cycle.

“The increasing demand for reducing the product development cycle is one of the major factors leading to the growth of the CAD market in North America in the forecast period,” says Faisal Ghaus, Vice President of Technavio.

CAD market in the automotive sector: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the CAD market in the automotive sector in North America from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of CAD software licenses and services.

Industry analysis includes:

  • Key Vendors:
    • Autodesk Inc.
    • Dassault Systèmes
    • PTC
    • Siemens PLM Software
  • Market Growth Drivers:
    • Need to Reduce Time-to-market
    • Pressure to Provide Product Differentiation
  • Market Challenges:
    • High Cost of Implementation
    • High Product and Training Costs
  • Market Trends:
    • Shift toward 4D Models
    • Move towards Subscription

View the CAD market in the automotive sector in North America report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the CAD market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com