Research and Markets: CAD Market in the Automotive Sector in APAC 2015-2019 – Shift in Automobile Manufacturing Plants from US and Mexico to Japan
November 3, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/837x9g/cad_market_in_the) has announced the addition of the “CAD Market in the Automotive Sector in APAC 2015-2019” report to their offering.
The CAD market in the Automotive sector in APAC to grow at a CAGR of 9.16% over the period 2014-2019.
The report, the CAD Market in the Automotive Sector in APAC 2015-2019, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers APAC; it also covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.
We expect a shift in the automobile manufacturing plants from developed countries in the Americas and EMEA to APAC. For instance, Toyota Motors and Honda Motors plan to shift their production facilities from the US to Japan by 2017, and from Mexico to Japan by 2016, respectively. The CAD market in the automotive sector in Japan will grow during the forecast period, thus contributing to the overall market growth in the future.
According to the report, increased spending in R&D by companies across industries, such as automotive and industrial machinery, has contributed to the growth of the CAD market in APAC. Automobile manufacturers, such as Hyundai Motors invested $180 million to set up R&D facilities in China. Volvo Technology has established an R&D facility in Tokyo, Japan. The facility is meant to aid in the development of new products and technologies using CAD for product design.
Further, the report states that high training and implementation costs impede market growth in the automotive sector in APAC.
Key Vendors
– Autodesk
– Dassault Systèmes
– PTC
– Siemens PLM Software
Other Prominent Vendors
– 3D Systems
– CAXA
– CHUO ENGINEERING
– Gstarsoft
– Hitachi Sunway Information Systems
– IMSI/Design
– IronCAD
– Mentor Graphics
– Robert McNeel & Associates
– YFCAD
– ZWSoft
For more information visit http://www.researchandmarkets.com/research/837x9g/cad_market_in_the
View source version on businesswire.com: http://www.businesswire.com/news/home/20151103006730/en/
Research and Markets
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