MRO Magazine

Research and Markets: CAD Market in the Automotive Sector in EMEA 2015-2019 – Utilization of On-Premises and Cloud-Based CAD for Designing Purposes

By Business Wire News   



DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/h5h6jn/cad_market_in_the) has announced the addition of the “CAD Market in the Automotive Sector in EMEA 2015-2019” report to their offering.

The CAD market in the automotive sector in EMEA to grow at a CAGR of 4.29% over the period 2014-2019.

CAD Market in the Automotive Sector in EMEA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers EMEA; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Expanding product portfolios and the complexities involved in product development have boosted the demand for a system that can act as one-stop solution for production processes across industries. The implementation of PLM in an organization results in higher revenue, reduced cost, and capital efficiency.

According to the report, increased R&D investments by automobile manufacturers contributed to the growth of the CAD market in the automotive sector in EMEA. For instance, in 2014, German automobile manufacturers invested $23 billion in R&D. The R&D investments include the purchase of design software such as CAD.

Further, the report states that the availability of open-source and free software is likely to hinder the growth of the CAD market, as small and medium-sized enterprises (SMEs) prefer open-source software, considering the high cost of commercial software.

Key countries

  • France
  • Germany
  • UK

Key vendors

  • Autodesk
  • Dassault Systèmes
  • PTC
  • Siemens PLM Software

Other prominent vendors

  • 3D Systems
  • Cadonix
  • Graebert
  • IMSI/Design
  • IronCAD
  • Mentor Graphics
  • Oracle
  • Robert McNeel & Associates
  • Schott Systeme
  • Tebis Technische Informationssysteme

For more information visit http://www.researchandmarkets.com/research/h5h6jn/cad_market_in_the

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Engineering

Advertisement

Stories continue below

Print this page