MRO Magazine

Research and Markets: North America CAD Market in the Automotive Industry 2015-2019 with Autodesk, Dassault Systèmes, PTC & Siemens PLM Software Dominating


November 6, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/b8xv3c/cad_market_in_the) has announced the addition of the “CAD Market in the Automotive Industry in North America 2015-2019” report to their offering.

The CAD market in the automotive Industry in North America to grow at a CAGR of 4.70% over the period 2014-2019.

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

Many vendors, especially manufacturing companies, are adopting CAD for reducing the product development time cycle. In order to compete in a highly competitive market, the companies require a shorter product development life cycle. CAD, helps to reduce the time to market by reducing the product development cycle. The increasing demand for reducing the product development cycle is one of the major drivers for the CAD market in North America.

According to the report, the CAD market in North America is highly competitive. Vendors are trying hard to differentiate their products from their competitors. CAD tools help manufacturing companies to get unique product designs and effective analysis of several parameters. Thus the CAD tools help many vendors especially in the manufacturing and discrete industries by helping them to differentiate themselves with their competitors. For instance, quality is the major factor used for product differentiation in the automotive industry. Vendors are trying to ensure more quality and safety in the vehicles they manufacture using CAD.

Further, the report states that a steep climb in data migration costs has also emerged as a key challenge to the market.

Key Vendors

  • Autodesk
  • Dassault Systèmes
  • PTC
  • Siemens PLM Software

Other Vendors

  • Aveva
  • Bentley System
  • Intergraph
  • IronCAD
  • Mentor Graphics

For more information visit http://www.researchandmarkets.com/research/b8xv3c/cad_market_in_the

Research and Markets
Laura Wood, Senior Manager
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