Technavio Announces the Publication of its Research Report CAD Market in Asia-Pacific (APAC) 2016-2020
Technavio recognizes the following companies as the key players in the CAD market in Asia-Pacific (APAC): Autodesk, Dassault Systèmes, Mentor Graphics, PTC, and Siemens PLM Software.
Other Prominent Vendors in the market are: BricsCAD, WD Encore Software, Graebert, RealCAD, SolveSpace, and TurboCAD.
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Commenting on the report, an analyst from Technavios team said: Shift toward 4-D CAD will be a key trend for market growth. End-users are gradually shifting from 3-D to 4-D CAD models. Following globalization, competition among CAD solution vendors has increased, and the lack of product differentiation is only adding to the battle for maximum market share. Vendors are incorporating additional features and functionalities in their solutions to improve customer experience. CAD providers are developing 4-D CAD solutions for enhanced operational performance and better project execution strategies in order to improve the constructability and sequencing of construction schedules using granular level information. These kinds of solutions facilitate effective management of resources while adhering to project schedules.
According to the report, developments in CAD modeling will be a key driver for market growth. Modeling is basically a set of rules that helps during computer modeling of 3-D solids. There are mainly two types of modeling in CAD:
Parametric modeling uses parameters to define a particular model. The parameters may include dimensions, density of the material, and data relating to the material surface. The dimension control capabilities and feature definition properties make parametric modeling the number one choice for many designers.
Further, the report states that the implementation of cloud solutions, however, may prove challenging to companies in the future, especially during migration from old systems to new ones. In addition, many vendors are skeptical about the security of the data stored on the cloud. Latency (the total delay between input and output of a system) is a major challenge for cloud implementation. The lack of fast and uninterrupted internet may result in a shift toward cloud computing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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CAD is a software tool that is used to achieve accuracy in designing and modeling of products and components of an organization. CAD solutions are widely adopted by several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. These solutions allow end-users to develop prototypes of their products digitally before the commencement of the production. They also help engineers, architects, and design professionals draft industry-specific products that enhance the overall product development.
Technavios analysts forecast the CAD market in APAC to post a revenue of 3.67 billion by 2020.
Covered in this report
The report covers the present scenario and the growth prospects of the CAD market in APAC for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of CAD software licenses and services.
The market is divided into the following segments based on end users:
Aerospace and defense industry
Electrical and electronics industry
Technavio’s report, CAD Market in APAC 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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