New research on 2016 CAD market in the automotive industry adds on RnRMarketResearch.com. This report covers the present scenario and the growth prospects of the global CAD market in the automotive industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of CAD software licenses, and services.
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This analyst forecast the global CAD market in the automotive industry to grow at a CAGR of 5.26% during the period 2016-2020. CAD is a software tool that is used to achieve accuracy in designing and modeling of products and components of an organization. several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others widely use CAD solutions. These solutions allow the 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.
The report, Global CAD Market in the Automotive Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
Complete report available on http://www.rnrmarketresearch.com/global-cad-market-in-the-automotive-industry-2016-2020-market-report.html
Shift toward 4D CAD will be a key trend for market growth. End-users of CAD software, especially automotive industry, are shifting from 3D to 4D CAD models. Globalization of the markets has increased the competition among CAD solution, and the lack of product differentiation further 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 4D 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.
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