DUBLIN, October 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global CAD Market in the Automotive Industry 2016-2020" report to their offering.
The report forecasts the global CAD market in the automotive industry to grow at a CAGR of 5.26% during the period 2016-2020.
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.
According to the report, role of CAD in mass customization will be a key driver for market growth. High demand for product customization increased the demand for CAD solutions across industries. Companies that relied on mass production due to its cost effectiveness are now resorting to mass customization. Product customization also leads to the creation of a single bill for materials that can be used once or multiple times depending on the end-user's requirements. CAD software plays a major role in determining the bill of materials at the design stage.
Further, the report states that high cost of switching will be a challenge for the market.
- Dassault Systèmes
- Siemens PLM Software
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: PLM overview
PART 06: CAD and R&D
PART 07: Market landscape
PART 08: Geographic segmentation
PART 09: Buying criteria
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Five forces analysis
PART 16: Vendor landscape
PART 17: Key vendor profiles
PART 18: Appendix
For more information on this topic, check out the Computing and Technology section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/ffjq6k/global_cad_market
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SOURCE Research and Markets