The global CAD market in aerospace and defense industry to grow at a CAGR of 6.13% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global CAD market in aerospace and defense industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the report considers the revenue generated from the sales of cad software licenses and services. The report also includes a discussion of the key vendors operating in this market.
End-users, especially the aerospace and defense industry, are gradually shifting from 3-D to 4-D CAD models. Globalization has increased the competition among CAD solution vendors, and the lack of product differentiation is further intensifying the competition for maximum market share. Vendors are incorporating additional features and functionalities in their solutions to improve customer experience.
According to the report, the growing need for providing quality products at a faster rate has led to an increase in demand for CAD software. CAD software helps improve the time-to-market by reducing the product development cycle and testing time. The software also improves the speed of the product design cycle and produces reliable and cost-effective products by reducing the analysis time. It eliminates the need to develop multiple prototypes.
Further, the report states that many SMEs are struggling to adopt CAD software, as it requires high initial investment. SMEs prefer cost-effective CAD software from open-source communities or local vendors, rather than investing large amounts of money in commercial CAD. Though large enterprises adopt CAD to reduce their operational costs and improve product quality, many SMEs are reluctant to adopt CAD software because of the high costs involved.
- Dassault Systèmes
- Siemens PLM Software
Other prominent vendors
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: Role of PLM in product development
Part 07: Market landscape
Part 08: Geographical 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: Vendor landscape
Part 16: Key vendor profiles
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/f62qnb/global_cad_market
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SOURCE Research and Markets