DUBLIN, Dec 21, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Computer-aided Design Market in Electrical and Electronics Industry 2016-2020" report to their offering.
The report forecast the global computer-aided design market in electrical and electronics industry to grow at a CAGR of 8.20% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global computer-aided design market in electrical and electronics industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of CAD software licenses and services.
The latest trend gaining momentum in the market is integration of ECAD and MCAD. The need for better integration of ECAD and MCAD arises from the growing complexity of product development. This is due to increasing demand for customized products from the end-users. In addition, an increase in demand for electronics in sectors such as the automobile, which were dominated by mechanical parts, is also promoting the need for the ECAD and MCAD integration.
According to the report, one of the major drivers for this market is growth in global medical electronics market. The global medical electronics market is expected to grow at a CAGR of nearly 6% during the forecast period. CAD is widely used for designing PCB and ICs for medical electronics devices. Medical electronics include all electronic devices that are used for treating and diagnosing diseases. Due to increasing urbanization, there was a growing need for enhanced healthcare facilities in 2015. This has been a major driving force for medical electronics.
Further, the report states that one of the major factors hindering the growth of this market is high cost of CAD software. 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. Hence, SMEs prefer cost-effective CAD software from open-source communities or local vendors, rather than investing large amounts of money in commercial CAD.
- Cadence Design Systems
- Mentor Graphics
- Siemens PLM Software
- Dassault Systèmes
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: Market landscape
Part 07: Product segmentation
Part 08: Geographic segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/4zf8ch/global
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SOURCE Research and Markets