DUBLIN, Oct. 23, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/3d2vd2/cad_market_in_the) has announced the addition of the "CAD Market in the Aerospace and Defense Industry in APAC 2015-2019" report to their offering.
The report forecasts the CAD market in the aerospace and defense industry in APAC to grow at a CAGR of 7.29% during 2014-2019.
The report, CAD Market in the Aerospace and Defense Industry in APAC 2015-2019, 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 in the coming years. The report also includes a discussion of the key vendors operating in this market.
The CAD market in the aerospace and defense sector in APAC exhibits excellent growth potential and we expect some major trends to play a pivotal role in shaping the growth of the market. Even though CAD is considered as a mature market, there is immense scope for innovation in the field.
According to the report, the demand for integrated mechanical computer-aided design (MCAD) and electronic computer-aided design (ECAD) software, and CAD with other PLM software was high among several end-users in 2014. The cloud-based CAD solutions are also gaining prominence, and the use of 3D printers for CAD designs is expected to surge in the future.
Further, the report states that the training and product costs of these solutions are very high, which often deter several companies from investing in CAD, leading them to opt for counterfeit or open-source cPDM software and obtaining a cost advantage.
Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/3d2vd2/cad_market_in_the
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets