DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/tdkp77/cad_market_in) has announced the addition of the "CAD Market in Electrical and Electronics Sector in North America 2015-2019" report to their offering.
The CAD market in the electrical and electronics sector in North America to grow at a CAGR of 4.14% over the period 2014-2019.
The report, CAD Market in the Electrical and Electronics Sector in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Trends such as an increase in vendor focus on the development of cloud-based CAD will boost the growth of the CAD market in the electrical and electronics sector in the US, and in North America in general.
According to the report, Expenditures for R&D are linked to national development projects concerning industrial and economic growth. The increase in the number of patent applications (more than 850,000 in 2014) in China demonstrates the initiatives the country is taking toward innovation.
Further, the report states that the decline in sales indicates a decline in demand for the product. This has led to less adoption of CAD to design new products, which has affected the potential demand for CAD from the sector when compared to the actual demand.
- Dassault Systèmes
- Siemens PLM Software
Other prominent vendors
- 3D Systems
- Mentor Graphics
- Robert McNeel & Associates
For more information visit http://www.researchandmarkets.com/research/tdkp77/cad_market_in