DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h5h6jn/cad_market_in_the) has announced the addition of the "CAD Market in the Automotive Sector in EMEA 2015-2019" report to their offering.
The CAD market in the automotive sector in EMEA to grow at a CAGR of 4.29% over the period 2014-2019.
CAD Market in the Automotive Sector in EMEA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers EMEA; 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.
Expanding product portfolios and the complexities involved in product development have boosted the demand for a system that can act as one-stop solution for production processes across industries. The implementation of PLM in an organization results in higher revenue, reduced cost, and capital efficiency.
According to the report, increased R&D investments by automobile manufacturers contributed to the growth of the CAD market in the automotive sector in EMEA. For instance, in 2014, German automobile manufacturers invested $23 billion in R&D. The R&D investments include the purchase of design software such as CAD.
Further, the report states that the availability of open-source and free software is likely to hinder the growth of the CAD market, as small and medium-sized enterprises (SMEs) prefer open-source software, considering the high cost of commercial software.
- Dassault Systèmes
- Siemens PLM Software
Other prominent vendors
- 3D Systems
- Mentor Graphics
- Robert McNeel & Associates
- Schott Systeme
Tebis Technische Informationssysteme
For more information visit http://www.researchandmarkets.com/research/h5h6jn/cad_market_in_the