The CAD market in APAC to post a revenue of 3.67 billion by 2020.
CAD is a software tool that is used to achieve accuracy in designing and modeling of products and components of an organization. CAD solutions are widely adopted by several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. These solutions allow end-users to develop prototypes of their products digitally before the commencement of the production. They also help engineers, architects, and design professionals draft industry-specific products that enhance the overall product development.
CAD Market in APAC 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, developments in CAD modeling will be a key driver for market growth. Modeling is basically a set of rules that helps during computer modeling of 3-D solids.
There are mainly two types of modeling in CAD:
- Parametric modeling
- Direct modeling
Parametric modeling uses parameters to define a particular model. The parameters may include dimensions, density of the material, and data relating to the material surface. The dimension control capabilities and feature definition properties make parametric modeling the number one choice for many designers.
Further, the report states that the implementation of cloud solutions, however, may prove challenging to companies in the future, especially during migration from old systems to new ones. In addition, many vendors are skeptical about the security of the data stored on the cloud. Latency (the total delay between input and output of a system) is a major challenge for cloud implementation. The lack of fast and uninterrupted internet may result in a shift toward cloud computing.
The market is divided into the following segments based on end users:
Aerospace and defense industry
- Automotive industry
- Electrical and electronics industry
- Autodesk, Inc.
- Dassault Systèmes SE
- PTC, Inc.
- Siemens PLM Software
Other prominent vendors
- WD Encore Software
For more information about this report visit http://www.researchandmarkets.com/research/3rcblf/cad_market_in