DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gjxl9f/cad_market_in) has announced the addition of the "CAD Market in Germany 2015-2019" report to their offering.
The CAD market in Germany to grow at a CAGR of 4.04% over the period 2014-2019.
The report, CAD Market in Germany 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.
Computer-aided design (CAD) is a software tool for modeling and designing products and components with ease and accuracy. The software package helps engineers, architects, and other design professionals to digitally prototype products prior to production, and draft industry-specific products. The automotive, aerospace and defense, industrial machinery, and electrical and electronics industries use CAD solutions. These solutions enable end-users to digitally prototype their products before production.
The market has many international as well as regional vendors. Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software are the major vendors in the market. The companies have formulated several growth strategies to achieve consolidation and realize more revenue. For instance, Autodesk has formulated three business strategies for its market in Germany as well as globally: grow, transform, and expand. Dassault Systèmes, another key global player, uses M&A with local vendors as its strategy to increase its market share in India.
According to the report, in terms of end-user, the CAD market in Germany is classified into five end-users: Automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. The automotive industry held the largest share of the overall market in 2014. We expect it to continue dominating the market during the forecast period. The increase in R&D investment in the automotive industry of Germany has contributed to market growth.
Further, the report states that availability of free CAD solutions is hindering the market growth.
- Dassault Systèmes
- Siemens PLM Software
Other Prominent Vendors
- 3D Systems
- Bentley System
- Mentor Graphics
- Robert McNeel & Associates
- Schott Systeme
- Tebis Technische Informationssysteme
For more information visit http://www.researchandmarkets.com/research/gjxl9f/cad_market_in