LONDON--(BUSINESS WIRE)--Technavio has published a new report on the CAD market in the automotive sector in North America, which is expected to grow at a CAGR of almost 5% from 2015-2019.
CAD market in the automotive sector segmentation by geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different countries, including the US, Canada, and Mexico.
The latest Technavio report also emphasizes the vendors, especially manufacturing companies, which are adopting CAD for reducing the product development time cycle in order to compete in a highly competitive market. CAD helps to reduce the time-to-market by shortening the product development cycle.
“The increasing demand for reducing the product development cycle is one of the major factors leading to the growth of the CAD market in North America in the forecast period,” says Faisal Ghaus, Vice President of Technavio.
CAD market in the automotive sector: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the CAD market in the automotive sector in North America from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of CAD software licenses and services.
Industry analysis includes:
- Autodesk Inc.
- Dassault Systèmes
- Siemens PLM Software
Market Growth Drivers:
- Need to Reduce Time-to-market
- Pressure to Provide Product Differentiation
- High Cost of Implementation
- High Product and Training Costs
- Shift toward 4D Models
- Move towards Subscription
View the CAD market in the automotive sector in North America report.
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