Albany, NY -- (SBWIRE) -- 03/06/2017 -- About CAD

CAD refers to a software tool used to achieve accuracy in designing and modeling of products and components of an organization. CAD solutions are widely adopted by industries, such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. The solutions help end-users develop prototypes of products digitally before the production stage. They also help in the development of industry-specific products.

Technavios analysts forecast the global CAD market to grow at a CAGR of 10.16% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global CAD market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

Americas
APAC
EMEA

Technavio's report, Global CAD Market 2017-2021, 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.

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Key vendors
Autodesk
Dassault Systmes
PTC
Siemens PLM Software

Other prominent vendors
Menhirs NV
Encore Software
Stratasys
Graebert
SolveSpace
TurboCAD

Market driver
Growth of R&D in SMEs in aerospace and defense industry.
For a full, detailed list, view our report

Market challenge
Availability of CAD software from open source.
For a full, detailed list, view our report

Market trend
Shift from perpetual license model to subscription model.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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