Analysts Forecast the CAD Market in the Electrical and Electronics Sector in North America to Grow at a CAGR of 4.14% over the Period 2014-2019

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Albany, NY -- (SBWire) -- 10/13/2015 --About CAD.

CAD is an effective and efficient tool for modeling and designing products and components with ease and accuracy. These solutions enable end-users to digitally prototype their products before production. They help engineers, architects, and other design professionals draft industry-specific products to enhance the development of products. CAD solutions are widely adopted by several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others. These solutions enable end-users to digitally prototype their products before production.

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Technavio's analysts forecast the CAD market in the electrical and electronics sector in North America to grow at a CAGR of 4.14% over the period 2014-2019.

Covered in this report
The CAD market in the electrical and electronics sector in North America can be segmented into two: 3D CAD and 2D CAD.

Technavio's report, CAD Market in the Electrical and Electronics Sector in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America; 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.

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Key countries
Canada
Mexico
US

Key vendors
Autodesk
Dassault Systmes
PTC
Siemens PLM Software

Other prominent vendors
3D Systems
Graebert
IMSI/Design
IronCAD
Mentor Graphics
Onshape
Robert McNeel & Associates

Market driver
Reduction in product design and development time, manufacturing process, and cost
For a full, detailed list, view our report

Market challenge
Decline in sales of electrical and electronic equipment and components
For a full, detailed list, view our report

Market trend
Development of cloud-based CAD
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 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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View this press release online at: http://rwire.com/632763