CAD Market in South Korea to grow at a CAGR of 6.20% during Forecast period 2015-2019

Albany, NY, Nov 23: 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 CAD market in South Korea to grow at a CAGR of 6.20% during 2014-2019. The CAD market in South Korea is divided into the following segments:
• Aerospace and defense industry
• Automotive industry
• Electrical and electronics industry
• Others (CPG, industrial machinery, utility, and petrochemical industries)

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Technavio's report, CAD Market in South Korea 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.

Key Vendors
• Autodesk
• Dassault Systèmes
• PTC
• Siemens PLM Software

Other Vendors
• Aveva
• Bentley System
• Intergraph
• IronCAD
• Mentor Graphics

Key Market Driver
• Increase in Product Recalls in Automotive Industry
• For a full, detailed list, view our report

Key Market Challenge
• High Cost of Implementation
• For a full, detailed list, view our report

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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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This release was published on openPR.