Global CAD Market in the Automotive Industry to grow at a CAGR of 5.26% during Forecast 2016-2020

Albany, NY, Dec 22: CAD is a software tool that is used to achieve accuracy in designing and modeling of products and components of an organization. several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others widely use CAD solutions. These solutions allow the end-users to develop prototypes of their products digitally before the commencement of the production. They also help engineers, architects, and design professionals draft industry-specific products that enhance the overall product development.

The global CAD market in the automotive industry to grow at a CAGR of 5.26% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global CAD market in the automotive industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of CAD software licenses, and services.

The market is divided into the following segments based on geography:
- APAC
- EMEA
- North America
- South America

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Technavio's report, Global CAD Market in the Automotive Industry 2016-2020, 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.

Key vendors
- Autodesk
- Dassault Systmes
- PTC
- Siemens PLM Software

Other prominent vendors
- BricsCAD
- Encore
- Graebert
- RealCAD
- Solvespace
- TurboCAD

Market driver
- Increased product recalls in automotive industry
- For a full, detailed list, view our report

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 2020 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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