This industry research report outlines the market forecast for the application of CAD for VARs until 2019. The research report details the segmentation by 2D CAD and 3D CAD. The research report also presents market shares for APAC, Emericas, and the EMEA regions. The leading vendors analyzed by this report include Autodesk, Dassault, Seimens, and PTC.
Technavio’s market research analysts estimate the global CAD market for VARs to grow at a CAGR of around 9% between 2015 and 2019. High R&D investment across EMEA, APAC, and Americas by both, government, and private industries boost the growth of the global CAD market for VARs. The existing adoption rate of CAD in Americas in industries is more than 85%. However, Europe emerged as the largest contributor for the 3D CAD market in EMEA for VARs in 2014. Increased R&D and capital investment by companies across industries in Europe contributed to the growth of the market.
The new market research report from Technavio provides a breakdown and analysis of the CAD segments by technology.
“Owing to the need to minimise CAD maintenance expenses, the vendors are shifting towards the subscription maintenance model. The maintenance subscription model is priced at one-fifth of software upgrade cost. Also, high R&D investment by companies across industries are used for buying new technology, solution, services, hardware, and software (includes CAD) to develop new products, contributing to the growth of global CAD market for VARs as CAD are increasingly purchased from VARs of Autodesk, Siemens PLM Software, PTC, and Dassault Systèmes,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research
The rising demand for 3D CAD across industries such as automotive, aerospace and defense, and industrial machinery industry has boosted the growth of global 3D CAD market for VARs. For instance, Honda Motors, one of the largest Japanese automobile manufacturers took to 3D CAD solution, CATIA, for designing vehicle specification, which resulted in effective reduction in time and overall cost of production.
The leading vendors in the global CAD market for VARs include Autodesk, Dassault, Seimens, and PTC. These major players generate their revenues either through direct sales or VARs. VARs and original CAD providers faced intense competition from new entrants in this market. Rising competition is thus leading to market consolidation where smaller entities are being acquired by or merged with large players.
A more detailed analysis is available in the Technavio report, Global CAD Market for VARs 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- CAD Market in Australia 2015-2019
- CAD Market in France 2015-2019
- CAD Market in China 2014-2018
- CAD Market in Canada 2015-2019
Further Reading:
