London, 16 October 2015 – Technavio has published a new report on the CAD market in electrical and electronics sector in North America, which is expected to grow at a CAGR of above 4% from 2015-2019.
CAD market in electrical and electronics sector market segmentation by product
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different products, including 3D CAD and 2D CAD.
The new report by Technavio also identifies the growing availability of cross-device CAD, a new concept in the CAD industry. The growing need for working on the go has fuelled significant demand for mobile-accessible CAD software.
“Vendors have initiated the process of developing CAD software that can be used across devices such as PCs, tablets, and smartphones without paying for any additional licenses,” says Faisal Ghaus, Vice President of Technavio.
CAD market in electrical and electronics sector: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the CAD market in electrical and electronics sector in North America from 2015-2019. The revenue generated from the sales of CAD software licenses and services is considered to calculate the market size.
Industry analysis includes:
Key Vendors:
- Autodesk
- Dassault Systèmes
- PTC
- Siemens PLM Software
Market Growth Drivers:
- Reduction in design cost and time, and faster time-to-market
- Increased M&A between value- added resellers (VARs)
Market Challenges:
- High training costs
- Mature CAD market in North America
Market Trends:
- Increase in development of cloud-based CAD
- Availability of cross-device CAD
View the CAD market in electrical and electronics sector in North America report.
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