- The key vendors in the CAD market in Australia 2015-2019 are Autodesk Inc., Dassault Systèmes SA, PTC and Siemens PLM Software.
London, 10 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the CAD market in Australia 2015-2019. Use of 3D printing among design engineers is one of the key trends upcoming in this market. With increased investment in the 3D printing technology, the 3D CAD market is expected to gain popularity among end-users during the forecast period. The CAD market in Australia 2015-2019 is expected to grow at a CAGR of around 3.31% between 2014 and 2019.
The mining and metal industry is a major end-user segment of the CAD software market in Australia, accounting for around 32% of the total market share. The use of many off-road and industrial vehicles by several process industries, particularly the minerals, mining, and metals industries increases the demand for mining equipment and vehicles such as cranes, earth movers, and other mining equipment.
“With advances in technology, several designers are now using tablets and smartphones to manage their CAD files. Also, vendors have initiated the process of developing DWG formats that can be made accessible across different operating systems (OS),” says Faisal Ghaus, Vice President of Technavio Research.
“DWG is a format used for storing 2D and 3D design data. As many designers have started to use their smartphones for designing purposes, the need for cross-device CAD is likely to increase worldwide during the forecast period.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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