cPDM Market: Key research findings
- Evolution of the automotive manufacturing industry in China to spur market growth during the forecast period
- Increasing capability of cPDM to support multiple CAD files is a major trend that is expected to foster market growth during the forecast period
Technavio has added a new industry research report on the global cPDM market in the automotive sector, to its automotive manufacturing portfolio. This market to exhibit steady growth during the forecast period and is heavily influenced by factors like the increasing investment in R&D and the growing need for safety features in automobiles. These factors incite growth in this market during the forecast period and results in its impressive CAGR of more than 10% by 2019.
The new market research report from Technavio discusses in detail the key drivers and trends responsible for growth, as well as the segments with the maximum growth potential.
“Recently, it has been observed that China is becoming a major player in the global collaborative product definition management (cPDM) market as it is making a shift from product manufacturing to product innovation. In China, the manufacturers are increasingly focusing on factors like the development of intellectual property and understanding the technological know-how of the consumer industry in the premium segment range. The growing focus on such factors is predicted to increase their reliability toward the commercial product lifecycle management (PLM) solutions, which in turn is expected to drive the prospects for growth in this market,” says Navin Rajendra, Lead Analyst, Automotive, Technavio research.
Since companies in the engineering industry develop automotive parts and components by using different platforms, the incorporation of features like the ability to support multiple CAD files helps to enhance the overall designing process. In recent times, it has been observed that many cPDM vendors have developed tools to support different types of CAD files like .dwg, .dft, .3dxml, and .psm, which helps in the integration of different design files for the generation of a single product structure. The development of such tools also aids in the integration of 2D and 3D documents, which in turn helps in the visualization of the final assembled product.
A segment to look out for is the services segment, which analysts predict is going to grow due to factors like the real-time monitoring of product development phases. The leading companies in this market are Dassault Systèmes, PTC, and Siemens PLM Software.
A more detailed analysis is available in the Technavio report Global cPDM Market in the Automotive Sector: Research Analysis 2015-2019.
We can customize reports by other regions and specific segments upon request.
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