London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the CAD market in China 2015-2019, which is projected to grow at a CAGR of 10.20% during 2014-2019.
“The use of rapid prototyping and tooling is on the rise in several industries, like automotive, aerospace, machine tools, healthcare, and consumer durables, especially with the increasing competition among companies to develop more competitive and efficient products,” says Faisal Ghaus, Vice President of Technavio.
“This is enabling easy and fast development of product prototypes through additive manufacturing. It also facilitates the development of molds at a fast pace, and also enables direct fabrication of tools for prototypes.”
Key Market Drivers
- Increased Adoption of Rapid Prototyping and Tooling
- Need for Modular Infrastructure Development
- Reduced Product Development Time
Key Market Vendors
- Autodesk Inc.
- Dassault Systèmes SA
- PTC
- Siemens PLM Software
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
