- The key vendors in the CAD market in Japan 2015-2019 are Autodesk Inc., Dassault Systèmes SA, PTC and Siemens PLM Software
London, 16 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the CAD market in Japan 2015-2019. The presence of several big international CAD solution providers, like such as Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software, has contributed to the growth of the CAD market in Japan. Several new and innovative software have emerged in the market over the years. For instance, Autodesk launched AutoCAD 2015 and PTC launched Creo 3.0 in 2015. There is also a significant rise in the number of M&A transactions. The CAD market in Japan is estimated to grow at a CAGR of 5.7% during the period of 2015-2019, in terms of revenue.
Increased R&D investment, especially by the automobile manufacturers in the country, contributes to growing demand for CAD software across industries. Some major R&D investors in the automotive industry in Japan include Toyota, Honda, Mazda, Mitsubishi, and Nissan. The companies are increasingly using CAD solutions for their product development. Also, there are several foreign automobile manufacturers as well, such as General Motors, Volkswagen, Mitsubishi, and Suzuki, thriving in the market.
“Increased R&D investments by the government to develop fuel-efficient combustion engines for powertrains is expected to contribute to the market growth,” says Faisal Ghaus, Vice President of Technavio Research.
“Automobile manufacturers such as Toyota Motor, Honda Motor, Mitsubishi Motors, Suzuki Motors, Nissan Motors, Mazda Motors, Daihatsu Motor and Fuji Heavy Industries have formed an association named Research Association of Automotive Internal Combustion Engines, and are working collectively to develop new fuel efficient combustion engines for powertrains.”
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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