- The key vendors in the CAD market in the aerospace and defense sector in North America 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 the aerospace and defense sector in North America 2015-2019. The aerospace and defense sector in North America has provided a lot of opportunities for large international vendors to sell their products in the region. Through intense R&D in the aerospace and defense sector and favorable government policies to drive investment, the region has seen the influx of several international vendors. The CAD market in the aerospace and defense sector in North America 2015-2019 is estimated to grow at a CAGR of 4.20% during the forecast period of 2014-2019.
Large number of international as well as regional vendors operate in the market. Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software are the major vendors in the market. The companies have formulated a series of business stratagems to achieve consolidation and realize more revenue. For instance, Autodesk has formulated three business strategies to boost its market in North America as well as globally: Grow, transform, and expand.
“The availability of 3D-based CAD solutions has emerged as a key trend in the region and we expect it to gain significant traction during the forecast period. The benefits of availing these services on the cloud outweigh the other risks,” says Faisal Ghaus, Vice President of Technavio Research.
“The deployment of 3D CAD on the cloud through software and infrastructure-as-a-service (IaaS) enables end-users to reduce upfront implementation costs and overall cost of ownership.”
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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