Rise in Adoption of CAD in Aircraft Designing Process Spurring Growth in the CAD Market in Aerospace and Defense Sector in APAC: Technavio Report

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  • The key vendors in the CAD market in aerospace and defense sector in APAC 2015-2019 are Autodesk, Dassault Systèmes, 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 aerospace and defense sector in APAC 2015-2019.   The number of R&D units in the aerospace and defense industry has increased considerably. These R&D units are the major end-users of CAD software in this sector. The CAD market in the aerospace and defense sector in APAC 2015-2019 is estimated to grow at a CAGR of 7.29% between 2015 and 2019.

Military spending has increased worldwide, in a bid to combat the increasing threat of global terrorism with modern and intelligent equipment. The US, China, Russia, the UK, Japan, France, Italy, Germany, and India spend heavily on their defense. Military spending has also increased in Singapore, Malaysia, Thailand, Vietnam, and Indonesia in the past few years.

“CAD software solutions involve advanced features, more functionalities, and compatibility features. Since these are complex solutions, proper training in the technology is imperative for their optimal utilization in any organization,” says Faisal Ghaus, Vice President of Technavio Research.

“CAD helps manufacturers optimize component designs, and reduces the time and costs involved with physical tests. Moreover, advancements in computer technology and numerical algorithms have helped CAD improve the world of aircraft design, including aerodynamic and propulsion design.”

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.