TechNavio today launched its report Computer-aided Design Market in Australia 2011-2015 based on an in-depth study focusing exclusively on Australia. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”In order to improve product quality, several industries such as the Die Mold and Part Manufacturing (DM/PM), Automotive, Machine Tools, Construction, and Plant Designing industries have started to adopt 3D Computer-aided Design (CAD) software. This is because 3D CAD software offers a better interface and it has powerful design capabilities which help in smarter and faster product development. It helps drafters visualize the product from all angles. Hence, in order to improve the overall quality of the products and to better incorporate them with the desired functionalities at minimal cost, many industries are increasingly adopting 3D CAD software.
According to the report, the need to develop superior products with quality designs is one of the key drivers of the growth of the CAD market in Australia. CAD software is being used in many industries such as Automotive, Aerospace and Manufacturing. The software offers numerous features and functionalities to help the drafter do a proper engineering analysis of a proposed product. In addition, CAD software offers greater accuracy, which helps develop better designs by reducing the margin for error significantly. Better designs help manufacturers speed up the manufacturing process and reduce wastage.
Further, the easy availability of pirated software is a major challenge for the CAD market in Australia.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/HNBBk
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Engineering, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Report – Computer-aided Design Market in Australia 2011-2015
