TechNavio today launched its report, Global Low-end Mechanical Computer-aided Design Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. 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: ”One of the major trends in the market is the integration of low-end mechanical computer-aided design (MCAD) with other product lifecycle management (PLM) applications. Through this, vendors are reducing the gap between low-end MCAD and other PLM applications, and many of them have already begun to integrate low-end MCAD software with PLM software solutions such as CAD, computer-aided manufacturing (CAM), and collaborative product definition management (cPDM). Several large PLM vendors are developing such integrated low-end MCAD software to provide end-to-end solutions to their end-users. Thus, large PLM vendors are gaining a competitive edge over small MCAD vendors by providing customized end-to-end solutions.”
According to the report, many manufacturing companies across the globe demand a 3D design of their products before going ahead with the production process. This has led to an increase in the demand for low-end MCAD software. Low-end MCAD software generates accurate and reliable 3D models of products. In addition, manufacturing companies in several developing countries prefer low-end MCAD software to other MCAD software because of the former’s cost-efficiency. In addition, it helps vendors to achieve product differentiation in the market. Therefore, the increasing adoption of 3D design designs has led to an increase in the demand for low-end MCAD software.
Further, the report reveals that one of the major challenges is the persistent decline in the vendors’ profit margins.
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 vendors. For further information on this report, please visit https://www.technavio.com/content/global-low-end-mechanical-computer-aide…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Low-end Mechanical Computer-aided Design Market 2011-2015
