This market research report includes a detailed segmentation of the global PLM market in the automotive industry by product type (cPDM, CAD, EDA, NC, FEA, CFD, and DM). It also outlines the market shares for key regions like the Americas, APAC, and EMEA. The top vendors analyzed in this market study are Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software.
Technavio’s market research analysts estimate the global PLM in the automotive sector, to grow at a CAGR of around 9% between 2016 and 2020. Increasing product recalls in the automotive industry is the primary growth driver for this market. Product recall is the process of calling back a product, which is not in conformity with the standards that are mostly related to safety. APAC is the fastest-growing region in the PLM in the automotive sector. The rapid growth of the automotive industry in China is a critical factor that is estimated to bolster market growth in this region.
The new market research report from Technavio provides a breakdown and analysis of the PLM segments by technology.
“The growing need for safety features in automobiles is expected to drive the global market for PLM in the automotive industry during the forecast period. The recent increase in the number of deaths by road accidents has forced governments across the globe to introduce stringent safety policies. Such policies force manufacturers to incorporate better safety features in their automobiles, which in turn will reduce the number of deaths caused by accidents,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research
Collaborative product definition management (cPDM) software solutions segment leads over all the other segments of the PLM market.This sector currently accounts for more than 39% of the overall market share and is envisaged to further enhance its market share by the end of 2020 owing to its ability to streamline the manufacturing and production processes.
The key vendors in the global PLM in the automotive sector include Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software. This market is highly fragmented because of the presence of numerous small, large, and regional vendors. These companies follow several strategies, such as the acquisition of smaller companies, to expand their business during the forecast period.
A more detailed analysis is available in the Technavio report, Global PLM in the Automotive Sector 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global cPDM Market in the Automotive Sector: Research Analysis 2015-2019
- Global DM Market in the Automotive Industry: Research Report 2015-2019
- CAD Market in the Automotive Sector in EMEA 2015-2019
- FEA in the Automotive Sector: Global Market Analysis 2015-2019
- Global CFD Market in the Automotive Industry 2015-2019
