CAD is a software tool package used for modeling and designing products and components with ease and accuracy. The CAD software package helps engineers, architects, and other design professionals in creating a digital prototype of products. These prototypes are created prior to production. A VAR is a company that resells a software from a software provider by adding features and/or services. The services may include consulting, training, support, and implementation.
Scope of the Report:
This report studies the CAD in Automotive market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the CAD in Automotive market by product type and applications/end industries.
This industry research report identifies the increasing number of product recalls by several automobile companies to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The recent years have witnessed a number of major automobile manufacturers recalling their products due to various reasons including defective air bags, faulty light systems, issues with ignition switch parts, and faulty camshaft. From having to incur severe losses based on the number of products recalled to having a bad reputation in case of a major issue, product recalls due to non-compliance of product standards and safety concerns have several negative effects. Since the effective use ofÂ product life cycle managementÂ (PLM) software such asÂ computer-aided designingÂ (CAD),Â computer-aided engineeringÂ (CAE), andÂ computer-aided manufacturingÂ (CAM) can ensure the reduction in number of product recalls by refining the product, there will be an increase in the adoption ofÂ PLM softwareÂ by automotive industries, which in turn, fuels the growth of the CAD market in the automotive industry.
EMEA accounted for the major shares of the market during 2015 and this was mainly due to the growth ofÂ automotiveÂ companies in countries such as Germany, Spain, and France. The constant growth of the automotive industry and the rise in number of application specific R&D activities, will bolster the marketâs growth prospects in this region.
The global CAD in Automotive market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of CAD in Automotive.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
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Market Segment by Manufacturers, this report covers
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.