MarketResearchNest.com adds “Global Mechanical Computer-aided Design (MCAD) Market 2018-2022” new report to its research database. The report spread across 103 pages with table and figures in it.
About Mechanical Computer-aided Design (MCAD)
MCAD is a CAD software used for mechanical designs. The software provides vector-based graphics for drafting or raster graphics for showing the overall appearance of designed objects.
Research analysts forecast the global mechanical computer-aided design (MCAD) market to grow at a CAGR of 7.35% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global mechanical computer-aided design (MCAD) market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio's report, Global Mechanical Computer-aided Design (MCAD) Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market..
Technavio recognizes the following companies as the key players in the global mechanical computer-aided design (MCAD) market: Autodesk, Dassault Systèmes, PTC, and Siemens.
Commenting on the report, an analyst from Research team said: “One trend in the market is integration of ECAD and MCAD. The need for better integration of ECAD and MCAD arises from the growing complexity of product development due to the increasing demand for customized products from the end-users. In addition, an increase in the demand for electronics in sectors such as automobiles, which was dominated by mechanical parts only, is also promoting the need for the ECAD and MCAD integration.
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According to the report, one driver in the market is high adoption of cloud-based PLM solutions in APAC. The availability of cloud-based PLM services, including MCAD, has increased in APAC. Industries are focused on reducing PLM adoption costs, which gives rise to the popularity of cloud-based PLM software.
Further, the report states that one challenge in the market is excessive cost of training. CAD software solutions have advanced functionalities and compatibility features. Since these are complex solutions, proper training in the technology is imperative for their optimal utilization in any organization. Professionals also need adequate training to use any upgrades to the existing system optimally.
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.
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