Global CAD Market in Industrial Machinery Industry 2016-2020:

Global CAD Market in Industrial Machinery Industry 2016-2020: Key Vendors Are Autodesk, Dassault Systèmes, PTC & Siemens PLM Software - Research and Markets

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DUBLIN — (BUSINESS WIRE) — December 22, 2016 — Research and Markets has announced the addition of the "Global CAD Market in Industrial Machinery Industry 2016-2020" report to their offering.

The global CAD market in the industrial machinery industry to grow at a CAGR of 7.61% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global CAD market in the industrial machinery industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of CAD software licenses and services. The report also includes a discussion of the key vendors operating in this market.

Developments in CAD modeling are gaining traction in the global CAD market in the industrial machinery industry. Modeling is basically a set of rules that help during computer modeling of 3D solids. There are mainly two types of modeling in CAD which includes parametric modeling and direct modeling. Parametric modeling uses parameters to define a particular model. Direct modeling allows the designer to get direct access to the geometry of the product, allowing complete manipulation and editing, with least concerns about features and dimensions.

According to the report, the role of CAD in packaging machinery will drive growth in the market. Packaging machinery are special types of machinery that help with packaging products before their dispatch for storage and distribution networks. A major driver in the global packaging machinery market is the increase in demand for smart packaging. This demand is mainly witnessed in the food industry, where hygiene is of great importance. Smart packaging reduces the loss and wastage of food. The vendors are, therefore providing CAD software (SOLIDWORKS) that enables engineers to design machinery, conveying, and filling process.

Further, the report states that Piracy issues of PLM software such as CAD are a major challenge for vendors, leading to a decrease in their revenue. The sharing of a purchasing license of a single end-user with other end-users is also considered as software piracy.

Key vendors