DUBLIN — (BUSINESS WIRE) — June 23, 2010 — Research and Markets ( http://www.researchandmarkets.com/research/8e1c42/cad_market_in_indi) has announced the addition of the " CAD Market in India 2009-2013" report to their offering.
Computer-aided design (CAD) is the use of a wide range of computer-based tools that assist engineers, architects and other design professionals in their design activities. It enables easy modeling, creation, and walk through or view designs of 3D objects or floor plans from different angles on a computer or a display device.
The Indian CAD market has undergone rapid transformation in the last few years. The rapid economic growth, coupled with the high disposable income of the Indian population, is propelling the growth of the manufacturing, construction and automotive industries. Besides, the availability of low cost and high quality labor is driving the engineering and automotive export market, thus, driving the growth of the Indian CAD market. Additionally, the demand for CAD in educational and engineering institutions and booming Small and Medium Businesses (SMB) segment is aiding to this growth. Further, the governments favorable policies for infrastructure development is driving the growth of CAD market in the architectural segment.
Many corporates are integrating CAD system with their Enterprise Resource Planning (ERP) system. Such integration allows editing of document-based structures using a CAD interface; both in the CAD system and from the ERP based systems. This helps in managing the CAD files directly in the ERP based system and leverages the design information (such as 3D-geometry, drawings, bill of materials, etc) for processes like costing, sourcing, manufacturing, etc. Further, such integrations can be scaled throughout the organization, and help in maintaining standardization throughout the enterprise.
The demand for engineering solutions in the Indian SMB segment is increasing rapidly. This is because globalization is forcing the SMB players to meet the stringent standards and face stiffer regional and global competition from large established players. Further, many SMB players are a part of the supply chain of large global players, which is compelling them to adopt CAD for their designing requirements. This demand in the SMB segment is leading CAD vendors to provide a portfolio of design solutions, specifically designed for the needs of SMBs. The booming SMB segment, coupled with its need to maintain competitive advantage is driving the growth of CAD market in this segment. This is evident from the fact that 80 percent of the Indian customers of PTC belong to the SMB segment.
This report by TechNavio Insights highlights the scope of the CAD market in India. Further, it discusses key market trends, drivers, growth inhibitors, and a few major vendors of the market.
Key Topics Covered:
- Introduction
- Market Size and Forecast
- Market Trends for Indian CAD Market
- Market Drivers for Indian CAD Market
- Market Challenges for Indian CAD Market
- Vendors
- Related Reports in this Series
- List of Exhibits
- Exhibit 2.1: Indian CAD Market Size and Forecast 2009-2013 (In $billion)
For more information visit http://www.researchandmarkets.com/research/8e1c42/cad_market_in_indi
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