Mechanical CAD Market to Achieve 10.3 Percent Growth

By DE Editors

TechNavio's analysts forecast the global mechanical CAD market to grow at a CAGR of 10.3 percent over the period 2011 to 2015. One of the key factors contributing to this market growth, according to the research firm, is increasing demand from discrete manufacturing industries. Vendors are also developing platforms for interoperability, but a lack of standardization could pose a challenge to the growth of this market.

TechNavio's report, "The Global Mechanical Computer-aided Design Market, 2011-2015," covers the Americas, and the EMEA and APAC regions.

Integration of MCAD and electronic CAD (ECAD) are among the emerging trends in the market. According to the report, many end-users prefer integrated MCAD and ECAD software, which resolves various conflicts in the market. The integrated software reduces product development time and also reduces operating expenses.

The report also discusses the increasing demand for open-source software, and how it affects the growth of the commercial vendors in the MCAD market.

For more information, visit TechNavio.

Sources: Press materials received from the company and additional information gleaned from the company's website.