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Global Mechanical Computer Aided Design (MCAD) Software Market 2008-2012
Infiniti Research Limited, Jan 2010, Pages: 18
Mechanical Computer Aided Design (MCAD) refers to a wide range of computer-based tools/software that assists engineers and mechanical design professionals in their design activities. It enables easy modelling, creation, and viewing of the 3D objects, mechanical assemblies and product designs from different angles on a computer or a display device.
MCAD enables its users to experience their ideas digitally; and visualize and simulate real-world performance, early in the design process through digital prototyping. This capability offers the designers and engineers the flexibility to optimize and improve their designs, before they actually begin the manufacturing process. Thus, they help in saving time & money, improve quality, and foster innovation for a competitive advantage.
Over the previous decades, the demand for MCAD software has witnessed a consistent year-on-year growth. Despite the recession, investments in MCAD software continued during the early 2008, which slightly dipped during the late 2008 and early 2009. However, a rapid recovery in the CAD software market is expected during the first half of 2010. This is because, on a global level, the companies are likely to recover from the recession and invest in IT solutions that will provide them sustainable business advantage and profitability.
This report by TechNavio Insights forecasts the size of the Global Mechanical Computer Aided Design (MCAD) software market for the years 2008-2012. Further, the report discusses about the segmentation of the market into various geographic regions. It also identifies the major market trends, drivers, and challenges existing in Global Mechanical Computer Aided Design software market, and profiles the key vendors in this industry.
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