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The demand for MCAD software is high in the aerospace and defense industry due to the increase in technical capabilities of aircrafts. Technavio’s market research analysts have identified the growing demand for MCAD in aerospace and defense to be one of the primary growth drivers for the global mechanical computer-aided design (MCAD) market till 2022. The growing focus of aircraft manufacturers in the development of highly fuel-efficient engines is resulting in an increased adoption of mechanical computer-aided design. This in turn, helps in the reduction of operating cost and lowers the consumption of fuel. MCAD is also used to reduce the weight of an aircraft without compromising on the flight stability and other features. Our market research analysts have predicted that the global MCAD market will grow at a CAGR of more than 7% by 2022.
The rising demand for customized products from end-users and growing complexity of product development are driving the need for better integration of ECAD and mechanical computer aided design software. In addition, the growing demand for electronics including mechanical parts in sectors such as automobiles will continue to propel the need for ECAD and MCAD integration. The integration of ECAD and MCAD is identified as one of the key trends that will gain traction in the mechanical computer-aided design (MCAD) market during the estimated period.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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