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(IT-NEWSWIRE.COM, May 02, 2018 ) The demand for MCAD software is high in the aerospace and defense industry due to the increase in technical capabilities of aircrafts. Publisher’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.
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Companies covered
The mechanical computer-aided design (MCAD) market appears to be highly concentrated. The industry research report provides a comprehensive analysis of the market’s competitive landscape and the growth prospects for vendors in the mechanical computer-aided design market. Additionally, the report provides information about the strategies adopted by companies to enhance their revenue shares in this competitive market.
This research report covers an analysis of various companies including –
Autodesk
Dassault Systèmes
PTC
Siemens
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Source: EmailWire.Com 
Source: EmailWire.com
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