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TechNavio Announces the Publication of its Report - Computer-aided Design Services in India - Survey Report

Press Release   •   Nov 17, 2011 00:21 IST

London, UK, November 16, 2011 -- TechNavio today launched its Computer-aided Design Services in India - Survey Report, which is based on an in-depth study of the market with inputs from industry experts. The survey aims to aid decision makers understand the key and emerging trends in this regional market.

Commenting on the report, an analyst from TechNavio’s Engineering Software team said, “The CAD Software market in the Asia Pacific (APAC) region is expected to remain positive with the increasing interest among industries across the region in adopting CAD. Within the market in the APAC region, the CAD Software market in India is witnessing a higher growth rate. The ability of CAD software to reduce the overall operational cost of an organization is a major factor in the increasing demand for this software across industries.”

According to the survey, it is estimated that the Auto Component industry in India had a turnover of US$21 billion in 2010. The increased demand for auto components drives manufacturers to adopt CAD software for increased capability to develop quality products.

The survey was conducted among more than 100 business and technical leaders in organizations that have made substantial investment in CAD software solutions. These organizations were chosen on the basis of exceptional business performance.

TechNavio is the market research platform of Infiniti Research publishing periodic reports on multiple areas of niche and emerging technologies. For further information, please visit Follow us on Twitter @Technavio for daily industry updates.

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