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cPDM and CAD Markets Leading the Way for Global PLM in Automotive Sector, Says Technavio
[January 19, 2016]

cPDM and CAD Markets Leading the Way for Global PLM in Automotive Sector, Says Technavio


According to the latest market study released by Technavio on the global PLM market in the automotive sector, the market is expected to grow at a CAGR of 9% from 2016 to 2020.

The research report is titled "Global PLM in the Automotive Sector 2016-2020" and provides an in-depth analysis of both revenue and emerging market trends. The research report also includes up to date analysis and forecast estimates for various market segments and all geographical regions.

Request Sample Report: http://goo.gl/2EAOJU

The report states that the automotive industry is being driven by increased demand for highly efficient vehicles. Some of the major factors shaping the automotive industry are:

  • Increased need for fuel-efficient automobiles due to rise in fuel prices
  • Stringency of environmental laws and emissions standards from various governments such as in the EU
  • Increase in global demand for small and light vehicles
  • Growing safety requirements and increased demand for electronics and embedded software content in vehicles

The global PLM market in the automotive industry is segmented into seven products:

  • cPDM
  • CAD
  • EDA
  • NC
  • FEA
  • CFD
  • DM

In terms of CAGR from 2015 to 2020, the CFD and FEA segments have the fastest growth rates, followed by EDA and, the market leader cPDM.

Vendors like ANSYS, Mentor Graphics (News - Alert), EXA, and ESI have recently entered into strategic partnerships with different CFD support platform providers, whih is driving the growth of the CFD market. High research and development investments by automobile manufacturers to develop new and innovative products in the market is also providing a driving force in the growth of the global CFD market in the automotive industry.



The cPDM segment is the market's largest, generating revenue of over USD 3 billion in 2015 and is expected to exceed USD 5 billion by 2020, growing at a CAGR of 10%. cPDM plays a major role in meeting the needs of the automotive industry to comply with requirements imposed by governments.

"cPDM software solutions are a strategic business approach, applying a consistent set of business solutions that collaboratively provide effective and efficient methods for managing the functions of PLM," said Technavio PLM research analyst Arjun Das. "They help with product data management, collaborative product visualization, collaborative product commerce, effective integration of cPDM with enterprise applications, and SRM."


CAD is the market's second largest segment and generated revenue of nearly USD 3 billion in 2015 and is expected to increase over USD 600 million by 2020 growing at a CAGR of 5%.

The market is driven by the presence of large international vendors: Autodesk (News - Alert), Dassault Systèmes SA, PTC, and Siemens PLM Software but also has the presence of local vendors such as Graebert, one of the leading custom CAD solution providers in Germany. The company's product portfolio includes ARES Commander, DWG-compatible CAD software, and ARES Touch.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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