Computer-aided design (CAD) is the use of a wide range of computer-based tools that assist engineers, architects and other design professionals in their designing activities. It enables easy modeling, creation, and viewing of 3D objects or floor plans from different angles on a computer or a display device.
Over the previous decades, the Chinese CAD software market has witnessed a consistent year-on-year growth rate. Despite the recession, investments in CAD software continued during the early 2008, which slightly dipped during the late 2008 and 2009. However, a rapid recovery in the CAD software market is expected during the first half of 2010. This is because, on the 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.
The fast growth rate of the Chinese CAD software industry can be attributed to the initiatives taken by the governments. Favorable government policies and encouragement by the Chinese government to conduct basic scientific research have played a key role in the growth of this industry.
The report by TechNavio Insights forecasts the size of the Computer Aided Design (CAD) Software market in China over the period 2008-2012. Further, it discusses the key market trends, drivers and challenges of the CAD Software Market in China, and profiles some of the key vendors of this market.