FEB 27, 2020: The global Computer Aided Engineering market size is anticipated to reach USD 14.9 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 9.3% CAGR over the forecast period. Rapid growth of the wearable industry is likely to increase the use of computer aided engineering (CAE) software in the electronics industry. With the smartphone market in its maturity stage, major players are in search of new sources of revenue. As a result, wearable technology is likely to witness a surge in demand over the forecast period.
Growing penetration of IoT, tablets, and smartphones is expected to boost the CAE market. Increasing usage of wearable devices in a host of industries, such as medicine, fitness, transportation, education, entertainment, and gaming, is also paving the way for market growth. Miniaturization of electronic devices and sensors, persuasive connectivity, and lowered costs have significantly contributed to the growth of wearable devices, thereby impacting the growth of computer aided engineering.
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Looking to increase driver and passenger safety in vehicles, government regulations have mandated the application of technologies such as collision avoidance systems, parking assistance systems, wireless communication technology, and interactive infotainment systems in upcoming car technologies. This is anticipated to spur the demand for computer aided engineering software. Additionally, technological advancements in the automotive sector, including driverless cars and semi-autonomous cars, are likely to boost demand for computer aided engineering software.
Emerging new engineering modes such as 3D printing, building information modeling, and concurrent engineering are likely to influence the computer aided engineering market. 3D printing is a form of additive manufacturing that allows users to print any object as a three-dimensional image. The technology helps in reducing production costs and developing new methods of production. Ease of use and unlimited customization capabilities are the key factors driving the adoption of 3D printing across industries, which is further expected to positively impact the demand for computer aided engineering.
Prevailing open source software are anticipated to restrain the adoption of computer aided engineering software and solutions over the projected period. This software are available for free on the web; however, vendors charge for support, customization, and maintenance services. Another major advantage of open source technology is that minor flaws and bugs can be tested and fixed immediately. Linux has been leading the open architecture software market. Open source software has been a boon for small software vendors. However, it has proven to be a restraint for large enterprises.
Further key findings from the report suggest:
- The Finite Element Analysis (FEA) segment dominated the market for CAE solutions in 2019. FEA simulates real components to analyze problems pertaining to heat transfer, structural analysis, electromagnetic potential, and mass transport
- The cloud-based deployment model is expected to register the fastest growth over the projected period, on the basis of deployment model. Cloud-based deployment enables faster distribution, minimal maintenance, reduction in cost, and increase in scalability
- The automotive segment held the dominant share in 2019, by way of end use. In this sector, CAE software is used to analyze the feasibility of heat dissipation techniques such as cooling, ventilation, and aerodynamics. The aerospace sector is expected to witness a high growth rate over the forecast period
- Asia Pacific and South America are poised to emerge as lucrative regional markets for CAE software over the forecast period. Rising government investments in the manufacturing sector and growing automation of industrial equipment are major factors driving these markets
- Key players in the market include Siemens AG (Germany), Exa Corporation (U.S.), MSC Software Corporation (U.S.), and ESI Group (France). Industry players are constantly investing in R&D to develop differentiated products and stay ahead of the competition.
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 CAE - Industry Snapshot & Key Buying Criteria, 2016 - 2027
Chapter 3 Industry Outlook
3.1 Market Segmentation & Scope
3.2 CAE Market Size and Growth Prospects
3.3 CAE-Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Emergence of 3D printing
3.4.1.2 New pricing model and Cloud-based software-as-a-service(SaaS)
3.4.2 Market restraint analysis
3.4.2.1 Open source software
3.4.3 Market opportunity analysis
3.5 List of Key End-users
3.6 Key Opportunities-Prioritized
3.7 CAE-Key Company Analysis, 2019
3.7.1 Key company analysis, 2019
3.8 Industry Analysis-Porter’s
3.9 CAE-PESTEL Analysis
3.10 Competitive Analysis
Chapter 4 CAE: Type Estimates & Trend Analysis
4.1 CAE Market: Type Analysis
4.1.1 FEA
4.1.1.1 Global market estimates and forecasts, 2016 - 2027 (USD Million)
4.1.2 CFD
4.1.2.1 Global market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 5 CAE: Deployment Model Estimates & Trend Analysis
5.1 CAE Market: Deployment Model Analysis
5.1.1 On-premise
5.1.1.1 Global market estimates and forecasts, 2016 - 2027 (USD Million)
5.1.2 Cloud-based
5.1.2.1 Global market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 6 CAE: End-Use Estimates & Trend Analysis
6.1 CAE Market: End-use Analysis
6.1.1 Automotvie
6.1.1.1 Global market estimates and forecasts, 2016 - 2027 (USD Million)
6.1.2 Defense & aerospace
6.1.2.1 Global market estimates and forecasts, 2016 - 2027 (USD Million)
Continued…….
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The global Computer-Aided Engineering (CAE) Software Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Computer-Aided Engineering (CAE) Software include Siemens Product Lifecycle Management Software Inc., Dassault Systemes, Altair Engineering, Inc., CD-adapco, Mentor Graphics, Inc., AspenTechnology, Inc., MSC Software Corporation, ESI Group, Computational Engineering International Inc., Exa Corporation, and Bentley Systems Incorporated..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Computer-Aided Engineering (CAE) Software Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/computer-aided-engineering-cae-software-market/download-sampleMarket SegmentationThe broad Computer-Aided Engineering (CAE) Software has been sub-grouped into the Deployment Model, Type, End-User and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
17 February 2020 - The global Computer Aided Engineering (CAE) Market size was valued at USD 5.23 billion in 2015 and is projected to reach USD 12.8 billion by 2025.
Global Computer Aided Engineering (CAE) market is expected to observe steady growth owing to increasing the need for collective product improvement.
Computer-aided engineering application has the provision to undertake various tasks which include analysis, validation, simulation, and manufacturing of engineering goods.
Application of integrated CAE tools results in a reduction in product analysis time and product life cycle time.
This helps in improving the overall efficiency.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/computer-aided-engineering-cae-marketIncreasing usage of smartphones and tablets is expected to propel the market growth.
In order to achieve a competitive edge, market players are determined to make extensive investments in research and development.Cloud-based CAE solution provides great opportunities and is anticipated to boost the market growth over the forecast period.
