Computer Aided Engineering (CAE) Market strategic research study offers company accounts, industry investors, and industry members with consequential insights to enable them to make reliable strategic decisions regarding the opportunities in the global market.
Computer Aided Engineering (CAE) Market research report offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
KEY BENEFITS
- Computer Aided Engineering (CAE) market analysis based on current industry scenario and expected future trends to enable stakeholders take strategic decisions.
- Analysis of the factors impacting the Computer Aided Engineering (CAE) market to understand business opportunities.
- Identification of key investment pockets for various applications, type and geographies.
- Identification of the Computer Aided Engineering (CAE) market top key players and their strategic moves.
- Evaluation of Computer Aided Engineering (CAE) market trends to provide deep-dive intelligence into every market segment.
- Competitive analysis to effectively plan and execute a business plan.
- Computer Aided Engineering (CAE) market micro-level analysis based on application, type and geography.
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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. The convenience of worldwide licenses is expected to be a major driving factor for market growth over the forecast period. Global licenses help industry players to provide computer-aided engineering applications at a standardised fee. It also makes them easy to decide billing related to support and service offerings. 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.
Increasing usage of smartphones and tablets is expected to propel the market growth. The demand for CAE tools is expected to rise owing to its adoption in non-traditional fields including government institutions and consumer durables. Features including customer support, ownership cost, functionality, and quality of the CAE tools are expected to boost the industry growth. Machines have been rated out of data on account of rapid change in technology and new product. 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. Open source CAE tools are mostly preferred by small and medium enterprises owing to huge investments for exclusive licenses. Cloud-based tools have enabled industries to enhance their market reach in small and medium sectors offering advantages including low operating costs, maintenance costs, and company mobility. Further, pay-per-use billing techniques are expected to leverage the CAE market growth over the forecast period.
Lack of technical proficiency and shortage of trained labour force is expected to hamper market growth over the forecast period. Organisations are expected to hesitate in making high investments for CAE licenses owing to the presence of open source solutions. Counterfeit software is a threat to the CAE market players. Extreme competition is expected to affect market players resulting in the reduction of profit margins and rise in operational expenditures. High maintenance and license costs offer challenges for overall market growth.
CAE market is segmented on the basis of product design which includes computational fluid dynamics (CFD) and finite element analysis (FEA). Finite element analysis finds its application in the assessment of given product design before its model is formed is done using finite element analysis. Computational fluid dynamics include analysis of engine movement, pressure measurement, and studying liquid and gases with various structures. CAE market is also segmented on the basis of end-user application which includes aerospace, defence, automobile, electronics, and industrial machinery. CAE tools have assisted organisations in aerospace and automobile sectors to develop safer product along with avoiding huge expenditures of developing prototype model.
Major players in the CAE market include Dassault, ANSYS, Siemens PLM Software, MSC Software, Altair Engineering, ESI Group, Mentor Graphics, Computational Engineering International, Bentley Systems, Exa Corporation, Numeca International, NEi Software and Flow Science. Merger and acquisition have been a common trend observed in recent years. Companies try to expand their geographical reach as well as product portfolio through these merger strategies. Organisations have been concentrating on research and development for continuous improvement of their products. This is very essential to make themselves compatible with the growing machine technology. In June 2015, ANSYS acquired Gear Design Solutions. The collaboration of technology of both these companies is expected to assist ANSYS in providing simulation structure to the electronic and semiconductor market.
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June 20, 2019: The global computer aided engineering market size is anticipated to reach USD 12.78 billion by 2025, according to a new report by Grand View Research, Inc.
Major market players are in search of new revenue sources as the smartphone market is in the maturity stage.
As a result, rising demand for wearable technology is anticipated to further fuel the growth.Growing penetration of Internet of Things (IoT), tablets, and smartphones are expected to boost growth of the CAE market.
Owing to the growth of IOT, wearable devices are increasingly being used in medicine, fitness, transportation, education, entertainment, and gaming; paving way for market growth.
Technological advancements in automotive sector, such as driverless cars and semi-autonomous cars, are further anticipated to boost the demand.Emergence of innovative engineering modes such as 3D printing, building information modeling, and concurrent engineering is likely to influence the computer aided engineering market.
The technology helps reduce production costs and develop new production methods.
According to a new study published by Polaris Market, the global Computer Aided Engineering Market is anticipated to reach USD 11.86 billion by 2026.
The increasing penetration of smartphones and tablets are the major factors driving the demand for CAE software.
Also, inadequate technical expertise and lack of skilled labor in several countries globally is restricting the growth of the computer aided engineering market.
Download sample Copy : https://www.polarismarketresearch.com/industry-analysis/computer-aided-engineering-market/request-for-sample On the other hand, cloud-based CAE tools helps the vendors to escalate market penetration in small as well as medium sectors by providing advantages such as reduced maintenance costs and operating costs as well as mobility of the companies.
During the past few years, a trend has been noticed in the CAE software marketplace.
CAE software offers broad application range as well as supports various tasks including, analysis, simulation, validation, and manufacturing of engineering products.
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.
