Computer-Aided Engineering (CAE) Software Market Size, Growth & Global Forecast Report to 2027

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.

With the smartphone market in its maturity stage, major players are in search of new sources of revenue.

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.To Request A Sample Copy Of This Report @:   https://www.radiantinsights.com/research/computer-aided-engineering-cae-market/request-sampleLooking 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.

The technology helps in reducing production costs and developing new methods of production.

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.

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.

Global Computer-Aided Design (CAD) Market Research Report: By Technology (3D and 2D), by Component (Solution, Services [Installation, Training and Implementation, System Integration and other Support Services]), By Deployment Mode (Cloud, On-Premise), Application (Surface Modelling, 3D printing, Reverse Engineering, Part Assembly), Industry (Automotive, Electrical and Electronics, Civil and Construction, Energy and Materials, Industrial Equipment and Media and Entertainment) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027Market HighlightsAccording to MRFR analysis, the Computer –Aided Design market was valued USD 7.47 Billion in 2020 and is expected to reach USD 14.18 Billion by 2027, at a CAGR of 10.0 % during 2019–2025.

Factors driving the growth of the market include rising government initiatives to develop smart cities that allows real-estate sector to build smart space buildings and infrastructure, rise in adoption of cloud-based 3D CAD software, 3D modeling in public infrastructure that includes energy and utilities and construction, and adoption of 3D printing in manufacturing sectors.

Additionally, the integration of 3D CAD tools with virtual reality is expected to be one of the new revenue pockets for the CAD market during the forecast period.On the other hand, the adoption of building information modeling (BIM) solutions and cloud-based CAD solutions may eventually lead to data breaches; these are likely to hinder the growth of the CAD market during the forecast period.Segmental AnalysisThe global CAD market has been segmented based on technology, component, deployment mode, application, industry, and region.Based on technology, the CAD market is bifurcated into 3D technology and 2D technology.

However, the 2D technology is expected to register sluggish growth during the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8531By component, the global CAD market has been bifurcated into solutions and services.

The cloud segment is presumed to be the higher growth rate in the market owing to the availability of seamless cloud-based solutions that can be easily integrated with various applications such as surface modeling and 3D printing segments.

However, the on-premise segment is being still preferred over the cloud solution owing to security concerns.Based on application, the market has been segmented into surface modeling, 3D printing, reverse engineering, part assembly, and others.

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.

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.

Industry Insights In the uncertain time of COVID-19, Market Research Future has come with the latest study on the global Computer-Aided Design (CAD) Market 2020.

The survey enclosed the impact of COVID-19 on the economy.

On this, MRFR reveals the global market earlier achieved a valuation of USD 7.47 Billion in 2020 and would scale up to USD 14.18 Billion by 2027.

The evaluation of the escalation would take place during the years (2020 to 2027)—the forecasted period.

Top Impacting FactorsThe acceptance of CAD design platform in assorted manufacturing industries and disciplines to generate models and drawings is the foremost driver for the development of the global CAD market.

The CAD-based designs are used throughout the life cycle of a product and at different stages such as concept verification, design verification, and failure verification.

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