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Computer-Aided Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Computer-Aided Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • April 2020
  • 109 pages
  • ID: 5889869
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global computer-aided engineering market is currently witnessing strong growth.

Computer-aided engineering (CAE) refers to the process of developing and simulating the performance of a product using software and virtual tools. It enables the developer to improve the product design and performance while resolving various engineering problems. CAE involves the replication of a product’s physical properties and performing thermal and finite element analysis, and multiple optimizations. It also supports faster product development by eliminating the need for building physical prototypes in early developmental stages. Owing to these benefits, CAE finds extensive applicability across the automotive, aerospace, plant engineering, electronics, energy and healthcare industries.

The growing integration of computer-aided drafting (CAD) with CAE, along with the increasing cloud deployment of software, represent as the key factors driving the growth of the market. The CAD technology aids in the timely calculation of stress distribution and deformations in a product without influencing the modeling process. Furthermore, user-friendly technological advancements in the CAE software have enabled developers and designers to upload their analysis on the cloud platform, which offers increased mobility and significant cost reductions. The rapid growth of the smart and wearable device industry, along with the increasing penetration rate of internet services, is also creating a positive outlook for the market. The increasing usage of smartphones, tablets and smartwatches is further favoring the widespread acceptance of CAE for medicinal, fitness, transportation, education and entertainment purposes. Moreover, advancements in the automotive sector, including the advent of driverless and semi-autonomous cars, which use the technology for collision avoidance, parking assistance systems and interactive infotainment systems, are projected to drive the market further. Looking forward, the analyst expects the market to register a CAGR of 9.50% during 2020-2025.

Breakup by Type:
Finite Element Analysis (FEA)
Computational Fluid Dynamics (CFD)
Multibody Dynamics
Optimization & Simulation

Breakup by Deployment Type:
On-Premises
Cloud-based

Breakup by End-Use Industry:
Automotive
Defense & Aerospace
Electronics
Medical Devices
Industrial Equipment
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Altair Engineering Inc., Ansys Inc., Aspen Technology Inc., Autodesk Inc., BenQ Asia Pacific Corp., Bentley Systems Inc., Casio Computer Co. Ltd., Dassault Systemes, ESI Group, Exa Corporation, Mentor Graphics Corporation, MSC Software Corporation, NUMECA International, Seiko Epson Corporation, Siemens Digital Industries Software, etc.

Key Questions Answered in This Report:
How has the global computer-aided engineering market performed so far and how will it perform in the coming years?
What are the key regional markets in the industry?
What is the breakup of the market based on the type?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global computer-aided engineering market and who are the key players?
What is the degree of competition in the industry?

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