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. It is projected to expand at a CAGR of 9.8% during
the forecast period. Rapid growth of wearable industry is likely to increase
the use of CAE software in electronics industry. 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. Miniaturization of
electronic devices and sensors and persuasive connectivity with lowered costs
have immensely contributed to the growth of wearable technology devices.
Government regulations,
mandating applications, such as collision avoidance, parking assistance
systems, wireless communication technology, and interactive infotainment
systems, in the upcoming car technologies to increase driver safety, are
anticipated to propel demand for computer aided engineering software. 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. 3D printing is a form of additive manufacturing that allows users to
print any object as a 3-D image. The technology helps reduce production costs
and develop new production methods. Ease of use and unlimited customization
capabilities are the key factors driving the 3D printing market which is
further expected to positively impact the CAE market.
Prevailing open source
software are anticipated to restrain the market growth over the projected
period. They are available on the web for free. However, vendors do charge for
support, customization, and maintenance services. Linux has been leading the
open architecture software market. Open source software has been a boon for
small software vendors, due to which, the large enterprises have been facing
negative impacts. Prominent drivers for open source technology are the minor
flaws and bugs that can be tested and fixed immediately.
To request a sample copy or view summary of this report,
click the link below:
https://www.grandviewresearch.com/industry-analysis/computer-aided-engineering-cae-market
https://www.grandviewresearch.com/industry-analysis/computer-aided-engineering-cae-market
Further key findings from the report suggest:
· Computational fluid dynamics segment is
anticipated to witness high CAGR over the forecast period
· Testing and simulation are the important
aspects of a design cycle that help end-users achieve profitability and faster
time-to-market
· On-premise segment led the computer aided
engineering market in terms of revenue in 2018 and is anticipated to remain
dominant over the projected period
· Simulation software are used to analyze the
effect of casing materials on IC performance, thermal management, and
electrical signal performance
· Increasing adoption of lithium-ion
batteries in consumer electronics application will also boost the demand over
the projected period
· Asia Pacific and Latin America are poised
to emerge as lucrative regional markets in the forthcoming years
· Key market players include Siemens AG
(Germany), Exa Corporation (U.S.), MSC Software Corporation (U.S.), and ESI
Group (France).
Grand View Research has
segmented the computer aided engineering market based on type, deployment model,
end use, and region:
Computer Aided Engineering (CAE) Type Outlook (Revenue,
USD Million, 2014 - 2025)
·
Finite Element Analysis (FEA)
·
Computational Fluid Dynamics (CFD)
·
Multibody dynamics
·
Optimization & simulation
Computer Aided Engineering (CAE) Deployment Model Outlook
(Revenue, USD Million, 2014 - 2025)
·
On-premise
·
Cloud based
Computer Aided Engineering (CAE) End Use Outlook
(Revenue, USD Million, 2014 - 2025)
·
Automotive
·
Defence & aerospace
·
Electronics
·
Medical devices
·
Industrial equipment
·
Others
Computer Aided Engineering (CAE) Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
South America
o
Brazil
·
The Middle East and Africa (MEA)
Access Press Release of Computer Aided Engineering Market@ https://www.grandviewresearch.com/press-release/global-computer-aided-engineering-cae-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
