Integrated CAE software solutions to reduce prototyping costs and product recalls create opportunities

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Global Computer Aided Engineering (CAE) Market

Global Computer Aided Engineering (CAE) Market

Global Computer Aided Engineering (CAE) Market

DUBLIN, July 4, 2022 (GLOBE NEWSWIRE) — Added the Computer Aided Engineering (CAE) – Global Market Trajectory & Analytics report ResearchAndMarkets.com Offer.
The Global Computer Aided Engineering (CAE) Market, valued at US$5.2 billion in 2020, is projected to reach a revised size of US$8.7 billion by 2026, growing at a CAGR of 9, during the analysis period, 1% grow.

The global Computer Aided Engineering (CAE) market is projected to reach $8.7 billion by 2026

Computer Aided Engineering (CAE) refers to the use of computer and software solutions to design, analyze and generate processes and products. CAE broadly encompasses Computer Aided Design (CAD) as well as Computer Aided Manufacturing (CAM) skills to provide support in engineering analysis processes.

The market has benefited significantly from the rapid shift of manufacturing in the West to cheaper destinations in the East. The market growth would be largely driven by the emerging markets where the importance of CIM or Computer Integrated Manufacturing is increasing.

Continued decrease in CAE software prices and license fees would also boost market growth. Cloud computing reduces licensing, deployment and maintenance costs, which is likely to expand the market. Companies are also using advanced technologies like machine learning and artificial intelligence to create advanced CAE tools.

The US market is estimated at US$1.7 billion in 2021, while China is expected to reach US$1.1 billion by 2026
The US Computer Aided Engineering (CAE) market is estimated to be worth US$1.7 billion in 2021. China, the second largest economy in the world, is forecast to reach a projected market size of US$1.1 billion by 2026, behind a CAGR of 11.5% over the analysis period. Other notable geographic markets include Japan and Canada, which forecast growth of 7.6% and 8.7%, respectively, over the analysis period. Within Europe, growth of approx. 8.2% CAGR is forecast for Germany. North America and Europe are the leading regions, led by increasing automation in the manufacturing sector. Also the presence of major car manufacturers in countries like Russia, Germany and Romania is driving the market growth for CAE in Europe. The growth in the Asia-Pacific region is mainly due to the steady rise of the main end-use industries. Another prominent growth driver is the increasing automation penetration in the manufacturing industry in the region.

Select competitors (total 248 presented) –

  • Altair Engineering, Inc.

  • SimuTech Group

  • Dassault Systèmes SE

  • Dell Inc.

  • ESI group

  • Hexagon AB

  • Mentor Graphics, Inc.

  • NEC Display Solutions, Ltd.

  • Numeca International

  • Siemens Industry Software Inc.

  • Simerics Inc.

  • Symscape

  • Synopsys, Inc.

Main topics covered:

I. METHODOLOGY

II. SUMMARY


1. MARKET OVERVIEW

  • Insights into the influencer market

  • world market developments

  • Effects of the COVID-19 pandemic and the looming global recession

  • The pandemic crisis weakens the economic environment and triggers a negative tide of GDP

  • World economic growth forecasts (real GDP, annual percentage change) for 2019, 2020 and 2021

  • Industrial activity will remain subdued in the short term

  • Global PMI index points for 2018, 2019 and 2020

  • Computer Aided Engineering (CAE): A Prelude

  • CAE software

  • Global market prospects and outlook

  • The finite element analysis (FEA) segment is the world market leader

  • High Growth Cloud Deployment Model

  • The automotive industry is developing into the most important end consumer segment

  • Developed regions lead, developing economies at the forefront of future growth

  • contest

  • world brands

  • Current market activity

  • Computer Aided Engineering (CAE) – Percentage market share of the main competitors worldwide in 2022 (E)

  • Competitive market presence – strong/active/niche/trivial for players worldwide in 2022 (E)

2. FOCUS ON SELECTED PLAYERS

3. MARKET TRENDS & DRIVERS

  • The trend towards outsourcing manufacturing processes to emerging countries fuels the demand for CAE solutions

  • Benefits of integrated CAE software solutions in reducing prototyping costs and product recalls

  • Finite Element Analysis Market: Poised for Healthy Growth

  • Growing use of Computational Fluid Dynamics bodes well for the market

  • Increasing acceptance of 3D printing bodes well for the CAE market

  • Global 3D printing market size (in billion U.S. dollars) for 2019, 2022 and 2025

  • The cloud delivery model continues to gain traction in the CAE market

  • The launch of the Hyper-Converged Infrastructure (HCI) platform for private clouds bodes well for the market

  • CAE simplifies engineering design

  • Expanding the role of CAE in product development

  • Automotive industry leads the CAE market

  • Post-COVID-19 auto industry recovery to support demand

  • World Automobile Production in Million Units: 2008-2022

  • While the near-term outlook remains in question due to the pandemic, the aerospace sector is poised to see healthy growth over the longer term

  • The introduction of advanced technologies in the electronics industry presents opportunities for the CAE software market

  • Virus-related economic recession impacts current outlook for electronics industry

  • Supply chain disruptions are impacting a large number of electronics manufacturers: % of companies impacted by supply chain delays due to COVID-19 worldwide as of May 2020

  • Rapidly eroding consumer confidence thwarts hopes for a quick recovery: global consumer confidence index points for 4Q2019, 1Q2020 and 2Q2020

  • Efficiency benefits to drive demand for CAE solutions in medical imaging

  • AI in CAE to address engineering process challenges

  • Value Added Resellers (VAR) are positively impacting the CAE market in various end-use industries

  • Challenges in the CAE market

  • The availability of open source software is restraining the growth of the CAE market

4. GLOBAL MARKET PERSPECTIVE

For more information about this report, visit https://www.researchandmarkets.com/r/8dgkls

Appendix

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