Global Market for Computer Aided Engineering (CAE)
Dublin, July 04, 2022 (GLOBE NEWSWIRE) -- The "Computer Aided Engineering (CAE) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Computer Aided Engineering (CAE) estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$8.7 Billion by 2026, growing at a CAGR of 9.1% over the analysis period.
Global Computer Aided Engineering (CAE) Market 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 incorporates computer aided design (CAD) as well as computer aided manufacturing (CAM) capabilities for providing assistance in engineering analysis processes.
The market has benefited significantly from the rapid shift of manufacturing of the West to cheaper destinations in the East. Market growth would be largely directed by the emerging economies, where the prominence of CIM or Computer Integrated Manufacturing is growing.
Continued reduction in prices of CAE software and licensing fees would also stimulate market growth. Cloud computing is bringing down costs of licensing, deployment as well as maintenance, which is likely to expand the market. Companies are also leveraging advanced technologies like machine learning and artificial intelligence for creating advanced CAE tools.
The U.S. Market is Estimated at $1.7 Billion in 2021, While China is Forecast to Reach $1.1 Billion by 2026
The Computer Aided Engineering (CAE) market in the U.S. is estimated at US$1.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2026 trailing a CAGR of 11.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 8.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR. North America and Europe are the leading regions led by increasing manufacturing sector automation. The presence of large automotive manufacturers in countries such as Russia, Germany and Romania also propel market growth for CAE in Europe. Growth in the Asia-Pacific region is mainly attributed to steady rise of major end-use industries. Another prominent growth promoting factor is the growing automation penetration in manufacturing industries in the region.
Select Competitors (Total 248 Featured) -
Altair Engineering, Inc.
Dassault Systemes SE
Mentor Graphics, Inc.
NEC Display Solutions, Ltd.
Siemens Industry Software Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic and the Looming Global Recession
Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Industrial Activity to Remain Subdued in the Immediate Term
Global PMI Index Points for the Years 2018, 2019 & 2020
Computer Aided Engineering (CAE): A Prelude
Global Market Prospects & Outlook
Finite Element Analysis (FEA) Segment Leads Global Market
Cloud Deployment Model to Witness High Growth
Automotive Industry Emerges as the Major End-Use Segment
Developed Regions Lead, Developing Economies to Spearhead Future Growth
Recent Market Activity
Computer Aided Engineering (CAE) - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Trend towards Outsourcing of Manufacturing Processes to Emerging Economies Fuels Demand for CAE Solutions
Benefits of Integrated CAE Software Solutions in Reducing Prototyping Cost & Product Recalls
Finite Element Analysis Market: Poised for Healthy Growth
Growing Use of Computational Fluid Dynamics Augurs Well for the Market
Rising Adoption of 3D Printing Augurs Well for CAE Market
Global 3D Printing Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
Cloud Deployment Model Continues to Gain Traction in CAE Market
Adoption of Hyper-Converged Infrastructure (HCI) Platform for Private Clouds Bodes Well for the Market
CAE Simplifies Engineering Design
Expanding Role of CAE in Product Development
Automotive Industry Leads the CAE Market
Recovery in Automotive Industry Post COVID -19 to Support Demand
World Automobile Production in Million Units: 2008-2022
While Short-term Outlook Remains Challenged due to Pandemic, Aerospace Sector Poised to Witness Healthy Growth in the Long Run
Adoption of Advanced Technologies in Electronics Industry Presents Opportunities for CAE Software Market
Virus Led Economic Recession Impacts Current Prospects for Electronics Industry
Supply Chain Disruptions Impact a Large Number of Electronic Manufacturers: % Share 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 & 2Q2020
Efficiency Advantages to Boost Demand for CAE Solutions in Medical Imaging
AI in CAE to Address Challenges of Engineering Processes
Value Added Resellers (VAR) Positively Impact CAE Market in Varied End-Use Industries
Challenges Confronting CAE Market
Availability of Open Source Software Restrains CAE Market Growth
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/8dgkls
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