The Global Computer Aided Engineering Market was size near USD xx.x billion in 2015. The global computer aided engineering market is projected to grow with a CAGR of 9.5 during 2017-2023. The procedure with sophisticated analytical algorithms for design and virtual testing to the planning of manufacturing is termed as Computer-Aided Engineering (CAE).It is a standard design software used by various industries to develop products.The most commonly used simulation analysis types include Finite Element Analysis, Computational Fluid Dynamics, Thermal Analysis, Multibody Dynamics and Optimizations. The application of computer aided engineering are automotive, plant engineering, electronics, energy, aerospace, consumer goods and HVAC.
