Computer Aided Engineering Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson

Report DescriptionAbout IMARC Group

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global Computer-Aided Engineering Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " Computer-AidedEngineeringMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunityand Forecast2023-2028

," the global computer-aided engineering market size reached US$ 9.3 Billion in 2022.

Computer-aided engineering (CAE) involves the usage of sophisticated and interactive computer software to facilitate engineering analysis tasks. It is widely used to simulate performance using virtual tools in an attempt to improve product designs and resolve engineering problems. It is also utilized to assess the performance and robustness of assemblies and components by replicating the product’s physical properties and conducting thermal/ finite element analysis and optimizations.

Since this process eliminates the requirement of building physical prototypes in its early developmental stages, it offers quicker processing and aids numerous end users in achieving their goals faster than expected. Consequently, CAE finds extensive applications across numerous industry verticals, such as energy, aerospace, automotive, electronics and healthcare.

Request for a PDF sample of this report: https://www.imarcgroup.com/computer-aided-engineering-market/requestsample

Global Computer-Aided Engineering Market Trends:

The market is primarily driven by the growing adoption of cloud-based computing instead of on-premise computing solutions across various industries. The use of cloud computing leads to the elimination of hardware acquisition and software licensing, installation and support, thereby minimizing overall costs. This has considerably increased the deployment of CAE software across various organizations. There has also been a rise in the integration of computer-aided drafting (CAD) with CAE to assist in calculating stress distribution and deformations in a product without influencing the modeling process. The market is further driven by the increasing penetration of smart and wearable devices across the globe, supported by the miniaturization of sensors and electronic devices and their reducing selling prices.

Apart from this, governments of numerous countries have mandated the installation of multiple advanced technologies, including parking assistance systems, collision avoidance systems and wireless communication technology, in the latest models of various automobiles. This, coupled with the launch of driverless and semi-autonomous cars, is expected to facilitate the uptake of CAE services. Some of the other factors contributing to the market growth include the emergence of 3D printing and the increasing mergers and acquisitions (M&A) by original CAE providers and resellers as a key strategy to expand their market presence.

Report Description Report Description and Highlights

Lookingforward,themarketisanticipatedtogrowataCAGRof10.4%during2023-2028. View Report TOC, Figures and Tables: https://www.imarcgroup.com/computer-aided-engineering-market

Report Description Report Description and Highlights

Key Market Segmentation

The research report includes the following segments:

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

Report Description Report Description and Highlights

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• 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

1. Whatistheexpectedgrowthrateoftheglobalcomputer-aidedengineeringmarket?

2. WhathasbeentheimpactofCOVID-19ontheglobalcomputer-aidedengineeringmarket?

3. Whatarethekeyfactorsdrivingtheglobalcomputer-aidedengineeringmarket?

4. Whatisthebreakupoftheglobalcomputer-aidedengineeringmarketbasedonthetype?

5. Whatisthebreakupoftheglobalcomputer-aidedengineeringmarketbasedonthe developmenttype?

6. Whatisthebreakupoftheglobalcomputer-aidedengineeringmarketbasedontheend-use industry?

7. Whatarethekeyregionsintheglobalcomputer-aidedengineeringmarket?

8. Whoarethekeyplayers/companiesintheglobalcomputer-aidedengineeringmarket?

Clickheretovisitthecompletetableofcontentwithlistoffiguresandtables: https://www.imarcgroup.com/computer-aided-engineering-market/toc

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Report Description Report Description and Highlights

© 2022 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.