Computer
Aided Engineering (CAE) Market strategic research study offers company accounts, industry investors,
and industry members with consequential insights to enable them to make
reliable strategic decisions regarding the opportunities in the global market.
Computer Aided Engineering
(CAE) Market research report offers detail overview of industry with all the
requisite data to support tactical business decisions and come up with
strategic growth plans. This study also proposes a comprehensive insight into
the development policies and plans in addition to manufacturing processes and
cost structures.
KEY BENEFITS
1. Computer Aided Engineering (CAE) market
analysis based on current industry scenario and expected future trends to
enable stakeholders take strategic decisions.
2. Analysis of the factors impacting the Computer
Aided Engineering (CAE) market to understand business opportunities.
3. Identification of key investment pockets
for various applications, type and geographies.
4. Identification of the Computer Aided
Engineering (CAE) market top key players and their strategic moves.
5. Evaluation of Computer Aided Engineering
(CAE) market trends to provide deep-dive intelligence into every market
segment.
6. Competitive analysis to effectively plan
and execute a business plan.
7. Computer Aided Engineering (CAE) market
micro-level analysis based on application, type and geography.
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The global Computer Aided
Engineering (CAE) market size was valued at USD 5.23 billion in 2015 and is
projected to reach USD 12.8 billion by 2025. Global Computer Aided Engineering
(CAE) market is expected to observe steady growth owing to increasing the need
for collective product improvement. Computer-aided engineering application has
the provision to undertake various tasks which include analysis, validation,
simulation, and manufacturing of engineering goods. The convenience of
worldwide licenses is expected to be a major driving factor for market growth
over the forecast period. Global licenses help industry players to provide
computer-aided engineering applications at a standardised fee. It also makes
them easy to decide billing related to support and service offerings.
Application of integrated CAE tools results in a reduction in product analysis
time and product life cycle time. This helps in improving the overall
efficiency.
Increasing usage of
smartphones and tablets is expected to propel the market growth. The demand for
CAE tools is expected to rise owing to its adoption in non-traditional fields
including government institutions and consumer durables. Features including
customer support, ownership cost, functionality, and quality of the CAE tools
are expected to boost the industry growth. Machines have been rated out of data
on account of rapid change in technology and new product. In order to achieve a
competitive edge, market players are determined to make extensive investments
in research and development.
Cloud-based CAE solution
provides great opportunities and is anticipated to boost the market growth over
the forecast period. Open source CAE tools are mostly preferred by small and
medium enterprises owing to huge investments for exclusive licenses.
Cloud-based tools have enabled industries to enhance their market reach in
small and medium sectors offering advantages including low operating costs,
maintenance costs, and company mobility. Further, pay-per-use billing
techniques are expected to leverage the CAE market growth over the forecast
period.
Lack of technical
proficiency and shortage of trained labour force is expected to hamper market
growth over the forecast period. Organisations are expected to hesitate in
making high investments for CAE licenses owing to the presence of open source
solutions. Counterfeit software is a threat to the CAE market players. Extreme
competition is expected to affect market players resulting in the reduction of
profit margins and rise in operational expenditures. High maintenance and
license costs offer challenges for overall market growth.
CAE market is segmented on
the basis of product design which includes computational fluid dynamics (CFD)
and finite element analysis (FEA). Finite element analysis finds its
application in the assessment of given product design before its model is
formed is done using finite element analysis. Computational fluid dynamics
include analysis of engine movement, pressure measurement, and studying liquid
and gases with various structures. CAE market is also segmented on the basis of
end-user application which includes aerospace, defence, automobile,
electronics, and industrial machinery. CAE tools have assisted organisations in
aerospace and automobile sectors to develop safer product along with avoiding
huge expenditures of developing prototype model.
Major players in the CAE
market include Dassault, ANSYS, Siemens PLM Software, MSC Software, Altair
Engineering, ESI Group, Mentor Graphics, Computational Engineering
International, Bentley Systems, Exa Corporation, Numeca International, NEi
Software and Flow Science. Merger and acquisition have been a common trend
observed in recent years. Companies try to expand their geographical reach as
well as product portfolio through these merger strategies. Organisations have
been concentrating on research and development for continuous improvement of
their products. This is very essential to make themselves compatible with the
growing machine technology. In June 2015, ANSYS acquired Gear Design Solutions.
The collaboration of technology of both these companies is expected to assist
ANSYS in providing simulation structure to the electronic and semiconductor
market.
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