Global Computer Aided Engineering Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Computer Aided Engineering market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Computer Aided Engineering Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Computer Aided Engineering Market forecast.
The Computer Aided Engineering Market report discusses the primary industry growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.
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The global computer aided engineering (CAE) market size is anticipated to account for USD 14.9 billion by 2027, growing at 9.3% CAGR. CAE is a use of computer software to simulate the performance of the design with the aim to improve product quality. CAE is used in various industries such as electronics, manufacturing, defense & aerospace and automotive among others. In the electronics industry, CAE is used in the manufacturing of various components such as smartphone, tablets and other IoT solution.
Wearable devices are the major electronic products where CAE is used predominantly. In the recent past, there has been significant growth in the adoption of wearable technology in various applications such as education, fitness, gaming and transportation. Further, miniaturization of sensors and electronic devices are likely to drive the use of CAE software in electronics industries.
Automotive is the other major end-use industry where is CAE software is used for various applications. Over the past few years, there has been a rise in the focus on the safety features such as ADAS, parking assistance and collision avoidance system. Growing adoption of these technologies is estimated to bolster the demand for CAE software in automotive. In automotive, CAE ensures a high degree of precision and quality.
Europe held the largest share in the CE market in 2019 owing to the developed automotive industry and increasing investment in industrial automation. On the other hand, Asia Pacific is projected to register the significant growth over the forecast duration. Increasing industrialization in countries such as India and China is the major factor driving the CAE growth in the region.
Some of the companies for Computer Aided Engineering market are:
Exa Corporation, ESI Group, Siemens AG and MSC Software Corporation
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