Global Computer Aided Engineering Market to Witness 9.1% CAGR During 2023-28

According to MarkNtel Advisors' latest report, Global Computer Aided Engineering Market will likely expand at around 9.1% CAGR during the forecast period, i.e., 2023-28. Thanks to the ever-increased outsourcing of manufacturing processes to developing economies, the market for CAE has witnessed an ascension over the past few years. Similarly, companies' growing deployment of integrated software solutions to eliminate the need for multiple prototypes & product recall concerns and the increased utilization of CFD tools to analyze temperature in battery modules and extend their life & performance have again led to the augmented market growth for such systems, says the research report.

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The report is meticulously designed to offer stakeholders an in-depth understanding of the market and its most lucrative segments. Presented in a well-organized manner, the research report delivers accurate data in a statistical format, covering recent market prospects as well as historical achievements. The report places emphasis on crucial aspects such as consumption patterns, geographical analysis, market segmentation, and the competitive landscape.

Market Dynamics and Trends

The Comprehensive Global Computer Aided Engineering Market Study presents a thorough analysis of growth opportunities, driving factors, challenges, and obstacles in both developing and emerging regions. According to the report, the emergence of Cloud-based CAE seems to open new avenues for the CAE Market. The demand for such systems has furthered as they facilitate hardware acquisition, software licensing, installation, & support at a better affordability. Besides, CAE allows for quick distribution, minimal maintenance costs, and improved scalability. In fact, in order to attain advanced computation & storage services, companies are even deploying HCI (Hyper-Converged Infrastructure) platforms to develop a private cloud. Backed by these aspects, the market for Computer Aided Engineering is likely to expand globally in the next five years.

Global Computer Aided Engineering Market Segments, as per the Research Report

By Type (Finite Element Analysis, Computational Fluid Dynamics, Thermal Analysis, Multibody Dynamics, Others (Mechanical Event Simulation, etc.))

By Deployment Model (On-Premise, Cloud)

By End User (Automotive, Medical Devices, Industrial Equipment, Defense & Aerospace, Electronics, Others (Energy, Consumer Goods, etc.))

By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)

Strategic Insights and Performance Evaluation of Market Leaders

The report provides a thorough understanding of the opportunities accessible to major market players, including Altair Engineering Inc. ANSYS, Inc., Autodesk Inc., Aveva Group, Bentley Systems, Inc., Dassault Systemes, ESI Group, Hexagon AB, Siemens AG, SimScale GmbH, Cambrio, Waterloo Hydrogeologic, The MathWorks, Inc., Aspen Technology Inc, and Cadence Design Systems, Inc.

In June 2022, Ansys joined SoftInWay to create streamlined turbomachinery workflows from the design phase through 3D simulation. This partnership seeks to ensure seamless integration of Ansys' simulation software into SoftInWay's unique design platform.

Similarly, Dassault Systèmes launched DELMIAworks in India, an advanced manufacturing ERP & MES solution the previous year. It permits manufacturers to effectively monitor & manage manufacturing workflows & supply chains and attain enhanced operational efficiency & transparency.

The same year, Siemens revealed the launch of Simcenter Femap to streamline & enhance the FEA process, improve FEA efficiency, and allow users to edit & re-use mesh-centric FEA models of complex products & systems.

Key Questions Addressed in this Report:

What are the anticipated projections for the Global Computer Aided Engineering Industry in terms of capacity, production, and production value?

What is the expected market share, supply, and consumption, and how do import and export factor impact?

How does the Computer Aided Engineering Market fare in the analysis of its chain, considering upstream raw materials and downstream industry?

What dynamics characterize the Computer Aided Engineering Market?

What challenges and opportunities are on the horizon?

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals.