31-Aug-2018 | Zion Market Research
Zion Market Research has published a new report titled “Computer Aided Engineering Market by Product (Finite Element Analysis and Computational Fluid Dynamics), and by End-User Industry (Aerospace, Automobile, Electronic and Electrical, Defense, Industrial Machineries and Other Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019-2026.” According to the report, the Computer Aided Engineering Market accounted for USD 4,665.7 Million in 2019 and is expected to reach USD 9,747.9 Million by 2026, growing at a CAGR of around 11.10% between 2020 and 2026.
Browse the full “Computer Aided Engineering Market (Finite Element Analysis and Computational Fluid Dynamics) for Aerospace, Automobile, Electronic and Electricals Defense, Industrial Machineries and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2026” report at https://www.zionmarketresearch.com/report/computer-aided-engineering-market
The increasing trend of tablets and smartphones likely to drive the development of global computer aided engineering market
As per analysts at Zion Market Research, the increasing trend of tablets and smartphones is likely to drive the development of global computer aided engineering market in the forecast period. Increasing employment of new engineering modes such as 3D printing, building information modeling, concurrent engineering, and 3D modeling are major catalysts for the global computer aided engineering market. On the other hand, rising danger of piracy and open-source of CAE software can unenthusiastically affect the growth of the global computer aided engineering market in the years to come. Lack of skilled labor as well as technical expertise is likely to hinder the growth of global computer aided engineering market over the years to come.
Nevertheless, cloud-based computer aided engineering equipments might assist market merchants to elevate the penetration of global computer aided engineering market in medium and small segments. This will be done by providing advantages such as mobility for the companies and low maintenance & operating costs, thereby boosting the global computer aided engineering market. Computer aided engineering is the essential part of many worldwide sectors for economic development comprising oil, automotive, defense, aerospace, healthcare, and finance among others, thereby having a major role in the development of the global computer aided engineering market. In addition, various activities by market players to boost the global computer aided engineering market are also accountable for market development. For example, in 2015, “Center of Computer-Aided Engineering” in Reverse Engineering by WorldSkills is conducted every year in recognition of innovations performed in global computer aided engineering market.
Appearance of various manufacturing sectors to propel the global computer aided engineering market in Asia Pacific
North America added up for the biggest share in terms of income in the global computer aided engineering market in 2019. North America was followed by the Asia Pacific area in the global computer aided engineering market. The Asia Pacific is one of the quickest developing areas in the global computer aided engineering market owing to the appearance of various manufacturing sectors in this area. In the Middle East & Africa, the broad acceptance of product lifecycle management tactics by companies has powered up the requirement for global computer aided engineering market.
The key players operating in the CAE market are Bentley Systems, PLM Software, Inc., Mentor Graphics Corporation, MSC Software Corporation, Inc., NEi Software, Dassault Systemes, S.A., and Synopsys, Inc., ANSYS Inc., and AspenTech, ESI Group, Exa Corporation, and Numeca International, among others.
The global computer aided engineering market is segmented as follows:
By End User
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