Computer Aided Engineering Market To Reach New Heights And Cross USD 5,863.36 Million By 2021

31-Aug-2018 | Zion Market Research

Major companies in the global computer aided engineering market comprise Bentley Systems, Synopsys, Inc., Mentor Graphics Corporation, PLM Software, Inc., MSC Software Corporation, Inc., Exa Corporation, Dassault Systemes, NEi Software, AspenTech, ANSYS Inc., Numeca International, and ESI Group among others. These players are claimed to drive the growth of global computer aided engineering market in the years to come.

As per analysts at Zion Market Research, the global demand for computer aided engineering market was capitalized at almost USD 3,062.37 Billion in 2015, and is likely to cross almost USD 5,863.36 Million by 2021, developing at a CAGR of slightly more than 11.10% from 2016 to 2021.

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This review is based on a report by Zion Market Research, titled “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, 2015-2021”- Report at http://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.

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 2015. 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 global computer aided engineering market is segmented as follows:

By Product 

  • Finite Element Analysis (FEA) 
  • Computational Fluid Dynamics (CFD) 

By End User  

  • Aerospace 
  • Automobile
  • Electrical and electronics
  • Defense 
  • Industrial machinery
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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