Computer Aided Engineering (CAE) Market Size to Grow by 5.65 billion, FEA to be Largest Revenue-generating Product Segment – Technavio – QNT Press Release


NEW YORK, Nov. 16, 2022 /PRNewswire/ — The “Computer Aided Engineering (CAE) Market by Product (FEA and CFD), End-user (Automotive, Aerospace and Defense, Electrical and Electronics, and Others), and Geography (Europe, North AmericaAPAC, South Americaand Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the computer engineer aided ( CAE) market size between 2021 and 2026 is USD 5.65bn.To get the exact yearly growth variance and the YOY growth rate, Request a FREE PDF Sample Report.

Market Segmentation

The FEA segment will be a significant contributor to market growth during the forecast period. High R&D investments will be the major factor contributing to the growth of the global FEA market during the forecast period. FEA software helps reduce warranty and product return costs. It min also helps warranty and product return costs. R&D investments are used to purchase new technologies, hardware, software, and services for the development of new and innovative products. Companies across the key regions invest heavily in R&D to develop new and innovative equipment and to comply with the standards set by the regulatory bodies or governments of different countries. During the forecast period, the market will be driven by the availability of cloud-based FEA solutions, which are cost-effective for the end-users. The adoption of cloud-based FEA solutions will increase among end-users in the key regions during the forecast period because of their benefits, such as flexibility and scalability.

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APAC will be the leading region with 41% of the market’s growth during the forecast period. The US is the key country for the computer aided engineering (CAE) market in APAC.

View our FREE PDF sample report for additional insights into the contribution of all the segments and regional opportunities in the report.

Some Companies Mentioned with their Offerings

  • Altair Engineering Inc. – The company offers computer aided engineering that is able to transform data from very large files into formats that allow further specialized analysis and visualization.
  • ANSYS Inc. – The company offers computer aided engineering that includes 3D designs, acoustic simulation, and safety analysis
  • Dassault Systemes SE – The company offers computer aided engineering that provides businesses with virtual universes to imagine sustainable innovations.
  • ESI Group SA – The company offers computer aided engineering that provides virtual replication of product development, testing, and manufacturing with simulations.
  • Hexagon AB – The company offers computer aided engineering that enables analysts to simulate product and process performance in finite element analysis, computational fluid dynamics and multi body dynamics, as well as providing cost estimation and design optimization tools.
  • Autodesk Inc.
  • Bentley Systems Inc.
  • Cambashi Ltd.
  • Ceetron AS
  • COMSOL AB
  • NUMECA International
  • PTC Inc.
  • Siemens AG
  • Simerics Inc.
  • Symscape

This report provides a full list of key vendors, their strategies, and latest developments. Buy Now for detailed information about vendors

Key Market Dynamics

The growth of the smartphone industry and increasing requirements for large-scale project management are some of the key market drivers. However, factors such as lack of awareness among end-users about developments in CFD will challenge market growth.

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Computer Aided Engineering (CAE) Market Scope

Report Coverage

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 12.65%

Market growth 2022-2026

USD 5.65 billion

Market structure

Fragmented

YoY growth (%)

16.14

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 41%

Key consumer countries

Full story available on Benzinga.com



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