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Global Computer Aided Engineering (FEA, CFD, Multibody Dynamics, Optimization and Simulation) market report 2021-2028 – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The report “Global Computer Aided Engineering Market Size, Share and Trend Analysis Report by Type (FEA, CFD, Multibody Dynamics, Optimization and Simulation), by Deployment Model, by end use and segment forecast, 2021-2028 ”has been added to ResearchAndMarkets.com offer.

The global computer aided engineering market size is expected to reach USD 16.19 billion by 2028 and is expected to grow at a CAGR of 9.1% from 2021 to 2028.

The rapid growth of the clothing industry is likely to increase the use of computer aided engineering (CAE) software in the electronics industry. The main players in the market are looking for new sources of income as the smartphone market is in the mature phase. As a result, the demand for wearable technology has increased the demand during the forecast period.

The growing penetration of Internet of Things (IoT), tablets and smartphones is expected to drive the growth of the CAE market. Due to the growth of IoT, wearable devices, used in the fields of medicine, fitness, transportation, education, entertainment and games, are on the increase; paving the way for the growth of the CAE market. The miniaturization of electronic devices and sensors and convincing connectivity with reduced costs have contributed immensely to the growth of wearable technological devices.

Government regulations mandating applications such as collision avoidance, parking assistance systems, wireless communication technology, and interactive infotainment systems, in upcoming automotive technologies to increase driver safety, are expected. increase demand for CAE software. In addition, technological advancements in the automotive sector, including driverless cars and semi-autonomous cars, are expected to further boost industry demand.

New emerging engineering modes such as 3D printing, building information modeling and concurrent engineering are likely to influence the CAE market. 3D printing is a form of additive manufacturing that allows users to print any object as a 3D image. Technology helps reduce production costs and develop new production methods. Ease of use and unlimited customization capabilities are the key factors driving the 3D printing market which is further expected to positively impact the growth of the market.

Dominant open source software is expected to dampen the growth of the market during the forecast period. They are available free on the web; however, vendors charge for support, customization, and maintenance services. Linux has dominated the open architecture software market. Open source software has been a boon for small software companies, due to which large companies have faced negative impacts. The main drivers of open source technology are minor flaws and bugs that can be tested and fixed immediately.

Highlights of the Computer Aided Engineering Market Report

  • Protecting software intellectual property is crucial, as most modern manufacturing companies rely on computer technology

  • Computational Fluid Dynamics Segment is expected to experience high CAGR during the forecast period

  • Testing and simulation are important aspects of a design cycle that help end users achieve profitability and speed to market.

  • On-premise segment dominated the market in terms of revenue in 2020 and is expected to remain dominant during the projected period

  • Simulation software is used to analyze the effect of package materials on integrated circuit performance, thermal management, and electrical signal performance.

  • The growing adoption of lithium-ion batteries in consumer electronics applications will also increase industry demand over the projected period.

  • Asia-Pacific and South America regions set to become lucrative regional markets during forecast period with high CAGRs

  • The main players in the market are Siemens AG, Exa Corporation, MSC Software Corporation and ESI Group

Market dynamics

Market driver analysis

  • The emergence of 3D printing

  • New pricing model and cloud-based software as a service (SaaS)

Analysis of market constraints

Analysis of market opportunities

Companies mentioned

  • ANSYS, Inc.

  • Altaïr Engineering

  • Autodesk, Inc.

  • Bentley Systems, Inc.

  • Dassault Systèmes

  • ESI Group

  • Exa Company

  • Mentor Graphics Corporation (a subsidiary of Siemens AG)

  • MSC Software Corporation (a subsidiary of Hexagon AB)

  • Siemens AG

For more information on this report, visit https://www.researchandmarkets.com/r/58cmd6


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