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Computer Aided Engineering (CAE) Global Market Report 2022: Trend towards Outsourcing of Manufacturing Processes to Emerging Economies Fuels Demand for CAE Solutions – ResearchAndMarkets.com


DUBLIN-(BUSINESS WIRE)-The report “Computer Aided Engineering (CAE)-Global Market Trajectory & Analytics” was added to ResearchAndMarkets.com by offering.

The global market for Computer Aided Engineering (CAE) estimated at US $ 5.2 Billion by 2020, is expected to reach a revised size of US $ 8.7 Billion by 2026, growing at a CAGR of 9.1% in analysis period.

The Global Computer Aided Engineering (CAE) Market to Reach $ 8.7 Billion by 2026

Computer-aided engineering (CAE) refers to the use of computer and software solutions to design, analyze and create processes and products. CAE broadly includes computer aided design (CAD) as well as computer aided manufacturing (CAM) capabilities to provide assistance in engineering analysis processes.

The market has benefited greatly from the rapid shift from making the West to cheaper destinations in the East. Market growth is mainly focused on emerging economies, where the popularity of CIM or Computer Integrated Manufacturing is growing.

The continued decline in CAE software prices and licensing fees will also stimulate market growth. Cloud computing lowers licensing, deployment as well as maintenance costs, which is likely to expand the market. The companies also use advanced technologies such as machine learning and artificial intelligence for the manufacture of advanced CAE equipment.

US Market Estimated to Reach $ 1.7 Billion by 2021, While China Predicted to Reach $ 1.1 Billion by 2026

The US Computer Aided Engineering (CAE) market is estimated to be US $ 1.7 Billion by 2021. China, the world’s second largest economy, is estimated to reach a projected market size of US $ 1.1 Billion by 2026 which followed a CAGR of 11.5% at the time of analysis. Among other key geographic markets are Japan and Canada, each forecast to grow by 7.6% and 8.7% respectively during the analysis period. Within Europe, Germany is estimated to grow at an estimated 8.2% CAGR. North America and Europe are the leading regions led to increase automation in the manufacturing sector. The presence of major automotive manufacturers in countries such as Russia, Germany and Romania has also driven the growth of the market for CAE in Europe. The growth in the Asia-Pacific region is primarily due to the steady rise of large end-to-end industries. Another notable factor driving growth is the growing penetration of automation in the region’s manufacturing industries.

Select Competitors (Total 248 Shown) –

  • Altair Engineering, Inc.

  • SimuTech Group

  • Dassault Systemes SE

  • Dell Inc.

  • ESI Group

  • Hexagon AB

  • Mentor Graphics, Inc.

  • NEC Display Solutions, Ltd.

  • Numeca International

  • Siemens Industry Software Inc.

  • Simerics Inc.

  • Symscape

  • Synopsys, Inc.

Top Topics:

I. PROCEDURE

II. EXECUTIVE SUMMARY

1. END OF THE MARKET

  • Insights into the Influencer Market

  • World Market Trajectories

  • Impact of the COVID-19 Pandemic and the looming Global Recession

  • Pandemic Crisis Weakens World Economy, Sparks Negative GDP Growth

  • Global Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021

  • Industrial Activity to Remain Defeated in the Immediate Term

  • Global PMI Index Points for the Years 2018, 2019 & 2020

  • Computer Aided Engineering (CAE): A Prelude

  • CAE software

  • Global Market Prospects and Perspectives

  • Finite Element Analysis (FEA) Segment Leads the Global Market

  • Cloud Deployment Model to See High Growth

  • The Automotive Industry Has Emerged as a Leading End -Use Segment

  • Developed Regions Lead, Growing Economies to Lead Future Growth

  • Competition

  • World brands

  • New Market Activity

  • Computer Aided Engineering (CAE) – Global Key Competitors Market Share Percentage by 2022 (E)

  • Competitive Market Presence – Strong / Active / Niche / Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECTED PLAYERS

3. MARKET TRENDS & DRIVERS

  • Trend Towards Outsourcing Manufacturing Processes to Emerging Economies Fueling the Demand for CAE Solutions

  • Benefits of Integrated CAE Software Solutions to Reduce Prototyping Cost & Product Recalls

  • Finite Element Market Analysis: Preparing for Healthy Growth

  • Growing Use of Computational Fluid Dynamics Auurs Good for the Market

  • Increasing Adoption of 3D Printing Augurs Well for CAE Market

  • Global 3D Printing Market Size (in US $ Billion) for the Years 2019, 2022 and 2025

  • The Cloud Deployment Model Continues to Gain Traction in the CAE Market

  • Adopting Hyper-Converged Infrastructure (HCI) Platform for Private Clouds Is Good for the Market

  • CAE simplifies Engineering Design

  • Expanding the Role of CAE in Product Development

  • The Automotive Industry Leads the CAE Market

  • Recovery of Automotive Industry Post COVID -19 to Support Demand

  • World Vehicle Production in Million Units: 2008-2022

  • While Short-term Outlook Remains Challenged by Pandemic, Aerospace Sector Prepares to Witness Healthy Growth in the Long Term

  • Adoption of Advanced Technologies in the Electronics Industry Presents Opportunities for the CAE Software Market

  • Virus Leading Economic Recession Affects Current Prospects for Electronics Industry

  • Supply Chain Disruptions Affect Large Numbers of Electronic Manufacturers: % Share of Companies Affected by Supply Chain Delays Due to COVID-19 Worldwide in May 2020

  • The rapid breakdown in consumer confidence is holding back hopes for a quick recovery: points on the global confidence index for 4Q2019, 1Q2020 and 2Q2020

  • Efficient Advantages of Increasing Demand for CAE Solutions in Medical Imaging

  • CAE’s AI to Meet the Challenges of Engineering Processes

  • Value Added Resellers (VAR) Positively Affect CAE Market in Various End-Use Industries

  • Challenges Facing the CAE Market

  • Availability of Open Source Software Restricts CAE Market Growth

4. GLOBAL MARKET PERSPECTIVE

For more information on this report visit https://www.researchandmarkets.com/r/nqq099



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