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Worldwide Demand For Computer Aided Engineering Is Grow At An Impressive 7% CAGR Through 2029| Fact.MR Forecasts

The global computer aided engineering market will grow 2.4X during the forecast period (2019-2029).

ROCKVILLE, MARYLAND, UNITED STATES, July 26, 2022 / — Computer Aided Engineering Market By Type (Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics), By Deployment (On- premise, Cloud-based), By End Use (Retail Automotive, Electronics, Industrial Equipment) & Region – Forecast to 2029

With a multi-disciplinary approach, Fact.MR explains an extensive analysis of the historical, current and future outlook of global Computer Aided Engineering as well as the factors responsible for such growth. Our highly dedicated professionals input critical and accurate insights relevant to each industry, and region by conducting thorough primary and secondary research.

We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding Computer Aided Engineering. To enhance the readers’ experience, the report begins with a basic overview of Computer Aided Engineering and its classification.

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Key Takeaways in Computer Aided Engineering Market Study

Europe leads the global sales with more than 1/3 share of the total market value. The presence of major automotive manufacturers is leading to high growth in this region.
South Asia and Oceania offer the most profitable growth opportunities with double-digit growth rates of more than 10% CAGR. The budding ecosystem of smart devices raises the need for computer aided engineering for the development of new products.
Automotive applications account for more than 50% of the total market revenue. The 7% CAGR growth in this market can be attributed to the increasing demand for sustainable manufacturing.
On-premise computer aided engineering is the most widespread type of deployment. The segment accounts for over 70% market value share and is poised to grow at an impressive 7% CAGR during the forecast period.
Cloud based computer aided engineering is gaining increasing consumer traction on the back of cost reduction, and increased accessibility of Computer Aided Engineering products based on subscription models.
Finite Element analysis (FEA) shows full dominance with more than 55% market value share. The segment is expected to grow at a robust 7% CAGR during the forecast period.
Computational fluid dynamics (CFD) has witnessed increasing demand from electric vehicle manufacturers. CFD is an ideal method for designing, testing, and conducting conceptual improvements in electric vehicle batteries. The segment is expected to grow at 8% CAGR till 2029.

Prominent Key Players In Computer Aided Engineering Market Survey Report:

ESI Group
Siemens AG
Hexagon AB
Exa Corporation
Bentley Systems Inc.
Dassault Systems
Autodesk Inc.
Altair Engineering
3D Systems Corp

Global Computer Aided Engineering Market: In-Depth Assessment of Key Segments
The global computer aided engineering market is segmented on the basis of application, services, end use and region.

By Type:
Finite Element Analysis (FEA)
Computational Fluid Dynamics (CFD)
Multibody Dynamics
Optimization and Simulation

By Deployment:

In End Use:
Defense and Aerospace
Medical Devices
Industrial Equipment

By Region:
North America
Latin America
East Asia
South Asia and Oceania
Middle East and Africa

What insights does the Computer Aided Engineering Market report provide to the readers?

Computer Aided Engineering segmentation based on product type, end use, and region.
Comprehensive assessment of upstream starting materials, downstream demand, and current market landscape.
Collaborations, R&D projects, acquisitions, and product launches of each Computer Aided Engineering player.
Various regulations imposed by governments on the consumption of Computer Aided Engineering in detail.
Impact of modern technology, such as big data and analytics, artificial intelligence, and social media platforms on global Computer Aided Engineering.

The report contains the following Computer Aided Engineering Market insights and assessments that will be helpful for all participants involved in the Computer Aided Engineering market:

Data on recently introduced regulations and their impact on key industries and the demand for Computer Aided Engineering
Latest Industry Analysis of Computer Aided Engineering Market, with key analysis of market drivers, trends, and influencing factors
Key trends Analysis of the Computer Aided Engineering Market and changing consumer preferences in major industries.
The changing demand of Computer Aided Engineering and consumption of various products
The main trends that promote the financing of the main investors in many countries
New investment opportunities in different technologies and types of products or services
Comprehensive data and Competitive analysis of Computer Aided Engineering major players
Sales of the Computer Aided Engineering Market in the US will grow at a steady pace, driven by growing consumer confidence and economic recovery
The Computer Aided Engineering demand forecast in Europe remains strong, as many countries such as the UK, France, and Germany focus on improving growth.

The question answered in the Computer Aided Engineering Market report includes:

How is the market for Computer Aided Engineering growing?
What is the current and future outlook for global Computer Aided Engineering based on region?
What are the challenges and opportunities for Computer Aided Engineering?
Why is the consumption of Computer Aided Engineering highest in the region?
What year is the share expected to reach?

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Truth. MR
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