Computer-aided
engineering or CAE is the use of computer software to imitate performance in
order to get better product designs or aid in the resolution of engineering
problems for an extensive range of industries. It is used to analyze, design,
and manufacture products & processes. This software offer various advantages
such as understand the performance implication, managing risk of engineering
teams, performance insights earlier in the development process, ensures that
the product come out with higher quality, reduce the cost of production and
better durability and many more.
According
to study, “Global CAE Software Market Size
study, by Type (Finite Element Analysis (FEA), Computation Fluid Dynamic (CFD),
Multi Body Dynamic, Optimization & Simulation), by Application (Machine
Tool Industry, Automobile & Train Industry, Shipbuilding Industry,
Aerospace & Defence Industry, Oil & Gas, Others) and Regional Forecasts
2018-2025”
some of the major companies that are currently working in the global CAE
software market are Siemens PLM Software, Bentley Systems Inc., Zumtobel, Dassault
Systems, ANSYS Inc., MSC Software Corp., BEMO, Panasonic Solar, Hexagon AB, Graphisoft,
Applied Math Modeling, PTC, Alatir Engineering, MILLS, Mentor Graphics
Corporation, ZW Software Co. Ltd., COMSOL Multiphysics, ESI Group, BETA CAE
Systems, EXA Corp., Supcompute, Ceetron, Autodesk Inc., NUMECA, Core Tech
Systems, Magma, Yuanjisuan, Toray Engineering.
Based
on the type, the global CAE market is segmented into Computation Fluid Dynamic
(CFD), Finite Element Analysis (FEA), optimization & simulation and multi
body dynamic. CFD analyzes turbulence, pressure distribution, flow and
interaction of liquids & gases with dissimilar structures. FEA software
helps to calculate the functionality of a particular product design even before
its sample is produced. Based on the product type, the market is breakdown into
mono functional and multi functional. Based on the application, the market is
defined as automobile & train industry, machine tool industry, oil &
gas, aerospace & defense industry, ship building industry and others.
The
global CAE software is primarily driven by rising technological advancements (driverless
cars & semi-autonomous cars), followed by the rapid growth in wearable
industry, increase in mandate of applications (collision avoidance, wireless
communication technology, parking assistance systems, and interactive
infotainment systems), emerging new engineering modes (building information
modeling, 3D printing, concurrent engineering) and government regulations. However,
the major restraining factor is the presence of open source software, which impacting
market growth.
The
North American region holds the major share of global CAE market on an account
of rise in the number of smart-phone industry. European region is contributing
a reasonable share in the growth of the market. Additionally, the Asia-Pacific region
is also estimated to grow substantially owing to different manufacturing
sectors. In addition the Middle East & Africa region to broader recognition
of product lifecycle management tactics through companies has powered up the
necessity of global CAE Software market and it is expected that the global CAE
market to reach at US $12.8 billion, by 2025. In the upcoming years, it is
predicted that the market to develop due to growing penetration of IoT, smart-phones
& tablets.
For more information on the research report, refer to
below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
