Computer aided Engineering Market 2015-2021: Industry Size, Share, Trends and Forecast
Sarasota, FL -- (SBWIRE) -- 10/05/2016 -- Computer aided engineering (CAE) involves processes of solving engineering problems through the use of sophisticated and interactive graphical software. This software supports different tasks like validation, simulation, analysis, and manufacturing of engineering product. When CAE is incorporated with optimization systems, it allows for more computations than is possible by hand.
Computer aided engineering includes two major tools viz. computational fluid dynamics (CFD) and finite element analysis (FEA). CFD is a tool that analyzes the flow, interaction of liquids & gasses and pressure distribution turbulence with various structures. FEA is a technique used in engineering to evaluate the functionality of a certain product design. CAE tools help to companies for developing the safer product by avoiding huge costs of developing the prototype.
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The major driver for computer aided engineering (CAE) market is the availability of universal licenses. Also, growing trend of smart phones and tablets are expected to boost the growth of this market. The major advantages offered by integrated CAE tools are the reduction of product life cycle time and product analysis time to get better efficiency.
The major challenge for this market is piracy of the software. Lack of skilled labor and technical expertise is expected to slow down market growth over the forecast period. High maintenance and license expenses may also restrict market growth in coming years. Nonetheless, small and medium enterprises are predicted to fuel the growth of CAE market in the years to come. Asia Pacific is anticipated to be the key regional market owing to the emergence of many manufacturing industries.
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The study provides a decisive view on the computer aided engineering (CAE) market by segmenting the market on the basis of product type, user, and region. On the basis of type, the market is classified into Finite Element Analysis (FEA) and Computational Fluid Dynamics (CFD). By user, the market is bifurcated into aerospace, automobile, defense, electrical, electronics and Industrial machinery segments. The regional segmentation includes the current and estimated demand for Asia Pacific, North America, Middle East and Africa, Europe, and Latin America.
North America is estimated to account for a significant share of the CAE market in 2015 which is followed by Asia Pacific. Due to the emergence of several manufacturing industries CAE market is growing vastly in this region.
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Major players in the CAE market include ANSYS Inc., Dassault Systemes, CD-adapco Siemens PLM Software, Bentley Systems, ESI Group, Mentor Graphics Corporation, Numeca International MSC Software, Altair Engineering, AspenTech, Computational Engineering International Inc., Exa Corporation, Flow Science, and NEi Software among others.
Computer Aided Engineering: Product Segment Analysis
Finite Element Analysis (FEA)
Computational Fluid Dynamics (CFD)
Computer Aided Engineering: End-User Segment Analysis
Electrical and electronics
Computer Aided Engineering: Regional Segment Analysis
Middle East and Africa
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