Pune, India -- (SBWIRE) -- 04/03/2019 -- Our latest research report entitled Computer Aided Engineering (CAE) Market (by product type (finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics, optimization & simulation), end use (automotive, defense & aerospace, electronics, medical devices, industrial equipment)) provides complete and deep insights into the market dynamics and growth of Computer Aided Engineering (CAE). Latest information on market risks, industry chain structure Computer Aided Engineering (CAE) cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Computer Aided Engineering (CAE) growth factors.

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The forecast computer-aided engineering (CAE) market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Computer Aided Engineering (CAE) on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The global CAE market is expected to grow at a CAGR of 9.5% over the forecast period of 2017 – 2023.

Computer-Aided Engineering (CAE) Market: Industry Insights

Computer-aided engineering (CAE) is interactive and sophisticated computer software used to solve engineering problems. These tools are usually used to evaluate the strength of assemblies, performance, and components. CAE includes CAM (computer aided manufacturing) and CAD (computer-aided design). CAM is used for managing manufacturing processes whereas CAD is used for drafting and modeling designs.

Computer-Aided Engineering (CAE) Market: Drivers and Restraints

Rapid growth in automotive industries drives the growth of the CAE market. The use of CAE tool in automotive industries reduces the time and product development cost. CAE improves the comfort, durability, and safety of the vehicles. Rather using physical prototype testing, computer diagnosis is used for design verification. It decreases errors in drawing and design process. CAE tool is used in many fields such as verification and model updates for precise boundary conditions and loads in the automotive industry. This tool is also used for generating 3D and 2D models of the products. Further, the advanced technology used in the automotive industry such as semi-autonomous care and driverless is driving the CAE market. On the other side, the existence of open source software is restraining the growth of the CAE market. Besides, increasing acceptance of computational fluid dynamics, that helps in decreasing the cost of electric vehicles, is projected to generate a growth opportunity for the CAE market during upcoming years.

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Computer-Aided Engineering (CAE) Market: Segmentation

The global Computer-aided engineering (CAE) market is divided into product type and end use. On the base of product type the segment is classified into finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics, optimization & simulation. The FEA segment holds the largest market share in terms of revenue in 2018. It is a computational analysis methodology which helps in defining the strength of a product. It helps in examining problems related to mass transport, electromagnetic potential, heat transfer, and structural analysis. Further, based on end use the global CAE market is divided into automotive, defense & aerospace, electronics, medical devices, industrial equipment. Automotive segments dominated the market in 2018. The CAE software is used to evaluate the heat dissipation techniques such as aerodynamics, cooling, and ventilation.

Computer-Aided Engineering (CAE) Market: Regional Insights

Among the geographies, Asia Pacific dominated the growth of Computer-aided engineering (CAE) market followed by North America and Europe. In the Asia Pacific region due to increasing government initiatives for developing the manufacturing sector drives the growth for the CAE market. In North America region growing number of automotive industries boosts the growth of the market. Further in Europe region growing acceptance of advanced technology is fueling the growth of the CAE market.

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Computer-Aided Engineering (CAE) Market: Competitive Analysis

Some of the key players in Computer-aided engineering (CAE) market are Altair Engineering, Bentley Systems, Inc., ESI Group, Mentor Graphics Corporation, MSC Software Corporation, Exa Corporation, Dassault Systemes, Autodesk, Inc., Siemens AG, and ANSYS, Inc. In December 2018, Altair Engineering Inc. has completed the acquisition of Datawatch Corporation. Datawatch offers data intelligence with predictive analytics, enterprise data preparation and visualization solutions that drive the business analytics.