Computer Aided Engineering Market Size, Share, Growth, Analysis and Forecast 2025

The global Computer Aided Engineering (CAE) Market size was valued at USD 5.23 billion in 2015 and is projected to reach USD 12.8 billion by 2025. Global Computer Aided Engineering (CAE) market is expected to observe steady growth owing to increasing the need for collective product improvement. Computer-aided engineering application has the provision to undertake various tasks which include analysis, validation, simulation, and manufacturing of engineering goods. The convenience of worldwide licenses is expected to be a major driving factor for market growth over the forecast period. Global licenses help industry players to provide computer-aided engineering applications at a standardised fee. It also makes them easy to decide billing related to support and service offerings. Application of integrated CAE tools results in a reduction in product analysis time and product life cycle time. This helps in improving the overall efficiency.

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Increasing usage of martphones and tablets is expected to propel the market growth. The demand for CAE tools is expected to rise owing to its adoption in non-traditional fields including government institutions and consumer durables. Features including customer support, ownership cost, functionality, and quality of the CAE tools are expected to boost the industry growth. Machines have been rated out of data on account of rapid change in technology and new product. In order to achieve a competitive edge, market players are determined to make extensive investments in research and development.

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Cloud-based CAE solution provides great opportunities and is anticipated to boost the market growth over the forecast period. Open source CAE tools are mostly preferred by small and medium enterprises owing to huge investments for exclusive licenses. Cloud-based tools have enabled industries to enhance their market reach in small and medium sectors offering advantages including low operating costs, maintenance costs, and company mobility.

Further, pay-per-use billing techniques are expected to leverage the CAE market growth over the forecast period. Lack of technical proficiency and shortage of trained labour force is expected to hamper market growth over the forecast period. Organisations are expected to hesitate in making high investments for CAE licenses owing to the presence of open source solutions. Counterfeit software is a threat to the CAE market players. Extreme competition is expected to affect market players resulting in the reduction of profit margins and rise in operational expenditures. High maintenance and license costs offer challenges for overall market growth.

CAE market is segmented on the basis of product design which includes computational fluid dynamics (CFD) and finite element analysis (FEA). Finite element analysis finds its application in the assessment of given product design before its model is formed is done using finite element analysis. Computational fluid dynamics include analysis of engine movement, pressure measurement, and studying liquid and gases with various structures. CAE market is also segmented on the basis of end-user application which includes aerospace, defence, automobile, electronics, and industrial machinery. CAE tools have assisted organisations in aerospace and automobile sectors to develop safer product along with avoiding huge expenditures of developing prototype model.

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Asia Pacific leads the market and the trend is anticipated to continue owing to the presence of a large number of manufacturing industries adopting CAE tools. Regional demand is followed by North America and Europe on account of high concentration of automated manufacturing industries. Increasing adoption of CAE tools among SME is expected to drive the overall regional demand may drive the CAE market in Latin America. Africa has been witnessing a slow growth owing to the absence of advanced manufacturing processes.

Major players in the CAE market include Dassault, ANSYS, Siemens PLM Software, MSC Software, Altair Engineering, ESI Group, Mentor Graphics, Computational Engineering International, Bentley Systems, Exa Corporation, Numeca International, NEi Software and Flow Science. Merger and acquisition have been a common trend observed in recent years. Companies try to expand their geographical reach as well as product portfolio through these merger strategies. Organisations have been concentrating on research and development for continuous improvement of their products. This is very essential to make themselves compatible with the growing machine technology. In June 2015, ANSYS acquired Gear Design Solutions. The collaboration of technology of both these companies is expected to assist ANSYS in providing simulation structure to the electronic and semiconductor market.

Dassault entered into collaboration with Safran Group in June 2015 to develop competency in the virtual authentication of the chemical manufacturing process. Siemens PLM got hold of LMS International in December 2012 to enhance its industry software portfolio. In March 2015, Bentley System incorporated EADOC which offers manufacturing management cloud services to provide real-time control into a cost and enhanced information value.

Bentley System also acquired Acute3D in February 2015 to increase its product portfolio. Similarly, Siemens PLM Software acquired Camstar to increase its product offering to cater to the needs of a completely integrated digital enterprise solution.

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