Global Computer Aided Engineering Market Overview and Insights:
According to MarkNtel Advisors Report, Global Computer Aided Engineering Market projected to grow at a CAGR of around 9.1% during the forecast period, i.e., 2023-28.
Computer Aided Engineering Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Time Period Captured in the Report:
Historical Years: 2018-21
Base Years: 2022
Forecast Years: 2023-28
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Key Opportunity: Shift from On-Premise to Cloud Deployment Models
Cloud-based CAE helps reduce costs related to hardware acquisition, software licensing, installation, & support and allows for quick distribution, minimal maintenance costs, and enhanced scalability. When offered as SaaS (Software-as-a-Service), it can also provide application-specific solutions to users. Due to these capabilities, cloud-based CAE is witnessing high demand worldwide, wherein several companies are even deploying HCI (Hyper-Converged Infrastructure) platforms to develop a private cloud for attaining advanced computation & storage services. Hence, these aspects indicate a lucrative future for the Global Computer Aided Engineering Market during 2023-28.
Who are the Key Players Operating in the Computer Aided Engineering Industry?
The top companies of the Computer Aided Engineering market ruling the industry are:
- Altair Engineering Inc.
- ANSYS, Inc.
- Autodesk Inc.
- Aveva Group
- Bentley Systems, Inc.
- Dassault Systemes
- ESI Group
- Hexagon AB
- Siemens AG
- SimScale GmbH
- Cambrio
- Waterloo Hydrogeologic
- The MathWorks, Inc.
- Aspen Technology Inc
- Cadence Design Systems, Inc
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What is Included in Computer Aided Engineering Market Segmentation?
The report has segmented the market into the following categories:
-By Type
- Finite Element Analysis
- Computational Fluid Dynamics
- Thermal Analysis
- Multibody Dynamics
- Others (Mechanical Event Simulation, etc.)
Of them all, Finite Element Analysis (FEA) is projected to dominate the Global Computer Aided Engineering Market with the largest share during 2023-28. FEA is a computational analysis methodology that helps identify the product’s strength with respect to the loading. It simulates actual components to analyze problems associated with structural analysis, heat transfer, mass transport, and electromagnetic potential while facilitating time-constrained simulation for aerospace manufacturing. With benefits like real-life simulation & control, excellent accuracy, easy access, prevention of future failures, as well as prediction of product performance, FEA is witnessing increasing application in critical structure engineering and, in turn, stimulating the growth of the Global Computer Aided Engineering Market.
-By Deployment Model
- On-Premise
- Cloud
-By End User
- Automotive
- Medical Devices
- Industrial Equipment
- Defense & Aerospace
- Electronics
- Others (Energy, Consumer Goods, etc.)
Geographical Analysis:
-By Region
- North America
- South America
- Asia-Pacific
- Europe
- Middle East & Africa
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