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Computer Aided Engineering (CAE) Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 161
  • SKU: IRTNTR43145
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The computer aided engineering (CAE) market share is expected to increase to USD 5.65 billion by 2026 at a CAGR of 12.65%. This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

The computer aided engineering (CAE) market report extensively covers market segmentation by product (FEA and CFD), end-user (automotive, aerospace and defense, electrical and electronics, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa).

The computer aided engineering (CAE) market report also offers information on several market vendors, including Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Cambashi Ltd., Ceetron AS, COMSOL AB, Dassault Systemes SE, ESI Group SA, Hexagon AB, NUMECA International, PTC Inc., Siemens AG, Simerics Inc., and Symscape among others.

What will the Computer Aided Engineering (CAE) Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Computer Aided Engineering (CAE) Market Size for the Forecast Period and Other Important Statistics

 

Computer Aided Engineering (CAE) Market: Key Drivers, Trends, and Challenges

The growth of the smartphone industry is notably driving the computer aided engineering (CAE) market growth, although factors such as lack of awareness among end-users about developments in CFD may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the computer aided engineering (CAE) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Computer Aided Engineering (CAE) Market Driver

  • One of the key factors driving the global computer aided engineering (CAE) market growth is the growth of the smartphone industry.
  • The global electrical and electronics industry is witnessing an increase in the production and demand for smartphones and tablets.
  • Consumers need web applications for purposes such as viewing multimedia content, browsing, and gaming, which are supported by smartphones with an enhanced HD viewing experience on a small screen and web surfing capabilities.
  • Smartphone and tablet providers adopt simulation software to analyze several parameters of product development. For instance;
    • ANSYS simulation software, including FEA, is used to analyze the structural weakness of a tablet casing and the effect of different casing materials on thermal management and IC performance and check for electronic signal performance.
  • Such factors will increase the demand for FEA software in the smartphone industry in the forecast years.

Key Computer Aided Engineering (CAE) Market Trend

  • Development of CAE solutions at the nano level is one of the key computer aided engineering market trends that is expected to impact the industry positively in the forecast period. 
  • The use of FEA solutions for biomedical applications is a major trend in the simulation and analysis market. For instance;
    • BIOVIA's (BIOVIA is a suite provided by Dassault Systèmes for research and study in the field of chemistry, biotechnology, and pharmaceuticals) solution for macroscale simulation is SIMULIA nanoscale simulations.
    • BIOVIA Materials Studio environment helps to model and visualize molecular-level information with mesoscale simulations.
  • Nanoscale simulations are widely used by R&D centers across the world, such as Eidgenössische Technische Hochschule (ETH) in Zurich.
  • High-performance computing is required in nano simulations. For instance, nanoscale simulations used by ETH for implementing the Hartree-Fock method require supercomputers such as Cray XT5.

Key Computer Aided Engineering (CAE) Market Challenge

  • One of the key challenges to the global CAE market growth is the lack of knowledge and awareness among users about the differences between traditional and modern CFD software.
  • Many manufacturers and engineers believe that CFD is useful only in the automotive, aerospace and defense, and electrical and electronics industries. This is one of the major reasons for the high revenue contribution from these industries to the CAE market.
  • The CFD software is used in all equipment and machinery that deal with fluids.
  • CFD can be used to analyze the reach of a sprinkler through simulation. It can also be used to calculate the amount of water sprinkled in a particular area in a particular time period.
  • The latest versions of the software have become cheaper than traditional CFD. However, they are still not affordable for many small-scale manufacturers.
  • Such factors may pose a major challenge for market growth in the coming years.

This computer aided engineering (CAE) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global computer aided engineering (CAE) market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the computer aided engineering (CAE) market during the forecast period.

Who are the Major Computer Aided Engineering (CAE) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Altair Engineering Inc.
  • ANSYS Inc.
  • Autodesk Inc.
  • Bentley Systems Inc.
  • Cambashi Ltd.
  • Ceetron AS
  • COMSOL AB
  • Dassault Systemes SE
  • ESI Group SA
  • Hexagon AB
  • NUMECA International
  • PTC Inc.
  • Siemens AG
  • Simerics Inc.
  • Symscape

 

This statistical study of the computer aided engineering (CAE) market encompasses successful business strategies deployed by the key vendors. The computer aided engineering (CAE) market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Altair Engineering Inc. - The company offers computer-aided engineering that is able to transform data from very large files into formats that allow further specialized analysis and visualization.
  • Altair Engineering Inc. - Through the software segment, the company offers software and related services. Software products offered by the company include solvers and optimization technology products, modeling and visualization tools, data analytics and analysis products, high-performance computing, software applications and hardware products, IoT platform, and analytics tools

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The computer aided engineering (CAE) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Computer Aided Engineering (CAE) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the computer aided engineering (CAE) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Computer Aided Engineering (CAE) Market?

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41% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for computer-aided engineering (CAE) in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growth of the electrical and electronics industry, followed by the growth of the automotive industry will facilitate the computer aided engineering (CAE) market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic severely affected the CAE market in this region. Governments of countries such as India, Bangladesh, South Korea, and Japan imposed nationwide lockdowns to stop the spread of the coronavirus. However, with the increasing vaccination rate and coverage, COVID-19-related restrictions were removed, and manufacturing units resumed their operations in 2021, leading to the rising usage of CAE. Thus, the demand for CAE is expected to increase, thereby leading to market growth in APAC during the forecast period.

What are the Revenue-generating Product Segments in the Computer Aided Engineering (CAE) Market?

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The computer aided engineering (CAE) market share growth by the FEA will be significant during the forecast period. FEA software helps minimize warranty and product return costs. High R&D investments will be the major factor contributing to the growth of the global FEA market in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the computer aided engineering (CAE) market size and actionable market insights on post COVID-19 impact on each segment.

 

Computer Aided Engineering (CAE) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 12.65%

Market growth 2022-2026

$ 5.65 billion

Market structure

Fragmented

YoY growth (%)

16.14

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 41%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Cambashi Ltd., Ceetron AS, COMSOL AB, Dassault Systemes SE, ESI Group SA, Hexagon AB, NUMECA International, PTC Inc., Siemens AG, Simerics Inc., and Symscape

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Computer Aided Engineering (CAE) Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive computer aided engineering (CAE) market growth during the next five years
  • Precise estimation of the computer aided engineering (CAE) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the computer aided engineering (CAE) industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of computer aided engineering (CAE) market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 25: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 27: Chart on Comparison by Product
      • Exhibit 28: Data Table on Comparison by Product
    • 5.3 FEA - Market size and forecast 2021-2026
      • Exhibit 29: Chart on FEA - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on FEA - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on FEA - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on FEA - Year-over-year growth 2021-2026 (%)
    • 5.4 CFD - Market size and forecast 2021-2026
      • Exhibit 33: Chart on CFD - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on CFD - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on CFD - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on CFD - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 37: Market opportunity by Product ($ million)

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 38: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on End-user - Market share 2021-2026 (%)
    • 6.2 Comparison by End-user
      • Exhibit 40: Chart on Comparison by End-user
      • Exhibit 41: Data Table on Comparison by End-user
    • 6.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 6.4 Aerospace and defense - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Aerospace and defense - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Aerospace and defense - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Aerospace and defense - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Aerospace and defense - Year-over-year growth 2021-2026 (%)
    • 6.5 Electrical and electronics - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Electrical and electronics - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Electrical and electronics - Year-over-year growth 2021-2026 (%)
    • 6.6 Others - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by End-user
      • Exhibit 58: Market opportunity by End-user ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 60: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 61: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 62: Chart on Geographic comparison
      • Exhibit 63: Data Table on Geographic comparison
    • 8.3 Europe - Market size and forecast 2021-2026
      • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.4 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 France - Market size and forecast 2021-2026
      • Exhibit 96: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.12 Japan - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 104: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 11.3 Altair Engineering Inc.
              • Exhibit 111: Altair Engineering Inc. - Overview
              • Exhibit 112: Altair Engineering Inc. - Business segments
              • Exhibit 113: Altair Engineering Inc. - Key offerings
              • Exhibit 114: Altair Engineering Inc. - Segment focus
            • 11.4 ANSYS Inc.
              • Exhibit 115: ANSYS Inc. - Overview
              • Exhibit 116: ANSYS Inc. - Business segments
              • Exhibit 117: ANSYS Inc. - Key news
              • Exhibit 118: ANSYS Inc. - Key offerings
              • Exhibit 119: ANSYS Inc. - Segment focus
            • 11.5 Dassault Systemes SE
              • Exhibit 120: Dassault Systemes SE - Overview
              • Exhibit 121: Dassault Systemes SE - Business segments
              • Exhibit 122: Dassault Systemes SE - Key news
              • Exhibit 123: Dassault Systemes SE - Key offerings
              • Exhibit 124: Dassault Systemes SE - Segment focus
            • 11.6 ESI Group SA
              • Exhibit 125: ESI Group SA - Overview
              • Exhibit 126: ESI Group SA - Business segments
              • Exhibit 127: ESI Group SA - Key news
              • Exhibit 128: ESI Group SA - Key offerings
              • Exhibit 129: ESI Group SA - Segment focus
            • 11.7 Hexagon AB
              • Exhibit 130: Hexagon AB - Overview
              • Exhibit 131: Hexagon AB - Business segments
              • Exhibit 132: Hexagon AB - Key offerings
              • Exhibit 133: Hexagon AB - Segment focus
            • 11.8 NUMECA International
              • Exhibit 134: NUMECA International - Overview
              • Exhibit 135: NUMECA International - Business segments
              • Exhibit 136: NUMECA International - Key offerings
              • Exhibit 137: NUMECA International - Segment focus
            • 11.9 PTC Inc.
              • Exhibit 138: PTC Inc. - Overview
              • Exhibit 139: PTC Inc. - Business segments
              • Exhibit 140: PTC Inc. - Key offerings
              • Exhibit 141: PTC Inc. - Segment focus
            • 11.10 Siemens AG
              • Exhibit 142: Siemens AG - Overview
              • Exhibit 143: Siemens AG - Business segments
              • Exhibit 144: Siemens AG - Key news
              • Exhibit 145: Siemens AG - Key offerings
              • Exhibit 146: Siemens AG - Segment focus
            • 11.11 Simerics Inc.
              • Exhibit 147: Simerics Inc. - Overview
              • Exhibit 148: Simerics Inc. - Product / Service
              • Exhibit 149: Simerics Inc. - Key offerings
            • 11.12 Symscape
              • Exhibit 150: Symscape - Overview
              • Exhibit 151: Symscape - Product / Service
              • Exhibit 152: Symscape - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 153: Inclusions checklist
                • Exhibit 154: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 155: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 156: Research methodology
                • Exhibit 157: Validation techniques employed for market sizing
                • Exhibit 158: Information sources
              • 12.5 List of abbreviations
                • Exhibit 159: List of abbreviations
              • -Identity and access management: This includes solutions that are used to set privileges to end-users based on their profiles to access company resources. IAM solutions are mainly used to restrict end-users from unauthorized access within and outside a company and to monitor end-users behavior in a network. o

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                The computer aided engineering (cae) market market growth will increase by $$ 5.65 bn during 2023-2026.
                The computer aided engineering (cae) market market is expected to grow at a CAGR of 12.65% during 2023-2026.
                Technavio has segmented the computer aided engineering (cae) market market by product (FEA and CFD) ,end-user (Automotive, Aerospace and defense, Electrical and electronics, and Others) , and geography (Europe, North America, APAC, South America, and Middle East and Africa).
                Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Cambashi Ltd., Ceetron AS, COMSOL AB, Dassault Systemes SE, ESI Group SA, Hexagon AB, NUMECA International, PTC Inc., Siemens AG, Simerics Inc., Symscape are a few of the key vendors in the computer aided engineering (cae) market market.
                APAC will register the highest growth rate of 41% among the other regions. Therefore, the computer aided engineering (cae) market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the computer aided engineering (cae) market market growth are:
                The computer aided engineering (cae) market market vendors should focus on grabbing business opportunities from the fea segment as it accounted for the largest market share in the base year.
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