Computer Aided Engineering (CAE) Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR43145

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The computer-aided engineering (CAE) market has the potential to grow by USD 3.57 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.33%.

This computer-aided engineering market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this 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 MEA). The report also offers information on several market vendors, including Altair Engineering Inc., ANSYS Inc., and Dassault Systemes SE, among others.

What will the Computer-Aided Engineering (CAE) Market Size be in 2021?

Computer-Aided-Engineering-(CAE)-Market-Market-Size-2020-2025

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

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth of the smartphone industry is notably driving the computer-aided engineering market growth, although factors such as lack of awareness among end-users about developments in CFD may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the computer-aided engineering industry get your FREE report sample now.

  • The growth of the smartphone industry is one of the significant factors driving computer-aided engineering market growth.
  • With the changing consumption patterns, the demand for tablets and smartphones has increased significantly in the last five years.
  • Smartphone and tablet providers are using new technologies, hardware, and software to launch innovative products in the market.
  • They adopt the simulation software to analyze several parameters of product development.
  • 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. This has increased the demand for FEA software in the smartphone industry.
  • The increasing requirements for large-scale project management will fuel the growth of the computer-aided engineering market size.
  • One of the main factors that drive the adoption of building information modeling solutions is the rising demand for large-scale project management.
  • Currently, organizations are focusing on cultivating and managing the resources necessary for efficient product outputs, which increases the requirements for efficient solutions for large-scale construction project management.
  • The primary purpose of building information modeling solutions is to automate processes to ensure maximum outputs by managing resources and maintaining a regular follow-up.
  • The main benefits of employing building information modeling solutions in large-scale project management are process management, projecting profitability, and automation

This computer-aided engineering market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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.
  • Dassault Systemes SE
  • ESI Group
  • Hexagon AB
  • NUMECA International
  • PTC Therapeutics Inc.
  • Siemens AG
  • Simerics Inc.
  • Symscape

 

The CAE market is fragmented and the vendors are deploying growth strategies such as investing in advanced technologies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the computer-aided engineering market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

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

Computer-Aided-Engineering-(CAE)-Market-Market-Share-by-Region-2020-2025

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39% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for computer-aided engineering in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growth of the electrical and electronics industry and the automotive industry will facilitate the CAE market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Computer-Aided-Engineering-(CAE)-Market-Market-Share-by-Product-2020-2025

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The computer-aided engineering market share growth by the FEA segment will be significant during the forecast period. FEA software helps develop virtual prototypes of products that are designed to carry out the simulations and thus helps reduce the costs involved in designing a physical prototype. It also helps minimize the warranty and product return costs. High R&D investments are among the major factors contributing to the growth of the FEA market.

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

 

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive computer-aided engineering market growth during the next five years
  • Precise estimation of the 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 industry across Europe, North America, APAC, South America, and MEA
  • 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 market vendors

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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.

INFORMATION 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

DATA 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

REPORT 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 growth will increase by $4272.73 million during 2019-2024.
The computer aided engineering (cae) market is expected to grow at a CAGR of 11.23% during 2019-2024.
Technavio has segmented the computer aided engineering (cae) market by product (FEA and CFD) and geographic (Europe, North America, APAC, and South America).
Altair Engineering Inc., ANSYS Inc., Dassault Systemes SE, ESI Group, Hexagon AB, NUMECA International, PTC Therapeutics Inc., Siemens AG, Simerics Inc., Symscape are a few of the key vendors in the computer aided engineering (cae) market.
APAC will register the highest growth rate of 34.47% among the other regions. Therefore, the computer aided engineering (cae) 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 growth are:
  • Growth of the smartphone industry
  • Technological advances
The computer aided engineering (cae) 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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