Global Computer-Aided Engineering Market to Grow at 10.6% During 2022-2027, Impelled by Increasing Adoption of Cloud-Based Computing

October 12, 2020

According to the latest report by IMARC Group, titled "Computer-Aided Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global computer-aided engineering market reached a value of US$ 8.4 Billion in 2021. Computer-aided engineering (CAE) involves the usage of sophisticated and interactive computer software to facilitate engineering analysis tasks. It is widely used to simulate performance using virtual tools in an attempt to improve product designs and resolve engineering problems. It is also utilized to assess the performance and robustness of assemblies and components by replicating the product’s physical properties and conducting thermal/ finite element analysis and optimizations. Since this process eliminates the requirement of building physical prototypes in its early developmental stages, it offers quicker processing and aids numerous end users in achieving their goals faster than expected. Consequently, CAE finds extensive applications across numerous industry verticals, such as energy, aerospace, automotive, electronics and healthcare.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Computer-Aided Engineering Market Trends:

The market is primarily driven by the growing adoption of cloud-based computing instead of on-premise computing solutions across various industries. The use of cloud computing leads to the elimination of hardware acquisition and software licensing, installation and support, thereby minimizing overall costs. This has considerably increased the deployment of CAE software across various organizations. There has also been a rise in the integration of computer-aided drafting (CAD) with CAE to assist in calculating stress distribution and deformations in a product without influencing the modeling process. The market is further driven by the increasing penetration of smart and wearable devices across the globe, supported by the miniaturization of sensors and electronic devices and their reducing selling prices. Apart from this, governments of numerous countries have mandated the installation of multiple advanced technologies, including parking assistance systems, collision avoidance systems and wireless communication technology, in the latest models of various automobiles. This, coupled with the launch of driverless and semi-autonomous cars, is expected to facilitate the uptake of CAE services. Some of the other factors contributing to the market growth include the emergence of 3D printing and the increasing mergers and acquisitions (M&A) by original CAE providers and resellers as a key strategy to expand their market presence. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 10.6% during 2022-2027.

Market Summary:

  • On the basis of the type, the market has been divided into finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics, and optimization and simulation.
  • Based on the deployment type, the market has been bifurcated into on-premises and cloud-based.
  • On the basis of the end-use industry, the market has been classified into automotive, defense and aerospace, electronics, medical devices, industrial equipment, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the industry has been examined in the report with the detailed profiles of the key players. Some of these players include Altair Engineering, Inc., ANSYS, Inc., Aspen Technology Inc., Autodesk, Inc., BenQ Asia Pacific Corp., Bentley Systems, Inc., Casio Computer Co., Ltd., Dassault Systèmes, ESI Group, Exa Corporation, Mentor Graphics Corporation, MSC Software Corporation, NUMECA International, Seiko Epson Corporation, and Siemens Digital Industries Software.
     

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Computer-Aided Engineering Market to Grow at 10.6% During 2022-2027, Impelled by Increasing Adoption of Cloud-Based Computing
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More