Global CAE
(Computer Aided Engineering) Market is anticipated to reach USD
12.8 billion by 2025, according to a new report by Grand View Research,
Inc. Rapid growth of wearable industry is likely to increase the use of CAE
software in the electronics industry. The major players in the market are in
search for new sources for revenue as the smartphone market is in the maturity
stage. As a result, the demand for wearable technology has increased the demand
over the forecast period.
The growing penetration of IoT, tablets, and smartphones are
expected to boost the CAE market growth. Owing to the growth of IOT, wearable
devices, used in the fields of medicine, fitness, transportation, education,
entertainment, and gaming, are increasing; paving way for growth of the CAE
market. Miniaturization of electronic devices and sensors and persuasive
connectivity with lowered costs have immensely contributed to the growth of
wearable technology devices.
Governments regulations, mandating applications, such as
collision avoidance, parking assistance systems, wireless communication
technology, and interactive infotainment systems, in the upcoming car
technologies to increase driver safety, are anticipated to raise the demand of
CAE software. Additionally, technological advancements in the automotive
sector, including driverless cars and semi-autonomous cars, are further
anticipated to boost the industry demand.
The emerging new engineering modes such as 3D printing,
building information modeling, concurrent engineering is likely to influence
the CAE market. 3D printing is a form of additive manufacturing that allows the
users to print any object as a 3-D image. The technology helps in reducing
production costs and developing new methods of production. Ease of use and
unlimited customization capabilities are the key factors driving the 3D
printing market which is further expected to positively impact the computer
aided engineering market demand.
The prevailing open source software are anticipated to
restrain the market growth over the projected period. They are available for
free on the web; however, the vendors charge for support, customization, and
maintenance services. Linux has been leading the open architecture software
market. Open source software has been a boon for small software vendors, due to
which, the large enterprises have been facing negative impacts. The major
drivers of open source technology are the minor flaws and bugs that can be
tested and fixed immediately.
Access Full Research Report on Global Computer Aided
Engineering (CAE) Market: http://www.grandviewresearch.com/industry-analysis/computer-aided-engineering-cae-market
Further key findings from the report suggest:
- The
intellectual property protection of a software is crucial, as most of the
modern manufacturing organizations rely on computer technology
- The
computational fluid dynamics segment is anticipated to witness high growth
rate over the forecast period
- Testing
and simulation are the important aspects of a design cycle that help the
end-users in achieving profitability and faster time-to-market
- The
On-premise segment dominated the market in terms of revenue in 2015 and is
anticipated to remain dominant over the projected period
- Simulation
software are used to analyze the effect of casing materials on IC
performance, thermal management, and electrical signal performance
- The
increasing adoption of lithium-ion batteries in consumer electronics
application will also enhance the industry demand over the projected
period
- Asia
Pacific and Latin America are poised to emerge as lucrative regional
markets over the forecast period
- The
key players of the market include Siemens AG (Germany), Exa Corporation
(U.S.), MSC Software Corporation (U.S.), ESI Group (France)
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research
has segmented the Global Computer Aided
Engineering (CAE) Market based on type, deployment model, end-use, and
region:
CAE Type Outlook (Revenue, USD Million, 2014 - 2025)
- Finite
Element Analysis (FEA)
- Computational
Fluid Dynamics (CFD)
- Multibody
dynamics
- Optimization
& simulation
CAE Deployment Model Outlook (Revenue, USD Million, 2014
- 2025)
- On-premise
- Cloud
based
CAE End-Use Outlook (Revenue, USD Million, 2014 - 2025)
- Automotive
- Defense
& aerospace
- Electronics
- Medical
devices
- Industrial
equipment
- Others
CAE Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
- The
Middle East and Africa (MEA)
View
Press Release On Global Computer Aided Engineering (CAE) Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-computer-aided-engineering-cae-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us: www.grandviewresearch.com
