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computer aided engineering market

Computer Aided Engineering (CAE) Market Share, Size, Trends, Industry Analysis Report By Product Type (CFD, FEA, and MBD); By End-use Industry (Aerospace & Defense, Electrical & Electronics, Automotive, Medical, Industrial Machinery and Others); By Regions, Segments & Forecast, 2018 - 2026

  • Published Date: Sep 2018
  • Pages: 95
  • Format: PDF
  • Report ID: PM1460
  • Base Year: 2017
  • Historical Data: 2015-2016

Report Summary

The global computer aided engineering market is estimated to be USD 4.08 billion in 2017 and is estimated to grow at a CAGR of more  than 12% during the forecast period. The market growth is highly attributed to the rapidly growing wearable industry, which results in use of CAE software by the electronics industry. Further, the demand is also influenced by the rising penetration of IoT enabled devices, smartphones, and tables among others. The growth of IoT and wearable devices that are used in various fields including fitness, medicine, entertainment and gaming, education, and transportation among others have resulted in the increased demand for CAE software. Moreover, miniaturization of sensors and electronic devices has further propelled the CAE market growth.

Stringent government regulations regarding applications such as parking assistance system, collision avoidance, interactive infotainment system, and wireless communication technology for the imminent car technologies in order to improve driver safety, is also driving the CAE market growth for CAE software in the automotive segment. In addition to this, emergence of advanced technologies such as semi-autonomous cars and driverless cars is also expected to influence the CAE market growth positively.

Asia Pacific CAE Market Share, By End-use Industry, 2017 - 2026

Computer-Aided-Design-CAE-Market

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Segment Analysis

The product type segment of CAE market is categorized into Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), and Multi-Body Dynamics (MBD). The FEA segment by product type is dominating the market currently however, the CFD segment is anticipated to witness high growth during the projected period.

By end-use industry, the aerospace & defense segment is expected to notice a high growth attributed to the increased government spending in the nation’s aerospace & defense sector globally for the enhancement of anti-terror equipment as well as mitigating security lapses. Also, increasing concerns related to security & surveillance in public places is anticipated to bolster the CAE market growth. The medical end-use industry is also witnessing considerable growth owing to need for better efficiency in diagnosing critical and complex medical conditions.

Regional Analysis

The Europe market for CAE is currently leading with the largest market share among geographies. However, Asia Pacific market is anticipated to witness a high growth during the forecast period owing to rapid adoption of automation in manufacturing industry of the region. The Asia Pacific region with countries such as China, Taiwan, South Korea, and India comprise of huge manufacturing sector also, the government of these nations are investing heavily to encourage adoption of automation in their manufacturing sector.

Competitive Analysis

Some of the key players operating in the market includes Casio Computer Co., Ltd., BenQ Corporation, Dell Technologies, Inc., Seiko Epson Corp., NEC Display Solutions, PLM Software, Inc., Dassault Systemes, Exa Corporation, ESI Group, and Numeca International among others. These companies are maintaining their competitive position by offering specialized products and services at premium prices to their customers.

Key Take-Away
Polaris Market Research
CAE Market Size - Computer Aided Engineering Industry Report 2018-2026