According to IMARC Group’s latest report, titled “Computer-Aided Engineering Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on computer-aided engineering market.
reached a value of US$ 8.4 Billion in 2021. Computer-aided engineering (CAE) refers to a process of integrating and simulating the performance of a product using virtual tools and software. It involves replicating the physical properties of a product, conducting thermal and finite element analysis, and executing various optimizations. It also assists in enhancing the design and efficiency of a product while resolving engineering problems. In addition, it supports faster product development by preventing the need for designing a physical prototype in the early developmental stages.
The growing cloud deployment of software represents one of the key factors positively influencing the demand for CAE integrated with computer-aided drafting (CAD). Besides this, the escalating demand for consumer electronics like smartphones, laptops, and wearable devices for fitness, health, educational, and entertainment purposes is favoring the adoption of CAE. Moreover, the advent of semi-automated and driverless cars integrated with software for collision avoidance, interactive infotainment systems, and parking assistance systems is propelling the market growth. Looking forward, IMARC Group expects the market to reach US$ 15.2 Billion by 2027, exhibiting a CAGR of 10.6% during 2022-2027.
Ask Analyst and Browse Full Report with TOC & List of Figure:
List of Key Companies Covered in this Market Report:
Altair Engineering Inc.
Aspen Technology Inc.
BenQ Asia Pacific Corp.
Bentley Systems Inc.
Casio Computer Co. Ltd.
Dassault Systemes, ESI Group
Mentor Graphics Corporation
MSC Software Corporation
Seiko Epson Corporation
Siemens Digital Industries Software
The report has segmented on the basis of type, deployment type end-use industry and geography.
Breakup by Type:
Finite Element Analysis (FEA)
Computational Fluid Dynamics (CFD)
Optimization & Simulation
Breakup by Deployment Type:
Breakup by End-Use Industry:
Defense & Aerospace
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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.
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