Computer-aided engineering (CAE) market size expected to grow by 5.65 billion, with FEA expected to be the most revenue-generating product segment

NEW YORK, November 16, 2022 /PRNewswire/ — The “Computer Aided Engineering (CAE) Market by product (FEA and CFD), end user (automotive, aerospace and defense, electrical and electronics, and others) and geography (Europe, North AmericaACPA, South Americaand Middle East and Africa) – The “Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. The difference in potential growth for Computer Aided Engineering (CAE) Market size between 2021 and 2026 is $5.65 billion. To get the exact annual growth variance and annual growth rate, Request a FREE sample PDF report.

Technavio has announced its latest market research report titled Global Computer Aided Engineering (CAE) Market

Market segmentation

The AEF will be a significant contributor to the growth of the market over the forecast period. High investments in R&D will be the main factor contributing to the growth of the global FEA market during the forecast period. FEA software helps reduce product warranty and return costs. This also minimizes product warranty and return costs. R&D investments are used to purchase new technologies, hardware, software and services for the development of new and innovative products. Companies in key regions invest heavily in R&D to develop new innovative equipment and to comply with standards set by regulatory bodies or governments in different countries. During the forecast period, the market will be driven by the availability of cloud-based FEA solutions which are cost-effective for end users. The adoption of cloud-based FEA solutions will increase among end users in key regions during the forecast period owing to their advantages, such as flexibility and scalability.

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APAC will be the leading region with 41% of the market growth during the forecast period. The United States is the key country for the computer aided engineering (CAE) market in APAC.

View our FREE Sample PDF Report for additional information on the contribution of all segments and regional opportunities in the report.

Some companies mentioned with their offers

  • Altair Engineering Inc. – The company offers computer-aided engineering capable of transforming data from very large files into formats for further analysis and visualization.

  • ANSYS Inc. – The company offers computer-aided engineering that includes 3D designs, acoustic simulation and safety analysis

  • Dassault Systemes SE – The company offers computer-aided engineering that provides companies with virtual universes to imagine sustainable innovations.

  • ESI Group SA – The company offers computer-aided engineering that provides virtual replication of product development, testing and manufacturing with simulations.

  • Hexagon AB – The company offers computer-aided engineering that allows analysts to simulate product and process performance in finite element analysis, computational fluid dynamics, and multi-body dynamics, as well as tools for cost estimation and design optimization.

  • Autodesk Inc.

  • Bentley Systems Inc.

  • Cambashi Ltd.

  • Ceetron AS

  • COMSOL AB

  • NUMECA International

  • PTC Inc.

  • Siemens AG

  • Simeric Inc.

  • Symscape

This report provides a comprehensive list of major vendors, their strategies, and the latest developments. Buy now for detailed supplier information

Key market dynamics

The growth of the smartphone industry and the increasing demands for large-scale project management are some of the major market drivers. However, factors such as lack of awareness among end users about CFD developments will challenge the growth of the market.

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Scope of the Computer Aided Engineering (CAE) Market

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Decelerate at a CAGR of 12.65%

Market Growth 2022-2026

$5.65 billion

Market structure

Fragmented

Annual growth (%)

16.14

Regional analysis

Europe, North America, APAC, South America, Middle East and Africa

Successful market contribution

APAC at 41%

Main consumer countries

United States, China, Japan, Germany and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Cambashi Ltd., Ceetron AS, COMSOL AB, Dassault Systemes SE, ESI Group SA, Hexagon AB, NUMECA International, PTC Inc., Siemens AG, Simerics Inc., and Symscape

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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Main topics covered

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Market Segmentation by End User

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

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Global Computer Aided Engineering (CAE) Market

Global Computer Aided Engineering (CAE) Market

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