According to a new market research report published by Credence Research “Computer Aided Engineering (CAE) Market (Analysis Type – Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multi-body Dynamics, Optimization & Simulation; Deployment Model – On-premises Deployment and Cloud-Based Deployment; End-use Application – Automotive, Aerospace & Defense, Industrial Machinery, Electrical & Electronics, Construction & Architecture, Healthcare and Others) Market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global Computer Aided Engineering (CAE) market is set to grow with a CAGR of 10.36% throughout the forecast period to reach US$ 13.21 Bn by 2026.
Computer Aided Engineering (CAE) is the use of computer software to assist in engineering activities and to simulate processes to improve product design or help solve engineering problems. CAE covers Computer-Aided Analysis (CAA), Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) for a number of applications such as modeling, testing and optimization of product development and other manufacturing processes. The overall market for computer-aided engineering (CAE) is set to show a rise of 10.36% over the forecast period from 2018 to 2026, primarily due to advancement in automation across the manufacturing and several other sectors. Automation has changed the face of product design and manufacturing processes by offering more accuracy with better efficiency.
The overall Computer Aided Engineering (CAE) industry segmented on the basis of research, implementation model and end-use applications. Through end-use use, the automotive technology segment accounts for more than 1/4 of the total market value. This is primarily due to the constant focus on increasing efficiency by optimizing the design process for automotive applications. Asia Pacific was CAE’s leading region in 2017. The area accounted for more than 25% of the overall market value generated worldwide, mainly due to promising technological advances in manufacturing, automotive, construction and several other industries across the country.
The Computer Aided Engineering (CAE) industry growth further fuelled by the development of the computer hardware system, supplying design engineers with advanced three-dimensional graphics capabilities. The combination of CAD (Computer Aided Drafting) with CAE makes it easy to measure stress distributions and deformations without being very aware of the modeling process. Leading players in the CAE industry have started offering CAD technology with built-in CAE features. CAE for product design is expected to continue to develop features in the following years while maintaining traditional, effective and general purpose functions.
Mobile access has become critical aspects that every company or customer is searching for in virtually every technology. Some CAE developers provide some means of accessing brand analysis information on mobile platforms. Another positive development in the CAE industry is the cloud delivery of technology that allows developers and designers to upload their research to online platforms. The benefits offered by CAE technology cloud implementation include increased mobility, ease of software upgrade, and significant cost reductions. Recent user-friendly technological advancements in CAE computer engineering have given much-needed impetus for market growth.
Market Scope by Segments:
Analysis Type Segment (2016–2026; US$ Bn)
- Finite Element Analysis (FEA)
- Computational Fluid Dynamics (CFD)
- Multi-body Dynamics
- Optimization & Simulation
Deployment Segment (2016–2026; US$ Bn)
- On-premises Deployment
- Cloud-Based Deployment
End-use Application Segment (2016–2026; US$ Bn)
- Aerospace & Defense
- Industrial Machinery
- Electrical & Electronics
- Construction & Architecture
- Others (Energy, HVAC, etc.)
Key questions answered in this report:
- What was the market size of CAE in 2017 and forecast up to 2026?
- Which is largest regional market for CAE?
- What are the key market trends observed in the CAE market and outlook for computer-aided technology?
- Which is the most promising analysis, deployment and end-use application in CAE market?
- Who are the key players leading the market?