Computer Aided Engineering Market Is Expected To Accomplish A Valuation Of Around USD 12.78 Billion By 2025
Rapid growth of wearable industry is likely to increase the use of CAE software in electronics industry.
94105(firmenpresse) - The global computer aided engineering market size is anticipated to reach USD 12.78 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.8% during the forecast period. Rapid growth of wearable industry is likely to increase the use of CAE software in electronics industry. Major market players are in search of new revenue sources as the smartphone market is in the maturity stage. As a result, rising demand for wearable technology is anticipated to further fuel the growth.
Growing penetration of Internet of Things (IoT), tablets, and smartphones are expected to boost growth of the CAE market. Owing to the growth of IOT, wearable devices are increasingly being used in medicine, fitness, transportation, education, entertainment, and gaming; paving way for market growth. Miniaturization of electronic devices and sensors and persuasive connectivity with lowered costs have immensely contributed to the growth of wearable technology devices.
Government 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 propel demand for computer aided engineering software. Technological advancements in automotive sector, such as driverless cars and semi-autonomous cars, are further anticipated to boost the demand.
Emergence of innovative engineering modes such as 3D printing, building information modeling, and concurrent engineering is likely to influence the computer aided engineering market. 3D printing is a form of additive manufacturing that allows users to print any object as a 3-D image. The technology helps reduce production costs and develop new production methods. Ease of use and unlimited customization capabilities are the key factors driving the 3D printing market which is further expected to positively impact the CAE market.
Prevailing open source software are anticipated to restrain the market growth over the projected period. They are available on the web for free. However, vendors do 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. Prominent drivers for open source technology are the minor flaws and bugs that can be tested and fixed immediately.
To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/computer-aided-engineering-cae-market
Further key findings from the report suggest:
Computational fluid dynamics segment is anticipated to witness high CAGR over the forecast period
Testing and simulation are the important aspects of a design cycle that help end-users achieve profitability and faster time-to-market
On-premise segment led the computer aided engineering market in terms of revenue in 2018 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
Increasing adoption of lithium-ion batteries in consumer electronics application will also boost the demand over the projected period
Asia Pacific and Latin America are poised to emerge as lucrative regional markets in the forthcoming years
Key market players include Siemens AG (Germany), Exa Corporation (U.S.), MSC Software Corporation (U.S.), and ESI Group (France).
Grand View Research has segmented the computer aided engineering market based on type, deployment model, end use, and region:
Computer Aided Engineering (CAE) Type Outlook (Revenue, USD Million, 2014 - 2025)
Finite Element Analysis (FEA)
Computational Fluid Dynamics (CFD)
Multibody dynamics
Optimization & simulation
Computer Aided Engineering (CAE) Deployment Model Outlook (Revenue, USD Million, 2014 - 2025)
On-premise
Cloud based
Computer Aided Engineering (CAE) End Use Outlook (Revenue, USD Million, 2014 - 2025)
Automotive
Defence & aerospace
Electronics
Medical devices
Industrial equipment
Others
Computer Aided Engineering (CAE) Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
US.
Canada
Mexico
Europe
Germany
UK.
France
Asia Pacific
China
India
Japan
South America
Brazil
The Middle East and Africa (MEA)
Access Press Release of Computer Aided Engineering Market(at) https://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.
For More Information: www.grandviewresearch.com
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Datum: 11.11.2019 - 10:24 Uhr
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News-ID 601968
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