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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Computer Aided Engineering (CAE) market. Market segmentation includes Deployment (On-Premise, Cloud); Product Type (Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Other Product Types); Application (Automotive, Aerospace & Defense, Electrical & Electronics, Medical Devices, Other Applications).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 4:22 a.m., Silicon Valley, California - According to the new market research report, the global market for Computer Aided Engineering (CAE) is projected to grow at a CAGR of 9.1% reach US$9.6 billion by 2027, driven by growing importance of simulation and analysis of product, assembly and system designs to prevent product recalls and reduce prototyping costs in major industries such as automotive, plant engineering, aerospace, energy, HVAC and consumer goods. The global Computer Aided Engineering (CAE) market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Finite Element Analysis (FEA), one of the segments analyzed and sized in this study, is forecast to grow at over 9.5% and reach a market size of US$5.6 billion by the end of the analysis period. The United States is forecast to readjust to a 9.3% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$898 million growing at a CAGR of 8.2% over the next couple of years. In addition, over US$429 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Finite Element Analysis (FEA) segment will reach a market size of US$580 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Finite Element Analysis (FEA) segment in this country against this backdrop will grow at a CAGR of 12.3% over the next couple of years to create an addressable market opportunity worth US$720.9 million by the year 2027.

Computer-aided engineering (CAE) refers to the use of computer and software solutions to design, analyze and generate processes and products. CAE is typically utilized for referring to software utilized for simulation and analysis of product, assembly and system designs. CAE is being used in all industries that design products. Automotive, plant engineering, aerospace, energy, HVAC and consumer goods industries are a few major end-users of CAE solutions. Driven by the growing importance of CAE in various industries, the global market for CAE is anticipated to increase at a steady pace over the coming years. The market has benefited significantly from the rapid shift of manufacturing of the West to cheaper destinations in the East. Market growth would be largely directed by the emerging economies, where the prominence of CIM or Computer Integrated Manufacturing is growing. CIM has lately become the critical part of manufacturing. CIM uses integrated control systems for standardizing the overall process of production right from the initial design phase upto the delivery of final product. Continued reduction in prices of CAE software and licensing fees would also stimulate market growth. Companies are also offering newer delivery models for their products and services. Customers are also now able to choose the pay-as-you-go plan offered by many companies selling CAE tools. Cloud computing is bringing down costs of licensing, deployment as well as maintenance, which is likely to expand market. A key trend being witnessed in the CAE market is CAD/CAE integration, with new types of software being developed that enable testing of design and analysis in integrated CAD/CAE environment.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 15786. Among this pool, 1579 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 316 unique participations, a total of 142 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Siemens AG
Autodesk, Inc.
Dassault Systemes (3DS)
Synopsys, Inc.
Mentor, a Siemens Business
ANSYS, Inc.
Aspen Technology, Inc.
Hexagon AB
Altair Engineering, Inc.
Bentley Systems, Inc.
ESI Group

Segments Covered in the Report -
Product Type (Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Other Product Types)
Deployment (On-Premise, Cloud)
Application (Automotive, Aerospace & Defense, Electrical & Electronics, Medical Devices, Other Applications)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
Rest of World.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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