"Computer Integrated Manufacturing (CIM) to Bolster the Demand for CAE"
Computer-aided engineering (CAE) market projected to hit the market value of US$ 13.21 Bn by 2026, with CAGR of 10.36% across the forecast period. Majorly directed by Asia Pacific, CAE market driven by growing trend of computer integrated manufacturing (CIM) approach. This process is a vital part of modern manufacturing approach with integrated controlling systems to standardize the complete production process from initial design to final delivery. CAE is an inevitable part of CIM approach, as it simplifies the analysis process that executes overall operation in much efficient way. While CAE demonstrated a major stimulus on several industrial sectors, it proved radical in product designing process. Major benefit of CAE in manufacturing process includes added product analysis flexibility enabling designers to evade costly gaffes in production process. The use of CAE for real-time simulation and animation prompted development activities into more profound analysis. A wide array of end use applications of CAE ensure sturdy surge for market across the forecast period.
Market Synopsis
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"Automotive Segment Leads the Market & Accounted to Retain Its Dominant Position"
Automotive segment leads the overall Computer Aided Engineering (CAE) market, accounting close to 1/3rd of the global market value. Automotive industry steadily seeks for the solution that reduces the time and cost for development of vehicle. Subsiding time-to-market and number of prototypes has increased the penetration of CAE methodologies in the automotive industry. One of the vital benefits of CAE has been to reduce the cost of human efforts spent on analyzing changes made to vehicle designs. With enhanced efficiency and flexibility offered by CAE in product development would ensure strong growth for automotive segment throughout the forecast period.
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"Steady Growth of End-use Industries to Ensure Dominant Position of Asia Pacific Region in CAE Market throughout the Forecast Period"
Presently, Asia Pacific market accounted for more than 25% of the global Computer Aided Engineering (CAE) market value. Region also set to exhibit highest CAGR across the forecast period, primarily due to steady development of end-use application industries. The region is referred as the leading light vehicle manufacturers with countries such as Japan, China and Korea comprising over 37 Mn units of worldwide production comprising around 42% of the automobile production worldwide. Furthermore, in 2017, construction sector of Asia Pacific registered over US$ 4,800 Bn. Growing penetration of automation in manufacturing process paves the way for CAE approach across the region. Thus, growth in several other end-use industries certainly stimulating CAE market across the region.
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Key players of global CAE market profiled in the report include Bentley Systems, Inc., Dassault Systems, MSC Software Corporation, Siemens Product Lifecycle Management Software Inc., Autodesk, Inc., ANSYS, Inc., ESI Group, Altair Engineering, Exa Corporation, Aspen Technology, Inc., Mentor Graphics Corporation and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
CAE market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global CAE market based on analysis type, deployment, end-use application, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Million |
| Segmentation |
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)
• Automotive
• Aerospace & Defense
• Industrial Machinery
• Electrical & Electronics
• Construction & Architecture
• Healthcare
• Others (Energy, HVAC, etc.)
|
|
Geography Segment (2016–2026; US$ Bn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
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?
- What are the key strategies adopted by the leading players in market?
- What are the key product designing trends across different geographies and sub-geographies?
