Computer Integrated Manufacturing (CIM) to Bolster the Demand for CAE
Computer-aided engineering (CAE) market is projected to hit a market value of US$ 13.21 Bn by 2026, with a CAGR of 10.36% across the forecast period. Majorly directed by Asia Pacific, the CAE market is driven by the growing trend of the computer-integrated manufacturing (CIM) approach. This process is a vital part of the 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 the CIM approach, as it simplifies the analysis process that executes overall operations in a much more efficient way. While CAE demonstrated a major stimulus in several industrial sectors, it proved radical in the product designing process. The major benefit of CAE in the manufacturing process includes added product analysis flexibility enabling designers to evade costly gaffes in the production process. The use of CAE for real-time simulation and animation prompted development activities into a more profound analysis. A wide array of end-use applications of CAE ensure a sturdy surge for the market across the forecast period.
Market Synopsis
Automotive Segment Leads the Market & Accounted to Retain Its Dominant Position
The automotive segment leads the overall Computer Aided Engineering (CAE) market, accounting for close to 1/3rd of the global market value. The automotive industry steadily seeks a solution that reduces the time and cost of the development of vehicles. Subsiding time-to-market and the 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. Enhanced efficiency and flexibility offered by CAE in product development would ensure strong growth for the automotive segment throughout the forecast period.
Steady Growth of End-use Industries to Ensure Dominant Position of Asia Pacific Region in CAE Market throughout the Forecast Period
Presently, the Asia Pacific market accounts for more than 25% of the global Computer Aided Engineering (CAE) market value. The region is also set to exhibit the highest CAGR across the forecast period, primarily due to the steady development of end-use application industries. The region is referred to as the leading light vehicle manufacturer, 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, the construction sector of Asia Pacific registered over US$ 4,800 Bn. Growing penetration of automation in the manufacturing process paves the way for the CAE approach across the region. Thus, growth in several other end-use industries certainly stimulates the CAE market across the region.
Key players of the 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 segment 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 the 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
The 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 the Rest of Europe)
Asia Pacific (Japan, China, India, and the 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 what is the forecast up to 2026?
Which is the largest regional market for CAE?
What are the key market trends observed in the CAE market and the outlook for computer-aided technology?
Which are the most promising analysis, deployment, and end-use application in the CAE market?
Who are the key players leading the market?
What are the key strategies adopted by the leading players in the market?
What are the key product designing trends across different geographies and sub-geographies?
Frequently Asked Questions:
The market for Computer Aided Engineering (CAE) Market is expected to reach US$ 13.21 Bn by 2026.
The Computer Aided Engineering (CAE) Market is expected to see significant CAGR growth over the coming years, at 10.36%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
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 are some of the major players in the global market.
