USD 3.57 bn growth in Computer Aided Engineering (CAE) Market | Driven by Growth of Smartphone Industry | Technavio | News

NEW YORK, Jan. 10, 2022 /PRNewswire/ — The global computer aided engineering (CAE) market will witness substantial growth in the coming years. The increasing use of CAE software in the R&D activities in the aerospace and defense industry is creating significant opportunities for market players. In addition, the growth of the global automotive industry and increasing investments in R&D for the development of new and efficient vehicles will create strong demand for CAE software during the forecast period.

Technavio estimates the global computer aided engineering (CAE) market size to increase by USD 3.57 billion from 2020 to 2025, progressing at a CAGR of over 9% during the forecast period.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Altair Engineering Inc., ANSYS Inc., Dassault Systemes SE, ESI Group, Hexagon AB, NUMECA International, PTC Therapeutics Inc., Siemens AG, Simerics Inc., and Symscape are some of the major market participants.

The growth of the smartphone industry and increasing requirements for large-scale project management will offer immense growth opportunities for market players. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Computer Aided Engineering (CAE) Market 2021-2025: Segmentation

• Product
• End-user
• Automotive
• Aerospace And Defense
• Electrical And Electronics
• Others
• Geography
• Europe
• North America
• APAC
• South America
• MEA

By product, the market will witness maximum demand for FEA software. The demand for the software is mainly driven by stringent government regulations and increasing R&D activities among end-users. In addition, the emergence of cloud-based FEA solutions is contributing to the growth of the segment. The market growth in the segment will be significant during the forecast period.

Similarly, by end-user, the market is observing maximum demand for CAE software from the automotive industry. The growth of the segment can be attributed to the use of CAE software in the design and development of interior and exterior features of vehicles, such as enhanced night vision with pedestrian detection and automatic high beam control. Also, the increasing vehicle standards across countries is fueling the segment’s growth.

By geography, APAC is expected to offer maximum growth opportunities. The growth of the end-user industries such as automotive, electricals and electronics, and aerospace and defense is driving the growth of the CAE market in APAC. China and Japan are the key markets for computer aided engineering in APAC.

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Market trends such as reduction in product design time and cost are likely to emerge as one of the primary drivers of the market. However, factors such as lack of awareness among end-users about developments in CFD may threaten the growth of the market.

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Computer Aided Engineering (CAE) Market 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist computer aided engineering (CAE) market growth during the next five years
• Estimation of the computer aided engineering (CAE) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the computer aided engineering (CAE) market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of computer aided engineering (CAE) market vendors

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