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Computer Aided Engineering (CAE) Market Size Worth USD 4.27 billion during 2020-2024 | Technavio

The computer aided engineering (CAE) market is expected to grow by USD 4.27 billion, progressing at a CAGR of over 11% during the forecast period.

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The growth of the smartphone industry is one of the major factors propelling market growth. However, factors such as lack of awareness among end-users about developments in CFD will hamper the market growth.

More details: https://www.technavio.com/report/computer-aided-engineering-market-industry-analysis

Computer Aided Engineering (CAE) Market: Product Landscape

One of the primary reasons contributing to the growth of the computer-aided engineering market growth is the advances in the field of CFD. The advances in pre-processing methods, including meshing and the advances by third-party software providers such as 3DModelSpace, have increased the demand for CFD among end-users. The computer-aided engineering market share growth by the FEA segment will be faster than the growth of the market by the CFD segment.

Computer Aided Engineering (CAE) Market: Geographic Landscape

APAC will offer several growth opportunities to market vendors during the forecast period. The growth of the electrical and electronics industry, followed by the growth of the automotive industry, will significantly drive the computer-aided engineering market growth in this region over the forecast period. Over 33% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for computer-aided engineering in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Customer landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis


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