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.

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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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Companies Covered:

• Altair Engineering Inc.
• ANSYS Inc.
• Dassault Systemes SE
• ESI Group
• Hexagon AB
• NUMECA International
• PTC Therapeutics Inc.
• Siemens AG
• Simerics Inc.
• Symscape

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, until 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• FEA - Market size and forecast 2019-2024
• CFD - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End user
• Automotive - Market size and forecast 2019-2024
• Aerospace and defense - Market size and forecast 2019-2024
• Electrical and electronics - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End user

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Altair Engineering Inc.
• ANSYS Inc.
• Dassault Systemes SE
• ESI Group
• Hexagon AB
• NUMECA International
• PTC Therapeutics Inc.
• Siemens AG
• Simerics Inc.
• Symscape

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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