Exploring the Computer Aided Engineering Market with Growth Perspectives

Global Computer Aided Engineering Market Overview:

According to MarkNtel Advisors study the Global Computer Aided Engineering Market is likely to grow at around 9.1% CAGR during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the ever-increased outsourcing of manufacturing processes to developing economies, the growing deployment of integrated software solutions by companies to eliminate the need for multiple prototypes & product recall concerns, and the mounting use of CFD tools to analyze temperature in battery modules and extend its life & performance.

Key Findings of the Study: Computer Aided Engineering market

Key Opportunity: Shift from On-Premise to Cloud Deployment Models

Cloud-based CAE helps reduce costs related to hardware acquisition, software licensing, installation, & support and allows for quick distribution, minimal maintenance costs, and enhanced scalability. When offered as SaaS (Software-as-a-Service), it can also provide application-specific solutions to users. Due to these capabilities, cloud-based CAE is witnessing high demand worldwide, wherein several companies are even deploying HCI (Hyper-Converged Infrastructure) platforms to develop a private cloud for attaining advanced computation & storage services. Hence, these aspects indicate a lucrative future for the Global Computer Aided Engineering Market during 2023-28.

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Scope of the Computer Aided Engineering Market Report Segmentation

-By Type

Finite Element Analysis
Computational Fluid Dynamics
Thermal Analysis
Multibody Dynamics
Others (Mechanical Event Simulation, etc.)

-By Deployment Model

On-Premise
Cloud

-By End User

Automotive
Medical Devices
Industrial Equipment
Defense & Aerospace
Electronics
Others (Energy, Consumer Goods, etc.)

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Geographical analysis:

-By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific

Of all regions globally, Europe dominates the Computer Aided Engineering Market with the largest share. It owes to the rising number of virtual vehicle & connected care developers and the ever-increasing automation in the manufacturing sector across the region. In addition, massive investments by automakers in deploying reliable engineering tools in order to optimize production costs, attain shorter prototyping cycles, reduce the chances of product defects, and enhance the overall consumer experience are further projected to bode well for the Europe Computer Aided Engineering Market during 2023-28.

Recent Developments in the Global Computer Aided Engineering Market

In June 2022, Ansys joined forces with SoftInWay to create streamlined turbomachinery workflows from the design phase through 3D simulation. This partnership will enable seamless integration of Ansys’ simulation software into SoftInWay’s unique design platform.
In July 2021, Dassault Systèmes launched DELMIAworks in India, an advanced manufacturing ERP & MES solution, which allows manufacturers to effectively monitor & manage manufacturing workflows & supply chains and attain enhanced operational efficiency & transparency.

Current Landscape of Computer Aided Engineering Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Computer Aided Engineering market. The research report profiles major players, including

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Altair Engineering Inc.
ANSYS, Inc.
Autodesk Inc.
Aveva Group
Bentley Systems, Inc.
Dassault Systemes
ESI Group
Hexagon AB
Siemens AG
SimScale GmbH
Cambrio
Waterloo Hydrogeologic
The MathWorks, Inc.
Aspen Technology Inc
Cadence Design Systems, Inc

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