CAE Market in India : Research Report 2015-2019
CAE is the practice of using a broad range of software products to assist in engineering tasks. These software products support a wide range of tasks such as simulation, validation, analysis, and manufacturing of engineering products. CAE includes two major tools: FEA and CFD. FEA helps evaluate the functionality of a given product design before its prototype is produced. It is used in various manufacturing industries for estimation of structural strength and behavior, modeling, simulation, and design optimization. CFD analyzes flow, turbulence, pressure distribution, and interaction of liquids and gasses with various structures. Both FEA and CAE are widely used across industries such as aerospace and defense, automotive, electrical and electronics, industrial machinery, and others.
Technavio's analysts forecast the CAE market in India to grow at a CAGR of 15.60% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the CAE market in India for the period 2015-2019. The market can be segmented into two based on tool: FEA and CFD.
Technavio's report, CAE Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers India; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – CAE Market in India 2015-2019
Technavio recognizes the following companies as the key players in the CAE Market in India: ANSYS, MSC Software, CD-adapco and Dassault
Other Prominent Vendors in the market are: Altair, Aspen Technology, Autodesk , COMSOL, ESI Group, NEi, Divesture, Exa and Siemens PLM Software
Commenting on the report, an analyst from Technavio’s team said: “Cloud computing provides vast space for data storage, ease of access, flexibility, and security. Companies increasingly prefer to use cloud-based CAE software as it is cost-effective. End-users do not have to pay license costs as they can access the software through the cloud. The deployment of CAE in the cloud leads to low cost, faster distribution, low maintenance, and an increase in scalability.”
According to the report, growing demand for CAE in India have led large international CAE vendors to set up their R&D centers in the country. Through R&D centers vendors are able to capitalize on the market potential by developing and providing new and innovative products to Indian customers. For instance, Altair Engineering has its R&D base in India, with more than 400 engineers involved in different fields, such as software development, design, quality assurance, and sales and marketing.
Further, the report states that the high initial investment required for CAE acts as a major challenge to the growth of the overall market.
ANSYS, MSC Software, CD-adapco, Dassault, Altair, Aspen Technology, Autodesk , COMSOL, ESI Group, NEi, Divesture, Exa, Siemens PLM Software
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