Global Computer Aided Engineering Market By Product Type (Finite Element Analysis & Computational Fluid Dynamics), By End Use Industry (Automotive, Aerospace & Defense, etc.), By Region, Competition Forecast & Opportunities, 2012-2022
Global computer aided engineering market is expected to reach $ 7.79 billion by 2022, on the back of increasing demand for innovation and superior quality products from across the globe, high expenditure on aerospace & defense sector, rising technological advancements and growing need for application-specific computer aided engineering (CAE) software. Upsurge in deployment of application-specific computer aided engineering software can be attributed to its utilization in Small & Medium Enterprises (SMEs) to minimize manufacturing costs and to reduce the product lead time. Moreover, integration of computer aided engineering in product development lifecycle is expected to increase due to the paradigm shift being witnessed in development of infrastructure to accelerate deployment of next generation technologies such as artificial intelligence, robotics, etc., and rising demand for manufacturing eco-friendly products to reduce carbon footprint.
According to “Global Computer Aided Engineering Market By Product Type, By End Use Industry, Competition Forecast & Opportunities, 2012-2022”, global computer aided engineering market is projected to exhibit a robust CAGR during 2017 - 2022. The growing need for streamlining business and thrust on digital technologies are some of the major reasons for this robust growth. Few of the major companies operating in the global computer aided engineering market include ANSYS, Inc., The MathWorks, Inc., Siemens PLM Software, Dassault Systèmes SE, Altair Engineering, Inc., SimScale GmbH, Autodesk, Inc., SYNOPSYS, INC., COMSOL AB, Bentley Systems Incorporated, Exa Corporation., CPFD Software LLC, ESI Group, PTC Inc. and Design Simulation Technologies. “Global Computer Aided Engineering Market By Product Type, By End Use Industry, Competition Forecast & Opportunities, 2012-2022” discusses the following aspects of computer aided engineering market in the world:
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