Computer Aided Engineering Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Computer Aided Engineering Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Computer Aided Engineering market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Computer Aided Engineering Reports Highlights
What is the size of the Computer Aided Engineering?
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.
Growth Restraint: Easy Availability of Open-Source Alternatives to CAE
Many low-cost open-source solutions that are great CAE alternatives are becoming readily available in the market. As a result, more & more companies are avoiding investing in attaining the commercial licenses of CAE solutions, i.e., resulting in the declining demand for CAE and, consequently, hampering the Global Computer Aided Engineering Market growth.
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What Components are Encompassed within Computer Aided Engineering Market segmentation?
The report has divided the market into the following segments:
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.)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-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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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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